SAVANNAH RESOURCES (LON:SAV) SECTOR – MINING RATING – CORP* MARKET CAP – £66m CURRENT PRICE – 7.7p# ANALYST – DR RYAN LONG |
|
Year-end Dec |
2016A |
2017A |
|
|
|
Revenue (£m) |
- |
- |
No forecasts provided |
||
EBITDA (£m) |
(1.8) |
(2.8) |
||||
Adj. pre-tax Profit (£m) |
(1.8) |
(2.8) |
||||
Adj. EPS (p) |
(0.46) |
(0.53) |
||||
DPS (p) |
- |
- |
||||
Net Cash/(Debt) (£m) |
0.7 |
1.2 |
||||
P/E (x) |
- |
- |
||||
Dividend yield (%) |
- |
- |
||||
EV/EBITDA (x) |
- |
- |
||||
|
SOURCE: Northland Capital Partners Limited estimates. #Priced at prior trading day close. *Northland Capital Partners Limited acts as Nomad and provides commissioned research coverage to Savannah Resources and therefore this information should be viewed as a Marketing Communication. |
Mozambique update and interim results |
NORTHLAND VIEW |
In the first half of 2018 Savannah Resources made large strides forward as it substantially increased the size of the Mina do Barroso Lithium Deposit and completed the initial Scoping Study at the Project. The Company is now well funded, following its £12.5m equity financing in July, to carry out a Feasibility Study and potentially further Mineral Resource Estimate upgrades at Mina do Barroso, where drilling continues. At the Mutamba Heavy Mineral Sands Project, three mining lease applications have now been submitted and the scoping phase of the Pre-Feasibility Study is underway. In Oman, the Company has commenced drilling at the Bayda and Hara Kilab Copper Targets with the aim of defining additional tonnes for mining. |
COMPANY DESCRIPTION Savannah Resources is an energy metals group with copper-gold projects located in Oman, lithium projects in Portugal, and a operates a mineral sands project in Mozambique that is a JV with Rio Tinto |
SECTOR – OIL & GAS RATING – CORP* MARKET CAP – £2.4m CURRENT PRICE – 0.41p ANALYST – DR RYAN D. LONG
|
|
Year-end Dec |
2016A |
2017A |
|
|
|
Revenue (£m) |
- |
- |
No forecasts provided |
||
EBITDA (£m) |
(0.2) |
(2.8) |
||||
Adj. pre-tax Profit (£m) |
(0.2) |
(2.8) |
||||
Adj. EPS (p) |
(0.04) |
(0.48) |
||||
DPS (p) |
- |
- |
||||
Net Cash/(Debt) (£m) |
(0.3) |
(0.6) |
||||
P/E (x) |
- |
- |
||||
Dividend yield (%) |
- |
- |
||||
EV/EBITDA (x) |
- |
- |
||||
|
SOURCE: Northland Capital Partners Limited estimates. #Priced at previous day market close *Northland Capital Partners Limited acts as Nomad and Broker to Clontarf Energy and therefore this information should be viewed as a Marketing Communication. |
From yesterday: Lithium Prospecting in Bolivia & Placing |
NORTHLAND VIEW |
While there is no guarantee that this proposal would lead to a binding agreement, it is positive to see Clontarf Energy increasing its activity and potentially re-establishing its presence in Bolivia. The placing will be used to fund the ongoing negotiations regarding the Company's Ghanaian assets and will also provide the Company with additional working capital. |
COMPANY DESCRIPTION Clontarf Energy is an Oil & Gas Exploration Company with a 3% royalty in Peruvian Block 183 and a 60% interest in the Tano 2A Block located in offshore Ghana. |