FTSE 100 ends Monday 116 points higher
The FTSE 100 closed out Monday at 5,824, some 116 points or 2% higher, as attentions remained on London.
Company
Savannah Resources PLC
LON:SAV
Savannah Resources PLC is the owner of the Barroso Lithium Project, located close to key infrastructure in Northern Portugal which contains the most significant spodumene lithium resource in Western Europe. Following a positive scoping study that outlined a conventional operation producing 175,000t of spodumene concentrate per annum, Savannah is progressing with the development and environmental licencing of the Barroso Lithium Project. A definitive feasibility study is underway, and Portugal’s environmental regulator is evaluating Savannah’s Environmental Impact Assessment study on the project.
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Al Marjan makes further investment in Savannah Resources
Private investment trust Al Marjan continues to show faith in Savannah Resources, backing the company in a £1.75mln premium placing. It means the investor will become the group's largest shareholder at 29.99%.
Archive
FTSE 100 bounces back, with blue-chips leading the way
Unusually, the majority of the big gains today were to be found among the FTSE 350 - especially the FTSE 100
FTSE100 on the up as sentiment improves
FTSE100 was buoyed by retail stocks at lunch and investor sentiment seemed to be improving as the index climbed 1.6% higher.
Savannah Resources completes Oman drilling
The junior drilled 16 holes, assays for nine of which have already been received
Weekly mining round-up including Metal Tiger, Noricum..
DiamondCorp, Hummingbird Resources and Rambler Metals also had news out this week
Investments and investor services
Proactive news highlights: Metal Tiger, IOG, Learning Tech, StatPro, Teathers Financial and more
Sula Iron & Gold, 88 Energy and Iofina also made headlines on Monday
Savannah Resources identifies sizeable potential in Oman
An analysis of 100,000m of historical drilling data indicated tonnages in a range of 10.7mln to 29.3mln at a copper grade of 1.4% to 2.4% and gold between 0.2 and 0.4ppm.
Savannah Resources gets gold boost from Oman drilling
Gold with grades of up to 1.9g/t was an unexpected bonus
Proactive weekly mining round-up including Caledonia Mining, Jubilee Platinum, Atlantic Coal
IMIC, Savannah Resources and Patagonia Gold also had news out this week
Investments and investor services
Proactive news highlights: CloudTag, Cloudbuy, Aureus, Minds + Machines and more...
88 energy, Horizonte Minerals and Horizon Discovery were all also in the news
Savannah Resoures starts drilling on second Oman copper block
The diamond drilling programme will target high grade copper zones identified around the Mahab 4 deposit