Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Savannah Resources sees encouraging results in Portugal and progress in Oman

Metal tests have indicated spodumene concentrate from MdB can be an industry standard, said Savannah chief executive David Archer
Lithium Periodic table
Lithium specialist Hatch has just started work on a scoping study for a mine

David Archer, Savannah Resources Plc’s (LON:SAV) chief executive, is increasingly confident Mina Do Barroso (MdB) in Portugal can be the equal of Western Australia’s successful lithium mines.

Metal tests have indicated spodumene concentrate from MdB can be an industry standard, he told Proactive.

WATCH: Savannah Resources able to produce 'low impurity, higher margin' lithium

Spodumene in the source rock has been confirmed as having a lithium content of 1.7% Li2O with low impurities.

Resource estimates at MdB have indicated a total recovery of at least 80% at a concentrate grade of over 6% Li2O is likely to be achieved.

Lithium specialist Hatch has just started work on a scoping study for a mine.

That should be ready this quarter, said Archer, after which Savannah will move straight to a full feasibility study.

“We are moving as fast as we can at MdB,” he said.

Elsewhere, in Oman, all approvals have granted for the Maqail copper project while one (of eight) is outstanding at Mahab 4, also copper.

Final evaluation by the Omani authorities is the last step, with mining permits expected before the end of 2018.

View full SAV profile View Profile

Savannah Resources Plc Timeline

Related Articles

Zinc in periodic table
April 17 2018
The report was prepared by CSA Global under contract to SLR Consulting Ireland ...
An aircore drill rig at the GT6 prospect of the Pinnacles Gold Project
April 19 2018
Nexus has only scratched the surface in seeking out a Karari-style deep plunging ore body.
1515749109_lithium-periodic-10.jpg
July 23 2018
Savannah Resources has a broad portfolio of assets, including some highly attractive lithium

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use