Savannah Resources PLC (LON:SAV) has announced that ongoing metallurgical test work has successfully produced saleable quartz and feldspar products for use in the ceramics industry from its Portuguese Mina do Barroso Project.
The AIM-listed resource development company - which is focused on becoming Europe's most significant producer of lithium spodumene concentrates - said the production of quartz and feldspar products will mean that the company will reduce the volumes of non-saleable material that will need to be emplaced on site in contoured and vegetated landforms.
It added that the test work for co-product and specifications have been independently evaluated and confirmed by ceramics industry expert, First Test Minerals Ltd
The company said: “Importantly, the potential pricing of the products which can be produced have been identified as being significantly higher, by First Test Minerals, than those conservative values used in the recent Scoping Study of US$39/tonne for feldspar and US$33/tonne for quartz.”
The group said this is a very positive outcome and is part of Savannah's ongoing commitment to design a project which minimises any potential environmental impacts.
Savannah's CEO, David Archer commented: "The area in which we operate is a major quarrying region for ceramic materials which supply the vibrant ceramics industries in both Portugal and Spain.”
He added: “I look forward to providing further updates as we progress our Feasibility Study towards delivery in 2019."