Proactive Investors - Run By Investors For Investors

Savannah Resources says successfully produced saleable quartz, feldspar products for use in ceramics industry

The AIM-listed resource development company said the production will reduce the volumes of non-saleable material from its Portuguese Mina do Barroso Project that will need to be emplaced on site in contoured and vegetated landforms
Ceramics
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 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."

View full SAV profile View Profile

Savannah Resources PLC Timeline

Related Articles

Carmel Sapphire
January 29 2019
The Israel-focused exploration firm says its main strategy is to focus on exploration targets that it deems to have the highest upside that can be brought to production at relatively low cost
Victoria Falls
October 23 2018
Premier owns 49% of RHA and has proposed a debt-for-equity swap with Zimbabwe’s indigenisation authority NIEFF to take its stake up to 90%
MOU handshake
October 29 2018
The company said it was in discussions with other groups to be suppliers for its proposed Citronen facility in Greenland.

© Proactive Investors 2019

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