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Savannah Resources to broaden mine planning for Mina do Barroso after new high grade discovery

Savannah Resources PLC's (LON:SAV) CEO David Archer tells Proactive London's Andrew Scott they've  identified a new higher-grade lithium-bearing pegmatite body at Aldeia -  about two kilometres to the south-east of the Grandao deposit in Portugal.

Key lithium intersections include: 21 metres at 1.50% lithium oxide (Li₂O), 20 metres at 1.36% Li₂O, 21metres at 1.24% Li₂O, and 14 metres at 1.41% Li₂O.

Savannah’s wider Mina do Barroso project currently boasts a 20mln tonne resource and has been billed as Western Europe's most significant new spodumene lithium discovery.

Quick facts: Savannah Resources PLC

Price: 2.15 GBX

AIM:SAV
Market: AIM
Market Cap: £27.9 m
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Savannah Resources buoyed by EU support as flagship Mina do Barroso advances

Savannah Resources' (LON:SAV) David Archer caught up with Proactive's Andrew Scott while at Mines & Money in London 2019. On developments in Portugal he says it's continuing to move at a fast pace as they work on a number of studies and a number of initiatives - particularly initiatives...

1 week, 3 days ago

2 min read