Savannah Resources PLC (AIM:SAV, ETR:SAV, OTC:SAVNF) has noted a legal action initiated by the Covas do Barroso Baldios in respect of some land packages it has acquired from private landowners at the Barroso lithium project.
The Baldios Management Commission has lodged a civil claim against certain landowners claiming that they have registered some of their properties in excess, that is, occupying property that is actually Baldios land (community-owned and managed land), Savannah said in a statement.
As Savannah has acquired some of those properties, the Baldios Commission has included Savannah in those claims, requesting that the acquisition of such properties should be declared null and void.
Savannah added that to the best of its knowledge the purchased properties correspond to what has been declared by the private landowners to the official registration of cadastral information office and it has purchased exactly what is registered with the Land Registry Office.
The areas that are being disputed by the Baldios Commission occupy approximately 8 hectares or circa 1.4% of the total area of the project.
Savannah has been asked to submit its defence to the proposed legal action before the end of September 2022 and will be working with its Portuguese counsel on this, the statement concluded.