Company
LON:SAV
Savannah Resources PLC is the owner of the Barroso Lithium Project, located close to key infrastructure in Northern Portugal which contains the most significant spodumene lithium resource in Western Europe. Following a positive scoping study that outlined a conventional operation producing 175,000t of spodumene concentrate per annum, Savannah is progressing with the development and environmental licencing of the Barroso Lithium Project. A definitive feasibility study is underway, and Portugal’s environmental regulator is evaluating Savannah’s Environmental Impact Assessment study on the project.
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The feasibility work is due to be completed in the first quarter of 2019
Savannah Resources said the option over the Aldeia ground will be "accretive to the overall development of Mina do Barroso"
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Savannah already boasts the largest spodumene project in Europe
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That cost would be recouped in under two years with production of 175,000 tonnes of spodumene concentrate
