Carillion shares crash as it finally publishes delayed results
A look at some notable movers - risers and fallers- in London trade
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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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A look at some notable movers - risers and fallers- in London trade
Savannah believes Mina do Barroso could be brought into production relatively quickly to produce a Li₂O concentrate for the manufacture of battery grade lithium
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Completion of the ‘pre-feas’ will represent a major milestone for Savannah as it will earn a 35% stake in the Mutamba Consortium
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Cadence rose after it unveiled plans to offload one of its investments
Investments and investor services
The FTSE 100 traded in a narrow band all day, finishing 5 points lower at 7,319
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The construction and commissioning phases of the mineral sands project are expected to be completed by the end of this year
The drill programme is targeting three main areas - Grandao, Reservatorio, and NOA - with work so far focusing on the first two