Savannah Resources takes another key step in Barroso lithium development with positive locked cycle testing
"We are very pleased with the results," said chief executive David Archer
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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"We are very pleased with the results," said chief executive David Archer
Barroso is Europe's most significant lithium spodumene deposit
The company announced two retirements alongside the board appointments
A Definitive Feasibility Study should be completed within 12 months of approval of the EIA
"ABB is at the forefront of the automation and electrification we require for our decarbonisation journey," said Savannah CEO David Archer
Barroso contains the most significant spodumene lithium resource in Western Europe
Mina do Barroso is one of Europe's largest lithium development projects
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“The litigation neither impacts the Barroso Lithium Project's activities nor the current environmental impact assessment process which is moving to a conclusion," Savannah said.
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“Savannah hopes to achieve the same goals but during the operation of its Barroso lithium Project in the 2020s and 2030s"
Savannah is developing one of Europe's largest lithium projects
Spodumene is the most abundant lithium-bearing mineral found in economic deposits
BCSD Portugal is a non-profit association that brings together and helps private and public sector companies that are actively committed to the transition to sustainability
A definitive feasibility study on Mina do Barroso is now expected to be completed in 2022
Supply chains are more vulnerable now than ever, and governments are getting twitchy
Matthew King highlighted that the company is seeing “increasing” commercial interest in its Mina do Barroso lithium project in Portugal as spodumene prices increased
Savannah is seeking to become Europe's most significant producer of spodumene lithium concentrate from its Mina do Barroso project in Portugal
Savannah is looking to increase its exposure to lithium
Lithium is a key component in electric vehicle batteries