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Savannah Resources achieves several "important valuation milestones" in first half

Savannah Resouces PLC's (LON:SAV) David Archer tells Proactive that the company has increased investment in its assets, particularly its Mina do Barroso (MdB) lithium project in Portugal, over the first half of the current year.

Archer also says that the firm's latest results have highlighted "a number of important valuation milestones" including an increased resource at the MdB project to over 20mln tonnes from 3mln tonnes at the end of 2017.

Savannah reported a narrowed loss for the first half of its financial year, of £1.2mln compared to a £1.5mln loss a year ago with cash and cash equivalents at £786,764.

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