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Savannah Resources ( (GB:SAV) ) has provided an update.
Savannah Resources has announced a restructuring of its technical leadership as it transitions the Barroso Lithium Project from resource development toward construction and operations, with Chief Technical Officer Dale Ferguson set to leave the company at year-end following an orderly handover. His responsibilities will be absorbed by senior managers Boris Daza and João Nunes, supported by a broader in-house technical team, reflecting the company’s shift in focus from geology to engineering, construction and mine and plant operations as it advances definitive feasibility work, front-end engineering design and project financing ahead of a final investment decision and planned construction next year.
The most recent analyst rating on (GB:SAV) stock is a Buy with a £8.00 price target. To see the full list of analyst forecasts on Savannah Resources stock, see the GB:SAV Stock Forecast page.
More about Savannah Resources
Savannah Resources is a London AIM-listed mineral resource development company and sole owner of the Barroso Lithium Project in northern Portugal, Europe’s largest battery-grade spodumene lithium resource and a Strategic Project under the EU Critical Raw Materials Act. Focused on supplying locally sourced lithium for Europe’s battery value chain, the project is expected to produce about 190,000 tonnes per year of spodumene concentrate, enough for roughly 500,000 electric vehicle battery packs, while prioritising minimised environmental impact and maximised socio-economic benefits.
Average Trading Volume: 2,731,383
Technical Sentiment Signal: Strong Sell
Current Market Cap: £92.67M
Find detailed analytics on SAV stock on TipRanks’ Stock Analysis page.