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An announcement from Savannah Resources ( (GB:SAV) ) is now available.
Savannah Resources has announced the departure of Chief Technical Officer Dale Ferguson at year-end and a restructuring of its technical leadership as it prepares to move the Barroso Lithium Project from development into construction and eventual operation. Ferguson’s responsibilities will be divided among senior managers Boris Daza and João Nunes, supported by specialists overseeing exploration, feasibility studies and environmental management, reflecting the company’s shift from a geology-focused exploration phase toward engineering, construction and operational readiness. The leadership transition follows a recent resource upgrade and ongoing definitive feasibility, engineering and project financing work, underscoring Savannah’s progress toward a final investment decision and the build-out of what is positioned to be a key European source of lithium for the energy transition.
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 mineral resource development company listed on London’s AIM market and is the 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. The project is intended to supply locally sourced lithium for Europe’s battery value chain, with planned output sufficient for around 500,000 electric vehicle battery packs annually, supporting EU targets for domestic lithium production while emphasising responsible environmental and socio-economic practices.
Average Trading Volume: 2,731,383
Technical Sentiment Signal: Strong Sell
Current Market Cap: £92.67M
For an in-depth examination of SAV stock, go to TipRanks’ Overview page.