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Savannah Resources ( (GB:SAV) ) has issued an update.
Savannah Resources has outlined progress on its Barroso Lithium Project following the approval of an up to €110m non-reimbursable grant from the Portuguese state, with formal signing of the investment contract expected shortly. The company is advancing its Definitive Feasibility Study and environmental compliance work, optimizing pit designs, finalizing key infrastructure such as water management and road access, and planning extensive geotechnical and resource drilling once a pending temporary land access order is granted. Recent exploration has identified a new 400m lithium-in-soil anomaly that extends an existing target, adding potential post-DFS resource upside, while stronger lithium prices and tight market conditions are driving robust commercial interest in the project’s future concentrate production. Savannah is simultaneously deepening engagement with local communities and accelerating land acquisitions, and has joined industry peers in lobbying the European Commission for binding local-content rules on lithium to bolster EU supply security and enhance the strategic value of European projects such as Barroso.
The most recent analyst rating on (GB:SAV) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Savannah Resources stock, see the GB:SAV Stock Forecast page.
Spark’s Take on GB:SAV Stock
According to Spark, TipRanks’ AI Analyst, GB:SAV is a Neutral.
The score is held down primarily by weak financial performance (pre-revenue profile, recurring losses, and sustained cash burn), with only limited offset from a low-debt balance sheet. Technicals provide modest near-term support, but longer-term trend measures remain weaker. Valuation is also constrained by negative earnings and no dividend yield provided.
To see Spark’s full report on GB:SAV stock, click here.
More about Savannah Resources
Savannah Resources is an AIM-listed mineral development company focused on the Barroso Lithium Project in northern Portugal, which is considered Europe’s largest spodumene lithium deposit and designated a Strategic Project under the European Critical Raw Materials Act. The company is targeting supply into the rapidly growing European electric vehicle and battery storage markets, positioning itself as a domestic source of critical lithium raw materials for the EU.
Average Trading Volume: 3,893,085
Technical Sentiment Signal: Strong Buy
Current Market Cap: £121M
For a thorough assessment of SAV stock, go to TipRanks’ Stock Analysis page.