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An update from Savannah Resources ( (GB:SAV) ) is now available.
Savannah Resources, developer of the Barroso Lithium Project in Portugal, is progressing technical workstreams as it advances Europe’s largest spodumene lithium deposit toward production. The company aims to supply locally sourced lithium for Europe’s battery industry, targeting output sufficient for about 500,000 vehicle battery packs a year while prioritising responsible environmental and socio-economic practices.
The company reaffirmed that its Definitive Feasibility Study remains on track for completion in July, while tendering for a front-end engineering design contractor is well advanced and geotechnical fieldwork is underway on newly accessible land. Savannah has accelerated detailed engineering for water infrastructure to strengthen its environmental licence submission, now expected in the fourth quarter of 2026 with a regulator decision anticipated by late February 2027, and marked a milestone in the project’s build phase with the purchase of its first capital equipment, a transformer, as it maintains a 2028 start date for first production.
The most recent analyst rating on (GB:SAV) stock is a Buy with a £11.00 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 SAV Stock
According to Spark, TipRanks’ AI Analyst, SAV is a Neutral.
The score is held down primarily by weak financial performance—zero revenue, ongoing losses, and continued cash burn—despite the benefit of very low leverage and a sizeable equity base. Technicals are supportive of an uptrend, but extremely overbought readings increase near-term risk. Valuation is also constrained by negative earnings and no dividend yield data.
To see Spark’s full report on SAV stock, click here.
More about Savannah Resources
Savannah Resources is a mineral resource development company listed on London’s AIM market and the sole owner of the Barroso Lithium Project in northern Portugal. The project is Europe’s largest battery-grade spodumene lithium resource and is designated a Strategic Project under the EU Critical Raw Materials Act, with approval for a Portuguese state development grant of up to €110 million to support its role in Europe’s lithium battery supply chain.
Average Trading Volume: 5,911,138
Technical Sentiment Signal: Buy
Current Market Cap: £177.6M
For an in-depth examination of SAV stock, go to TipRanks’ Overview page.