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Savannah Resources ( (GB:SAV) ) just unveiled an update.
Savannah Resources Plc has made significant progress in the development of the Barroso Lithium Project, with advancements in the Definitive Feasibility Study and environmental licensing. The company has completed a substantial portion of its drilling program, revealing promising assay results that suggest potential increases in resource grade and tonnage, particularly at the Pinheiro and Reservatório orebodies. These developments could positively impact the project’s economics by reducing operating costs and enhancing cash flow in its initial years. Savannah is also focusing on securing land access, engaging with local stakeholders, and expanding its team to support ongoing project activities. The company anticipates generating significant news flow in the latter half of the year as it continues to progress towards key milestones.
More about Savannah Resources
Savannah Resources Plc is a company focused on the development of the Barroso Lithium Project in Portugal. It is recognized as one of the European Commission’s ‘Strategic Projects’ under the Critical Raw Materials Act and contains Europe’s largest spodumene lithium deposit. The company is working to integrate this project into Europe’s lithium battery value chain.
Average Trading Volume: 3,531,448
Technical Sentiment Signal: Sell
Current Market Cap: £80.39M
Learn more about SAV stock on TipRanks’ Stock Analysis page.