Savannah Resources ( (GB:SAV) ) has issued an update.
Savannah Resources has made significant progress on its Barroso Lithium Project, which has been classified as a ‘Strategic Project’ by the European Commission, providing it with coordinated support and streamlined permitting. The company is advancing its Definitive Feasibility Study with ongoing drilling, environmental licensing, and infrastructure development, aiming to finalize the study and submit for the final phase of the Environmental Licence by the end of the year. This progress underscores the project’s strategic importance and potential impact on the European lithium market.
More about Savannah Resources
Savannah Resources Plc is a company focused on developing the Barroso Lithium Project in Portugal, which is recognized as one of Europe’s largest spodumene lithium deposits. The project is considered a ‘Strategic Project’ by the European Commission under the Critical Raw Materials Act, positioning it as a key asset in Europe’s lithium battery value chain.
YTD Price Performance: 18.39%
Average Trading Volume: 3,385,535
Technical Sentiment Signal: Strong Sell
Current Market Cap: £107.3M
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