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Savannah Resources ( (GB:SAV) ) has shared an announcement.
Savannah Resources has announced a significant 40% increase in the JORC-compliant resource at its Barroso Lithium Project, raising the total to over 39 million tonnes. This expansion enhances the project’s strategic importance, potentially extending its production life and increasing its socio-economic benefits for stakeholders, including the local region, the Portuguese economy, and Savannah’s shareholders. The new exploration target suggests further potential growth, reinforcing the project’s position as Europe’s largest spodumene lithium resource and offering opportunities to further boost Portugal’s emerging lithium industry.
More about Savannah Resources
Savannah Resources Plc is a company focused on developing the Barroso Lithium Project in Portugal. The company operates within the mining industry, specifically targeting lithium production, which is a critical component for Europe’s battery value chain.
Average Trading Volume: 2,161,639
Technical Sentiment Signal: Strong Buy
Current Market Cap: £103.9M
For a thorough assessment of SAV stock, go to TipRanks’ Stock Analysis page.