Savannah Resources Reports Promising Lithium Drilling Results at Barroso Project

Savannah Resources ( (GB:SAV) ) has provided an announcement.

Savannah Resources has announced significant progress in its Phase 2 drilling program at the Barroso Lithium Project, with promising assay results indicating higher-grade lithium mineralization at the Pinheiro and Reservatório deposits. The drilling results are expected to enhance the confidence level of JORC Resource estimates, potentially improving the project’s economics by increasing the average grade and size of the orebody, which could positively impact operating costs and cash flow in the initial years of production.

More about Savannah Resources

Savannah Resources Plc is a company involved in the mining industry, focusing on the development of the Barroso Lithium Project in Portugal. This project is recognized as a ‘Strategic Project’ under the European Critical Raw Materials Act and is noted for being Europe’s largest spodumene lithium deposit.

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Current Market Cap: £105.4M

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