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Savannah Resources Resumes Fieldwork at Barroso Lithium Project

Story Highlights
  • Savannah Resources resumes fieldwork at Barroso Lithium Project after legal resolution.
  • Portuguese State decision allows Savannah to progress on drilling and licensing efforts.
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Savannah Resources Resumes Fieldwork at Barroso Lithium Project

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Savannah Resources ( (GB:SAV) ) just unveiled an update.

Savannah Resources has announced the resumption of fieldwork at its Barroso Lithium Project in Portugal following a favorable response from the Portuguese State to a legal challenge by local landowners. This decision enables Savannah to proceed with its drilling campaign and continue its work towards the project’s Definitive Feasibility Study and environmental licensing, which are crucial for its operations and contribution to Europe’s energy transition.

More about Savannah Resources

Savannah Resources is a mineral resource development company, primarily involved in the Barroso Lithium Project in northern Portugal. It is the largest battery-grade spodumene lithium resource in Europe, aimed at supporting Europe’s lithium battery value chain and the European Commission’s Critical Raw Material Act goal. The company is listed on the London Stock Exchange’s Alternative Investment Market (AIM) under the ticker ‘SAV’.

YTD Price Performance: 1.15%

Average Trading Volume: 2,470,548

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £93.43M

See more data about SAV stock on TipRanks’ Stock Analysis page.

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