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Savannah Resources ( (GB:SAV) ) has issued an update.
Savannah Resources has updated the development timetable for its Barroso Lithium Project in Portugal, targeting completion of its Definitive Feasibility Study and environmental licence compliance process in July 2026. The company says sufficient technical work has been completed to allow these studies to proceed without further field data, with additional information to be incorporated into later engineering phases.
Savannah expects to secure a final environmental licence in the third quarter of 2026 and reach a final investment decision by year-end, while reiterating guidance for commissioning and first production in 2028, subject to financing and remaining approvals. The company has also begun tendering for Front-End Engineering Design work, positioning the project to advance towards construction and eventual supply of lithium for Europe’s electric-vehicle battery market.
The most recent analyst rating on (GB:SAV) stock is a Buy with a £11.00 price target. To see the full list of analyst forecasts on Savannah Resources stock, see the GB:SAV Stock Forecast page.
Spark’s Take on SAV Stock
According to Spark, TipRanks’ AI Analyst, SAV is a Neutral.
The score is held down primarily by weak financial performance (pre-revenue, recurring losses, and elevated cash burn with negative operating and free cash flow). Technicals provide a partial offset due to strong momentum and price strength versus key moving averages, though overbought RSI adds risk. Valuation contributes little support because the negative P/E reflects ongoing losses and no dividend yield is available.
To see Spark’s full report on SAV stock, click here.
More about Savannah Resources
Savannah Resources is a mineral resource development company and sole owner of the Barroso Lithium Project in northern Portugal, considered Europe’s largest battery-grade spodumene lithium resource. Classified as a Strategic Project under the EU Critical Raw Materials Act and backed by a Portuguese state development grant of up to €110m, it aims to supply locally sourced lithium to Europe’s battery value chain.
Average Trading Volume: 6,537,994
Technical Sentiment Signal: Strong Buy
Current Market Cap: £121M
For detailed information about SAV stock, go to TipRanks’ Stock Analysis page.