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Savannah Resources ( (GB:SAV) ) has shared an announcement.
Savannah Resources has commenced the second phase of its Definitive Feasibility Study (DFS) drilling at the Barroso Lithium Project in Portugal. This phase involves 117 drillholes covering resource, metallurgical, and geotechnical drilling across three deposits, aiming to convert existing resources into higher categories and finalize technical designs. The project is expected to generate significant news flow and help solidify Savannah’s position in the European lithium market by contributing to the region’s lithium battery production goals.
More about Savannah Resources
Savannah Resources is a mineral resource development company and the sole owner of the Barroso Lithium Project in northern Portugal, which is Europe’s largest spodumene lithium deposit. The project aims to provide a significant supply of lithium raw material for Europe’s lithium battery value chain, with the potential to produce enough lithium for approximately half a million vehicle battery packs per year. Savannah is committed to responsible development and operation to maximize socio-economic benefits and minimize environmental impact.
YTD Price Performance: -3.45%
Average Trading Volume: 2,819,425
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £92.34M
For detailed information about SAV stock, go to TipRanks’ Stock Analysis page.
