Savannah Resources Advances Lithium Project Amidst Challenges

Savannah Resources (GB:SAV) has released an update.

Savannah Resources PLC has announced an update on its Barroso Lithium Project, highlighting a strategic partnership with AMG Critical Materials, resulting in a GBP 16 million investment and various agreements aimed at advancing the project. Despite a 27% increase in losses and a delay caused by government changes, the company has made significant progress on its Definitive Feasibility Study and stakeholder engagement, with plans to resume fieldwork and continue towards a final investment decision backed by a strong cash position.

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