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Savannah Resources Ord Shs SAVNF

Savannah Resources Plc is a lithium development company. The Company is focused on developing the Barroso Lithium Project in Portugal, Europe's spodumene lithium deposit. The Barroso Lithium Project contains significant spodumene lithium resources in Western Europe, consisting of five deposits, including Grandao, Reservatorio, Pinheiro, NOA and Aldeia. The Barroso Lithium Project is located in northern Portugal near the town of Boticas and around 145 kilometers (km) by road from the deep-water port of Leixoes near the city of Porto. The Barroso Lithium project covers an area of 8.36 square kilometers (km2) in the Barroso hills of northeast Portugal and consists of the C-100 Mining Lease (5.42km2) and an adjacent, three block, mining lease application area (2.94 km2). It owns significant lithium raw material assets within the European Union. By responsibly producing lithium raw material, it actively supports the creation of a new lithium value chain in Portugal and the rest of Europe.


OTCPK:SAVNF - Post by User

Post by ScandiumPoweron Sep 29, 2023 3:18am
142 Views
Post# 35660975

Interim Results H1 2023 - Next steps

Interim Results H1 2023 - Next steps
Next steps/future news flow:
• Cash balance of £11.4m (July 2023) and expanding team provides capacity to move the Project towards a final investment decision
Environmental licencing and DFS related work to continue (with regular updates provided) and be completed in H2 2024
• Continuation of orderly process to identify a shortlist of potential strategic partners
• Continue to secure the land or access to the land needed for the Project, which we hope to do via negotiation and agreement with relevant parties
• Wider stakeholder engagement programme to continue, focused on reaching mutually beneficial resolution on tailoring the Project’s Benefit Sharing Plan to meet the area’s specific needs
• Continue efforts to have more of the Project’s value reflected in the Company’s share price through achievement of milestones and ongoing investor marketing
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