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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 Jan 22, 2024 4:40am
139 Views
Post# 35838442

Savannah started second phase of drilling resources

Savannah started second phase of drilling resourcesCopied frpm Savannak's LinkedIn page: 

We are excited to announce that
hashtagSAV has already restarted its drilling and fieldwork programme for the Barroso Lithium Project, Europe's largest spodumene lithium deposit. With the hashtagEU's steadfast support for responsibly managed critical raw material projects like the hashtagBLP, we take pride in our role in contributing to the EU's 2030 climate objectives. The CRMA's benchmarks, emphasizing the strategic raw materials value chain and diversification of hashtagEU supplies, further highlight the significance of our project.

We now look forward to publishing the assay results from our drilling programme and updated resource estimations on a deposit by deposit basis hashtagWatchThisSpace.

2024 is stacking up to be another important year for hashtagSAV, during which we expect to complete our Definitive Feasibility Study, a major milestone for the hashtagBLP.

In addition the team in hashtagPortugal continues to work to conclude the compliance phase of the Environmental License and identifying strategic partners for the hashtagBLP. With an incredibly exciting year ahead, please stay tuned for further updates


https://www.linkedin.com/feed/update/urn:li:activity:7154143193972809728/

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