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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 Apr 09, 2024 3:44am
95 Views
Post# 35978232

Savannah: Update on Key Project Workstreams

Savannah: Update on Key Project Workstreams
Main points:

Land acquisition:
• With the recent purchase of three additional plots, Savannah has now reached the milestone of 100 plots purchased for the Project from local landowners.
• In the ongoing civil action brought by the Management Commission of the Covas do Barroso Baldios (the 'Baldios Commission') against certain private landowners in respect of land packages which they sold to Savannah, the court dismissed the request made by the Baldios Commission for Savannah to suspend its work on the land packages concerned while the case continues.
Definitive Feasibility Study (‘DFS’):
• Drilling: As of 4 April, Savannah has completed a total of 5,508m of reverse circulation and diamond drilling across 60 holes in the first of the two phases planned in the current programme. Processing and assaying of the diamond core continues and further results will be released in due course, once received.
• Resource updates: The Company expects to publish the first of its new JORC Resource estimates, on the NOA orebody, later this month.
• Process Plant: Work on the preliminary layout of the plant is nearing completion, with work continuing on the filter pad and grinding/Dense Media Separation areas. Detailed layout development has advanced in most areas.
• Topography: A LiDAR (light detection and ranging) survey has been initiated to produce a detailed 3D terrain model to aid in final infrastructure planning.
 
Environmental Licencing:
• Environmental: Further baseline surveying for the RECAPE phase of the licencing process has been completed. This includes permeability/infiltration tests on the Lameiro areas (pastures), noise and water levels and quality monitoring.
• Biodiversity: The annual monitoring report on the Iberian Wolf population was completed. This again concluded that no wolf packs were living on the Mining Lease area.
• Hydrology: Pump and falling head testing together with further water sampling is being completed at the new water bores to aid in the completion of an updated hydrology model.

https://www.savannahresources.com/investors/rns-feed/
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