Savannah Resources Ord Shs SAVNF

Metals & Mining Industrial Metals & Minerals

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.

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Savannah Resources Ord Shs

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Post by ScandiumPoweron May 20, 2024 9:24am

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SAV's Lithium Spodumene Concentrate supply is well needed.

EU's Lithium Mine supply looks inadequate to meet demand

Fastmarkets forecasts European mine supply to reach 135 kt LCE by 2030 but expects EV demand to reach 380 kt LCE in the same year, a shortfall of approximately 245 kt LCE.

https://www.fastmarkets.com/insights/will-europe-have-enough-lithium-to-meet-demand/

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