Savannah is a risky business. But, if the Environmental Permission is granted, this share will certainly skyrocket! IMO
Savannah Resources also said that Portugal’s environmental regulator, Agncia Portuguesa do Ambiente (APA), has decided that Mina de Barroso’s Environmental Impact Assessment (EIA) process should continue under Article 16. This is an intermediate and optional step in the EIA evaluation process, after which APA will make its final Declaration of Environmental Impact (DIA) decision.
Savannah has up to six months to work with APA on certain aspects of the project’s design and associated environment, ecology and socio-economic considerations, based partly on feedback from stakeholders. It would then re-submit the study for consideration.
Interim CEO Dale Ferguson said the additional step in the licensing would add to the overall development schedule, but within a clearly-defined timeline
“Savannah’s team will make its best endeavours to submit any revised plans to APA as soon as practicable, but under the legislation, a DIA decision would be reached no later than March 2023,” Ferguson noted https://www.mining.com/savannah-resources-shares-hammered-as-portugal-lithium-project-subject-to-further-eia-step/