2023/24 Drilling Programme Underway at the Barroso Lithium Project
Savannah Resources Plc, the European lithium development company, is pleased to announce that its 2023/24 drilling programme at the Barroso Lithium Project (the ‘Project’) is now underway.
Highlights:
The two phase drilling programme encapsulates all the resource, reserve, hydrogeological (water
bores) and geotechnical related drilling required for the Project’s Definite Feasibility Study (‘DFS’)
The first phase of the programme is expected to take approximately 2 months, with 60 holes to
be drilled from 49 drill pads, totalling approximately 3,235m
Phase 2 of the programme will be further defined following the receipt and analysis of the results
of the first phase of work, but is expected to take around 6 months and include c. 10,200m of
drilling from approximately 166 holes located on 75 drill pads
Data from the programme will be used to upgrade significant portions of the 21.4Mt of Indicated
and Inferred resources, which feature in the Project’s overall existing 28Mt at 1.05% Li2O JORC
(2012) Compliant spodumene resource
The upgraded resources will then provide the basis for the Project’s first JORC reserve estimate
Savannah expects to complete the DFS in the second half of 2024 and will provide regular news
flow from its DFS-related field programme, including assay results from the drilling, over the
coming months.