Savannah Resources (LSE:SAV) has completed the resource-focused portion of its Phase 2 drilling program at the Barroso Lithium Project in Portugal, with the latest assay results delivering encouraging outcomes. The company plans to release an updated JORC-compliant resource estimate in September, which is expected to both expand and upgrade the current resource base. This update will play a key role in advancing the project’s Definitive Feasibility Study and in securing future financing.
The Phase 2 results point to the possibility of higher tonnage at the Pinheiro and Reservatório deposits, while also confirming the continuation of lithium mineralization at greater depths. These findings underline the long-term growth potential of the Barroso Project, which is already regarded as a cornerstone development for Europe’s lithium supply chain.
About Savannah Resources Plc
Savannah Resources is dedicated to the advancement of the Barroso Lithium Project in northern Portugal, recognized as a “Strategic Project” under the European Critical Raw Materials Act. The site represents Europe’s largest known spodumene lithium deposit, positioning Savannah as a key player in the region’s drive for secure and sustainable raw material supply.
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