Savannah Resources (LSE:SAV) has reported further progress at its Barroso Lithium Project in Portugal, with advances in resource definition, project planning, and supporting infrastructure. Although delays in securing a second land easement have slightly extended the project’s timeline, the company remains confident in successful delivery, underpinned by strong community engagement and backing from Portugal’s Trade & Investment Agency.
Favorable market conditions, including rising lithium prices and stronger demand, are expected to enhance the project’s prospects and reinforce its strategic importance within the sector.
About Savannah Resources
Savannah Resources Plc is focused on developing the Barroso Lithium Project in Portugal, home to Europe’s largest spodumene lithium deposit. Recognized as a “Strategic Project” under the European Commission’s Critical Raw Materials Act, Barroso is set to play a central role in Europe’s lithium battery supply chain.
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