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Savannah Resources Plc
Summary
| Project: | Mina do Barroso | |
|---|---|---|
| Deposit: | Grandao | |
| Location: | Portugal | |
| Commodities: | Quartz-Feldspar | |
| Date: | 9/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-9-2019: Savannah Resources Plc announces a Resource Estimation report for its Grandao deposit at the Mina do Barroso project. Initial co-product mineral resource estimate for Grandao deposit. Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV) (‘S | |
| Resources: | (Resource, Total): 4.79Mt Quartz, 6.11Mt Feldspar | |
| CP/QP: | [Resources]: Paul Payne (Payne Geological Services) | |
| ABSTRACT: | Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV) (‘Savannah’ or ‘the Company’), the resource development company, is pleased to announce a Mineral Resource estimate for co-products (quartz and feldspar) from the spodumene bearing pegmatites at the Mina do Barroso Lithium Project (‘Mina do Barroso’ or the ‘Project’). The co-product Mineral Resource estimate is based on the same geological models used in the recent resource estimate for lithium of 27.0Mt @ 1.06% Li20 announced 31 May 2019. The resource estimate was completed by an independent consultant and is based on normative mineralogy assessments and is reported in accordance with the JORC code 2012 edition (Figure 1 and Table 1). David Archer, Savannah’s Chief Executive Officer said; “Savannah’s CEO, David Archer, said: “Today’s Mineral Resource Estimate for co-products is another important milestone achievement for Savannah and further enhances the commercial appeal and robustness of the Mina do Barroso Lithium Project, which is leading the way as Europe’s most immediate producer of high quality, lithium feedstocks and has the ability to anchor the fast growing battery and Electric Vehicle industries of the continent with a supply of this strategic battery metal. “The co-products will be produced in a region where quarrying of feldspar and quartz is a traditional industry supplying vibrant ceramic and glass industries locally, nationally and more widely in the EU. They will not only help our bottom line but will help to reduce the volumes of materials that will need to be emplaced as waste on site thereby reducing our environmental footprint and costs. Discussions are underway with potential offtake and JV partners to advance the co-product opportunity.” | |
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