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Savannah Resources Plc
Summary
| Project: | Mina do Barroso | |
|---|---|---|
| Deposit: | Mina do Barroso | |
| Location: | Portugal | |
| Commodities: | Lithium | |
| Date: | 2/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-2-2018: Savannah Resources Plc announces a Resource Estimation report for its Mina do Barroso deposit at the Mina do Barroso project. Revised JORC 2012 compliant Mineral Resource estimat increases inferred by 200%. Savannah Resources plc (AIM: SAV and | |
| Resources: | (Resource, Inf.): 9.1Mt @ 1.03% Li2O for 94.1Kt contained at Mina do Barroso | |
| CP/QP: | [Resources]: Paul Payne (Payne Geological Services) | |
| ABSTRACT: | Savannah Resources plc (AIM: SAV and SWB: SAV) (‘Savannah’ or the ‘Company’), the AIM quoted resource development company, is pleased to announce a revised JORC 2012- Compliant Inferred Mineral Resource Estimate and an initial Exploration Target for the Mina do Barroso Lithium Project (‘Mina do Barroso’ or the ‘Project’), located in northern Portugal (Figure 1) Savannah’s CEO, David Archer said: “The Mineral Resource Estimate defined from our 2017 drill programme supports our belief that Mina do Barroso is one of Europe’s most promising lithium projects. Whilst we are delighted with the results to-date, the Exploration Target underscores the potential to increase the aggregate Mineral Resource Estimate over the coming months, especially as we now have two drilling rigs on site. “This potential is matched by excellent first pass metallurgical test results with conventional processes, the spodumene dominant nature of the deposits, open-cut potential, access to excellent infrastructure including roads and ports, and the premier nature of the jurisdiction. “Looking ahead, we are progressing with more detailed, second pass metallurgical test work and hope to shortly commission a Scoping Study to lead into a Definitive Feasibility Study later this year. We believe that we are moving towards defining a project that will sustain one of Europe’s most significant, long-term, lithium mining operations.” | |
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