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Savannah Resources Plc
Summary
| Project: | Mina do Barroso | |
|---|---|---|
| Deposit: | Mina do Barroso | |
| Location: | Portugal | |
| Commodities: | Lithium-Iron | |
| Date: | 4/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-4-2019: Savannah Resources Plc announces a Resource Estimation report for its Mina do Barroso deposit at the Mina do Barroso project. Updated mineral resource estimate at the project. Savannah Resources plc (AIM: SAV, FWB: AFM and SWB: SAV) ('Savannah' | |
| Resources: | (Resource, Total): 23.5Mt @ 1.02% Li2O, 0.8% Fe2O3 | |
| CP/QP: | [Resources]: Paul Payne (Payne Geological Services) | |
| ABSTRACT: | Savannah Resources plc (AIM: SAV, FWB: AFM and SWB: SAV) ('Savannah' or 'the Company'), the resource development company, is pleased to announce a significant increase in the JORC 2012 Compliant Measured, Indicated and Inferred Mineral Resource Estimate, with supporting Exploration Target at the Company's flagship asset, the Mina do Barroso Lithium Project ('Mina do Barroso' or the 'Project'), located in northern Portugal (Figure 1 and Table 1-2). Savannah's CEO, David Archer said: "This is the fourth major increase in the Mina do Barroso Mineral Resource and it has been achieved in less than 14 months. The increasing Mineral Resource highlights the continued growth potential for the Project which is underscored by the Exploration Target remaining unchanged. With a potential mining inventory of over 30Mt, we have a long-life asset that can become a secure, long term supply source of lithium which is a strategic metal for the burgeoning battery and Electric Vehicle industries of Europe. | |
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