trending Market Intelligence /marketintelligence/en/news-insights/trending/xlo-x1e4sPqnNeBv-6EmhQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Savannah Resources ups lithium resource at Portuguese project

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Mining M&A in 2020 — Deal activity bounces back in H2 after disrupted H1


Savannah Resources ups lithium resource at Portuguese project

Savannah Resources PLC has updated its total resource estimate at its flagship Mina do Barroso project in northern Portugal by 15% to 285,900 tonnes of lithium oxide contained in 27 million tonnes grading 1.06% lithium, it said May 31.

The estimate used a 0.5% lithium oxide cutoff grade.

The resource development company also upgraded its exploration target for Mina do Barroso to between 11 Mt and 19 Mt at 1.0% to 1.2% lithium oxide, giving a potential project mineral inventory range of 38 Mt to 47 Mt.

Savannah said it had established a maiden indicated and inferred resource for the Aldeia deposit at Mina do Barroso, standing at 3.5 Mt grading 1.3% lithium oxide, noting potential for further resource increases depending on more exploration work.

Savannah CEO David Archer said Mina do Barroso has the potential to supply 40% of the forecast lithium demand from Europe's automotive industry in 2025.