Savannah Resources focused on two key assets in critical commodities

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  • Savannah Resources says well placed to continue work at Mina do Barroso lithium project
  • Savannah Resources set for significant role in Europe’s green revolution
  • Savannah Resources’ Mina do Barroso lithium project is right commodity at right time, says broker
  • Savannah Resources’ create cluster with industry heavyweights to maximize Portugal’s potential
Mina do Barroso

Quick facts: Savannah Resources PLC

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Savannah Resources Plc is a multi-commodity mineral resource development company focused on building cash generative and profitable mining operations.

The company operates a strategic portfolio of assets, spanning near term production potential and longer term development opportunities.

22 Sep 2021

(, , , ), a lithium development company, said it is well placed to press ahead with its work at Mina do Barroso in Portugal and has sufficient capital to meet its ongoing commitments in Mozambique.

Its cash balance stood at GBP9.7mln at the end of June, helped by an oversubscribed placing in April, the company said alongside its interim results.

Its total attributable losses narrowed to GBP1.2mln for the six months to end June, from GBP6.0mln in the year-earlier period when it took a non-cash write-down of GBP5.5mln associated with a project divestment in Oman.

Savannah said it expects to receive news on the review process for the Mina do Barroso Environmental Impact Assessment (EIA) in the final quarter of 2021. The Portuguese environmental regulator extended the public consultation phase of the review from June 2 to July 16 and is now reviewing the submissions received.

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30 Jun 2021

‘s () chairman said the company is in a “strong operational and financial position moving into the second half of 2021” and is “ideally placed to take advantage” of the evolution of the electric vehicle (EV) and lithium markets.

In a statement to be delivered at the AIM-listed firm’s AGM later today, chairman Matthew King said improving market trends established in the second half of 2020 have “continued strongly throughout [the first half of 2021” and that a race to secure lithium supply is “well and truly underway”.

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23 Jun 2021

() said it joined the newly created Portuguese Association for the Battery Cluster (BATPower) as a founding member and has been elected to its board.

The association, also known as ‘The Cluster’, has been created to maximize Portugal’s potential across the battery value chain and complement its strategically important lithium resources and its focus on becoming a European leader of lithium production.

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11 Feb 2021

() has been a multi-asset company since inception, but one of the major highlights in the portfolio for investors has long been the Mina do Barroso lithium project in Portugal.

This project has several things going for it, not the least of which is that it’s a long way down the track towards a development decision.

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23 Jun 2021

‘s () David Archer joins Proactive London’s Katie Pilbeam to discuss the newly created Portuguese Association for the Battery Cluster (BATPower) which his firm is now a founding member.

The Cluster has been created to maximize Portugal’s potential across the battery value chain and complement its strategically important lithium resources and its focus on becoming a European leader of lithium production.

The renewable energy company, DST Solar, will assume the Presidency with other founding members including the integrated energy company, Galp, electrical equipment manufacturer, Efacec, technology and services group, Bosch and Prio, the owner of the largest private EV charging network in Portugal.

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Savannah Resources: ‘Europe’s Leading Conventional Lithium Project’

Savannah Resources PLC (LON:SAV) David Archer, Chief Executive Officer presents this June 2021 corporate presentation.

Savannah Resources PLC is a multi-commodity mineral resource development company focused on building cash generative and profitable mining operations.

The company operates…

on 30/6/21

3 min read

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