Savannah Resources PLC Scoping Study Underway at Mina do Barroso (1340G)
28 February 2018 - 6:00PM
UK Regulatory
TIDMSAV
RNS Number : 1340G
Savannah Resources PLC
28 February 2018
28 February 2018
Savannah Resources Plc
Scoping Study Underway into the Potential for a Mine
Development
Mina do Barroso Lithium Project, Portugal
Savannah Resources plc (AIM: SAV and SWB: SAV) ('Savannah' or
the 'Company'), the AIM quoted resource development company, is
pleased to announce that it has appointed internationally
recognised Hatch to conduct a Scoping Study of a potential mine
development of the Mina do Barroso Lithium Project ('Mina do
Barroso' or the 'Project'), located in Portugal (the "Scoping
Study").
HIGHLIGHTS:
-- Hatch, the internationally recognised engineering group, has
been appointed to conduct the Scoping Study for the potential
development of a lithium mine at Mina do Barroso;
-- The Scoping Study will investigate a potential mining and
concentration plant development based on the Grandao, Reservatorio
and NOA spodumene deposits; and
-- Results of the Scoping Study are expected to be available towards the end of Q2 2018.
Savannah's CEO, David Archer said: "We are delighted to have
partnered with Hatch. They have a wealth of experience in much of
the lithium value chain and have specific and very relevant
knowledge of spodumene deposit developments, like that proposed for
Mina do Barroso. We expect the Scoping Study to be the precursor to
the launch of a Definitive Feasibility Study later this year."
Scope of Work
The Scoping Study will investigate the potential for a mine
development at Mina do Barroso and will include the following
areas: project setting, geology and resource description, mining,
processing, infrastructure, market review, cost estimates, human
resources, environmental, social aspects, project risk review and
project development schedule.
About Hatch
Hatch is an internationally recognised supplier of engineering,
project and construction, business consulting and operational
services to the mining, metallurgical, energy and infrastructure
industries. Hatch has a global network of 9,000 professionals and
their corporate roots extend back more than a hundred years, and
experience spans over 150 countries around the world in the metals,
energy, infrastructure, digital, and investments market
sectors.
Hatch have extensive experience in the lithium market space with
design and construction of both concentrators and downstream
processing. Hatch and their highly experienced technical team have
been involved in a significant number of recent lithium projects at
all levels including Lithium Korea, Desert Lion Energy, Nemaska,
North American Lithium, Prospect Resources, Novo Litio and many
more.
Regulatory Information
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
**ENDS**
For further information please visit www.savannahresources.com
or contact:
David Archer Savannah Resources Tel: +44 20
plc 7117 2489
David Hignell / Dugald Northland Capital Tel: +44 20
J. Carlean (Nominated Partners Ltd 3861 6625
Adviser)
Christopher Raggett finnCap Ltd Tel: +44 20
/ Emily Morris (Joint 7220 0500
Broker)
Jon Belliss Beaufort Securities Tel: +44 20
(Joint Broker) Ltd 7382 8300
Charlotte Page / St Brides Partners Tel: +44 20
Lottie Wadham Ltd 7236 1177
(Financial PR)
About Savannah
We are a diversified resources group (AIM: SAV) with a portfolio
of energy metals projects - lithium in Portugal and copper in Oman
- together with the world-class Mutamba Heavy Mineral Sands Project
in Mozambique, which is being developed in a consortium with the
global major Rio Tinto. We are committed to serving the interests
of our shareholders and to delivering outcomes that will improve
the lives of our staff and the communities we work with.
The group is listed and regulated on AIM and the Company's
ordinary shares are also available on the Börse Stuttgart (SWB)
under the ticker "SAV".
This information is provided by RNS
The company news service from the London Stock Exchange
END
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