Savannah Resources PLC: Cooperation Agreement signed with University of Porto andLaboratorio Nacional de Energia e Geologia, Mina do Barroso Lithium Project, Portugal
20.12.2018 | DGAP
Highlights:- Savannah has agreed "The Protocol of Cooperation" (Protoclo de Cooperação) with the Partners ('the Agreement') which formalises the working relationship and builds upon the fieldwork which has been carried out to date
- LNEG is a Governmental Research and Development ('R&D') institution geared towards meeting the needs of society and companies and has significant experience in the lithium processing technologies
- The Faculty of Sciences of the University of Portowas established in 1911 and has maintained its unique position in providing quality training in Exact Sciences, Natural Sciences and Mathematics
- This co-operation is illustrative of the high calibre lithium technical grouping Savannah is establishing in Portugal
Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah') or the 'Company'), the AIM quoted resource development company, which is focused on becoming Europe's most significant producer of lithium spodumene concentrates from its Portuguese Mina do Barroso Project ('Mina do Barroso' 'MdB' or 'the Project'), is pleased to announce it is working with the Laboratorio Nacional de Energia e Geologia ('LNEG') and Faculty of Sciences from the University of Porto ('the Partners') and to date has concluded a preliminary mineralogy study and a first draft processing flowsheet for the treatment, recovery and concentration of spodumene from samples of Grandao and NOA deposits at MdB.
Savannah's Technical Director, Dale Ferguson said: "We were delighted to enter into this Agreement with these two prestigious organisations within Portugal. Both have strong track records, including that Professor Noronha of the University of Porto discovered the presence of lithium in Portugal at the Grandao location around thirty years ago. This Agreement formalises the work that has been undertaken to date and we believe notable benefits so far have been achieved for the Project such as the noteworthy metallurgical outcomes that have been attained.
"ThePortuguese Government supports the development of the lithium industry in Portugal as evidenced by the recent Government approval in the Council of Ministers of the 'strategic guidelines for the valorisation of the potential of lithium minerals in Portugal'".
Please click on the following link to the complete press release: http://www.savannahresources.com/cms/wp-content/uploads/2018/12/Cooperation-Agreement-signed-with-University-of-Porto-in-the-advancement-of-the-Mina-do-Barroso-Lithium-Project-.pdf
For further information please visit www.savannahresources.comor contact:
David Archer (CEO) Savannah Resources plc Tel: +44 20 7117 2489
David Hignell / Dugald J. Carlean (Nominated Adviser) Northland Capital Partners Ltd Tel: +44 20 3861 6625
Christopher Raggett / Camille Gochez (Broker) finnCap Ltd Tel: +44 20 7220 0500
Grant Barker (Equity Adviser) Whitman Howard Tel: +44 020 7659 1225
Charlotte Page / Lottie Wadham (Financial PR) St Brides Partners Ltd Tel: +44 20 7236 1177
About Savannah
Savannah is 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. The Board is committed to serving the interests of its shareholders and to delivering outcomes that will improve the lives of our staff and the communities we work with.
The Company is listed and regulated on AIM and the Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB) under the symbol FWB: SAV, and the Börse Stuttgart (SWB) under the ticker "SAV".