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Pin to quick picksSavannah Resources Share News (SAV)

Share Price Information for Savannah Resources (SAV)

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Share Price: 3.35
Bid: 3.30
Ask: 3.40
Change: -0.05 (-1.49%)
Spread: 0.10 (3.03%)
Open: 3.35
High: 3.40
Low: 3.30
Prev. Close: 3.35
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Savannah begins working with Portuguese study partners

Tue, 18th Dec 2018 16:26

(Sharecast News) - Resource development company Savannah Resources announced on Tuesday that it was now working with the Laboratorio Nacional de Energia e Geologia (LNEG) and Faculty of Sciences from the University of Porto, and had 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 the Mina do Barroso Project (MdB) in Portugal.The AIM-traded firm said it had agreed a 'protocol of cooperation' with the two partners, which formalised the working relationship and built upon the fieldwork which had been carried out to date.It described LNEG as a government research and development institute geared towards meeting "the needs of society and companies", which had significant experience in lithium processing technologies.The Faculty of Sciences of the University of Porto, on the other hand, was established in 1911 and had maintained a "unique position" in providing quality training in exact sciences, natural sciences and mathematics, according to Savannah's board.It said the cooperation was illustrative of the "high calibre" lithium technical grouping it was is establishing in Portugal."We were delighted to enter into this agreement with these two prestigious organisations within Portugal," said Savannah Resources technical director Dale Ferguson."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 30 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."
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