The Barroso Lithium Project contains the most significant spodumene lithium resource in Europe.
Following a positive Scoping Study that outlined a conventional mine and concentrator operation, Savannah has been progressing with the project's development and licencing. A Definitive Feasibility Study is underway, and the environmental regulator issued a positive Environmental Impact Statement (‘DIA’) on Savannah’s revised design and optimisation for the Barroso Lithium Project on 31 May 2023.
Responsibly developing and operating the Barroso Lithium Project will establish Savannah, and Portugal, as an integral part of Europe’s rapidly growing lithium battery value chain which is being established to support Europe’s energy transition as it moves towards its goal of carbon neutrality by 2050. The Project will produce enough lithium each year for approximately 0.5 million electric vehicle battery packs.
Savannah maintains an active growth strategy and will look to acquire and develop other projects that add value to the Company and complement the Barroso Lithium Project.
The Company is listed and regulated on the London Stock Exchange’s Alternative Investment Market (AIM). The Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB:SAV) and the Börse Stuttgart (SWB: SAV).
Lithium development company
LSE listed lithium development company with headquarters in London
Incorporated in 2010 and acquired its flagship asset, the Barroso Lithium Project in 2017 (100% ownership) to become a key player in Europe's new lithium value chain
Largest conventional lithium project in europe
The largest European hard rock spodumene lithium resource with 28Mt @ 1.05% Li2O plus further mineral resource potential
Committed to long term, responsible, lithium raw material production
ESG focused
Committed to moving towards net zero life-of-mine Scope 1 & 2 emissions, and targeting the reduction of its Scope 3 emissions
Committed to sharing the social and economic benefits of its projects with stakeholders
Committed to high standards of Governance in everything we do
USD236M
Capital Expenditure
191KTPA
AVG Annual Spodumene Production
USD292/T
LOM C1 Cash Cost FOB Portugal
USD953M
NPV8% Post Tax
77.3%
IRR Post Tax
1.3Years
Post Tax Pay Back
What makes us unique
Savannah owns one of the most significant lithium raw material assets within the European Union. By responsibly producing lithium raw material, Savannah will actively support the creation of a new lithium value chain in Portugal and the rest of Europe and help the bloc with its energy transition strategy.
Our purpose
Responsibly enabling Europe’s electric power revolution.
Our vision
To facilitate Europe’s transition to sustainable power.
Our mission
To be the supplier of choice for Europe’s lithium. As a just and responsible carbon-neutral operator, we will elevate perceptions of our industry.