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Savannah Resources (SAVNF) has announced the commencement of its 2023/24 drilling programme at the Barroso lithium project in Portugal.
The two-phase drilling programme includes all the resource, reserve, hydrogeological, and geotechnical related drilling required for the project’s definite feasibility study. The first phase, expected to last two months, involves drilling 60 holes from 49 drill pads, totalling 3,235 metres.
The second phase will be defined after analyzing the first phase’s results. It is expected to take around six months and include approximately 10,200 metres of drilling from 166 holes located on 75 drill pads.
Savannah Resources CEO Emanuel Proenca stated that the data from the programme will be used to upgrade significant portions of the 21.4 megatonnes of indicated and inferred resources, which feature in the project’s overall existing 28 megatonnes of spodumene resource at a grade of 1.05% lithium oxide.
The upgraded resources will form the basis for the project’s first JORC reserve estimate. The company expects to complete the Barroso project’s definite feasibility study in the second half of 2024 and will provide regular updates on the drilling campaign and other work streams over the coming months.
Company Website: https://www.savannahresources.com
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