Skip to content

Savannah Seeks Strategic Partners for Barroso Lithium Project

This image is randomly selected and doesn’t necessarily represent the company or the news below.

Savannah (SAVNF) initiated a search for strategic partners for the Barroso project in July. The company invited proposals detailing how potential partners could contribute to mine development in a long-term commercial relationship.

Savannah’s Announcement

Savannah announced on Monday that the project has garnered increased interest since receiving a positive environmental impact statement from the Portuguese Environment Agency (APA) in May.

CEO’s Statement

Emanuel Proença, the CEO, stated that they have received appealing draft proposals from various players in the lithium battery value chain and groups seeking exposure to this emerging industry.

Next Steps

The next step, Proença noted, is to evaluate the proposals to identify partners who can assist Savannah in securing financing and offer additional benefits to the company and its stakeholders.

Project Details

Savannah Resources, which secured a 75% interest in the Barroso lithium project in 2017, estimates the initial capital requirement at $236 million. The Barroso project, set to be western Europe’s largest spodumene lithium mine, will also produce a feldspar and quartz co-product for the ceramics industry.

Environmental Impact

Savannah plans to reduce the project’s direct emissions to zero and cut indirect emissions by 54% from the 2019 forecast, due to a potential decrease in the plant’s power requirement.

Production Forecast

Over its 14-year lifespan, Barroso is projected to process about 1.5 million tonnes a year, based on a resource of 20.5 million tonnes at 1.05% lithium oxide. The company anticipates producing 191,000 t/y of 5.5% spodumene, potentially supplying a significant portion of Europe’s lithium demand in the future.

Company Website:


The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

Click here for more Company News