Western Europe's 'most significant spodumene lithium project' gets enviro permit
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(Kitco News) - Savannah Resources (AIM:SAV) said last week it received a positive environmental impact assessment for its Mina do Barroso lithium project in Portugal.
Savannah calls it Western Europe's most significant spodumene lithium project.
The company said about €110 million (US$132.35 million) would be spent developing the project.
The project is located in northern Portugal, about 145 km (90 miles) northeast of the City of Porto and the industrial port of Leixões.
Savannah took an initial 75% stake in the project in 2017. It is now a full owner.
The company has drilled 31,000 meters since obtaining the property showing a 27Mt mineral resource, including 15Mt in the measured and indicated categories.
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