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Savannah Resources receives positive environmental impact statement from regulator

Kitco News

Savannah Resources (AIM: SAV) said today that it received a positive declaration of environmental impact from the Agência Portuguesa do Ambiente for Savannah's wholly-owned Barroso Lithium Project in northern Portugal.

The company said it can now progress to the next stage of the environmental licencing process and the outstanding work required to complete the definitive feasibility study on the project can recommence.

Dale Ferguson, CEO of Savannah outlined the conditions needed to move forward.

"These conditions include obtaining conditional approval to construct the proposed bypass road to join to the A24 motorway and limiting the removal of vegetation from the project area to certain months of the year," said Ferguson. "Others, such as not taking water from the Covas River and backfilling or partially backfilling and relandscaping the mining areas once ore extraction has ceased, mirror plans and commitments the Company has already made in its submissions to APA, our community engagement programme and decarbonisation targets."

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