The milestone of the 100th plot of land purchased from local landowners is symbolic of the ongoing collaboration between the local community and Savannah. The evaluation work continues taking place on the ground, bringing the project closer to its expected start of production in 2026.

Savannah remains committed to working closely with the local communities, continuing conversations in view of future purchases of more plots of land and exploring all opportunities for sharing of the project ́s benefits with its local stakeholders.

Works on the ground continue on a daily basis. This includes drilling for the Definitive Feasibility Study, which is expected to be completed by the end of the year, and a series of monitoring programmes for the compliance phase of the project’s environmental licencing process.

Savannah also reports that the District Court of Vila Real dismissed a request made by the Management Commission of the Covas do Barroso Baldios (the ‘Baldios Commission’) for Savannah to suspend its work on disputed land packages during the duration of the court procedures. This decision is part of the ongoing civil action brought by the Baldios Commission against certain private landowners in respect of land packages which they sold to Savannah.

The Barroso Lithium Project contains the most significant spodumene lithium resource in Western Europe. Following a positive Scoping Study which outlined a conventional mine and concentrator operation, Savannah has been progressing with the development and licencing of the Project. A Definitive Feasibility Study is underway, and Portugal’s environmental regulator is evaluating Savannah’s Environmental Impact Assessment study on the Project.

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