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Savannah Resources to take full ownership of Mina do Barroso Lithium project

Savannah Resources PLC's (LON:SAV) chief executive David Archer tells Proactive London's Andrew Scott they're to take 100% control of their flagship asset, the Mina do Barroso Lithium project in Portugal.

The 25% that Savannah doesn’t already own is to be acquired from minority shareholders in an all-share transaction valued at approximately US$11.9mln.

Quick facts: Savannah Resources PLC

Price: 2.396 GBX

AIM:SAV
Market: AIM
Market Cap: £31.09 m
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Savannah Resources’ Grandao lithium deposit ‘continues to grow’

David Archer, chief executive of Savannah Resources Plc (LON:SAV), tells Proactive Investors they're seeing continued encouraging results from their ongoing reverse circulation and diamond drill programme at the Mina do Barroso project in Portugal. He says they've identified 'significant...

on 26/7/18

2 min read