leadf
logo-loader
viewSavannah Resources PLC

Savannah Resources' Mina do Barroso project to add €437mln to Portugal's gross domestic product

Savannah Resources PLC's (LON:SAV) David Archer says a report has found that its Mina do Barroso lithium project could contribute nearly €1.2bn to the gross output of Portugal. The Socio Economic Impact Report suggests the project will boost Portugal's annual export revenue from metal ores by 20% with its projected €110mln per year of lithium sales. It is expected that the mine will generate up to 2,800 direct and indirect jobs during the construction phase and nearly 1,500 during the operational phase.

Quick facts: Savannah Resources PLC

Price: 2.6 GBX

AIM:SAV
Market: AIM
Market Cap: £37.21 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Savannah Resources PLC named herein, including the promotion by the Company of Savannah Resources PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

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