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Savannah Resources raise £2.3mln to support 'green transport revolution in Europe'

Savannah Resources PLC's (LON:SAV) David Archer talks to Proactive London after raising £2.3m in a placing from both existing and new shareholders.

The money raised will be put towards the Mina do Barroso project in Portugal as well as their Mutamba Mineral sands joint venture in Mozambique.

Archer believes there will be 'enormous demand' for Lithium in Europe and that they are in the driving seat to take advantage of these opportunities.

Quick facts: Savannah Resources PLC

Price: 2.66 GBX

AIM:SAV
Market: AIM
Market Cap: £38.06 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