Savannah Resources PLC Cooperation Agreement with Porto University & LNEG (7445K)
December 18 2018 - 1:00AM
UK Regulatory
TIDMSAV
RNS Number : 7445K
Savannah Resources PLC
18 December 2018
18 December 2018
Savannah Resources Plc
Cooperation Agreement signed with University of Porto and
Laboratorio Nacional de Energia e Geologia, Mina do Barroso Lithium
Project, Portugal
Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV)
('Savannah') or the 'Company'), the AIM quoted resource development
company, which is focused on becoming Europe's most significant
producer of lithium spodumene concentrates from its Portuguese Mina
do Barroso Project ('Mina do Barroso' 'MdB' or 'the Project'), is
pleased to announce it is working with the Laboratorio Nacional de
Energia e Geologia ('LNEG') and Faculty of Sciences from the
University of Porto ('the Partners') and to date has concluded a
preliminary mineralogy study and a first draft processing flowsheet
for the treatment, recovery and concentration of spodumene from
samples of Grandao and NOA deposits at MdB.
To view the announcement with illustrative images, please use
the following link:
http://www.rns-pdf.londonstockexchange.com/rns/7445K_1-2018-12-17.pdf
Highlights:
-- Savannah has agreed "The Protocol of Cooperation" (Protoclo
de Cooperação) with the Partners ('the Agreement') which formalises
the working relationship and builds upon the fieldwork which has
been carried out to date
-- LNEG is a Governmental Research and Development ('R&D')
institution geared towards meeting the needs of society and
companies and has significant experience in the lithium processing
technologies
-- The Faculty of Sciences of the University of Porto was
established in 1911 and has maintained its unique position in
providing quality training in Exact Sciences, Natural Sciences and
Mathematics
-- This co-operation is illustrative of the high calibre lithium
technical grouping Savannah is establishing in Portugal
Savannah's Technical Director, Dale Ferguson said: "We were
delighted to enter into this Agreement with these two prestigious
organisations within Portugal. Both have strong track records,
including that Professor Noronha of the University of Porto
discovered the presence of lithium in Portugal at the Grandao
location around thirty years ago. This Agreement formalises the
work that has been undertaken to date and we believe notable
benefits so far have been achieved for the Project such as the
noteworthy metallurgical outcomes that have been attained.
"The Portuguese Government supports the development of the
lithium industry in Portugal as evidenced by the recent Government
approval in the Council of Ministers of the 'strategic guidelines
for the valorisation of the potential of lithium minerals in
Portugal'".
Figure 1: Signing Ceremony for the Protocol of Cooperation
(Protocolo de Cooperação)
About the Partners in the Protocol Feasibility Study consultancy
groups:
Faculty of Sciences from the University of Porto
The Faculty of Sciences of the University of Porto ('FCUP') was
established in 1911 and since its inception in 1911, FCUP has
maintained its unique position in providing quality training in
Exact Sciences, Natural Sciences and Mathematics. In the last 100
years, FCUP has grown and developed, extending the scope of its
competences to Geographical Engineering, Astronomy, Computer
Sciences and Informatics, Biochemistry, Landscape Architecture,
Environmental Sciences and Agricultural Sciences.
https://sigarra.up.pt/fcup/pt/WEB_BASE.GERA_PAGINA?P_PAGINA=1182
Spodumene was found in 1988 by Professor Fernando Noronha, an
official collaborator of the Geological Survey of Portugal, in the
Barroso Region during the course of the geological mapping work
carried out within the scope of the 1:50,000 scale mapping.
Laboratorio Nacional de Energia e Geologia
LNEG is a Governmental R&D institution geared towards
meeting the needs of society and companies. Betting on sustainable
research and sustainability through the generation of knowledge of
the Portuguese territory, and has a large experience in the lithium
processing techniques and technologies.
http://www.lneg.pt/lneg/
Regulatory Information
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
**ENDS**
For further information please visit www.savannahresources.com
or contact:
David Archer Savannah Resources plc Tel: +44 20 7117
2489
David Hignell / Dugald Northland Capital Partners Tel: +44 20 3861
J. Carlean (Nominated Adviser) Ltd 6625
Christopher Raggett / Camille finnCap Ltd Tel: +44 20 7220
Gochez (Broker) 0500
Grant Barker (Equity Adviser) Whitman Howard Tel: +44 020 7659
1225
Lottie Wadham/ Gaby Jenner St Brides Partners Ltd Tel: +44 20 7236
(Financial PR) 1177
About Savannah
Savannah is a diversified resources group (AIM: SAV) with a
portfolio of energy metals projects - lithium in Portugal and
copper in Oman - together with the world-class Mutamba Heavy
Mineral Sands Project in Mozambique, which is being developed in a
consortium with the global major Rio Tinto. The Board is committed
to serving the interests of its shareholders and to delivering
outcomes that will improve the lives of the communities we work
with and our staff.
The Company is listed and regulated on AIM and the Company's
ordinary shares are also available on the Quotation Board of the
Frankfurt Stock Exchange (FWB) under the symbol FWB: SAV, and the
Börse Stuttgart (SWB) under the ticker "SAV".
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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