Savannah Resources (SAV)

Sector:

Mining

Index:

FTSE AIM All-Share

4.05p
   
  • Change Today:
      0.050p
  • 52 Week High: 4.45p
  • 52 Week Low: 1.58p
  • Currency: UK Pounds
  • Shares Issued: 2,172.77m
  • Volume: 796,143
  • Market Cap: £88.00m
  • Beta: 0.52

Savannah Resources strikes agreement with ABB

By Iain Gilbert

Date: Wednesday 30 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Lithium developer Savannah Resources has struck a memorandum of understanding with technology outfit ABB as it progresses with its plans for a zero-emission lithium project in Europe.

Savannah said on Wednesday that it was undertaking a definitive feasibility study for the construction of its Barroso lithium concentrate production facility in northern Portugal as part of its commitment to move towards net-zero Scope 1 and 2 emissions for the project by maximising the use of renewable electricity to power mineral production and processing operations.

The AIM-listed firm stated that under the early-stage agreement, ABB will apply its technical expertise to outline production control and process solutions for lithium concentrate production and integrated spodumene mining operations in line with Savannah's target of zero-emission operations by 2030.

Savannah will also work towards binding agreements with ABB in relation to electrification, automation and digital solutions in the future.

Chief executive David Archer said: "ABB is at the forefront of the automation and electrification we require for our decarbonisation journey as we progress the development of the Barroso Lithium Project. We are pleased to have their expertise as we continue to execute on our decarbonisation strategy to build Europe's first spodumene production facility, as a critical supplier of low carbon raw materials for lithium-ion batteries."

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SAV Market Data

Currency UK Pounds
Share Price 4.05p
Change Today 0.050p
% Change 1.25 %
52 Week High 4.45p
52 Week Low 1.58p
Volume 796,143
Shares Issued 2,172.77m
Market Cap £88.00m
Beta 0.52

SAV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.59% below the market average58.59% below the market average58.59% below the market average58.59% below the market average58.59% below the market average
10.24% below the sector average10.24% below the sector average10.24% below the sector average10.24% below the sector average10.24% below the sector average
Price Trend
90.48% above the market average90.48% above the market average90.48% above the market average90.48% above the market average90.48% above the market average
86.86% above the sector average86.86% above the sector average86.86% above the sector average86.86% above the sector average86.86% above the sector average
Income Not Available
Growth Not Available

SAV Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:11 42,725 @ 3.97p
14:08 267,461 @ 3.97p
14:00 2,383 @ 3.96p
14:00 2,383 @ 3.96p
13:16 23,980 @ 4.17p

SAV Key Personnel

CEO Emanuel Proença
Chair Rick Anthon

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