Savannah Resources (SAV)

Sector:

Mining

Index:

FTSE AIM All-Share

4.88p
   
  • Change Today:
      0.030p
  • 52 Week High: 5.00p
  • 52 Week Low: 3.20p
  • Currency: UK Pounds
  • Shares Issued: 2,172.77m
  • Volume: 16,283,248
  • Market Cap: £106.03m
  • Beta: 0.02

Savannah Resources to restart drilling at Barroso

By Josh White

Date: Friday 21 Feb 2025

LONDON (ShareCast) - (Sharecast News) - Savannah Resources confirmed on Friday that it will immediately restart fieldwork and drilling at its Barroso Lithium Project in Portugal, following a decision by the Portuguese State to lift a temporary suspension order.
The AIM-traded firm said the work had been halted for two weeks due to a legal challenge from three local landowners, but a 'reasoned resolution' issued by the state had now reinstated Savannah's right to access the land.

It said the dispute was centred on a temporary land easement order granted in December, which allowed Savannah to conduct fieldwork required for the project's definitive feasibility study and environmental licensing.

The court challenge had temporarily suspended that order, but the state had now ruled that further delays would be detrimental to the public interest.

Savannah said it would seek to recover lost time over the remainder of the programme, and reiterated its expectation of completing the definitive feasibility study and environmental licensing process in the second half of the year.

The company said it would provide further updates as work progressed.

At 1213 GMT, shares in Savannah Resources were up 1.14% at 4.45p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SAV Market Data

Currency UK Pounds
Share Price 4.88p
Change Today 0.030p
% Change 0.62 %
52 Week High 5.00p
52 Week Low 3.20p
Volume 16,283,248
Shares Issued 2,172.77m
Market Cap £106.03m
Beta 0.02

SAV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.32% below the market average59.32% below the market average59.32% below the market average59.32% below the market average59.32% below the market average
13.6% below the sector average13.6% below the sector average13.6% below the sector average13.6% below the sector average13.6% below the sector average
Price Trend
89.10% above the market average89.10% above the market average89.10% above the market average89.10% above the market average89.10% above the market average
65.67% above the sector average65.67% above the sector average65.67% above the sector average65.67% above the sector average65.67% above the sector average
Income Not Available
Growth Not Available

SAV Dividends

No dividends found

Trades for 01-Apr-2025

Time Volume / Share Price
10:12 2,260,000 @ 4.90p
16:00 3,760,000 @ 4.90p
16:35 2,000 @ 4.88p
16:35 2,000 @ 4.88p
15:02 1,000,000 @ 4.90p

SAV Key Personnel

CEO Emanuel Proença
Chair Rick Anthon

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