Savannah Resources (SAV)

Sector:

Mining

Index:

FTSE AIM All-Share

3.63p
   
  • Change Today:
    -0.067p
  • 52 Week High: 5.55
  • 52 Week Low: 3.40
  • Currency: UK Pounds
  • Shares Issued: 2,172.77m
  • Volume: 258,323
  • Market Cap: £78.94m

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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SAV Market Data

Currency UK Pounds
Share Price 3.63p
Change Today -0.067p
% Change -1.80 %
52 Week High 5.55
52 Week Low 3.40
Volume 258,323
Shares Issued 2,172.77m
Market Cap £78.94m

SAV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.6% below the market average45.6% below the market average45.6% below the market average45.6% below the market average45.6% below the market average
18.11% above the sector average18.11% above the sector average18.11% above the sector average18.11% above the sector average18.11% above the sector average
Price Trend
13.96% below the market average13.96% below the market average13.96% below the market average13.96% below the market average13.96% below the market average
24.81% above the sector average24.81% above the sector average24.81% above the sector average24.81% above the sector average24.81% above the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SAV Dividends

No dividends found

Trades for 04-Jun-2025

Time Volume / Share Price
09:26 1,020 @ 3.60p
09:26 263 @ 3.80p
09:26 47 @ 3.80p
09:26 58,917 @ 3.70p
09:22 100,000 @ 3.73p

SAV Key Personnel

CEO Emanuel Proença
Chair Rick Anthon

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