Savannah reports positive economics for Portugal lithium mine

Aim-listed explorer Savannah Resources has reported strong economic indicators for its Mina do Barroso lithium project, in northern Portugal, sending the company’s stock up 14% on Thursday. The study is considered a base case for the project and calculated a pre-tax net present value, applying an 8% discount rate, of $356-million and an internal rate of return of 63%.