Savannah buys lease extending Mina do Barroso

Aim-quoted Savannah Resources has completed its technical and legal due diligence process with a private company Aldeia & Irmão, and executed an agreement to purchase a mining lease application covering areas of land bordering the Mina do Barroso lithium project, in northern Portugal. The Aldeia licence has the potential to expand the company’s current mineral resource base, providing an opportunity to extend the Mina do Barroso’s mine life of 11 years and it could potentially increase processing rates.