Savannah Resources plc (AIM: SAV, FWB: AFM and SWB: SAV) ('Savannah' or the 'Company'), the resource development company, is pleased to announce further results from the ongoing reverse circulation ('RC') and diamond core ('Diamond') drill programme at the Mina do Barroso Lithium Project ('the Project') located in northern Portugal.
 
HIGHLIGHTS:

• Ongoing Reverse Circulation ('RC') and diamond drilling at Grandao intersects further higher-grade lithium mineralisation over significant widths, with the widest intersection recorded so far at Mina do Barroso
• Key results at Grandao include:

• 30m at 1.33% Li₂O from 45m in 18GRARC106
• 99m at 1.46% Li₂O from 20m and 18.9m at 1.02% from 122m in 18GRARC108
• 35.9m at 1.24% Li₂O from 51m in 18GRARC109
• 33m at 1.28% Li₂O from 50m in 18GRARC110
• 23m at 1.4% Li₂O from 99m in 18GRARC111
• 23m at 1.14% Li₂O from 57m in 18GRARC115

• Drilling to date at Grandao and Grandao Extended has now defined a virtually continuous zone of shallowly westerly dipping pegmatite from surface to a vertical depth of over 150m and covering a zone of approximately 650m long and up to 550m wide, confirming the excellent potential of the zone
• Drill results to support a fourth Mineral Resource Estimation due to be reported shortly
• Opportunity for significant further upside as:
  • Drilling remains ongoing at primary Grandao and Reservatorio targets
  • First pass drilling has been completed at a new prospective target area, Carvalha da Bacora, with positive initial results including:
    • 7m at 1.48% Li₂O from 62m in 18CDBRC003
    • 5m at 1.5% Li₂O from 50m in 18CDBRC005
  • First comprehensive drill testing of a high priority exploration target at Pinheiro target area due to commence shortly
• Phase 3 of the metallurgical test work programme is ongoing and scheduled to be completed in Q4 2018
• Feasibility Study is well underway with initial focus on option and project optimisation work to finalise the process flowsheet and maximise project returns

 
 
Savannah's CEO, David Archer said: "We continue to see outstanding results from the drilling of Grandao. These results, together with the recent drill results announced on 26 July are being incorporated into our fourth and latest Mineral Resource study, which we hope to be in a position to announce shortly.  We believe this study will continue to underpin the significant value potential of our flagship Mina do Barroso lithium project as we continue to advance towards making a development decision next year.  
 
"With additional highly prospective targets now also beginning to be tested and positive progress being made as we continue to advance development aspects of the Project, Mina do Barroso continues to deliver, underscoring its increasing strategic significance to the European lithium value chain as Western Europe's largest spodumene lithium deposit."
 
To view the full press release use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/9069Z_1-2018-9-5.pdf
 
 
For further information please visit www.savannahresources.com or contact:
 

David Archer	Savannah Resources plc	Tel: +44 20 7117 2489
David Hignell / Dugald J. Carlean (Nominated Adviser)	Northland Capital Partners Ltd	Tel: +44 20 3861 6625
Christopher Raggett / Camille Gochez (Broker)	finnCap Ltd	Tel: +44 20 7220 0500
Grant Barker (Equity Adviser)	Whitman Howard	Tel: +44 020 7659 1225
Charlotte Page / Lottie Wadham (Financial PR)	St Brides Partners Ltd	Tel: +44 20 7236 1177

 
 
About Savannah
Savannah is a diversified resources group (AIM: SAV) with a portfolio of energy metals projects - lithium in Portugal and copper in Oman - together with the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major Rio Tinto.  The Board is committed to serving the interests of its shareholders and to delivering outcomes that will improve the lives of our staff and the communities we work with.
 
The Company is listed and regulated on AIM and the Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB) under the symbol FWB: AFM, and the Börse Stuttgart (SWB) under the ticker "SAV".