LISBON, (Reuters) – The latest exploration results at Savannah Resources’ Barroso lithium project in northern Portugal point to a larger deposit than the previously estimated 28 million metric tons of high-grade lithium, the company said on Wednesday.
Savannah, which wants to build four open-pit mines in the region to extract enough lithium each year for about half a million to a million electric vehicle batteries, said last month it would accelerate the project to secure the first commercial output in 2027. Continue reading “New exploration results at Savannah’s Portugal lithium project point to larger deposit”