Business
Primero Group Appointed
Primero Group Appointed.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4939V Savannah Resources PLC 24 July 2018 \n\n \n24 July 2018 \n \nSavannah Resources Plc\nPrimero Group Appointed as the Primary Engineering Group to Develop the Feasibility Study for the Mina do Barroso Lithium Project\n \nSavannah Resources plc (AIM: SAV and SWB: SAV) ('Savannah' or the 'Company'), the AIM quoted resource development company, is pleased to announce that it has appointed experienced lithium consulting engineers Primero Group ('Primero') to lead the Feasibility Study for the development of the Mina do Barroso Lithium Project ('Mina do Barroso' or the 'Project') in Portugal. \n \nHIGHLIGHTS:\n \n· The Feasibility Study will build on the excellent outcomes of the Scoping Study completed in June 2018, which confirmed Mina do Barroso has the potential to be a major European producer of spodumene (lithium)\n· A mine and concentrator plant model will be further developed based around Mina do Barroso's deposits for the production of a lithium concentrate with additional ceramic co-products\n· Primero has an extensive track record in the assessment, design, delivery and operation of lithium projects globally and is currently partnered with Tawana, Galaxy, Pilbara Minerals and Piedmont\n· Primero will also bring knowledge and understanding of specific ceramic related co-products such as feldspar and quartz and their processing \n· Results of the Feasibility Study, which is fully funded following the Company's recent £12.5 million (gross) fundraise, are expected to be available towards the end of Q1 2019\n \nSavannah's CEO, David Archer said: \"We are pleased to have commissioned Primero which is one of the global leaders in the evaluation, design and construction of hard rock, open-cut, spodumene mines like Mina do Barroso. Primero's experience will be critical in guiding us towards our objective of being the first major producer of lithium in Western Europe by 2020.\"\n \nScope of Work\n \nThe Feasibility Study will continue to develop Mina do Barroso to a level of detail adequate to support project financing. The study will cover the project setting, geology and resource definition, mining, metallurgy, processing, infrastructure, market review, capital an...