Savannah Resources PLC: Metallurgical test work Confirms that High Quality Saleable Quartz and Feldspar Products can be Generated as a Co-product with Spodumene Lithium Mina do Barroso Lithium Project

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DGAP-Media / 2018-12-17 / 14:40 
 
*Metallurgical test work Confirms that High Quality Saleable Quartz and 
Feldspar Products can be Generated as a Co-product with Spodumene Lithium* 
*Mina do Barroso Lithium Project* 
 
Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the 
'Company'), the AIM quoted resource development company, which is focused on 
becoming Europe's most significant producer of lithium spodumene 
concentrates from its Portuguese Mina do Barroso Project ('Mina do Barroso', 
'MdB' or 'the Project'), is pleased to announce that its ongoing 
metallurgical test work has successfully produced saleable quartz and 
feldspar products. 
 
*Highlights* 
 
  · *High quality, saleable quartz and feldspar co-products produced*from 
  ongoing metallurgical test work programme 
 
    · Co-products will be produced from further processing of the tail 
    material from the spodumene concentration process 
 
  · Initial indications are that the following products can be produced and 
  market studies by First Test Minerals have been completed to provide some 
  indicative pricings for the products: 
 
    · *Feldspar*(Na2O+K2O+Li2O grades >12%) *potential price range of 
    US$65-100/tonne* 
 
    · *Quartz*(99.6% pure) *potential price range US$60-100/tonne* 
 
    · *Bulk Tail*(Na2O+K2O+Li2O grades >7%) *potential price range of 
    US$40-45/tonne* 
 
    · All products have *low levels of potential impurities*, below maximum 
    limits specified by customers 
 
  · Importantly, the potential *pricing of the products*which can be 
  produced have been identified as being *significantly higher, by First 
  Test Minerals, than those **conservative values used in the recent Scoping 
  Study*of US$39/tonne for feldspar and US$33/tonne for quartz 
 
  · *Test work for co-product and specifications independently evaluated and 
  confirmed*by ceramics industry expert, First Test Minerals Ltd 
 
  · Bulk co-products currently being generated for further evaluation by 
  potential customers and *preliminary offtake discussions are underway*with 
  a number of potential parties 
 
  · *Significant environmental benefit*from the sale of co-products, 
  reducing the potential size of the footprint of any potential operation 
 
  · *Sale of co-products to prove economically beneficial for the Company, 
  through the diversification of asset products* 
 
*Savannah's CEO, David Archer said:*"The area in which we operate is a major 
quarrying region for ceramic materials which supply the vibrant ceramics 
industries in both Portugal and Spain. Importantly, having multiple product 
streams means we are maximising the value adding potential of the Project 
while also reducing the volume of non-saleable material that will need to be 
emplaced on site in contoured and vegetated landforms. I look forward to 
providing further updates as we progress our Feasibility Study towards 
delivery in 2019." 
 
Please click on the following link to the complete press release: 
http://www.rns-pdf.londonstockexchange.com/rns/3197K_1-2018-12-12.pdf [1] 
 
For further information please visit www.savannahresources.com [2]or 
contact: 
 
David Archer (CEO)       Savannah Resources    Tel: [phone] 
                         plc                   2489 
David Hignell / Dugald   Northland Capital     Tel: [phone] 
J. Carlean (Nominated    Partners Ltd          6625 
Adviser) 
Christopher Raggett /    finnCap Ltd           Tel: [phone] 
Camille Gochez (Broker)                        0500 
Grant Barker (Equity     Whitman Howard        Tel: +44 020 
Adviser)                                       7659 1225 
Charlotte Page / Lottie  St Brides Partners    Tel: [phone] 
Wadham (Financial PR)    Ltd                   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: SAV, and the Börse Stuttgart (SWB) under the 
ticker "SAV". 
 
End of Media Release 
 
Issuer: Savannah Resources PLC 
 
2018-12-17 Dissemination of a Press Release, transmitted by DGAP - a service 
of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
758959 2018-12-17 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=50cae9d854ed2935bd7f6155c8d7cd9c&application_id=758959&site_id=vwd&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=8fc7c21be232c3d683d55d027ddc4129&application_id=758959&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 17, 2018 08:40 ET (13:40 GMT)