30th Mar 2022 15:14
Savannah Resources PLC - London-based mineral resource development company - Signs memorandum of understanding with ABB Ltd in connection with a decarbonisation study for the construction and operations of the company's Barroso lithium project in Portugal.
The company is undertaking definitive feasibility study for the construction of a lithium concentrate production facility. ABB will bring forward its technical expertise to outline production control and process solutions for lithium concentrate output and spodumene mining operations in line with Savannah's target of zero emission operations by 2030.
"ABB is at the forefront of the automation and electrification we require for our decarbonisation journey as we progress the development of the Barroso Lithium Project. We are pleased to have their expertise as we continue to execute on our decarbonisation strategy to build Europe's first spodumene production facility, as a critical supplier of low carbon raw materials for lithium-ion batteries," says Chief Executive Officer David Archer.
Current stock price: 4.45 pence
12-month change: down 7.3%
By Dayo Laniyan; [email protected]
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