Savannah raises lithium estimated reserves at Portugal mine project by 40%

Savannah Resources

15/09/2025 10:12

LISBON, Sept 15 (Reuters) - London-listed Savannah Resources SAVS.L said on Monday it has increased the estimated reserves of its lithium mine project in northern Portugal by 40% after completing additional prospecting work.

The estimated reserves of the Barroso deposit of spodumene — a lithium-bearing mineral— now stand at more than 39 million metric tons, up from the previous 28 million metric tons, which was already the largest such deposit in Europe, the company said in a statement.

 (Reporting by Sergio Goncalves, editing by Inti Landauro)

 ((Inti.Landauro@thomsonreuters.com;))