Savannah Resources (AIM:SAV) has reconfirmed completion of the Barroso Lithium Project definitive feasibility study in July, announced purchase of a transformer as the project's first initial CAPEX item and said the RECAPE submission will be completed in Q4 2026.
The company, sole owner of the Barroso Project in northern Portugal and holder of Europe’s largest spodumene deposit, said its internal team and external consultants have begun final DFS reviews, expect to award a FEED contractor from a short list in coming weeks with work to start in June, and have secured a second temporary land access to commence geotechnical field preparations.
Savannah said it has accelerated detailed water-infrastructure engineering and appointed Portuguese engineering firm COBA to deliver that work, which will begin later this month and pushes the RECAPE submission timing such that the environmental regulator's decision would be due in or before late February 2027 under the statutory review window.
The transformer purchase is intended to avoid long global delivery times for a long-lead electrical item, marks the start of the build phase and the company said further long-lead purchases and deposits will be made as construction approaches.
"I can reconfirm expected completion of the DFS in July and the RECAPE extension is a prudent risk mitigation step to ensure a top-quality submission," Emanuel Proença, CEO, said.
