{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Savannah Resources (LSE:SAV) - Targeting 2027 Lithium Production","html":"","width":"100%","height":180,"duration":2382,"description":"Interview with Emanuel Proença, CEO of Savannah Resources PLC\nRecording date: 15th April 2025\nSavannah Resources is positioning itself to become a leading producer of lithium concentrates in Europe, with its flagship Barroso Lithium Project in Portugal targeting production by 2027. Despite current lithium market volatility, CEO Emanuel Proença maintains a pragmatic outlook, noting that global lithium demand grew by over 25% last year and is expected to continue its strong growth trajectory.\nThe Barroso project plans to produce approximately 200,000 tons of spodumene concentrate annually at 5.5% lithium content, comparable to successful Australian producers like Pilbara Minerals in their early stages. The project boasts a favorable strip ratio of 6:1, which Proença describes as \"top benchmark,\" along with a 73% recovery rate that is \"close to top class.\" Additional value may come from by-products including quartz, feldspar, and mica, which can be sold to nearby ceramics and insulation industries.\nThe project has received strategic designation under Europe's Critical Raw Materials Act, opening doors to favorable financing options. The European Commission's rapid implementation of this act demonstrates the urgency attached to securing strategic mineral supplies within Europe. Financial institutions, including the European Investment Bank and the German development bank KFW, have shown strong support for critical minerals projects after decades of avoiding the mining sector.\nSavannah has secured its first offtake agreement with AMG Critical Materials, who has also become a shareholder, providing important commercial validation. The company reports being fully funded through its Definitive Feasibility Study stage, expected to complete by the end of 2025, with construction planned for 2026 and production commencing in 2027.\nProença emphasizes that even at current depressed lithium prices, the Barroso project would be profitable, with break-even economics at $600 per...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}