(AIM: SAV, FWB: SAV and SWB: SAV)

Original announcement by research on

Company
Savannah Resources Plc
Ticker
SAV
Exchange
LSE
Region
Northern Portugal
Primary commodity
Lithium
Secondary commodities
None reported
Document categories
Metallurgy, Other
Extracted
2026-11-03 10:58:26 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Savannah reported successful completion of locked cycle testing for the Barroso Lithium Project in Northern Portugal. The LCT produced a 5.5% Li2O concentrate with global recoveries of 77%-81% at laboratory scale and achieved a 39% reduction in reagent use. The company said further bulk float and pilot plant test work is planned for later in 2022.

Reasoning: Completed locked cycle testwork on the Barroso Lithium Project shows encouraging lithium flotation performance and reagent optimization, supporting the upcoming DFS. The work is positive but remains laboratory scale and not yet pilot scale.

Positive factors

  • LCT completed successfully
  • concentrate grade of 5.5% Li2O
  • global recoveries in the range of 77%-81% at laboratory scale
  • 39% reduction in reagent use

Negative factors

  • results are based on lab scale
  • industry standard scale up factors should be applied
  • pilot plant testing is still planned

Facts used in scoring: 7

Classification and evidence

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: The locked-cycle testing reported 77%-81% global recovery and 81.5% global recovery on the final cycles, which is strong for lithium flotation.

Evidence · text

“global recoveries in the range of 77%-81%”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: The release describes a spodumene flotation circuit with dense media separation, de-sliming and magnetic separation, which is a mill/concentrator route.

Evidence · text

“a continuous circuit found in a spodumene flotation plant”

Bench Scale Onlynegative

Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: The work is explicitly described as laboratory scale and the company says pilot plant test work is still planned.

Evidence · text

“at laboratory scale”

Single Domain Onlynegative

Testing limited to one composite or domain — representativeness not established.

Why it applies: The programme was undertaken on a single composite representative of Grandao stage 1, so domain coverage is limited.

Evidence · text

“undertaken on a single composite”

Recovery Improvingpositive

Recovery improved versus a like-for-like prior test program on the same domain and route.

Why it applies: The final LCT results are described as better than the earlier variability programme, which achieved 70%-79.5% Li2O recoveries.

Evidence · text

“improved levels of recoveries are achievable”

QA/QC Disclosedpositive · Story-specific tag

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release names competent persons and describes the supervised test programme, but it does not provide assay QA/QC methods for laboratory control.

Evidence · text

“The LCT programme was supervised by MinSol Engineering Pty Ltd”

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("dense media separation")

Extracted facts

Stored fact records: 7. Some facts used in scoring do not have a stored record.

Metallurgical Results (7)

locked-cycleBarroso Lithium Project · lithiumRecovery: 81.4 %Head Grade: 1.23Head Grade Unit: % Li2OHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Barroso Lithium Project
Commodity
lithium
Region
northern portugal
Reported Region
Northern Portugal
Ticker
SAV

Test Work

Program Status
detailed
Test Type
locked-cycle
Processing Route
spodumene flotation with dense media separation, de-sliming and magnetic separation
Sample
single composite representative of Grandao stage 1
Grind P80
150 µm

Recovery

Recovery
81.4 %
Recovery Basis
actual_test
Head Grade
1.23
Head Grade Unit
% Li2O
Conc. Grade
5.5
Conc. Grade Unit
% Li2O

Lab

Laboratory
laboratory

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-21T00:00:00.000Z

Reasoning: This fact captures the representative composite result cited for the program and is positive because it demonstrates strong lithium flotation performance and concentrate quality, though it remains laboratory scale.

Positive factors

  • completed locked cycle testing
  • high-grade spodumene concentrate at 5.5% Li2O
  • lab-scale recovery is strong for lithium flotation
  • supports upcoming DFS

Negative factors

  • lab scale result
  • industry standard scale up factors should be applied
  • single composite limits domain coverage

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 81.4% is at or above the exceptional band (80%)

locked-cycleBarroso Lithium Project · lithiumRecovery: 81.5 %Head Grade: 1.23Head Grade Unit: % Li2OView all details
Link to this fact

Identity

Project
Barroso Lithium Project
Commodity
lithium
Region
northern portugal
Reported Region
Northern Portugal
Ticker
SAV

Test Work

Program Status
detailed
Test Type
locked-cycle
Processing Route
spodumene flotation with dense media separation, de-sliming and magnetic separation
Sample
single composite representative of Grandao stage 1
Grind P80
150 µm

Recovery

Recovery
81.5 %
Recovery Basis
actual_test
Head Grade
1.23
Head Grade Unit
% Li2O
Conc. Grade
5.5
Conc. Grade Unit
% Li2O

Lab

Laboratory
laboratory

Review

Needs Review
No
Historical
No

Reasoning: This is the clearest LCT result in the release and shows strong global recovery together with a high-grade lithium concentrate under locked-cycle conditions.

Positive factors

  • average results for the final 2 cycles achieved 87.5% stage recovery and 81.5% global recovery
  • high-grade 5.50% Li2O concentrate
  • represents locked cycle performance under recycled conditions

Negative factors

  • lab scale result
  • single composite only
  • no reagent details for this specific test beyond the broader program

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 81.5% is at or above the exceptional band (80%)

sighter flotationBarroso Lithium Project · lithiumRecovery: 81.4 %Head Grade: 1.23Head Grade Unit: % Li2OView all details
Link to this fact

Identity

Project
Barroso Lithium Project
Commodity
lithium
Region
northern portugal
Reported Region
Northern Portugal
Ticker
SAV

Test Work

Program Status
detailed
Test Type
sighter flotation
Processing Route
spodumene flotation with dense media separation, de-sliming and magnetic separation
Sample
single composite representative of Grandao stage 1
Grind P80
150 µm

Recovery

Recovery
81.4 %
Recovery Basis
actual_test
Head Grade
1.23
Head Grade Unit
% Li2O
Conc. Grade
5.5
Conc. Grade Unit
% Li2O

Lab

Laboratory
laboratory

Review

Needs Review
No
Historical
No

Reasoning: The sighter flotation result is also positive, confirming the target concentrate grade and strong flotation recovery before the locked-cycle tests.

Positive factors

  • produced a high quality spodumene concentrate at the Project target grade of 5.50% Li2O
  • 85% flotation stage recovery
  • supports the locked cycle results

Negative factors

  • sighter test is preliminary compared with locked cycle testing
  • lab scale result
  • single composite only

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 81.4% is at or above the exceptional band (80%)

locked-cycleBarroso Lithium Project · lithiumRecovery: 77 %Head Grade: 1.23Head Grade Unit: % Li2OView all details
Link to this fact

Identity

Project
Barroso Lithium Project
Commodity
lithium
Region
northern portugal
Reported Region
Northern Portugal
Ticker
SAV

Test Work

Program Status
detailed
Test Type
locked-cycle
Processing Route
spodumene flotation with dense media separation, de-sliming and magnetic separation
Sample
single composite representative of Grandao stage 1
Grind P80
150 µm

Recovery

Recovery
77 %
Recovery Basis
actual_test
Head Grade
1.23
Head Grade Unit
% Li2O

Lab

Laboratory
laboratory

Review

Needs Review
No
Historical
No

Reasoning: The lower end of the reported global recovery range remains positive but is less informative than the final-cycle result because the exact test context is not isolated.

Positive factors

  • LCT yielded global recoveries in the range of 77%-81%
  • supports further process optimization

Negative factors

  • range value is less specific than the final-cycle result
  • lab scale result
  • no concentrate grade stated for the lower bound

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

locked-cycleBarroso Lithium Project · lithiumRecovery: 81 %Head Grade: 1.23Head Grade Unit: % Li2OView all details
Link to this fact

Identity

Project
Barroso Lithium Project
Commodity
lithium
Region
northern portugal
Reported Region
Northern Portugal
Ticker
SAV

Test Work

Program Status
detailed
Test Type
locked-cycle
Processing Route
spodumene flotation with dense media separation, de-sliming and magnetic separation
Sample
single composite representative of Grandao stage 1
Grind P80
150 µm

Recovery

Recovery
81 %
Recovery Basis
actual_test
Head Grade
1.23
Head Grade Unit
% Li2O

Lab

Laboratory
laboratory

Review

Needs Review
No
Historical
No

Reasoning: The upper end of the global recovery range remains encouraging and is consistent with the high-grade concentrate reported elsewhere in the release.

Positive factors

  • LCT yielded global recoveries in the range of 77%-81%
  • upper end of the reported range is strong for lab-scale lithium flotation

Negative factors

  • reported as a range rather than a discrete test result
  • lab scale result
  • single composite only

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 81% is at or above the exceptional band (80%)

locked-cycleBarroso Lithium Project · lithiumView all details
Link to this fact

Identity

Project
Barroso Lithium Project
Commodity
lithium
Region
northern portugal
Reported Region
Northern Portugal
Ticker
SAV

Test Work

Program Status
optimization
Test Type
locked-cycle
Processing Route
spodumene flotation with dense media separation, de-sliming and magnetic separation
Sample
single composite representative of Grandao stage 1
Grind P80
150 µm

Reagents

Reagent Notes
Optimisation of the reagent dose rates between test 1 and test 3 showed a 39% reduction in reagent use

Lab

Laboratory
laboratory

Review

Needs Review
No
Historical
No

Reasoning: The reagent reduction is material because it points to lower operating cost potential while maintaining good lithium flotation performance.

Positive factors

  • 39% reduction in reagent use
  • potential OPEX benefit
  • improved process efficiency while maintaining product quality

Negative factors

  • no numeric reagent consumption baseline disclosed
  • lab scale result
  • economic benefit not yet quantified in a study

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

locked-cycleBarroso Lithium Project · lithiumView all details
Link to this fact

Identity

Project
Barroso Lithium Project
Commodity
lithium
Region
northern portugal
Reported Region
Northern Portugal
Ticker
SAV

Test Work

Program Status
detailed
Test Type
locked-cycle
Processing Route
spodumene flotation with dense media separation, de-sliming and magnetic separation
Sample
single composite representative of Grandao stage 1
Grind P80
150 µm

Lab

Laboratory
laboratory
Consultant
MinSol Engineering Pty Ltd

Review

Needs Review
No
Historical
No

Reasoning: This is a contextual fact about the supervision of the program rather than a separate metallurgical result, but it supports the credibility of the work.

Positive factors

  • programme supervised by MinSol Engineering Pty Ltd
  • supports interpretation of the test work

Negative factors

  • no assay QA/QC disclosure in the release
  • no numeric result attached to this support fact

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.