Savannah Resources Plc announced that its 2023/24 drilling programme at the Barroso Lithium Project is now underway. Highlights: The two phase drilling programme encapsulates all the resource, reserve, hydrogeological (water bores) and geotechnical related drilling required for the Project's Definite Feasibility Study ('DFS'); The first phase of the programme is expected to take approximately 2 months, with 60 holes to be drilled from 49 drill pads, totalling approximately3,235m; Phase 2 of the programme will be further defined following the receipt and analysis of the results of the first phase of work, but is expected to take around 6 months and include c. 10,200m of drilling from approximately 166 holes located on 75 drill pads; Data from the programme will be used to upgrade significant portions of the 21.4Mt of Indicated and Inferred resources, which feature in the Project's overall existing 28Mt at 1.05% Li2O JORC (2012) Compliant spodumene resource; The upgraded resources will then provide the basis for the Project's first JORC reserve estimate; Savannah expects to complete the DFS in the second half of 2024 and will provide regular news flow from its DFS-related field programme, including assay results from the drilling, over the coming months.
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