[SMM Flash ] Savannah Resources Secures Land Access Agreements for Barroso Lithium Project in Portugal

Published: Aug 14, 2026 22:56 (GMT+8)

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Savannah Resources (LON:SAV) has signed three benefit-sharing agreements with local baldios (communal land bodies) around its Barroso lithium project in northern Portugal, securing land access to Blocks A and C of the Aldeia mining concession, which host a 3.5 Mt resource and 1.6 Mt reserve. The agreements grant communities participation in project oversight, local reinvestment of benefits, and inflation-indexed rent compensation. The company is also advancing private land acquisitions and preparing compulsory purchase procedures for remaining parcels. CEO Emanuel Proença said the deals reflect the company's commitment to community engagement. Barroso is among Europe's most advanced hard-rock lithium projects, supporting the EU's push for domestic battery raw material supply.

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