StockMarketWire.com - Savannah Resources said it had entered into an exclusive due diligence and option agreement with Aldeia & Irmao to acquire a mining lease over land adjacent to company's Mina do Barroso lithium project in Portugal.

The option expired on 25 June 2019 and, if exercised, Savannah would purchase the mining lease.

The purchase price of the option was €350k, while the total purchase price for the mining lease, once granted, was €3.25m.

The agreement came with a 70-day exclusive due diligence period, which would commence immediately, whereby Savannah will conduct technical, financial, and legal due diligence.




At 8:11am: [LON:SAV] Savannah Resources share price was +0.15p at 9.85p



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