- Savannah Resources has appointed Martin Steinbild as director, lithium business development.

Steinbild's role is a newly created, non-board appointment.

He will provide strategic, commercial and technological insights of the lithium value chain to Savannah as it develops its Mina do Barroso Lithium project.

Since 2008, Steinbild has held the position of senior manager with Rockwood Lithium GmbH (acquired by Albemarle Corp).

In connection with the appointment of Steinbild, the company has granted options over 1,000,000 ordinary shares of par value £0.01 in the company to Steinbild Consulting.

It has also finalised an agreement with its joint venture partner in Al Fairuz Mining Company in order to satisfy the terms of the shareholders' agreement relating to the company's acquisition of Gentor Resources.

At 9:57am: [LON:SAV] Savannah Resources share price was +0.3p at 6.35p

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