- Savannah Resources said it had gathered further encouraging results from drilling at the Mina do Barroso lithium project in Portugal.

A total of 181 holes for 15,345m had now been drilled across three primary targets, the company said.

Key results included finding 25m of mineralisation at 1.56% lithium oxide, from a depth of 56m.

'The drill programme continues to deliver encouraging results, which will go towards further increasing what is already the largest spodumene lithium mineral resource estimate in Western Europe,' chief executive David Archer said.

'We are upping the drilling tempo with the addition of a third rig and drilling, which commenced a little under one year ago, now totals over 15km in length and constitutes one of the most intensive drill programmes undertaken in Portugal in recent years.'

At 10:01am: [LON:SAV] Savannah Resources share price was +0.15p at 9.55p

Story provided by