The company is in the process of identifying potential partners for the project, slated to be western Europe’s largest lithium mine.
to zero. Indirect emissions , which are those tied to inputs a miner purchases, could be lowered by 54% from the original 2019 forecast, thanks to a potential reduction in the plant’s power requirement.
The project holds a resource estimate of 27 million tonnes of lithium with over 285,900 tonnes contained Li2O, which the company believes to be enough to supply a “material proportion” ofSavannah expects to have all permits in place by the end of 2024, which will allow it to make an investment decision and start construction in 2025. First production will target 191,000 tonnes of spodumene concentrate per year and is slated for 2026.
The mine will also yield a feldspar and quartz co-product used in the ceramics industry, which will be sold to customers locally and in neighbouring Spain. Portugal, already Europe’s top lithium producer, accounts for about 11% of the global market, but its output is entirely used to make ceramics and glassware, which is why Europe relies on lithium imports from Latin America’s Lithium Triangle, as well from Australia and China.
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