Mining Intelligence and News
Portugal

Mina do Barroso Project

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Categories

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Lithium
  • Spodumene
  • Quartz
  • Feldspar
Mining Method
  • Truck & Shovel / Loader
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SnapshotBarroso Lithium Project is one of the most significant potential lithium raw material sources in the European Union.

The Project's Scoping Study is based on a mine and concentrator only development for the production of spodumene concentrate. Additional revenue potential comes from the production of Ceramic By-Products (combined feldspar and quartz products (‘Ceramic By-Products’)) from the spodumene lithium concentrator circuit and the sale of low-grade pegmatite material. The Scoping Study is based on the Mine Plan and Environmental Report which were submitted to the Portuguese regulator in March 2023 and which received a positive Environmental Impact Statement (DIA) in May 2023, and also includes the Aldeia deposit which Savannah has the right to acquire once the related mining licence is issued.

Definitive Feasibility Study is planned to be completed in H2 2025.

Owners

SourceSource
CompanyInterestOwnership
Savannah Resources Plc 100 % Indirect
Savannah Resources Plc holds Mina do Barroso Project through its wholly owned subsidiary Savannah Lithium Lda. (formerly Slipstream Resources Portugal Lda).

Contractors

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Deposit type

  • Pegmatite

Summary:

The Barroso – Alvão Region is characterized by the presence of a large field of several dozen pegmatite and aplite-pegmatite dykes of granitic composition. Pegmatite dykes are mainly intruded in the granitic rocks of the region whilst aplite-pegmatite dykes are hosted by low- to medium-grade metasedimentary rocks of Silurian age that are strongly deformed (B. CHAROY et al.,1992). The thickness of these dykes ranges from less than 1m up to 50m.

At the Barroso Lithium Project, lithium mineralisation occurs predominantly in the form of spodumene-bearing pegmatites, which are hosted in metapelitic and mica schists, and occasionally carbonate schists of upper Ordovician to lower Devonian age.

The resource is comprised of five main deposits, Grandao, Reservatorio, Pinheiro, NOA and Aldeia.

Grandao Deposit: Is the primary deposit of the Project with a mineralised zone of 650m long and 500m wide, and a thickness of up to 50m. The deposit exhibited consistency of mineralisation within the pegmatite body and has produced the most significant results to date.

Reservatorio: Is a moderately dipping outcropping pegmatite with over 450m of strike exposure that can be traced for at least 170m down dip. The pegmatite thickness is up to 40m and has exhibited consistent lithium mineralisation throughout the body.

The Reservatorio deposit comprises one main pegmatite which showed relatively clear geometry, and was modelled into a continuous, tabular shape. It strikes broadly NE-SW and dips to the NW at 25° to 40° and varies in thickness from 20m to 50m. Two minor parallel pegmatites have also been interpreted. A weathering boundary representing the top of fresh rock was also interpreted (using drill hole logging codes) as a shallow zone of weak to moderate weathering was noted. The main pegmatite zone remains open along strike to the north and down dip.

The weathering profile comprises a shallow, surficial zone of weak to moderate oxidation, particularly of the schistose country rock with moderate oxidation to a depth of up to 20m.

The Reservatorio main pegmatite has a drilled extent of 490m along strike and 200m down dip. The thickness of the mineralisation ranges from 10m to 50m.

Pinheiro: is made up of two converging steeply dipping pegmatite bodies that have been traced for 200m on the surface and by drilling and down dip for 150m, with thickness up to 25m. Lithium mineralisation occurs throughout both pegmatites and remains open along both strike and down dip.

NOA: is a semi contiguous, moderately dipping pegmatite body that has been traced for 350m along strike and down dip for 140m. The lithium mineralisation is consistent both down dip and along strike.

Aldeia: is a northwest dipping tabular pegmatite with several minor subsidiary bodies that can be traced for 200m along strike and 250m down dip. The lithium mineralisation is consistent throughout the pegmatite and is of a higher grade compared to the other deposits.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

Feldspar Mineral mean Ceramic By-Products (combined feldspar and quartz products (‘Ceramic By-Products’).

Low-grade pegmatite material that did not form part of the concentrator feed was quantified so that the opportunity of selling this material can be evaluated. The Scoping Study assumes sales of 100,000t/year at US$23.8/t.
CommodityProductUnitsAvg. AnnualLOM
Spodumene Concentrate kt 1912,600
Feldspar Mineral t 400,000
LCE Concentrate kt 25

Operational metrics

Metrics
Annual ore mining rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2023 study.

Production Costs

CommodityUnitsAverage
Credits (by-product) Spodumene USD  ....  Subscribe
Cash costs Spodumene USD  ....  Subscribe
All-in sustaining costs (AISC) Spodumene USD  ....  Subscribe
C1 cash costs Spodumene USD  ....  Subscribe
Assumed price Spodumene USD  ....  Subscribe
* According to 2023 study / presentation.
** Net of By-Product.

Operating Costs

Currency2018
OP mining costs ($/t mined) USD  ....  Subscribe

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 444
G&A costs $M USD 69.1
Total OpEx $M USD  ......  Subscribe
Income Taxes $M USD  ......  Subscribe
Royalty payments $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
EBITDA (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 22, 2024
....................... Subscription required ....................... Subscription required Subscription required Nov 21, 2024
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....................... Subscription required ....................... Subscription required Subscription required Nov 22, 2024
....................... Subscription required ....................... Subscription required Subscription required Nov 21, 2024

Total WorkforceYear
...... Subscription required 2023

Aerial view:

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