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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
Mine Life... Lock
SnapshotMining Lease application area of the Barroso Lithium Project currently contains the largest spodumene lithium resource in Europe.

Savannah is currently completing a Definitive Feasibility Study on the Project as well as completing the compliance phase of the environmental licencing process.

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.

The Li-rich aplite-pegmatite dykes show a spatial distribution of 3 sub-types (LIMA et al, 2003):
- Spodumene-rich aplite-pegmatite dykes and sills are dominant at N and NE regions;
- Petalite-rich are dominant at SW; and
- Lepidolite-rich occur at NW regions.

The Mina do Barroso Project is centred on a series of spodumene rich aplite-pegmatite dykes and sills which have formed the basis of this study.

Grandao Deposit: Mineralised zone over 500m long, 450m wide and pegmatite depths of up to 50m. Results from recent drilling has recorded the broadest and most significant results for the Project to date.

Reservatorio Deposit: Drilling has confirmed that the lithium mineralisation extends to over 400m strike length, with good down dip extensions of at least 100m.

NOA Deposit: Drilling has confirmed the presence of lithium mineralisation over a 200m strike length together with good down dip extensions of at least 50m.

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

Life of Mine Low Grade Bulk Pegmatite production is 2.7 Mt.
CommodityProductUnitsAvg. Annual
Spodumene Concentrate kt 175
Quartz Mineral t 173,000
Feldspar Mineral t 276,000

Operational metrics

Metrics
Annual ore mining rate 1.3 Mt *
Annual milling rate 1.3 Mt *
Stripping / waste ratio 5.2 *
Waste tonnes, LOM 75.4 Mt *
Ore tonnes mined, LOM 14.4 Mt *
Total tonnes mined, LOM 89.8 Mt *
Tonnes milled, LOM 14.4 Mt *
* According to 2018 study.

Production Costs

CommodityUnitsAverage
Cash costs Spodumene USD 283.7 / t *  
Total cash costs Spodumene USD 271 / t * **  
Assumed price Feldspar USD 39 / t *  
Assumed price Quartz USD 33 / t *  
Assumed price Spodumene USD 685 / t *  
* According to 2018 study / presentation.
** Net of By-Product.

Operating Costs

Currency2018
OP mining costs ($/t mined) USD 3.16  

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 240.9
G&A costs $M USD 35.9
Total OpEx $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
EBITDA (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 Sep 14, 2023

EmployeesYear
...... Subscription required 2020

Aerial view:

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