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Savannah Resources , the British company behind the Barroso lithium project in Portugal, has hired investment bank Barclays and financial consultancy Barrenjoey to find partners for the proposed mine in the country’s north.
The next step, the executive noted, would be to evaluate all the proposals received to identify those parties willing to help Savannah secure financing and that can offer additional benefits to the company and its stakeholders through the partnership. Over the estimated 14-year mine life, Barroso is forecast to reach a throughput of about 1.5 million tonnes a year , based on a resource 20.5 million tonnes at 1.05% lithium oxide.
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