Le lithium, le prix en baisse aprés la flambée.

[energy_isere]

suite de ce post du 27 sept 2026 : viewtopic.php?p=2427278#p2427278

Savannah Resources close to second offtake deal for Portugal lithium project

Reuters | October 7, 2026

London-listed Savannah Resources (LON: SAV) is close to signing a key second offtake deal for future output from its flagship Barroso lithium project in northern Portugal, with an agreement expected this quarter, CEO Emanuel Proenca said on an analyst call on Wednesday.


The Barroso project hosts more than 39 million tonnes of spodumene resources, Europe’s largest deposit of the lithium-bearing mineral.

The company has said further exploration upside could lift resources above 100 million tonnes and extend the mine’s life beyond 50 years.

Proenca said Savannah was “quite advanced” in negotiations for a second offtake agreement, with a “very final shortlist of candidates, all of them very credible players in the global scene of lithium”, with a deal expected this quarter.

He gave no further details but said a second offtake agreement was a key step towards securing project financing, as lenders want 70%-75% of Barroso’s future output contracted through long-term supply deals.

Dutch miner and lithium supplier AMG Critical Materials (AMS: AMG) signed an offtake agreement in June 2024 to buy 45,000 tonnes of spodumene concentrate annually from the Barroso project for five years, equivalent to about 25% of the mine’s planned output.

As part of the deal, AMG Critical Materials became Savannah’s largest shareholder, with a 16% stake.

Savannah estimates construction of the Barroso mine will cost about $420 million. Banks are expected to provide 60%-65% of the funding, with the remainder coming from a Portuguese state grant of up to 110 million euros ($123.09 million), existing cash and new equity.

The project remains on track for construction in 2027 and first production in 2028, Proenca said.

($1 = 0.8937 euros)

https://www.mining.com/web/savannah-res ... m-project/

[energy_isere]

suite de ce post du 02 février 2025 : viewtopic.php?p=2406358#p2406358

Décision d'investissement finale pour l'agrandissement de la mine de Lithium de Pilgangoora en Australie :

PLS Group greenlights $1.3 billion expansion to lift Pilgangoora lithium output

Reuters | October 15, 2026

Australia’s PLS Group has approved a final investment decision for its A$1.9 billion ($1.31 billion) project at its hard rock lithium mine Pilgangoora operation, betting on long-term growth in demand for the key battery-making ingredient.


The country’s largest independent lithium producer said the P2000 project will boost spodumene concentrate production at its flagship project in Western Australia to nearly 2 million tonnes per annum (mtpa) from 2029, through the construction of a new Jimmagunya processing plant.

Its shares rose more than 6% in early trading, set for their best day since August 24.

Energy transition and growth in battery storage continue to support the long-term demand for lithium, with companies worldwide racing to secure the metal.

PLS, formerly known as Pilbara, said the project was made possible by advances in processing technology that allowed around 67 million tonnes of material previously classified as waste to be brought into the mine plan, helping increase Pilgangoora’s ore reserve by 23% and contained lithium by 31%.

The project, it said, would lift average annual production to about 1.97 million tonnes of spodumene concentrate over the first 10 years of steady-state operations, while lowering average unit operating costs to around A$620 per tonne.

CEO Dale Henderson said the project would strengthen Pilgangoora’s position on the global lithium cost curve and provide greater exposure to any recovery in lithium prices.

The company also plans to invest a further A$600 million to A$650 million in supporting infrastructure, including a new accommodation village, road upgrades and maintenance facilities, while funding the development from its A$2.3 billion cash balance and operating cash flows.

PLS revised its FY27 capital expenditure forecast to be between A$1.11 billion and A$1.18 billion to incorporate the P2000 expansion and associated infrastructure spending.

It said the P2000 expansion would also produce tantalum, a critical mineral used in electronics and defence, as by-product.

https://www.mining.com/web/pls-group-gr ... um-output/