Savannah Resources' Mina do Barroso project to add €437mln to Portugal's gross domestic product

Savannah Resources PLC's (LON:SAV) David Archer says a report has found that its Mina do Barroso lithium project could contribute nearly €1.2bn to the gross output of Portugal. The Socio Economic Impact Report suggests the project will boost Portugal's annual export revenue from metal ores by 20% with its projected €110mln per year of lithium sales. It is expected that the mine will generate up to 2,800 direct and indirect jobs during the construction phase and nearly 1,500 during the operational phase.