Investor Presentation

Savannah Resources PLC

21 June 2024

 

21 June 2024

Savannah Resources Plc

(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah', or the 'Company')

Investor Presentation

Savannah Resources Plc, the European lithium development company, is pleased to announce that Emanuel Proença, Chief Executive Officer, will provide a live investor presentation via the Investor Meet Company platform on Thursday 27 June 2024, 16:00 BST.

The presentation is open to all existing and potential shareholders. Investors who already follow Savannah on the Investor Meet Company platform will automatically be invited, while those not registered with the platform can sign up for free and add to meet Savannah Resources plc via:

https://www.investormeetcompany.com/savannah-resources-plc/register-investor

Questions can be submitted pre-event via your Investor Meet Company dashboard up until 26 Jun 2024, 09:00 BST, or at any time during the live presentation.

Savannah - Enabling Europe's energy transition.

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For further information please visit www.savannahresources.com or contact:

Savannah Resources PLC Emanuel Proença, CEO	Tel: [phone]
SP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker) David Hignell/ Charlie Bouverat (Corporate Finance) Grant Barker/Abigail Wayne (Sales & Broking)	Tel: [phone]
SCP Resource Finance (Joint Broker) Filipe Martins/Chris Tonkin	Tel: [phone]
Camarco (Financial PR) Gordon Poole/ Emily Hall / Nuthara Bandara	Tel: [phone]
LPM (Portugal Media Relations) Herminio Santos/ Jorge Coelho/ Margarida Pinheiro	Tel: [phone]

About Savannah

Savannah Resources is a mineral resource development company and the sole owner of the Barroso Lithium Project in northern Portugal, the largest battery grade spodumene lithium resource outlined to date in Europe.

Through the Barroso Lithium Project (the 'Project'), Savannah will help Portugal to play an important role in providing a long-term, locally sourced, lithium raw material supply for Europe's rapidly developing lithium battery value chain. After the Environmental Licence was granted in May 2023 and the Scoping Study confirmed the economic potential of the Project in June 2023, production is now targeted and on track to begin in 2026. At that stage, Savannah will start producing enough lithium (contained in c.190,000tpa of spodumene concentrate) for approximately half a million vehicle battery packs per year, equal to a significant portion of the European Commission's Critical Raw Material Act goal of a minimum 10% of European endogenous lithium production set for 2030. Savannah is focused on the responsible development and operation of the Barroso Lithium Project so that its impact on the environment is minimised and the socio-economic benefits that it can bring to all its stakeholders are maximised.

In June 2024, Savannah entered a strategic partnership with AMG Critical Materials N.V., the global critical materials business and established lithium market participant. AMG has invested GBP 16m in Savannah in exchange for a 15.8% stake in the Company and a 5 year, 45ktpa spodumene offtake agreement. This investment alongside existing cash provides Savannah with the finance required to take the Project to a Final Investment Decision point. AMG can increase its offtake to 90ktpa for 10 years if it provides an acceptable full project funding solution for the Project's construction.

The Company is listed and regulated on the London Stock Exchange's Alternative Investment Market (AIM) and the Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB) under the symbol FWB: SAV, and the Börse Stuttgart (SWB) under the ticker "SAV".

 

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