28 June 2024
Savannah Resources
Plc
(AIM: SAV, FWB: SAV and SWB:
SAV) ('Savannah', or the
'Company')
Investor
Presentation
Savannah Resources Plc, the
developer of the Barroso Lithium Project (the 'Project') in
Portugal, Europe's largest spodumene lithium deposit,
is pleased to announce that an updated Corporate
Presentation will be available today for download from the
Company's website at https://www.savannahresources.com/investors/presentations/.
In addition, Emanuel Proença, Chief
Executive Officer, provided a live investor presentation via the
Investor Meet Company platform on Thursday 27 June 2024. The
recording of the live presentation will be made available on the
website today at: https://www.savannahresources.com/media/videos/.
Savannah - Enabling Europe's energy
transition.
**ENDS**
Follow @SavannahRes on X
Follow
Savannah Resources on LinkedIn
For further information please
visit www.savannahresources.com
or contact:
|
Savannah Resources PLC
Emanuel Proença, CEO
|
Tel: +44 (0) 20 7117 2489
|
|
SP
Angel Corporate Finance LLP (Nominated Advisor & Joint
Broker)
David Hignell/ Charlie Bouverat
(Corporate Finance)
Grant Barker/Abigail Wayne (Sales
& Broking)
|
Tel: +44 (0) 20 3470 0470
|
|
SCP
Resource Finance (Joint Broker)
Filipe Martins/Chris
Tonkin
|
Tel: +44 (0) 204 548 1765
|
|
Camarco (Financial PR)
Gordon Poole/ Emily Hall / Nuthara
Bandara
|
Tel: +44 (0) 20 3757 4980
|
|
LPM
(Portugal Media Relations)
Herminio Santos/ Jorge Coelho/
Margarida Pinheiro
|
Tel: +351 (0) 218 508 110
|
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".