RNS Number: 0252 Z Savannah Resources PLC 15 May 2019 15 May 2019. Aldeia Delivers Highest-Grade Lithium Mineralisation to Date Including 22 m@ 2% Li 2 0. Mina do Barroso Lithium Project, Portugal.
Savannah Resources plc, the resource development company, welcomes the news that France and Germany have established a European cross-border battery cell consortium with the objective of developing next-generation batteries for electric vehicles and have announced an initial investment of between €5 bn to €6 bn in the initiative..
Savannah Resources plc, the resource development company, welcomes the news that France and Germany have established a European cross-border battery cell consortium with the objective of developing next-generation batteries for electric vehicles and have announced an initial investment of between €5 bn to €6 bn in the initiative..
Savannah Resources* (SAV LN) 5.7p, Mkt Cap £50.2m – Moving to secure 100% of Mina do Barroso lithium project • Savannah Resources has announced its intention to increase its existing 75% ownership of the Mina do Barroso lithium project in Portugal to 100% through a share based acquisition of the remaining 25% interest. • The company plans to issue an additional 163m shares, representing approximately 15.6% of the enlarged share capital of Savannah Resources, to the existing owners including Slipstream Resources, which will increase its current 5.1% interest to a 16% shareholding in Savannah Resources as a result of the transaction. • The transaction, which will be subject to shareholder approval, and involves issuing approximately US$11.9m of Savannah Resources shares at US$0.073/share, values the entire Mina do Barroso project at approximately US$47.6m. • Commenting on the move towards full ownership of the project, Savannah’s CEO, David Archer, welcomed the simplification of the ownership structure and confirmed that the “Company remains focused on completing the Project's Definitive Feasibility Study and Environmental Impact Assessment and permitting process, which will allow a development decision to be made.” • Slipstream Resources’ CEO, Geoffrey Stewart, emphasising their support for Savannah Resources’ strategy towards the project said “It has been a truly remarkable achievement that, in under two years, Savannah has developed what was a promising exploration project into what is likely to be Europe's first significant producer of high-grade, low impurity spodumene concentrate. We are excited and confident that the Project will become both economically and strategically important in Europe's rapidly developing EV industry." Conclusion: Savannah Resources has advanced the Mina do Barroso lithium project quickly since it became involved and the restructuring of the ownership is a pragmatic move which appears to enjoy the support of Slipstream Resources and the other minority owners of the project. We welcome the confirmation of the priority being given to the Definitive Feasibility Study in order to reach a development decision. *SP Angel acts as Nomad to Savannah Resources
Savannah Resources Plc (SAV.L) Announced that it has entered into a term sheet, to acquire the minority 25% shareholding in Savannah Lithium Lda, which owns the Mina do Barroso Lithium Project in Portugal. The transaction will take company's ownership of the project to 100% ahead of the completion of the Feasibility Study and a decision to mine.
Agreement to secure 100% control of the Mina do Barroso Lithium Project in Portugal. ·Savannah intends to secure 100% control of its flagship asset, the Mina do Barroso Lithium Project in Portugal, Europe's most significant spodumene lithium deposit, via an all share offer. ·Consideration is to be satisfied through the issue of 163 million new ordinary shares in...
Savannah Resources* (SAV LN) 5.7p, Mkt Cap £49.8m – Mina do Barroso lithium Mineral Resource increase Ongoing exploration drilling at the hard-rock Mina do Barroso lithium project has yielded a significant 17% increase in the overall JORC 2012 Compliant Measured, Indicated and Inferred Resource, which now stands at 23.5Mt @ 1.02% Li2O for 241,000t contained Li2O. The latest resource is the fourth increase achieved in less than 14 months. The update represents a 28% increase in Measured and Indicated Resource to 13.3Mt @ 1.0% Li2O, encompassing 58% of the total Mineral Resource. Reverse Circulation (“RC”) and diamond drilling has focused on both improving the Mineral Resource Estimate category of the existing Mining Inventory, as well as targeting areas in and close to the potential open pit mining areas. Grandao: 100% of the Mining Inventory within the stage one Grandao pit defined in the June 2018 Scoping Study being converted to either Measured or Indicated category. The Grandao deposit comprises two main pegmatite intrusions with additional minor parallel lenses. Confirmed spodumene-dominant lithium grade zonation occurs within the pegmatites, with weakly mineralised zones evident at the margins of the dykes. The Grandao Mineral Resource Estimate is based on results from 92 RC drill holes, 31 diamond holes and 25 RC holes with diamond tails completed by Savannah between 2017 and 2019. Pinheiro: The Pinheiro Deposit comprises a cluster or swarm of pegmatite bodies striking broadly NS and dipping steeply to the east, defined over a strike of 250m with an average thickness of 10-20m. The Pinheiro Mineral Resource Estimate is based on results from 10 RC drill holes and 2 diamond holes completed by Savannah in 2018 and both modelled pegmatite zones remain open either along strike or down dip. At Mina do Barroso, lithium mineralisation occurs predominantly in the form of spodumene-bearing pegmatites, which are hosted in metapelitic and mica schists, and occasionally carbonate schists of upper Ordovician to lower Devonian age. NOA: The NOA Deposit is hosted in steep dipping NW trending tabular pegmatite which has a true width of 5-10m thick. The deposit outcrops over a strike length of 420m. The estimate is based on results from 22 RC and two diamond drill holes all completed by Savannah in 2017 and 2018. Approximately 80% of the mining inventory defined in the scoping study for the NOA open pit is now in an Indicated Mineral Resource category, while the deposit remains open along strike and at depth. Savannah have defined a Mineral Resource Estimate from four deposits in the Mina do Barroso project area, remaining open and untested by drilling either down dip or along strike. To quantify the potential of the Project beyond the currently defined Mineral Resource Estimates, an Exploration Target for the Grandao and Reservatorio Deposits of 9-15Mt at 1.0% to 1.2% Li₂O. This gives a project target of 32-38Mt at 1.0-1.2% Li₂O incorporating the existing Mineral Resource Estimate. In addition, there are numerous other outcropping pegmatite dykes that require drill testing to determine if they are also lithium bearing, offering significant exploration upside. Detailed test work by Savannah has also demonstrated a large proportion of the assayed iron is unfairly due to contamination from the abrasion of steel sample preparation equipment. 208 duplicate samples were submitted for analysis using ceramic sample preparation equipment, with a 41% fall in Fe-content. The amount of contamination increased with lithium content, so a regression formula was developed to factor the Fe grade based on the lithium grade, and applied to the resource statement to better estimate the true iron content. Conclusion: SP Angel are pleased to see sustained and rapid exploration work has yielded the fourth successive resource increase, which cements the Mina do Barroso project as a crucial source of European lithium. We look forward to understanding the true scale of the project area with subsequent exploration programmes, and the impact on project economics. *SP Angel acts as Nomad to Savannah Resources
Savannah Resources Plc (SAV.L) Announced a significant increase in the JORC 2012 Compliant Measured, Indicated and Inferred Mineral Resource Estimate, with supporting Exploration Target at the company's flagship asset, the Mina do Barroso Lithium Project (Mina do Barroso or the Project), located in northern Portugal. This is the fourth major increase in the Mina do Barroso Mineral Resource and it has been achieved in less than 14 months. The increasing Mineral Resource highlights the continued growth potential for the Project which is underscored by the Exploration Target remaining unchanged. With a potential mining inventory of over 30Mt, it has a long-life asset that can become a secure, long term supply source of lithium which is a strategic metal for the burgeoning battery and Electric Vehicle industries of Europe.
RNS Number: 5067 V Savannah Resources PLC 09 April 2019. Mineral Resource Increase of 17% to 23.5 Mt at Mina do Barroso Lithium Project. ·Continued resource expansion at Mina do Barroso, increasing the Project's lead as Western Europe's most significant spodumene lithium Mineral Resource.
RNS Number: 9462 R Savannah Resources PLC 06 March 2019. Implementation of New Long-Term Incentive Plan. Awards under the LTIP take the form of options over the Company's ordinary shares of 1 pence each, which are exercisable from the third anniversary of the date of grant, at an exercise price determined by the Remuneration Committee.
Savannah Resources Plc (SAV.L) Announced further results from the ongoing Reverse Circulation (RC) drilling programme at the Mina do Barroso Lithium Project located in northern Portugal. The Project, currently with a 20Mt Mineral Resource, is Western Europe's most significant new spodumene lithium discovery.
Savannah Resources* (SAV LN) 5.4p, Mkt Cap �47.2m – Significant new high-grade lithium discovery Reverse Circulation (“RC”) drilling on Aldeia Block A has identified a new higher-grade pegmatite body approximately 2km south-east of the existing Grandao deposit; drawing total discoveries to five with subsequent priority targets. 21 assayed holes consistently intersected pegmatite over a strike length of 200m, while being traced down dip for a distance of over 200m. RC drilling is ongoing, focusing on delineating the pegmatite down dip and along strike, building on the 27 holes drilled for 2,031m. Fast-tracked drilling aims to define the potential size and metallurgy of Pinheiro and Aldeia pegmatites for potential incorporation into the Mina do Barroso expanded and fully funded DFS, aiming to build on lithium grades including: 21m at 1.50% Li₂O from 34m in 19ALARC03 14m at 1.41% Li₂O from 37m in 19ALARC004 11m at 1.50% Li₂O from 54m in 19ALARC005 Diamond drilling to collect metallurgical test samples at Pinheiro has been completed and work at Aldeia is expected to be completed in March. Savannah entered a Pledge and Purchase Agreement for the Aldeia License Area, following the award of a mining concession from the relevant government, for a total Option Purchase Price of €358,000. The total purchase price for the acquisition of the Aldeia Licence Area (once approved under the mining lease) is €3.25m. Conclusion: The discovery of highly prospective new pegmatites at Mina do Barroso is significant for expanding the current 20Mt Mineral Resource, with the potential to extend the existing mine life of 11 years. The expanding resource is significant for Savannah Resources who target the most significant spodumene development plan in Western Europe, with base load feed of spodumene potential for a lithium refinery as European EV growth is beginning to accelerate. *SP Angel acts as Nomad to Savannah Resources
RNS Number: 6582 R Savannah Resources PLC 04 March 2019. Significant New Higher-Grade Lithium Discovery. Mina do Barroso Lithium Project, Portugal.
Savannah Resources* (SAV LN) 4.9p, Mkt Cap �43.6m – Further drilling confirms continuity of lithium mineralisation Ongoing RC and diamond drilling continues to yield positive lithium mineralisation at the Mina do Barroso Lithium Project in northern Portugal, with the programme focusing on building confidence in the continuity of mineralisation and geological modelling at Grandao and Reservatorio. A total of 307 holes for 25,757m have been drilled to date at the project, which primarily focuses on the Grandao, Reservatorio and NOA deposits. Drilling at the Grandao deposit has concentrated on both gaining further confirmation of the down dip extension of the main pegmatite body and acquiring representative samples for metallurgical testing. Exploration efforts indicate the ore body lithium concentration increases with thickness to the west, as the pegmatite increases to approx. 50m true width, while continuing to be open to the west. Key lithium intersections at Grandao include: 46.11m at 1.04% Li₂O from 157.44m in 18GRARC125 (diamond tail) 19.70m at 1.28% Li₂O from 174m in 18GRARC0122 (diamond tail) 15.27m at 1.37% Li₂O from 137.73m in 18GRARC125 (diamond tail) Diamond tail drilling also confirms mineralisation at depth in an interpreted steep dipping pegmatite body, providing a viable target to increase the resource. Geotechnical drilling at Reservatorio deposit aimed to test the structural characteristics of the rock defining the proposed pit wall, with the diamond rig extracting oriented core for structural measurements. The results have been sent to consultants Knight Piesold to analyse and assess the suitability of the proposed pit design. Results from the assaying continue showing significant mineralisation at depth, including: 36m at 1.15% Li₂O from 62m in 18RESDD008 The last of the results from the RC drill programme at Pinheiro were received at the end of 2018 and further confirm the presence of lithium mineralisation in the larger pegmatite bodies and indicate the possibility of a reasonably sized resource at the prospect. Further drilling will be planned to define the extent of the pegmatite field with the aim of increasing the size of the defined mineralisation. The diamond drill rig continues to work on the collection of metallurgical samples at the Grandao Deposit The RC rig commenced drilling on the Aldeia ground in mid-January 2019 with 20 RC holes for 1,268m drilled to the week ending 1 February Conclusion: We continue to be impressed with the positive lithium mineralisation from the ongoing drilling programme and efforts towards expanding the resource at the Mina do Barroso project. We look forward to understanding the scale of the prospect in the Definitive Feasibility Study as the Company progress the project towards Europe’s most significant lithium spodumene producer. *SP Angel acts as Nomad to Savannah Resources
Savannah Resources Plc (SAV.L) Announced the Reverse Circulation (RC), diamond infill and extensional drilling at the Grandao, Reservatorio and Pinheiro Deposits confirms the continuity of mineralisation in the areas tested and Key lithium intersections at Grandao include 46.11m at 1.04% Li��O from 157.44m in 18GRARC125 (diamond tail), 19.70m at 1.28% Li��O from 174m in 18GRARC0122 (diamond tail) and 15.27m at 1.37% Li��O from 137.73m in 18GRARC125 (diamond tail). Moreover, the company informed that drilling has focused on building confidence in the continuity of mineralisation at Grandao and Reservatorio, with recent results confirming the geological model for these deposits and positive results at Pinheiro have shown that additional drill testing is required to further define the full extent of the lithium mineralization. The diamond drill rig continues to work on the collection of metallurgical samples at the Grandao Deposit and the RC rig commenced drilling on the Aldeia ground in midJanuary 2019 with 20 RC holes for 1,268m drilled to the week ending 1 February. Results underpin the company's strategy of aiming to become Europe's most significant producer of lithium spodumene concentrates in response to the growing demand from the expanding European Electric vehicle market
RNS Number: 5536 P Savannah Resources PLC 11 February 2019. Continuity of Lithium Mineralisation Confirmed Through Further Drilling at the Grandao, Reservatorio and Pinherio Deposits, at the Mina do Barroso Lithium Project, Portugal. �Reverse Circulation, diamond infill and extensional drilling at the Grandao, Reservatorio and Pinheiro Deposits confirms...
Savannah Resources Plc (SAV.L) Announced that it has reported excellent metallurgical test work results continue to show that a conventional, 6% Li��O, low impurity concentrate can be produced with high recoveries. The test work on drill core samples from the Grandao deposit has produced concentrates containing 6%-6.5% Li2O, with corresponding lithium recoveries in excess of 80%, while the Grandao deposit currently represents the first five years of mine production, and test work is underway to gauge the variability in metallurgical response that might be expected. The lithium concentrates produced have low iron and impurity levels with market research and initial customer discussions indicating that such concentrates should be suitable for conversion to either lithium carbonate or lithium hydroxide for use in lithium ion batteries. The company added that planning underway to run a pilot programme on a bulk sample of ore to define the process flow sheet to a level suitable for final plant design and work is continuing on testing other deposits within the project area.
Savannah Resources* (SAV LN) 5p, Mkt Cap �44.1m – Excellent test work from Mina do Barroso lithium • Ongoing test work at the Mina do Barroso exploration project in Portugal yields conventional 6-6.5% Li2O, low impurity concentrate with recoveries in excess of 80%. • Samples from the Grandao deposit, which currently represents the first five years of mine production, have produced concentrates with low iron and impurity levels with market research and initial customer discussions indicating suitability for conversion to either lithium carbonate or hydroxide for use in Li-ion batteries. • The project is targeting an average annual production of 175,000t of spodumene concentrate at a grade of 6% Li2O. Process development is also aiming at the production of feldspar and quartz by-products to feed into the regional ceramics industries. • Testwork conducted in Perth at ALS Laboratories was conducted on fresh pegmatite composite with the Li2O head grade of 1.3% - higher than that 1.1% previously assumed in the scoping study. • The spodumene concentrate produced had an unoptimized grade of 6.15% Li2O at a lithium recovery of 82.4%. One test produced a concentrate Li2O grade of 6.50% at a reduced Li2O recovery. Conclusion: Positive test work give robust validation for the processing and development of Mina do Barroso lithium ore. We look forward to understanding the results of the planned pilot scale testing on Grandao bulk samples and variability work on other deposits within the project area. Low iron and impurity content gives strong indication for the potential value add processing to supply the growing European battery industry. *SP Angel acts as Nomad to Savannah Resources
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Company Profile

Savannah Resources Plc is a multi-commodity development company focused on building cash generative and profitable mining operations. The Company operates a strategic portfolio of assets, spanning near term production potential and longer term development opportunities: MINA DO BARROSO, PORTUGAL - Opportunity to become the first lithium producer in Europe via fast-paced development strategy BLOCK 4 and 5 COPPER BLOCKS, OMAN – Awaiting mining licence - offers near term production potential (Blocks 4 and 5) Jangamo / Mutamba Heavy Mineral Sands Project, Mozambique - Being developed in partnership with mining major Rio Tinto with a view to building a dry mining operation The Company is listed and regulated on AIM and the Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB) under the symbol "SAV", and the Börse Stuttgart (SWB) under the ticker "SAV".

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Salisbury House
London Wall
EC2M 5PS
London
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