Savannah Resources plc, the resource development company, announces that the total issued share capital of the Company consists of 1,047,459,820 ordinary shares of 1 pence each.. Savannah is a diversified resources group with a portfolio of energy metals projects- lithium in Portugal and copper in Oman- together with the world-class Mutamba Heavy Mineral...
Savannah Resources* (SAV LN) 5.0p, Mkt Cap £52.4m – Exercise option to acquire Aldeia mining lease • Savannah Resources adds to its 100% owned Mina do Barroso portfolio with the exercise of the Aldeia option to acquire the Aldeia mining lease application areas. • The option has been exercised over the 2.94km2 Aldeia mining lease application areas following successful exploration and promising drill results following the declared maiden JORC Resource. • A maiden JORC Mineral Resource Estimate of 3.5Mt at 1.3% Li2O was published for one deposit on Block A in May 2019 confirming significant pegmatite mineralisation. The grade represents the highest average of the five resource-bearing deposits, which is approx. 23% above the total resource average of 1.06% Li2O. • The deposit offers continuous upside, remaining open along strike to the north and down dip, with additional pegmatite targets in the vicinity. • Exercising the option has triggered a ‘Commitment to Purchase’ subject to prior approval of the competent government authorities, followed by submission for a Request to Transfer with the GEG ('Direcção-Geral de Energia e Geologia'). • The total purchase price for the acquisition of the Proposed Lease Area (once granted) is €3.25m, which would only be due once the Mining Lease Application has been granted and the Mining Rights transferred to Savannah's subsidiary. Once triggered, the agreed payment schedule consists of an initial €55,000 payment upon execution with the balance due in 71 equal monthly instalments. Conclusion – Exercise of the option signals Savannah long-term commitment to development of W. Europe’s most significant spodumene project. We look forward to understanding the true scale of spodumene inventory to support the accelerating electric vehicle market. *SP Angel acts as Nomad to Savannah Resources
Savannah Resources Plc (SAV.L) Announced that it has exercised its option with private Portuguese company Aldeia & Irmão S.A. to purchase a Mining Lease application which has to be made using a long-term, staged payment structure, commencing once the Mining Lease Application has been granted and the transfer of the mining rights to a the company’s nominee approved.
RNS Number: 4080 D Savannah Resources PLC 26 June 2019 26 June 2019. Savannah Exercises Option to Acquire the Aldeia Mining Lease Application. ·Savannah adds to its 100% owned Mina do Barroso Lithium Project portfolio in northern Portugal with the exercise of the Aldeia Option to Acquire the Aldeia Mining Lease Application areas.
Savannah Resources PLC: Vereinbarung über den Erwerb der Minderheitsbeteiligung von 25 % am Mina do Barroso Projekt, und Vereinbarung zum Ausgleich der aufgeschobenen Gegenleitung der Block-5-Lizenz in Oman.
Savannah Resources PLC: Agreement to Acquire the 25% Minority Interest in Mina do Barroso Project, and Agreement to Settle Deferred Consideration of Block 5 Licence in Oman.
Savannah Resources* (SAV LN) 5.15p, Mkt Cap £45.4m – Minority Interest acquisition at Mina do Barroso • Savannah obtain 100% interest in its flagship Mina do Barroso project in Portugal following approval at its AGM via an all-share transaction. The outstanding 25% interest was acquired from minority shareholders Slipstream Resources Investments, an existing shareholder in Savannah, which increase its interest to 16.1% from 5.1%. • Consideration has been satisfied through the issue of 163m new ordinary shares of 1p each in Savannah at US$0.073 (circa. 5.63p) per share, ~13% premium to the last closing share price, valuing the Transaction at circa US$11.9m. • Vendors have agreed to a 12-month lock-in arrangement on the Consideration Shares and a further 9-month orderly market restriction, following completion of the Transaction • Sole ownership of the project gives Savannah greater exposure to the rising electric revolution, controlling Europe's most significant spodumene lithium deposit, with a JORC Compliant Mineral Resource Estimate currently standing at 27Mt and offering fundamental domestic material into the fastest growing lithium-ion battery global battery market. • In addition, Savannah have signed an agreement with Gentor Resources to settle the deferred consideration related to the original acquisition of the Block 5 licence on 10 April 2014 as part of the strategic review of the Oman portfolio. • The deferred consideration of US$3m (payable 50% in cash) relating to the share purchase agreement between the parties shall be cancelled in full return for the issue of US$200,000 worth of Ordinary Shares which are subject to a six month orderly market agreement; and a cash payment of US$100,000. • CEO David Archer adds “as we move into a critical phase in the Project's definition, permitting and financing, we believe the simplified ownership structure has significant benefits, and provides our shareholders with greater exposure to the Project's long-term value.” *SP Angel acts as Nomad to Savannah Resources
Savannah Resources Plc (SAV.L) Announced that it has appointed Whitman Howard Limited to act as joint broker to the company with immediate effect. Separately, the company announced that it has agreed to acquire the 25% minority interest in Mina do Barroso Project. Consideration has been satisfied through the issue of 163 million new ordinary shares of 1p each in Savannah ('Ordinary Shares') at $0.073 (approximately 5.63p) per share, ~13% premium to the last closing share price, valuing the Transaction at approximately $11.9 million. Additionally, the company has signed an agreement with Gentor Resources Inc ('Gentor') to settle the deferred consideration that is related to the original acquisition of the Block 5 licence on 10 April 2014 as part of the strategic review of the Oman portfolio. The deferred consideration of $3,000,000 (payable 50% in cash) relating to the share purchase agreement between the parties shall be cancelled in full return for the issue of $200,000 worth of Ordinary Shares which are subject to a six-month orderly market agreement; and a cash payment of $100,000.
Agreement to Acquire the 25% Minority Interest in Mina do Barroso Project, and Agreement to Settle Deferred Consideration of Block 5 Licence in Oman. ·100% control of its flagship asset, the Mina do Barroso Lithium Project in Portugal, secured following approval at its AGM via an all-share transaction. ·Consideration has been satisfied through the issue of 163...
Savannah is a diversified resources group with a portfolio of energy metals projects- lithium in Portugal and copper in Oman- together with the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major Rio Tinto. The Company is listed and regulated on AIM and the Company's ordinary shares are...
Savannah is a diversified resources group with a portfolio of energy metals projects- lithium in Portugal and copper in Oman- together with the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major Rio Tinto. The Company is listed and regulated on AIM and the Company's ordinary shares are...
Savannah Resources* (SAV LN) 8.8p, Mkt Cap £10.0m – Significant upgrade in Mina do Barroso Mineral Resource • Savannah Resources continue to develop the most significant lithium spodumene deposit in Western Europe, with ongoing exploration efforts yielding a ~15% increase in overall Mineral Resource estimate. The latest statement represents the fifth major mineral resource increase in just 15 months. • The Mina do Barroso projects increases to 27Mt grading 1.06% Li2O for 285,900t contained Li20, with a maiden resource established at the Aldeia deposit. • A Mineral Resource estimate for the Aldeia lithium deposit has been prepared by Payne Geological Services. • The deposit comprises one main pegmatite and several minor parallel pegmatite bodies striking broadly NS and dipping at 35° to the west. he pegmatites have been defined over a strike of 250m and a dip extent of 340m with a typical thickness of 15m-30m, remaining open along strike to the north and down dip. • The deposit is defined by a total of 18 RC drill holes, 5 diamond holes and 6 RC holes with diamond tails. All holes were completed by Savannah in 2019. The holes were drilled on an approximate grid spacing of 20m-40m holes on 60m to 80m spaced cross sections. • Metallurgical test work continues at the project, with no sampling currently completed at Aldeia. Initial assessment of the mineralogy and chemistry suggest mineralisation is broadly similar to other deposits at Mina do Barroso. • The work was completed by Nagrom Metallurgical in Australia and confirmed that high-grade lithium, low-grade iron concentrate can be generated from the mineralisation using conventional processing technology. • Upgraded Exploration Target* for Mina do Barroso, now calculated at 11-19Mt at 1.0-1.2% Li₂O, giving a potential project mineral inventory range of 38 - 47Mt. Conclusion: Ongoing exploration continues to impress, with the fifth significant resource update in the last 15 months. We look forward to learning the true scale of the lithium resource, which will provide fundamental feed material to the growing European lithium battery industry. *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 an additional upgrade in Exploration Target at the company's flagship asset, the Mina do Barroso Lithium Project (Mina do Barroso or the Project), located in northern Portugal.
RNS Number: 6770 A Savannah Resources PLC 31 May 2019 31 May 2019. Mineral Resource Increase to 27 Mt. ·Continued resource expansion at Mina do Barroso confirming its position as Western Europe's most significant spodumene lithium mineral resource.
Savannah is a diversified resources group with a portfolio of energy metals projects- lithium in Portugal and copper in Oman- together with the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major Rio Tinto. The Board is committed to serving the interests of its shareholders and to...
Savannah Resources Plc (SAV.L) Announced, in its audited financial results for the year ended 31 December 2018, that its operating loss stood at £3.40 million, compared to £2.84 million in the preceding year. Loss after tax was £3.07 million compared to £2.99 million. The company’s diluted loss per share was 0.44p, compared to 0.53p.
Savannah Resources plc, the AIM quoted resource development company focused on developing the Mina do Barroso lithium mine in Portugal, and projects in Mozambique and Oman, is pleased to announce its audited financial results for the year ended 31 December 2018.. James 1 Room, Institute of Directors, 116 Pall Mall, London, SW1Y 5 ED at 10:00am..
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..
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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
London
EC2M 5PS
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