Savannah Resources Plc · LSE:SAV
Savannah Resources — Investor Presentation (October 2026)
48 slides from Savannah Resources's investor presentation, October 2026
Slide 1: Savannah Resources
savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes #EnergyofBarroso
Slide 2: BLP: Investor Meet Company October 2026
‘BLP’: INVESTOR MEET COMPANY OCTOBER 2026
Slide 3: Disclaimer
Disclaimer The information contained in these slides and the accompanying oral presentation (together, the "Presentation") have not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 ("FSMA"). If any person is in any doubt as to the contents of th
Slide 4: Agenda
Agenda • Key messages • Fundraise wrap up & recent/upcoming work • The main elements of the DFS • Financing Structure • Stakeholder engagement • Takeaways 2
Slide 5: Key messages on where we are right now
5 Key messages on where we are right now Savannah’s “Barroso Lithium Project” • 1 Globally competitive – C1 & AISC costs in 2nd quartile of global cost curve2, lower than Porto most producers, even in Australia, China, Africa; From within the EU; Achievable to-be- SPAIN EUROPE funded Capex (US$ 418M
Slide 6: Agenda
Agenda • Key messages • Fundraise wrap up & current/upcoming work • The main elements of the DFS • Financing Structure • Stakeholder engagement • Takeaways 4
Slide 7: US$40m fundraise lifts reserves to c.US$53m
US$40m fundraise lifts reserves to c.US$53m European investors contributed 99% of funds raised Fundraise participation by investor type • Fundraise was well supported by all investor types, including retail Staff & Other, 0.5% Retail, • Increases Savannah’s reserves (cash & short-term treasuries) by
Slide 8: Savannah's Corporate Snapshot
Savannah’s Corporate Snapshot 100% focus on preparing the BLP for production A solid register built to support construction1 Continued momentum on delivery & derisking A strong free float: 4 very strong core Savannah's relative share price performance since Jan-24 55% free float split shareholders:
Slide 9: What the September US$40m fundraise makes possible
What the September US$40m fundraise makes possible Milestones achievable now to pre-construction start Pre-fundraise Post-fundraise Reserves: ~US$14M1,2 Reserves: ~US$53M1,2 Milestones achievable (Target by end of March 2027): RECAPE work & submission (and approval) RECAPE work & submission (and app
Slide 10: Current & upcoming work
Current & upcoming work Progressing towards delivery of major milestones before year end • Fieldwork: Final pre-construction drilling programme underway (geotechnical, hydrogeological and resource) • RECAPE: In advanced stages of preparation for submission later this quarter • FEED: Contractor selec
Slide 11: Development schedule - Focused on delivery
Development schedule - Focused on delivery Classified as EU Strategic Project Enviro. Conformity Check Project redesigned Completed resource drilling Final Investment Decision Positive DIA received Updated resource estimate Construction Start New Scoping Study Project financing started Complete buil
Slide 12: Questions (Pt 1)
Questions (Pt 1) Savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes
Slide 13: Agenda
Agenda • Key messages • Fundraise wrap up & current/upcoming work • The main elements of the DFS • Financing Structure • Stakeholder engagement • Takeaways 11
Slide 14: Phase 1 Definitive Feasibility Study Headlines
Phase 1 Definitive Feasibility Study Headlines Robust numbers confirming Savannah’s competitive position DFS Stage 1: Key Numbers1 20Mt 14 Years 5.2:1 1.5Mtpa 70% 2.6Mt 600ktpa US$ 1788/t Maiden JORC Average Strip ratio Total Spodumene Initial Phase 1 Life of Mine Throughput rate Li2O recovery rate
Slide 15: Overview: Barroso Lithium Project Phase 1 DFS
Overview: Barroso Lithium Project Phase 1 DFS1 World-class results with significant value from the first 20Mt High Quality, Low Cost, Low Risk, Low Impact Mine & Plant processing to SC5.5%. 2nd quartile in global C1 & AISC cost curves, while complying with EU regulations. Open-pit, conventional proc
Slide 16: Significant additional value remains to be unlocked
Significant additional value remains to be unlocked As Phase 1 (Post-tax NPV8 US$913M) moves into construction PHASE 3 Industrial Expansion, PHASE 2 Economies of Scale Reserve Growth, further Geology • Plant duplication potential: crushing, pads, water circuit, roads built with spare • 39Mt Resource
Slide 17: Capex breakdown: total of US$418m
US$m 100 150 200 250 300 350 400 450 00 50 Contractor indirects 13 As per RNS, 15 July 2026 Owners costs 25 General site wide and bulk… 11 Haul roads 05 Plant mobile equipment 04 Buildings infrastructure 05 Tailings storage facility 09 Ponds 16 Power supply 09 Access roads 09 Bypass road 61 Land acq
Slide 18: Opex: In 2nd quartile of the 2030 global cost curve
Opex: In 2nd quartile of the 2030 global cost curve1 With a SC5.5 C1 cost of US$473/t and an AISC2 of US$646/t 25 92 790 56 169 642 646* - 169 64 27 194 473* - 88 275 *SC5.5 C1 and AISC costs equivalent to SC6 costs of US$516/t and US$705/t respectively As per RNS, 15 July 2026; 1. Benchmark Mineral
Slide 19: The Project is most geared to the spodumene lithium price
The Project is most geared to the spodumene lithium price ± 4-7% effect only of ±10% in Opex or Capex, low sensitivity to power or fuel costs +/-19% +/-7% +/-4% +/-1% As per RNS, 15 July 2026 savannahresources.com | #EnergyofBarroso | info@Savannahresources.com | @SavannahRes 17
Slide 20: Flowsheet – conventional, low risk
Industrial area Flowsheet – conventional, low risk Process design highlights Designed by Sedgman-Minsol Simple DMS + Flotation to produce a very clean SC5.5% Li2O Reagents are all environmentally friendly & EU Reach compliant Plant located to reduce noise & visual impact on local communities Primary
Slide 21: Industrial area
Industrial area From access & offices to plant, dispatch & TSF 1. Access road 2. Power substation 4. Drill & Blast 5. Excavation & Truck loading 3. Offices & facilities 6. Ex-pit hauling (Waste) 10. Spodumene & By- products dispatch Mining schedule profile 7. Ex-pit hauling (Ore) 11. Dry-stacked tai
Slide 22: Industrial footprint
Industrial footprint Supporting Infrastructure & Mining areas 11km North access NOA independent road included Reservatório Existing power line rerouting, connection Grandão & substation (80% Renewable power) Plant 17km shared Boticas Pinheiro bypass road included Aldeia TSF & Waste Areas: Dry-stack
Slide 23: Industrial footprint: potential expansion
Industrial footprint Potential expansion within hauling distance 1.5 km Plant area 6.5 km As per RNS, 15 July 2026 savannahresources.com | #EnergyofBarroso | info@Savannahresources.com | @SavannahRes 21
Slide 24: Critical path to production, 2027–2029
Critical path to production, 2027–2029 Activity Q1 2027 Q2 2027 Q3 2027 Q4 2027 Q1 2028 Q2 2028 Q3 2028 Q4 2028 Q1 2029 Q2 2029 Q3 2029 Q4 2029 FID (final investment decision) North access road HV power Internal roads Water reservoirs Tailings storage facility (TSF) Bulk earthworks Process plant con
Slide 25: Agenda
Agenda • Key messages • Fundraise wrap up & current/upcoming work • The main elements of the DFS • Financing Structure • Stakeholder engagement • Takeaways 23
Slide 26: Funding – Project Finance well advanced to FID
Funding – Project Finance well advanced to FID A clear path underway for >12 months now, with many options Project Finance Structure Offtake Strategy 2 alternative solutions through (i) KFW / a commercial Key bankable requirements already stressed with bank syndicate with ECA support vs. (ii) pu
Slide 27: Agenda
Agenda • Key messages • Fundraise wrap up & current/upcoming work • The main elements of the DFS • Financing Structure • Stakeholder engagement • Takeaways 25
Slide 28: Local Engagement will continue to be a top priority
Local Engagement will continue to be a top priority Being part of the community, working for the good of the region ANNOUNCED MORE PARTNERSHIPS SECURED DETAILS TO BE ANNOUNCED Breathing New Life Hunting & Fishing Health 3 Local Government Authorities into Barroso Associations of Boticas (incl. Regio
Slide 29: Agenda
Agenda • Key messages • Fundraise wrap up & current/upcoming work • The main elements of the DFS • Financing Structure • Stakeholder engagement • Takeaways 27
Slide 30: Key messages on where we are right now
5 Key messages on where we are right now Savannah’s “Barroso Lithium Project” • 1 Globally competitive – C1 & AISC costs in 2nd quartile of global cost curve2, lower than Porto most producers, even in Australia, China, Africa; From within the EU; Achievable to-be- SPAIN EUROPE funded Capex (US$ 418M
Slide 31: A unique project progressing
A UNIQUE PT Government 10+ local Deals DFS & Reserve European Com. PROJECT €110m grant awarded Validated by globally Selected as a Strategic Cooperation agreements + AICEP / CPAI support with various local entities recognized sector experts Project under CRMA + Easement & Resolution PROGRESSING F A
Slide 32: Questions (Pt 2)
Questions (Pt 2) Savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes
Slide 33: Slide 33
Slide 34: Appendices
APPENDICES Savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes
Slide 35: Board & Management
Board & Management Savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes
Slide 36: Key Team
Key Team F O R P R OJ E C T D E L I V E R Y I S Emanuel Proença CEO BEING SET UP 10 years in CEO and senior leadership roles including in alternative fuels & mobility Key Staff to Deliver the Project Henrique Freire Michael McGarty CFO CCO 9 years as CFO in a listed 30 years of international financi
Slide 37: Key Team
Key Team Rick Anthon Chair 30+ yrs as an Exec & Lawyer. 10 yrs in Lithium with Orocobre E S TA B L I S H E D /Allkem from IPO to 2023 US$11Bn merger with Livent F O R P R OJ E C T DELIVERY Diogo da Silveira Emanuel Proença Board Members CEO Deputy Chair 10 years in CEO and senior 20 years in top CEO
Slide 38: Reserves, Resources & Exploration Target
Reser ves, Resources & Exploration Target Savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes
Slide 39: Reserves, Resources & Exploration Target
Reserves, Resources & Exploration Target Potential to reach 100Mt+ in the long term across the Concessions Reserves & Resources JORC Reserve Tonnage Li2O Grade Fe2O3 grade Classification (Mt) (%) (%) Over 50,000m of drilling completed to date (Jul-26) Probable 20.0 0.99 1.00 Today: 20Mt JORC Reserve
Slide 40: Unrivalled as a spodumene project in the EU in terms of scale
Unrivalled as a spodumene project in the EU in terms of scale Now nearly 2x the next biggest project in terms of in-ground resources1 Decarbonizing at multi-country scale Phase 1: 500K EVs equivalent to… Today 21 million EVs2 ~40Mt 2.4x Total Portuguese car sales2 Future 100Mt ? Annual Portuguese ve
Slide 41: Peer group valuation
Peer group valuation Savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes
Slide 42: Peer group comps imply significant upside ahead
Peer group comps imply significant upside ahead Value will continue to be delivered as new milestones are passed Lithium sector P/NAV metrics1,2 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 SAVANNAH RES 0.24x Critical Elements 0.46x Frontier Lithium 0.32x Galan Lithium 0.36x Post DFS Lithium Americas
Slide 43: Global & European lithium market overview
Global & European lithium market over view Savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes
Slide 44: Lithium is in high demand with long-term drivers in place
Lithium is in high demand with long-term drivers in place Conditions for ramping up in 2029 should be optimal Tightening market conditions expected from 2026 - Global shortage expected to increase Local sourcing gaining importance with growing global geopolitical tension Global Lithium Supply & Dema
Slide 45: The macro-trends shaping lithium demand are unstoppable
The macro-trends shaping lithium demand are unstoppable 1. Electric Vehicle (EV) Proliferation: o The automotive sector is the bedrock of demand. Lithium remains the foundational component of batteries. Increasing battery sizes and advanced high-nickel chemistries (e.g., NMC 811) as well as cost-eff
Slide 46: Europe is taking action, with global participation
Europe is taking action, with global participation Creating its own ‘Lithium Battery Value Chain’ “Both the Covid pandemic and war in Ukraine have highlighted the fundamental need for resilient industrial value chains, including batteries, for the EU’s economic growth and decarbonisation as well as
Slide 47: Iberia will contribute strongly to building Europe's lithium value chain
Iberia will contribute strongly to building Europe’s lithium value chain Iberia has all the key ingredients SAV-AMG link is a great 1st step Sector is accelerating in Portugal Mining Refining Batteries/CAM Automotive 19% of EU vehicle production, cheap EU’s largest spodumene lithium resource A value
Slide 48: Thank You
Thank You Savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes
Savannah Resources — Investor Presentation (October 2026) on 6ix