Savannah Resources PLC · LSE:SAV
Savannah Resources — Shareholder Meeting (June 2022)
21 slides from Savannah Resources's shareholder meeting presentation, Jun 8, 2022
Slide 1: Enabling Europe's Energy Transition
Enabling Europe’s Energy Transition AGM Presentation 8 June 2022 Europe’s Leading Conventional Lithium Project
Slide 2: 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 3: Contents
Contents 1. Introduction to Savannah Resources 2. Market context 3. Barroso Lithium Project - Update 4. Summary 3
Slide 4: Savannah Resources – at a glance
Savannah Resources – at a glance KEY DATA SHAREHOLDER ANALYSIS3 Analyst Coverage MARKETS AIM, FWB, SWB Date of last Recommendation & TICKER – ALL MARKETS SAV Al Marjan research Price Target 15.9% SHARE PRICE1 4.3p Dec 2021 Buy – 17.9p Institutions AVERAGE DAILY VOLUME (last 6M) 3.74 million shares R
Slide 5: The Barroso Lithium Project – Savannah's opportunity
The Barroso Lithium Project – Savannah’s opportunity 1 LOCATED IN EU MEMBER STATE PORTUGAL 100% OWNED – EUROPE’S LARGEST EUROPEAN LITHIUM SPODUMENE PURE PLAY LITHIUM PROJECT; ROBUST ECONOMICS SIGNIFICANT REGIONAL SIGNIFICANT LITHIUM DEMAND & EXPLORATION ROBUST PROJECT POTENTIAL ECONOMICS A POTENTIAL
Slide 6: The Barroso Lithium Project – strategically important to Europe
The Barroso Lithium Project – strategically important to Europe A responsibly managed domestic source of lithium raw material vital for Europe’s lithium battery value chain Project positives: EUROPE’S LITHIUM BATTERY VALUE CHAIN • Scale: Europe’s largest spodumene lithium hard rock resource; Annual
Slide 7: An Experienced Board of Directors
An Experienced Board of Directors MATTHEW KING, CHAIRMAN DALE FERGUSON, TECHNICAL DIRECTOR Having qualified as a solicitor with Slaughter and May, Matthew Over 25 years of experience across greenfield and near mine held a number of risk management positions with HSBC in Asia, exploration, resource d
Slide 8: And an Experienced Executive Management Team
And an Experienced Executive Management Team DAVID ARCHER, CHIEF EXECUTIVE OFFICER1 JOAO BARROS, PORTUGAL COUNTRY MANAGER Over 30 years’ experience in the international mining An engineer with more than 17 years of relevant experience in industry including the operation and management of coal, proje
Slide 9: A clear path for increased valuation
A clear path for increased valuation Savannah to unlock value by passing milestones on its way to production Value can be unlocked through positive progress: Spodumene peer group valuations1 Value from project milestones: 6,000 Production •Licensing approvals 5,000 •DFS & decarbonisation approach 4,
Slide 10: Europe's issue: climate change targets = raw material challenges
Europe’s issue: climate change targets = raw material challenges The targets: •The EC’s1 latest emissions reduction proposals include: •The EC also wants to: •A 55%+ reduction in total greenhouse gas •Maintain and grow its auto industry Li emissions by 2030 (vs. 1990 level) (13.8m jobs; 7% of EU GDP
Slide 11: The Solution: Europe is developing its own Lithium Battery Value Chain
The Solution: Europe is developing 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 for its strategic autonom
Slide 12: The Lithium value chain build out is underway in Portugal
The Lithium value chain build out is underway in Portugal Barroso Lithium Project Leixões deep THE BARROSO LITHIUM PROJECT (SAV, 100%): water port AURORA JV (50:50 GALP: NORTHVOLT): • Production capacity: 175ktpa+ spodumene concentrate • Refinery Plan: Lithium hydroxide plant (c.25ktpa LCE/29kt Lith
Slide 13: Barroso Lithium Project overview – Quality and Opportunity
Barroso Lithium Project overview – Quality and Opportunity Project qualities: •Europe’s largest resource of hard rock spodumene lithium •Mineralisation from surface + significant exploration upside •Clean, battery grade spodumene concentrate product •30-year mining lease1 and a 3-block mining lease
Slide 14: EIA Update
EIA Update • 2018-2020: EIA framework agreed & baseline studies completed 01 Mar-18 • May 2020: Comprehensive EIA submitted • April 2021: EIA documents were declared to be ‘in conformity’ with APA’s requirements on 16 Apr-21 01 Jun-20 • April – July 2021: Public consultation exercise completed 16 Ap
Slide 15: Processing circuit finalised – a major milestone for the DFS
Processing circuit finalised – a major milestone for the DFS1 Key flowsheet outcomes: •A high quality spodumene concentrate, in line with current industry product specifications •Li2O recoveries in the range of 70-79.5% at laboratory scale (Average 75.3%) with low levels of impurities •Complies with
Slide 16: Decarbonisation Strategy: Initiated Mar-22
Decarbonisation Strategy: Initiated Mar-22 Decarbonisation options available to Savannah What is the scale of the task? 2020 EIA estimate Pre-Decarbonisation strategy Maximum annual CO2 equivalent emissions (t) Scope 1 & 2 62,000 Scope 3 34,200 Total 96,200 •ECOPROGRESSO’s EIA study estimated maximu
Slide 17: Savannah's 'Best in Class' ESG focus for responsible development
Savannah’s ‘Best in Class’ ESG focus for responsible development Environmental Social Governance •Smart design: 238 individual measures •Careers: Direct & indirect Job creation •High Governance standards: Aligned to eliminate or mitigate impacts and training with LSE & QCA guidelines •Decarbonisatio
Slide 18: Spodumene Offtake – a seller's market
Spodumene Offtake – a seller’s market Spodumene & Lithium Chemical prices (US$/t) Price backdrop & Impact 80,000 3,500 3,000 •Record prices seen in 2021/22 as demand for spodumene and lithium chemicals 60,000 2,500 grew 2,000 40,000 •Spodumene prices rose over 500% in 2021 and approached US$3,000/t
Slide 19: Current Timeline to Production
Current Timeline to Production 2022 targets 2017-20 achievements Finalise process flowsheet •EIA process: Receive DIA award & Project acquisition and Initiate EIA RECAPE phase expansion (C-100 & Aldeia) •Present Benefit Sharing Plan as part of Definition of largest ongoing Stakeholder Engageme
Slide 20: Summary
Summary Highly favourable commodity markets dynamics 6,000 Spodumene peer group valuations4 Production •European demand to grow rapidly: 18x growth in Li demand by 2030, 60x by 5,000 20501 Mkt Cap (US$m) 4,000 •Growing focus on supply chain security: Europe looking to cover 60% of its 3,000 future l
Slide 21: Questions?
Leadership in Building Responsible Lithium Resilience Questions? www.savannahresources.com info@Savannahresources.com Follow Savannah Resources on LinkedIn Follow @SavannahRes on Twitter 21