Savannah Resources Plc · LSE:SAV
Savannah Resources — Investor Presentation (November 2025)
31 slides from Savannah Resources's investor presentation, November 2025
Slide 1: Savannahresources.com
Savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes
Slide 2: The Barroso Lithium Project: Developing Europe's largest spodumene project
THE BARROSO LITHIUM PROJECT (BLP): Developing Europe’s largest Spodumene Project November 2025
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: At a Glance
Savannah Resources Main company features AT A GLANCE 100% owner of Europe’s largest lithium spodumene deposit, located in Portugal A European ‘Strategic Project’, Shareholding structure1 aligned with Portugal & EU strategies on domestic Li Battery value Increasing European shareholding with entry ch
Slide 5: Key Developments Since June 2025
Key Developments Since June 2025 Market 01Lithium price recovery 02 Equity investments in sector Spodumene prices up 57% Over US$450m invested in public since end of June driven by and private lithium equities during continued robust EV and the period, including investments stationary battery demand
Slide 6: Key Team
Key Team FOR PROJECT DELIVERY IS BEING SET UP Emanuel Proença Dale Ferguson CEO CTO Key Staff to Deliver the Project 10 years in CEO and senior leadership roles including in Geologist. 25 years in project development in a range of alternative fuels & mobility commodities, including lithium Accumulat
Slide 7: Set to start building next year, in production by 2028
Set to start building next year, in production by 2028 First phase will deliver lithium equiv. of >500k EV batteries per year Savannah’s Barroso Lithium Project Amongst the world’s most competitive projects A relevant size, even before scaling it up 2026 Spodumene AISC Cost Curve32 Feed for 1-2 proc
Slide 8: Globally competitive, with scale & concept proved
Globally competitive, with scale & concept proved Spodumene Projects with resources up to 100Mt1 Economics are robust2 100 3,000 Scoping study results, at average US$1464/t SC5.5 90 2,500 80 Mining Inventory 20.5Mt at 0.96%3 Li2O M, I & I resources (kt LCE) 70 Savannah M, I & I resources (Mt) 2,000
Slide 9: European Li-ion battery chain
Why this matters: it creates the foundation for the EUROPEAN LI-ION BATTERY CHAIN Iberia has all key ingredients SAV-AMG link is a great 1st step Sector is accelerating in Portugal Knock-on effect: de-risking & unlocking A co-catalyst of a revolution that has just been confirmed in Portugal of a hug
Slide 10: 2028 offers a good opportunity for ramp up of a new project
2028 offers a good opportunity for ramp up of a new project Tightening market conditions expected from 2027 Mid-term & Structural Trends SC Incentive Price at or above US$1500/t Price incentive, & EV product maturity Global Lithium Supply & Demand outlook1 Demand From fiscal push to 4,000 1600 struc
Slide 11: Europe's biggest spodumene deposit just got bigger
Europe’s biggest spodumene deposit just got bigger JORC Resource expanded by 40% to 39Mt at 1.05% Li2O1 Growth in resources at the Barroso Lithium Project 39 40% increase in tonnage over May-24 estimate. Now with c.27Mt (68%) in Measured & Mt 40 NOA Indicated ahead of first JORC Ald Reserve estimate
Slide 12: Potential for even more growth within the lease areas
Potential for even more growth within the lease areas Additional Project Exploration Target increased by 200%+1,2 35-62 200%+ increase in total Exploration Target tonnage to 35-62Mt at 0.9% - 1.2% Li2O1,2 Mt made up of: (i) Extensions to existing orebodies. All 5 orebodies 15-27 remain open along st
Slide 13: Unrivaled as a spodumene project in the EU in terms of scale
Unrivaled as a spodumene project in the EU in terms of scale Now nearly 2x the next biggest project in terms of in-ground resources1 Phase 1: 500K EVs equivalent to… Today ~40Mt 21 million EVs2 2.4x Total Portugal car sales2 Future 100Mt ? Annual PT vehicle production2 1.5x 54 million EVs2 34% Of BE
Slide 14: Significant Additional Upside: Aldeia Concession
Significant Additional Upside Aldeia Concession – within reach now Ideal location 2.74km2, 3 block, Mining Lease adjacent to C-100 Mining Lease Additional potential: 25 years initial duration (awarded Dec-24). Acquisition scheduled to be completed by end of 2025 Higher-grade Highest grade resource a
Slide 15: Significant Additional Upside to be Materialised
1 Resource Growth 3 More pegmatites Numerous new 40% growth in resources pegmatites still (39Mt) & 200%+ growth in to be tested inside the Exploration Target (35-62Mt)1 concession area confirmed in Sep-25 Significant But can grow further: All orebodies are open Great recent field results, with new s
Slide 16: Significant value upside to be captured
Significant value upside to be captured Ongoing project development to drive re-rating Significant long-term upside Further upside from lithium Lithium sector P/NAV metrics1 price recovery, resource growth, further partnerships SAV trades at 0.26x Now Canaccord’s post-tax NPV(10%) of US$486m2 (Post
Slide 17: Summary
Summary A N I M M E D I AT E Follow the Trend Value opportunity today INVESTMENT Large stakes acquired by AMG & Positioned for lithium price recovery in late OPPORTUNITY key PT investors. Lithium up 57% since 2020s; Peers saw 2000% uplift in last price W I T H M U LT I P L E end of June. Positive li
Slide 18: Appendix
Appendix Savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes
Slide 19: Scoping Study - sequential low impact footprint
Scoping Study - sequential “low impact” footprint Initial 14 YEARS / 20MT OPERATION Phase 01 Phase 02 East Block We s t B l o c k Mining Operations: Pinheiro Mining operations: (Years 0-1.5) & Grandão (Years NOA (Year 9) & 2-9) Reservatório (Years 9-12) Base infrastructure: > 30 km Additional infras
Slide 20: A Conventional Spodumene Project: low risk, high return
A Conventional Spodumene Project: low risk, high return Key Tech & Operational features Conventional surface mining feeds a simple DMS + Flotation Flowsheet 39Mt@1.05% ~190kt/year 26kt/year Resource, with Spodumene Lithium all fronts open1 Concentrate2 Carbonate Equivalent 5 ore bodies to date US $2
Slide 21: DFS plant design
DFS plant design D E - R I S K I N G A P P ROAC H b e i n g fo l l owe d 01 Project’s flowsheet 02 Plant has a processing combines DMS and capacity of 1.5Mtpa a flotation circuit and an estimated for the recovery availability of 85% of spodumene into a concentrate 03 Reagents to be used 04 Mitigatio
Slide 22: Price, Grade & Recovery rates
T h e Pro j e c t i s h i g h l y g e a re d t o : Price, Grade & Recovery rates The Project is almost equally geared to changes in: A +/- 20% change in price drives a c.32% delta in post-tax NPV spodumene price (prices are forecast to rise) +10% on Li2O grades or recoveries = +16% increase in post-
Slide 23: Working at full speed in all fronts to come online in 2028
Working at full speed in all fronts to come online in 2028 Classified as EU Strategic Project Project restructured Complete resource drilling Positive DIA received Update resource estimate New Scoping Study Project financing start Complete build out of Social studies done Further team build out oper
Slide 24: Future to be secured: land access
., Future to be secured By s e c u r i n g l a n d & l a n d access 01 Savannah is using 02 Direct purchasing: different approaches to 109 land plots purchased secure land ownership/ directly from local land access, (i) direct community members to purchasing, (ii) Gov date at generous rates granted
Slide 25: Very well placed to supply Europe's lithium BVC
Very well placed to supply Europe’s lithium BVC Connectable with any project in Iberia Positive structural elements Key lithium battery value chain assets in Iberia • Scale: • Min. 26ktpa LCE production, 39Mt resource • Positive • Nature: 90%+ non-native managed pine tree forest & scrubland land use
Slide 26: Co-catalyst of a revolution that is already in motion
Co-catalyst of a revolution that is already in motion The BVC could represent up to 10% of GDP for Portugal in 2030 Mining Refining Batteries Automotive Europe’s Largest 2+1 15 GWh to 45 GWh ID1.0: 1st major low-cost bet 2028 2027 2029 2028 2027 Recycling Funding Cluster 2028 2025 On top of that: Th
Slide 27: Medium-term outlook keeps getting stronger
Medium-term outlook keeps getting stronger... Short term demand robust (including in Europe), supply constrained, market rebalancing1 Robust EV sales, outpacing 2024: Battery Energy Stationary Li Price: After SC6 prices Jan-Sep 2025 +26% WW vs. 2024 at 14.7m units Storage (BESS): European bottomed i
Slide 28: Key Team: Board Members
Key Team Rick Anthon Chair 30+ yrs as an Exec & Lawyer. 10 yrs in Lithium with Orocobre E STA B L I S H E D /Allkem from IPO to 2023 US$11Bn merger with Livent F O R P ROJ E CT D E L I V E RY Diogo da Silveira Bruce Griffin Board Members Deputy Chair 20 years in top CEO roles in NED 20+ years in min
Slide 29: Multiple benefits for multiple stakeholders
Multiple benefits for multiple stakeholders The power of the Project Europe Portugal Region • CRMA goals met in 2030 • Anchor for domestic lithium battery industry • Long term economic anchor • Responsibly managed, domestic Li supply • Value creation from its natural resources • Jobs & re-population
Slide 30: A unique project validated and supported by external parties
Savannah A UNIQUE PROJECT VA L I DAT E D A N D S U P P O RT E D BY E X T E R N A L PA RT I E S Alantra SP Angel CaixaBI Canaccord Rating: N/A Rating: Buy Rating: Buy Rating: Speculative Buy Price Target: 6.0-13.2p Price Target: 20.4p Price Target: 8.9p Price Target: 8p October 25 October 25 Septembe
Slide 31: Thank You
THANK YOU Savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes
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