Savannah Resources PLC · LSE:SAV
Savannah Resources — Investor Presentation (October 2024)
23 slides from Savannah Resources's investor presentation, Oct 11, 2024
Slide 1: The Barroso Lithium Project: Developing Europe's largest spodumene project
The Barroso Lithium Project: Developing Europe’s largest spodumene project Investor Meet Company Presentation 11 October 2024
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: Agenda
Agenda • Savannah & market background • Recent news & developments • Timetable & valuation review • Conclusions • Q & Ax 3
Slide 4: Savannah Resources – At a glance
Savannah Resources – At a glance Shareholding structure1 Main company features Share price performance2 • Increasing European shareholding with • 100% owner of the Barroso Lithium • One of the best performing lithium stocks entry of AMG and Portuguese investors Project in Portugal, Europe’s largest
Slide 5: EV & lithium market dynamics remain as (or even more) supportive
EV & lithium market dynamics remain as (or even more) supportive Announced “crisis” period resulted in 22% Growth WW in 1H24 Research agencies all signal deficit when SAV starts producing EV sales by region (000 vehicles)1 +22% Global Li Supply & Demand outlook (000t LCE)2 8,000 2,500 7,000 6,000 +2
Slide 6: Europe's lithium demand shortfall is Savannah's opportunity
Europe’s lithium demand shortfall is Savannah’s opportunity • In Europe, a shortage of over 200ktpa LCE provides a favourable market dynamic for Savannah’s unallocated spodumene concentrate supply The European Lithium Battery value chain, ktpa LCE 684 185 455 Demand shortfall ~8x Savannah’s 44 plann
Slide 7: Well placed to supply Europe's lithium battery value chain
Well placed to supply Europe’s lithium battery value chain Positive structural elements Key lithium battery value chain assets in Iberia • Scale: • Min. 26ktpa LCE production, 28Mt resource • Positive • Nature: 90%+ non-native managed pine tree forest & scrubland land use: • People: No community rel
Slide 8: Bringing quality European endogenous spodumene concentrate in quantity
Bringing quality European endogenous spodumene concentrate in quantity Savannah’s Barroso project can deliver: Economics are robust in any market environment1: • A clean concentrate: low iron & mica content, no significant Mineable Resource 20.5Mt at 1.05% Li2O deleterious elements, ideal for manufa
Slide 9: Thus creating a foundation for the European Li-ion battery chain
Thus creating a foundation for the European Li-ion battery chain Knock-on effect: de-risking & unlocking of a huge value chain throughout Europe TBD Carbonate Refinery, Bitterfeld-Wolfen lithium Barroso Lithium Project, 45-90 likely in Portugal or Spain refinery, Germany 32.5GWh+ capacity Portugal k
Slide 10: Agenda
Agenda • Savannah & market background • Recent news & developments • Timetable & valuation review • Conclusions • Q & Ax 10
Slide 11: What's happened since our last IMC presentation in June-24
What’s happened since our last IMC presentation in June-24 1. Phase 1 of DFS drilling programme completed in July • c.6,000m drilled, totalling now >35,000m • Extensions to orebodies confirmed • Highest lithium assays returned to date from Pinheiro (76m @ 1.85% Li2O) 2. The Board is now geared towar
Slide 12: We are progressing well towards completion of the DFS
We are progressing well towards completion of the DFS Key DFS tech & expert consultants involved Our internal DFS team is strong & experienced Mining, pit/waste facility designs & mine scheduling Key tech & eng teams based out of Perth (AUS) & Boticas (POR) Very solid expertise in Australian hard ro
Slide 13: Deep dive: Land acquisition & access update
Deep dive: Land acquisition & access update • Savannah now owns 100+ properties with more acquisitions in process • The Mining Lease provides Savannah with the right to access land which it does not already own for the development of the Project • Generous land access proposals were made to two Bald
Slide 14: Some of the other workstreams
Some of the other workstreams • Good progress made with the monitoring and study work required for the current compliance/confirmation phase of the process ('RECAPE’) • All outstanding contractors required now appointed Environmental Confirmation • RECAPE submission now expected before DFS completio
Slide 15: Recent public support for the Project and Europe's Li battery value chain
Recent public support for the Project and Europe’s Li battery value chain • A comprehensive strategy spanning the entire supply chain Mario Draghi “The EU has deposits (…) such as lithium • Streamline permitting and fast-track strategic projects, in Portugal. Accelerating the opening of domestic min
Slide 16: Agenda
Agenda • Savannah & market background • Recent news & developments • Timetable & valuation review • Conclusions • Q & Ax 16
Slide 17: Project timeline: Set to come online in favourable market conditions
Project timeline: Set to come online in favourable market conditions •Complete build out of Project restructured •Update remaining Resource Project team estimates Positive DIA received •Complete construction •Complete DFS New Scoping Study •Commissioning & First •Complete Env. Licencing Social s
Slide 18: The value opportunity right now
1 The value opportunity right now: For Investors – A clear path to value generation • SAV at 0.12x post-tax NPV (8%) of US$953m2 • Vs. Post Scoping St Li peers at 0.5x P/NAV 3 2 Savannah to unlock greater value by passing P/NAV (x) for lithium peer group1 milestones (2024-26): 1.6 • Offtake & strate
Slide 19: Agenda
Agenda • Savannah & market background • Recent news & developments • Timetable & valuation review • Conclusions • Q & Ax 19
Slide 20: Our ambition: a benchmark project, with value delivery on all fronts
Our ambition: a benchmark project, with value delivery on all fronts Priorities Some of the fronts in which we’ve progressed well recently •A better world: less oil, less CO2, European Team Licencing standards applied to Lithium mining •A more resilient EU: less subject to geopolitics, imports, supp
Slide 21: Summary highlights
Summary highlights Large: Europe’s largest lithium spodumene resource, AND open to further extension Strategic: A secure domestic supply of a responsibly managed material ‘critical’ for Europe’s energy transition Partnered: with AMG, which has commissioned the EU’s largest lithium chemical pro
Slide 22: SAVANNAH
SAVANNAH
Slide 23: THANK YOU
THANK YOU Enabling Europe’s energy transition Savannahresources.com Savannah Resources info@Savannahresources.com @SavannahRes 23
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