SAVANNAH RESOURCES PLC - Investor Update

Savannah Resources PLC’s latest investor update highlights strong momentum at its Barroso Lithium Project, positioned as Europe’s largest spodumene lithium resource and a strategically important asset in the regional battery supply chain. Management reported significant progress across project development, financing and commercial discussions, including a major non-dilutive grant of up to €110 million from the Portuguese state, ongoing work toward the Definitive Feasibility Study expected this summer, and a target for production in 2028. The company also emphasised improving lithium market conditions, with lithium prices recovering sharply, alongside rising demand from electric vehicles and battery storage. Savannah’s growth strategy includes expanding resource potential through the Aldeia concession, advancing offtake negotiations, and securing project finance supported by strong interest from commercial banks and strategic partners. Management reiterated confidence in the project’s long-term economics, citing robust prior estimates for NPV, competitive operating costs, attractive margins and substantial upside as the asset is further de-risked. With community engagement strengthening, infrastructure planning progressing and institutional investor support increasing, the presentation underlined Savannah’s focus on delivering value through milestone execution, financing readiness, and positioning the company for future revenue growth and shareholder returns.