Savannah Resources Plc (AIM: SAV | FWB: SAV | SWB: SAV) is the sole owner of the Barroso Lithium Project (the “Project”), in northern Portugal. The Project contains the most significant spodumene lithium resource in Western Europe. Following a positive Scoping Study which outlined a conventional mine and concentrator operation, Savannah has been progressing with the development and licencing of the Project. A Definitive Feasibility Study is underway, and Portugal’s environmental regulator is evaluating Savannah’s Environmental Impact Assessment study on the Project.

Developing and operating the Barroso Project will establish Savannah, and Portugal, as an integral part of Europe’s rapidly growing lithium battery value chain which is being established to support Europe’s energy transition as it moves towards its goal of carbon neutrality by 2050. The Barroso Project will produce enough lithium each year for approximately 0.5 million electric vehicle battery packs.

Savannah maintains an active growth strategy and will look to acquire and develop other projects that add value to the Company and complement the Barroso Lithium Project.

The Company is listed and regulated on the London Stock Exchange’s Alternative Investment Market (AIM). The Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB:SAV) and the Börse Stuttgart (SWB: SAV).

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