Restart of fieldwork at Project

Savannah Resources Plc is pleased to announce that it can restart fieldwork and the current drilling campaign with immediate effect at the Barroso Lithium Project (the 'Project'). This follows the issuance of a 'Reasoned Resolution' (the 'Resolution') by the Portuguese State in response to the 'precautionary measure' (the 'Measure') entered at the Administrative and Fiscal Court of Mirandela by three local landowners (See RNS 7 February 2025). The Company will seek to make up the time lost during this unwanted two-week stoppage over the remainder of the programme.

The Measure relates to the temporary land easement order (the 'Order') which was approved by the Portuguese State in December 2024 and gives Savannah temporary access to land which it does not own at the Project, for the purposes of conducting the fieldwork required for Project's Definitive Feasibility Study ('DFS') and environmental licencing. As the state has responded to the Measure with a Reasoned Resolution, the suspension of the Order's effectiveness is removed immediately and fieldwork can resume on the land concerned.

The Resolution concludes, "…we believe that any postponement of the execution of the administrative act (the Order) being challenged in court is more costly and seriously detrimental to the public interest, and that its full effectiveness should be maintained."

Savannah is pleased that its previously stated expectation of being able to return to the field promptly has now been met.

The Company looks forward to providing shareholders with further updates regarding its progress as it works toward completing the Project's DFS and environmental licencing process in the second half of the year.

Regulatory Information

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