MoU with local healthcare group

Savannah Resources Plc, the developer of the Barroso Lithium Project in Portugal, a 'Strategic Project' under the European Critical Raw Materials Act and Europe's largest spodumene lithium deposit (the 'Project'), is pleased to announce the signing of a Memorandum of Understanding (MoU) with Terra Quente Saúde Group, an established local healthcare provider, to develop a strategic partnership focused on greater provision of healthcare services into the area surrounding the Barroso Lithium Project, in Boticas.

This collaboration comes as part of Savannah's commitment to work with local partners, contributing to an improvement in living conditions in areas close to the Project within the Barroso Trás-os-Montes region. The choice of Terra Quente Saúde Group as a partner reflects a sharing of fundamental values: the active presence within local communities, the desire to contribute to the social and economic development of the territory, and the search for greater understanding of the specific needs of the population of the region.

The MoU lays the groundwork for collaboration between the two entities, which will work together in the coming months to define the specific contours of the partnership in order to soon announce concrete initiatives that strengthen access to healthcare and promote the well-being of both Savannah employees and their families and, in the longer term, the local populations around the Project.

Emanuel Proença, CEO of Savannah said, "We believe that this is an important step to integrate the Barroso Lithium Project into a broader territorial development, which goes beyond critical raw material production and actively contributes to improving the quality of life in our region. Being able to do it with the Terra Quente Saúde Group as our partner excites us, because we share the same values and the same ambition to develop local and innovative projects for a region of Trás-os-Montes to provide more opportunities in the future".

Manuel Lemos, Director of the Terra Quente Saúde Group said: "It is with great ambition that we take this step, one more in our journey to be more and more a key player in the construction of a Trás-os-Montes region with an exciting future. We will support Savannah to identify the best ways to provide the necessary health care for the current and future populations of the villages closest to the Barroso Lithium Project, benefiting from our strong experience and continued presence in the Trás-os-Montes territory, and our deep knowledge of the local area".

The Terra Quente Saúde Group currently operates three hospitals in Trás-os-Montes, more specifically in Chaves, Mirandela and Bragança, and opened two Clinics in Mogadouro and Vila Nova de Foz Côa earlier this year. The Group's strategy to offer quality local services to populations located in the interior of the country has allowed people to reduce their travel in search of health care by hundreds of kilometres.

The two companies will now explore possible initiatives such as the regular location of a doctor and/or nurse or the opening of health posts in one of the villages in the region.

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