Savannah Resources : Corporate Presentation – July 2021

Europe's Leading Conventional Lithium Project

July 2021

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Contents

1. Company overview

2. Mina do Barroso Lithium Project

3. Investment case

4. Appendix

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Executive Management

Significant experience in natural resources and Portugal

David Archer, Chief Executive Officer1:

• Over 30 years' international mining industry experience
• Outstanding track record of successful public company development - resources, telecommunications, oil & gas
• CEO of ASX quoted Savage Resources - developed from small IPO to a mid-tier mining group with a market cap of ~AUD$400m
• Advanced ASX quoted Hillgrove Resources from a listed shell into a profitable, dividend paying, AUD$200m market cap company

Dale Ferguson, Technical Director1:

• Over 20 years' experience in the resources industry with Hillgrove Resources Limited, Thundelarra Exploration, Savage Resources Limited, Gasgoyne Gold Mines and Slipstream Resources
• Experience spans greenfields and near mine exploration, resource delineation, feasibility studies, due diligence investigations and mine development and operations

Michael McGarty, Chief Financial Officer:

• Over 10 years' experience in the resource sector
• Qualified accountant with extensive M&A, financial leadership, and strategic planning experience
• Previous roles at blue chip MNC (Ingersoll Rand - NYSE:IR) covering Europe, Middle East and Africa: Commercial Financial Controller, Director of FP&A, Leader of European Sarbanes-Oxley compliance initiative, finance and project Management

Joao Barros, Portugal Country Manager:

• Over 17 years of mining experience
• Significant senior management experience across lithium, gold, tungsten, tin and VMS deposits in the Iberian Peninsula
• Director on the board of the Portugal BatPower consortium
• Member of the Portuguese Engineers Association

Paul O'Donaghue, Mozambique Country Manager:

• Former diplomat at the Irish Embassy in Mozambique, Paul has lived in Mozambique for over twenty years and is a Portuguese speaker
• Experienced in dealing with Government institutions, UN agencies, diplomatic missions, NGOs and local communities
• Founded Matilda Minerals and has extensive private sector experience

Joana Prazeres, Head of Communications and Community Affairs:

• Nearly 20 years' experience across strategic marketing, communication, business development, negotiation and management
• Previous roles include Marketing Manager, Brand & Product Manager and Key Account Manager across a range of sectors for multinational companies such as Sika, AEG-Electrolux and Leroy Merlin

Asa Bridle, Commercial Officer/Business Development Manager:

• Over 20 years' experience across geology, commodity marketing, equity capital markets and business development
• Previous roles include mining equity analyst, consultant geologist, and marketing precious metals to industrial consumers for Johnson Matthey

1) Board Director

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Highlights: The Electric Vehicle and lithium markets in 2021

EV sales up, lithium prices up, sector investment up, lithium deficit looming

Electric Vehicle ('EV') sales1:

• Jan-Mayglobal sales of BEV and PHEV: 2.05m (+73% y-o-y)
• EV sales represented 15% of total European light vehicle sales in April
• EV Volumes.com forecasting FY global EV sales of at least 5.7m (+76% vs. 2020)

Lithium market:

• Continuation of price recovery for lithium raw materials started in H2 2020, price forecasts upgraded
• US$3.5bn raised by lithium companies for project development and expansions
• Forecast of near-term Li deficit is becoming more accepted by the market

Lithium raw material prices2

	25,000								1,100
	22,500								1,000
China/Asia)	20,000								900	China/Asia)
17,500								800
							700
15,000
							600
12,500
							500
(CIF	10,000								(CIF
							400
US/t	7,500								US$/t
							300
5,000
								200
	2,500								100
	0	Jul-18	Jan-19Jul-19Jan-20	Jul-20		Jul-21Jan-22Jul-22Jan-23Jul-23			0
	Jan-18	Jan-21	Jan-24	Jul-24Jan-25	Jul-25
	Li Carbonate (LHS)			Li Hydroxide (LHS)		Spodumene (RHS)

Lithium Market balance3

	1,200
			Potential deficit
	1,000		from 2021/2 and
		widening
	800
ktLCE	600
	400
	200
	-
	2015	2017	2019	2021	2023	2025
	Operational		Secondary supply	High probability
	Probable		Potential		Demand

1. Sales data from EV volumes.com

2)	Historical prices - SPA Angel/AsiaMetals; forecast prices - Macquarie 1 July Research note, 'Australian Lithium Miners'	5
3)	Benchmark Mineral Intelligence, Clarksons Platou Securities AS