A MULTI-COMMODITY PORTFOLIO WITH NEAR TERM DEVELOPMENT OPPORTUNITIES

Transcription

1 INVESTMENT FINLAND OMAN INDABA PRESENTATION CAPE MARCHTOWN 2017 l FEBRUARY AIM:SAV 2017 AIM:SAV A MULTI-COMMODITY PORTFOLIO WITH NEAR TERM DEVELOPMENT OPPORTUNITIES

2 INVESTMENT FINLAND OMAN Disclaimer 2 These presentation slides ( the Slides ) do not comprise an admission document, listing particulars or a prospectus relating to Savannah Resources plc ( the Company ), or any subsidiary of the Company, do not constitute an offer or invitation to purchase or subscribe for any securities of the Company and should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase securities in the Company. The Slides and the accompanying verbal presentation are confidential and the Slides are being supplied to you solely for your information and may not be reproduced or distributed to any other person or published, in whole or in part, for any purpose. No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the completeness or accuracy of such information. No representation or warranty, express or implied, is given by or on behalf of the Company or their respective shareholders, directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in the Slides and the accompanying verbal presentation, and no liability is accepted for any such information or opinions (including in the case of negligence, but excluding any liability for fraud). The Slides contain forward-looking statements, which relate, inter alia, to the Company s proposed strategy, plans and objectives. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and the Company accepts no obligation to disseminate any updates or revisions to such forward-looking statements. The Slides are directed only at persons in member states of the European Economic Area who are qualified investors within the meaning of section 86(7) of the Financial Services and Markets Act 2000 ( FSMA ). In addition, in the United Kingdom, these slides are being directed only at persons who fall within the exemptions contained in Articles 19, 48, 49 and 50A of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (such as persons who are authorised or exempt persons within the meaning of the Financial Services and Markets Act 2000 and certain other persons having professional experience relating to investments, high net worth companies, unincorporated associations or partnerships, the trustees of high value trusts and selfcertified sophisticated investors) and persons to whom distribution may otherwise lawfully be made. Any investment, investment activity or controlled activity to which the Slides relates is available only to such persons and will be engaged in only with such persons. Persons of any other description, including those that do not have professional experience in matters relating to investments, should not rely or act upon the Slides. The Slides should not be distributed, published, reproduced or otherwise made available in whole or in part by recipients to any other person and, in particular, should not be distributed to persons with an address in the United States of America, Australia, the Republic of South Africa, the Republic of Ireland, Japan or Canada or in any other country outside the United Kingdom where such distribution may lead to a breach of any legal or regulatory requirement. The Slides and their contents are confidential and should not unless otherwise agreed in writing by the company be copied, distributed, published or reproduced (in whole or in part) or disclosed by recipients to any other person.

3 INVESTMENT FINLAND OMAN Savannah at a glance 3 AIM quoted development company with an established multi-commodity portfolio Prospective multi-commodity portfolio: Mutamba Project, Mozambique Consortium Agreement with Rio Tinto to develop heavy mineral sands project, which has an initial Indicated and Inferred Mineral Resource Estimate of 4.4 billion tonnes at 3.9% Total Heavy Minerals Blocks 4 and 5, Oman 1,006km² brownfields copper portfolio of advanced development projects with additional gold upside targeting first mine development in late 2017 Somero and Erajarvi Projects, Finland Two new lithium projects, covering an area of 159km² of highly prospective pegmatite terrain. Seven anomalous pegmatites discovered with drilling planned for Q Skilled board and management team: Proven track record in acquiring, developing and operating resource assets MARKET TICKER SHARE PRICE 1 MARKET CAP 1 KEY DATA AIM SAV 5p 26 million SHARES ON ISSUE 1 450,946,455 CASH 2 ~ 3 million Directors represent 35.76% of the share register fully aligned with shareholders SHAREHOLDERS Al Marjan Limited 28.44%* David Archer 5.17% Rémy Welschinger 4.22% 1 as at as at *Expecting to go to 29.99% after the Company s forthcoming Annual General Meeting

4 INVESTMENT FINLAND OMAN Board and Management Team 4 Experienced team with proven success in bringing resource assets into production Matthew King Chairman David Archer Chief Executive Officer Maqbool Ali Sultan Non-Exec Director Dale Ferguson Technical Director Imad Kamal Abdul Redha Sultan Non-Exec Director Manohar Pundalik Shenoy Alternate for Maqbool Ali Sultan Murtadha Ahmed Sultan Alternate for Imad Kamal Abdul Redha Sultan Durair A Shaikh General Manager Business Development Oman Michael McGarty Chief Financial Officer David Price Exploration Manager, Oman Paul O Donoghue Country Manager, Mozambique

5 M U T A M B A P R O J E C T INVESTMENT FINLAND OMAN World-class Heavy Mineral Sands Project: Mozambique 5 Consortium agreement with: Initial Indicated and Inferred Mineral Resource Estimate of 4.4 billion tonnes at 3.9% Total Heavy Minerals (THM) World class minerals region Strategy: Focussed on defining a dry mining operation for staged, early development in conjunction with Rio Tinto THM Source: Company photos

6 INVESTMENT FINLAND OMAN Why heavy mineral sands? 6 The mineral sands industry consists of two principal product streams; titanium dioxide minerals in the form of ilmenite, rutile and leucoxene; and zircon Heavy mineral sands are placer deposits formed most usually in beach environments by concentration due to the specific gravity of the mineral grains Positive price indications for ilmenite: Four years of price decline ended March 2016 and steady price increases for the rest of the year as a result of improving demand from pigment manufacturers and reductions in supply Market currently tight, with spot price increases accelerating from late 2016 for sulphate ilmenite Consolidation in the customer group with mergers of Sichuan Lomon & Henan Billions and Tronox & Cristal Higher prices required to justify additional supply and mine development USES Titanium dioxide pigment is a pure white, highly refractive and ultraviolet light absorbing product, which is commonly used in paints, plastics, paper, textiles and inks Titanium dioxide feedstock is also used in the manufacture of welding electrodes and can be used in foodstuffs, pharmaceuticals and cosmetics Zircon is used in the ceramics industry in the production of opacifiers, which are used in surface glazes and pigments

7 INVESTMENT FINLAND OMAN Rio Tinto / SAV Consortium Agreement 7 Rio Tinto and Savannah entered into a Consortium Agreement October 2016 to define a potential dry mining operation for staged, early development Savannah is the operator, with an initial 10% beneficial interest and potential to increase to 51% beneficial interest on the achievement of milestones Offtake agreement for the sale of 100% of production to Rio Tinto (or an affiliate) Terms of the Consortium Agreement: Phase 1: Scoping Study - Savannah 20% participating interest on completion Phase 2: Pre-feasibility Study - Savannah 35% participating interest on completion Phase 3: Feasibility Study Savannah 51% participating interest on completion Construction Decision (2) The Mutamba Project includes three deposit areas: Jangamo, Dongane and Ravene. The Chilubane Deposit is located 180km to the south west of the Mutamba Project.

8 INVESTMENT FINLAND OMAN Significant resource potential 8 Initial Indicated and Inferred Mineral Resource Estimate of 4.4 billion tonnes at 3.9% THM Covers the Jangamo, Dongane and Ravene deposits Contains 102 million tonnes ( Mt ) of ilmenite, 2.2Mt rutile and 4.7Mt zircon Includes a high-grade portion of 92Mt at 6.2% THM Additional upside potential Significant resource expansion potential Resource estimation in respect the Chilubane deposit still to be completed We believe a mineable inventory of c.200mt at c.7% THM will provide sufficient scale for the initial mine development, producing c.+600ktpa of ilmenite and 40ktpa of rutile plus zircon ( non-mag ) concentrate, either as final products or a bulk HMC

9 INVESTMENT FINLAND OMAN Peer Comparison 9 Valuable THM % Other / Non Mineral (Millions Total Sub Company Operation Country Valuable Estimate Tonnes) THM % Ilmenite Rutile Zircon Total THM % Kenmare Moma *** Mozambique 6, % 2.40% 0.10% 0.16% 2.66% 0.25% Savannah Resources Mutamba North* Mozambique 4, % 2.30% 0.05% 0.11% 2.46% 1.44% Resource Mineral Deposits Grand Cote** Senegal 1, % 1.01% 0.04% 0.15% 1.19% 0.21% World Titanium Resources Ranobe Madagacscar % 4.40% 0.14% 0.34% 4.89% 1.21% Base Kwale Kenya % 2.24% 0.57% 0.26% 3.08% 1.32% Kenmare Moma *** Mozambique 1, % 2.70% 0.06% 0.18% 2.94% 0.36% Savannah Resources Mutamba North* Mozambique Reserves Mineral Deposits Grand Cote** Senegal 1, % 1.08% 0.04% 0.16% 1.28% 0.22% World Titanium Resources Ranobe Madagacscar % 5.93% 0.20% 0.45% 6.58% 1.62% Base Kwale Kenya % 2.70% 0.65% 0.30% 3.65% 1.35% Notes to above table: Source - referenced company's website * Mineral Estimates on 100% basis. Company has 10% interest, earning up to 51% interest ** Mineral Estimates on 100% basis. Company has 45% interest. *** Reserve not included in resource

10 COMMUNITY ENGAGEMENT ENVIRONMENTAL STUDY INVESTMENT FINLAND OMAN SCOPING STUDY Pre-development programme 10 Mineral sands expert TZ Minerals International commissioned to conduct a scoping study to evaluate an initial phase, low capex, long life, dry mining operation around a potential 200Mt well graded resource Expected to take around 4 months to complete To focus on large mineralised areas of >5% THM, identified from Mineral Resource Estimate work conducted at Mutamba and Chilubane Projects and high-grade portion of 92Mt at 6.2% THM identified at Ravene Leading Mozambican environmental consultants IMPACTO and ERM have been awarded the contract to conduct environmental studies for the Mutamba and Chilubane Projects, which is expected to take 3-4 months to complete An environmental study is a key document, which is required for the lodging of a mining concession for any potential development Implementing a cohesive community engagement policy to ensure positive relationships with the communities in which we operate, supporting regional development, and ensuring high standards of social and environmental compliance Data compilation and a detailed review of the Chilubane deposit is underway to further understand and evaluate the project which is expected to take 6-8 weeks to complete In addition to new staff hired, all of Rio Tinto s very experienced in-country team have been employed by Savannah and integrated into the in-country team

11 INVESTMENT FINLAND OMAN Dry Mining: the process 11 Cohesive community engagement programme to be implemented alongside operational activities Faster route to production Allows staged approach Lower cost Ability to mine high grade portions Scalable Mutamba resource amenable to dry mining Flexible Lower risk The Port of Richards Bay is located approximately 160km North-East of Durban and 465km South of Maputo on the eastern seaboard of South Africa. The combination of specialized cargo handling facilities, fast vessel turnaround, deep water infrastructure, excellent rail links to the hinterland and the large greenfield development potential, has made the Port one world s leading bulk ports, handling in excess of 80 million tonnes annually.* *Source:

12 INVESTMENT FINLAND OMAN Infrastructure 12 Located ~450km northeast of the capital city of Maputo and ~40km from the ports of Inhambane and Maxixie Lindela substation located 5km away Proven local workforce Established camp facilities, including accommodation and ablution blocks and site clinic On-site laboratory and sample storage warehouse Site clinic Sample Storage Site accommodation Laboratory

13 INVESTMENT FINLAND OMAN Community Engagement 13 Maintaining positive relationships with the communities in which we operate Supporting regional development Ensuring high standards of social and environmental compliance Ensuring honest, timely and transparent communication Active development programmes: Defining programme with local authorities to support: education health sanitation water Working with an international development agency to develop programmes to: Train staff and build technical skills in: mine development mine operation Commercialise small scale agriculture activity Supporting National Aids Day:

14 INVESTMENT FINLAND OMAN Development timetable Complete Scoping Study and environmental studies Pilot plant test work commences Implement community engagement programme Marketing studies Pre-feasibility study Commence Feasibility study Mining Concession applications 2018 Mining Concession Granted Complete Feasibility Study Environmental Licences granted Negotiate offtake contract Final investment decision Mine construction commences

15 BLOCK 5 598km² BLOCK 4 408km² INVESTMENT FINLAND OMAN Oman 15 Highly prospective asset portfolio covering 1,006 km² Aarja Zuha Lasail Bayda Salahi 1 gold Gaddamah - copper and gold old copper mines (collectively produced over 212,000t copper) Mahab Mt at a grade of 2.1% copper for 31,500t of contained copper Maqail South 0.16Mt at a grade of 3.8% copper Exploration Target 1 of between 10,700,000t and 29,250,000t grading at between 1.4% and 2.4% copper for 150,000t and 700,000t of contained copper with additional gold credits estimated Strategy: Targeting a resource inventory to support high margin, low cost, copper/gold operations to commence mine production in late It is important to note that the potential quantity and grade of the Exploration Target conceptual in nature, there has been insufficient Cu Au exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Source: Company photos

16 INVESTMENT FINLAND OMAN Why copper? 16 Copper is a critical metal and a fundamental requirement for the world s expanding middle class Copper demand continues to rise with more than 6Mt of new copper demand expected to hit the markets by 2020 New supply additions will peak by late 2016 at 21Mt and go into deficit by 2017 An additional 4-6Mt of copper is required by 2025 which will be a key driver of the next copper price cycle Optimal time to invest to maximise leverage from turn in the cycle USES OF COPPER Copper has a wide range of appliances, including: Pipes and electrical cables Building construction Power generation and transmission Electronic manufacturing Industrial machinery Transport - the average car contains 1.5km (0.9 mile) of copper wire, with 20-55kg copper Source: Rio Tinto corporate presentation 2015 Graph produced June 2015 Demand continues to rise Graph produced June 2015

17 INVESTMENT FINLAND OMAN Oman: an outstanding location 17 Oman offers a compelling investment opportunity, offering low CAPEX and OPEX mine development options Outstanding geology VMS Clusters of 1Mt -15Mt - Oman hosts one of the largest concentrations of VMS deposits in the world Metallurgically simple ores Medium to high-grade deposits Pro-mining Government Power Port Roads Low Fuel Cost Source: Company data

18 INVESTMENT FINLAND OMAN Block 5: established resource: Mahab 4 and Maqail South 18 MAHAB 4 MAQAIL SOUTH JORC RESOURCE Current Indicated and Inferred JORC Mineral Resource of 1.7Mt at 2.2% copper: 1.51Mt at 2.1% copper at Mahab Mt at 3.8% at Maqail South FURTHER UPSIDE Mahab 4 deposit remains open along strike to north and both up and down dip Drilling to test extensions completed December 2015 results include 6.6m at 6.92% copper, 5.6% zinc, 0.3g/t gold and 23.8g/t silver and 16m at 0.85%Cu Past results from previous exploration of the high-grade (>5% copper) portion of the Mahab 4 deposit include 51.58m at 5.2% copper and 56.35m at 6.2% copper Maqail South has returned intersects of 6.68m at 7.42% Cu and remains open to the west HIGH RECOVERIES Preliminary metallurgical test work highlights the commercial appeal of Mahab 4, with work confirming that a saleable copper concentrate can be produced with recoveries exceeding 90% MINING LICENCES Two mining licence applications submitted to the Public Authority of Mining in the Sultanate of Oman September 2016, for: open-cut development at Maqail South underground development at Mahab 4 Preparation for Environmental Studies commenced October 2016

19 INVESTMENT FINLAND OMAN Block 5, Mahab 4: drill results 19 Resource drill programme (eight holes) completed in October 2016 to improve confidence in resource estimate and collect material for metallurgical testing. New results from the drill programme are shown in blue:

20 INVESTMENT FINLAND OMAN Mahab 4: cross section

21 INVESTMENT FINLAND OMAN Mahab 4: metallurgically attractive 21 Chalcopyrite identified as the sole copper bearing mineral, which is likely to lead to a simple, quick and relatively low cost flotation process to concentrate the copper ('Cu') Test data indicates that any potential development should enjoy favourable processing costs as the resource at Mahab 4 appears to be relatively soft and requires relatively low primary milling power requirements Test work also indicates relatively low equipment liner and grinding media wear due to low abrasion rates Initial rougher flotation test work indicated potential recoveries of around 95% at moderate grind sizes Rougher cleaner flotation at 38microns indicated that a saleable copper concentrate of over 23% can be achieved with recoveries over 90% with additional gold and silver credits There is potential to also produce a zinc product but further work is required to confirm that this is possible without affecting the copper grades and recoveries Additional test work is now underway to refine the process and to try and further improve the recoveries and overall copper concentrate grades The results from this work point towards a relatively simple float process and a clean and desirable copper concentrate, which is likely to be keenly sought after by off-takers and smelters. David Archer, CEO

22 INVESTMENT FINLAND OMAN Mahab 4: mining development Preparation of scoping document for Environmental Impact Assessment commenced Community Meeting held at Wali Office Underground mining is more expensive than open pit mining but has some significant benefits N.B. The mine layout is conceptual in nature Much easier to control dust and noise and their potential impacts on our neighbours The surface area required for mining is much smaller and easier to manage The environmental impact is far smaller and easier to manage The visual impact of the operation is minimised

23 INVESTMENT FINLAND OMAN Block 5: Maqail South 23 Results from the October 2016 drill campaign point towards a potential expansion of the current high-grade portions of Maqail South. Savannah is targeting an updated resource estimate in Q New results are shown in blue:

24 INVESTMENT FINLAND OMAN Maqail South cross section Eight holes completed October 2016 to improve confidence in resource estimate. New results from the drill programme are shown in blue:

25 INVESTMENT FINLAND OMAN Maqail South: mining licence application Introduction meetings held with MECA and Ministry of Water Resources Scoping Assessment for Environmental Impact assessment submitted to MECA Letters of No objection received from four ministries ROP, Defence, Tourism, and Culture EIA process commenced N.B. The mine layout is conceptual in nature

26 INVESTMENT FINLAND OMAN Block 4: near mine copper / gold targets 26 AARJA LASAIL Of the targets identified at Block 4, four were part of previously producing mines: Commercially mined in the 1980s produced over 190,000t copper No near mine exploration since the early 1990s Significant opportunity to fast track to production 3,700km VTEM survey completed H Most of the significant VMS discoveries in Oman over the past 10 years have been identified by VTEM Identified multiple prospective targets: BAYDA ZUHA Source: Company data

27 INVESTMENT FINLAND OMAN Block 4: near mine targets - Aarja 27 Previously produced 2.6Mt at 1.4% copper between existing underground access supportive of rapid development Three primary target areas identified: o o o Dog's Bone Aarja Main Aarja Pit Drilling at Dog s Bone targeting areas of known mineralisation to establish a JORC compliant mineral resource estimate: o 9m at 4.86% copper, 1.54% zinc, 1.3g/t gold and 37.3g/t silver from 103m, Incl. 6m at 7.01% copper, 2.20% zinc, 1.9g/t gold and 53.8g/t silver from 103m o 5m at 2.17% copper, 0.37% zinc, 0.4g/t gold and 7g/t silver from 151m o 5.75m at 1.84% copper and 0.8g/t gold from 109.3m

28 INVESTMENT FINLAND OMAN Block 4: near mine targets - Bayda 28 Previously produced 1Mt at a grade of 3% copper between 1980 and 1994 from a small underground operation Historic mining focused on high-grade massive sulphide mineralisation ignoring the lower-grade disseminated sulphide mineralisation Review of historic data has identified that a significant volume of disseminated sulphide mineralisation remains Initial results received September 2016 intersected a broad mineralised zone with 33.4m at 0.69% copper and 0.1g/t gold in 16B4DD003 from 87m, including 4m at 1.56% copper and 5.1m at 1.22% copper results suggest asset could be developed as a larger tonnage, lower grade operation Ground EM at Bayda Significant VTEM anomaly defined at Bayda where historically 1Mt at 3% copper was mined from a small underground during the early 1990 s Detailed ground EM survey has been designed and will be completed as a precursor to further RC and diamond drilling Map shows the Bayda VTEM anomaly and planned Fixed Loop Transient Electromagnetic ( FLTEM ) survey location

29 INVESTMENT FINLAND OMAN Community engagement Savannah has continued with its community engagement programs including having regular meeting with Sheikhs and local officials Savannah continues to give financial support to appropriate community projects Community meeting program under development to build an agreed framework to work together

30 INVESTMENT FINLAND OMAN Targeting near term production Mineral resource increase Scoping studies Environmental Studies and licensing Define Processing Solution Feasibility study Negotiate offtake contract Final investment decision Mining commences 2018 First Concentrate produced Resource Expansion/Development Exploration of new projects Project Acquisitions

31 INVESTMENT FINLAND OMAN Oman highlights: near term production 31 Uniquely attractive copper development project poised to deliver into stronger copper prices in 2017/18 Fast-track Oman projects to start mining in late 2017 JORC Exploration Target of 10.7 to 29.3Mt at % copper and 0.38g/t gold Exploration Target of 151, ,500 tonnes contained copper and 55, ,000 oz. gold Superb infrastructure setting nearby power, copper smelter (under care & maintenance) and export port hub with global copper concentrate blending 30km by road Low capex with rapid payback period projected Low opex projected, including low fuel costs, with moderate high-grades expected

32 INVESTMENT FINLAND OMAN Finland 32 Two new lithium projects covering an area of 159km² of highly prospective lithium terrain STRATEGY: determine lithium resource potential to take advantage of strong market dynamics from the burgeoning battery market Li

33 INVESTMENT FINLAND OMAN Lithium: growing demand 33 There is a revolution underway in how we generate and use energy; as such, the demand for materials such as lithium, which is a key component in new energy storage solutions, is rising at record rates Global lithium demand was 184,000t in Based on Deutsche Bank s analysis, global lithium demand will increase to 534,000t by 2025, with batteries accounting for 70% of global demand By 2022 there will be 3x the number of Electric Vehicle models on sale as in China has set a target to have 5 million new energy vehicles on the road by prices expected to remain >$6,000/t lithium carbonate equivalent* Macquarie have forecast a CAGR of 9% to 2021 for lithium, with new energy vehicle batteries leading demand at a 31% CAGR to 2021, at which point they would account for one-third of all lithium demand versus just one-tenth today Energy storage represents a small part of current lithium demand, but growth potential is high with renewable sources set to potentially rival EV growth rates 3 Consumer demand from smartphones, tablets, laptops and power tools was 27.5kt in 2014 and is expected to grow at more than 10% 1 1 Liberum: The Lithium Landscape, May Berenberg: Battery adoption at the tipping point Feb 16 3 Deutsche Bank: Company Data

34 INVESTMENT FINLAND OMAN Finland: a strategic location 34 Excellent access to high quality infrastructure Close to potential end-customers, inc. battery producers Low sovereign risk and excellent mining law - Finland ranked number one in the 2014 Fraser Institute of 122 jurisdictions around the world (it maintained its position in in the top 10 mining jurisdictions in the 2015 index) Region proven to host hard rock lithium deposits Finnish company Keliber Oy has defined a resource of 5.5Mt at 1.19% Li2O in the Kaustinen region Europe is a major importer of lithium consuming 24% of global market (second only to China), but has no internal lithium supply Finland has access to good geological and exploration data, has favourable tectonic history for the formation of Lithium-Cesium-Tantalum ('LCT') pegmatites, a history of lithium mining and has been poorly explored for lithium to date Source: Company Data

35 INVESTMENT FINLAND OMAN Project portfolio 35 Somero Lithium Project 60.5km² Erajarvi Lithium Project 98.5km² Located just north of the township of Somero, approximately 100km northwest of the Finnish capital Helsinki Covers one of the more prospective parts of the Somero-Tammela rare earth pegmatite belts Comprises at least 56 complex pegmatites enriched in lithium, niobium and tantalum, reaching up to 1.2km in length and 50m wide Occurs just to the south of TSX listed Nortec Minerals Kietyonmaki and Hirvikalio lithium deposits Historical geological mapping of the area by the Finnish geological survey has confirmed the presence of the lithium minerals but no geochemical sampling was completed making these a high priority for sampling Located approximately 200km north of the Finnish capital Helsinki, near the town of Orivesi Historical geological mapping by the Finnish geological survey has confirmed the presence of lithium rich minerals Dykes within the tenement reach up to 600m length and 50m wide About 61 complex pegmatites have been mapped in the area to date they contain a series of complex and simple pegmatites Complex pegmatites often distinctly zoned and contain lithium rich minerals including spodumene and lepidolite

36 INVESTMENT FINLAND OMAN Development programme rockchip samples collected from Somero (244 samples) and Erajarvi (288 samples) Results have highlighted seven pegmatites with anomalous lithium - two on Somero and five on Erajarvi Geological mapping and rock chip sampling has highlighted: o o Somero Project, prospective pegmatites with assays of up to 4.47% lithium oxide ('Li2O') at the Torkkamaki Prospect and mineralisation traced over 150m along strike and remaining open Erajarvi Project, prospective pegmatites with assays of up to 1.56% Li2O at the Viitaniemi Prospect and mineralisation traced for over 350m before it was covered by glacial till Key lithium minerals petalite, spodumene and lepidolite were all identified in hand specimens Follow up work to further expand and define the seven anomalous pegmatites in readiness for drilling is being planned for Q (following winter) Exploration programme including data compilation, geological mapping and surface sampling aiming to generate drill ready targets during 2016

37 INVESTMENT FINLAND OMAN Finland highlights: the opportunity 37 2 ATTRACTIVE PROJECTS covering an area of 159km² of highly prospective lithium terrain in Finland HIGHLY PROSPECTIVE LITHIUM MARKET Strong market dynamics from the burgeoning battery market ATTRACTIVE LOCATION Finland has low sovereign risk, a supportive mining code and has been proven to host commercial lithium deposits DEFINED PLAN to determine lithium resource potential drill targets to be identified 2017 PROVEN MINERALISATION Key lithium minerals spodumene, lepidolite and petalite identified FAVOURABLE PRICING MARKET significant growth forecast, prices expected to remain >US$6,000/t lithium carbonate equivalent Excellent access to high quality infrastructure and close to potential end-customers, such as battery producers MUTLI-COMMODITY EXPOSURE Complements SAV s established development portfolio copper in Oman and mineral sands in Mozambique

38 INVESTMENT FINLAND OMAN Summary 38

39 INVESTMENT FINLAND OMAN Investment case 39 Active growth strategy in place to build a multi-commodity, geographically diverse development and production company Proven commercial potential of heavy minerals sands project in Mozambique with additional upside potential (being developed in partnership with Rio Tinto) Highly skilled development team with proven track record of mine development and investment success Copper mining on track to commence in Oman late 2017 Two attractive lithium projects in Finland with defined development plans Building the value of the company with high tempo activity across asset portfolio Supportive cornerstone investor

40 INVESTMENT FINLAND OMAN Contact Us 40 David Archer CEO, Savannah Resources Plc E: Source: Company photos

41 INVESTMENT FINLAND OMAN Board 41 Experienced team with proven success in bringing resource assets into production Matthew King Chairman Qualified solicitor and specialist in operational risk, compliance and internal audit prev. Head of Operational Risk at HSBC Director of Funding Circle Ltd a leading peer-to-peer lending platform and Allsop MyRa Ltd, a provider of specialist risk management solutions Dale Ferguson Technical Director Qualified geologist with over 20 years experience in the resources industry Experience spans greenfield and near mine exploration, resource delineation, feasibility studies, due diligence investigations and mine development and operations David Archer Chief Executive Officer Over 35 years experience in the mining industry, with specific expertise in developing and operating copper/gold mines Founded large cap Savage Resources Limited and PowerTel Limited, and is Senior Independent Director of Anglo Pacific Group Plc Maqbool Ali Sultan Non-Exec Director Significant corporate and Board level experience in Oman, the Middle East and internationally Minister of Commerce and Industry in Oman for 20 years following role as President of the Oman Chamber of Commerce and Industry Imad Kamal Abdul Redha Sultan, Non-Exec Director Vice Chairman and Deputy Managing Director of W J Towell and Co. LLC Extensive managerial and board experience previously a director on the boards of the National Bank of Oman and Ominvest in the past, and currently a director of National Hospitality Institute & Oman Arab Bank

42 INVESTMENT FINLAND OMAN Management team and alternates 42 MANAGEMENT Michael McGarty Chief Financial Officer Qualified accountant with extensive accounting and finance experience, including publicly listed and multi-national companies Significant experience in strategic planning, M&A transactions, fundraising and resource development Paul O Donoghue Country Manager, Mozambique Served as a Diplomatic Attaché with the Embassy of Ireland in Maputo and with a number of NGOs Lives in Maputo and fluent in Portuguese Managed Savannah s operations in Mozambique since Oct 2013 Durair A Shaikh General Manager Business Development Oman An internationally recognised expert in the genesis of base metal deposits and VMS style mineralisation An Omani national, based in Muscat Formerly a senior executive of the Oman mines department David Price Exploration Manager, Oman Qualified geologist with 18 years experience in the mining and exploration business Worked on a wide range of commodities inc. gold, nickel, copper, lead/zinc, bauxite & manganese Lives in Sohar and has managed Savannah s exploration activities in Oman since June 2014 BOARD ALTERNATES Manohar Pundalik Shenoy Alternate for Maqbool Ali Sultan Qualified Accountant with over 40 years corporate experience Currently Group CFO of W J Towell and Co. LLC and a member it s Finance and Investment subcommittees Previously worked with a number of multi-national corporations as Finance Director / CFO Murtadha Ahmed Sultan Alternate for Imad Kamal Abdul Redha Sultan Director of W J Towell and Co. LLC with wealth of board level experience and extensive experience working with publicly limited companies Member of Omani government organisations The Public Authority for Investment Promotion & Export Development (ITHRAA) and Corporate Governance Capital Market Authority (CMA)