AN INTRODUCTION TO L ITHIUMCOMMUNITY PRESENTATION 21st JUNE 2018

• The Company recognises, respects and supports the right of local communities tobe consulted and provides this opportunity through:• a dedicated community liaison officer employed by Savannah• appropriately timed community meetings• site tours• newsletters• A community section on the Company’s webpage

• In addition, Savannah consults with representative groups such as the local leaders,local interest groups, local businesses and government departments such as theMinistry of Environment and Ministry Mining

• The Company hopes to engage the local community through sponsorship of localprojects which are inline with the framework of the Company

• The Company’s objective is to:• build the community’s understanding• develop mutual respect• achieve community support for Savannah as a valued member of the community

Commitment to Communities 2

Savannah’s commitment to communities and stakeholders is to act with

integrity, transparency and honesty at all times

Principles for Engagement 3

Communication

Open and effective

engagement involves both

listening and talking

Transparency

Clear and agreed information

and feedback processes

Collaboration

Working cooperatively to seek

mutually beneficial outcomes

Inclusiveness

Recognise, understand and

involve communities and

stakeholders early and

throughout the process

Integrity

Conduct engagement in a

manner that fosters mutual

respect and trust

Savannah and Communities 4

The Savannah team has worked with

many communities in different parts

of the world and we understand that

each is unique in their structure and

requirements for developing strong,

mutually beneficial relationships.

Savannah’s approach is always to

ensure our activities contribute to

the economic and social

development of the community and

regions through inclusive and

culturally appropriate decision

making and engagement.

• Savannah takes its social responsibilities very seriously and as a sign of respect

to the community today Mr Matthew King the companies chairman and most

senior executive is here at the meeting and is happy to answer any questions.

Community Consultation 5

Matthew is a graduate in law from Durham University, Matthewis currently a Director of Funding Circle Limited a leading peer-to-peer lending platform and of Allsop MyRa Limited, a providerof specialist risk management solutions. He is also a member ofthe Expert Panel of Cambridge Governance Labs, an inter-disciplinary initiative at the University of Cambridge with amission to provide practical tools to aid decision-making with aparticular focus on Africa. Having qualified as a solicitor withSlaughter and May, he held a number of risk managementpositions with HSBC in Asia, Australia, the Americas and Europe.He has a wealth of experience in both developed anddeveloping countries and is Chairman of the Funding CircleLimited Audit Committee.

• Savannah is a publicly listed AIM (London stock market) company and as a

result the company has very strict guidelines and laws which it must abide by.

• One of those guidelines is the principles of disclosure of information relating

to the companies activities which states that the company must first release

any information via an public statement to the AIM market before it can be

discussed publicly.

• Failure to follow these rules will lead to large fines or even imprisonment for

the company’s directors.

• This means that by law we can only discuss information which has been made

public via the AIM disclosure process.

Savannah’s Legal Obligations as a Listed Company 6

• There have been a number of questions asked of Savannah by the local communitywith regards to the mining law and the rights of the company who holds thosemining rights. Please find below some extracts from the mining law which we hopeyou will find useful on answering these questions.

o Minerals are the property of the public domain in Portugal and are managed bythe government on behalf of all Portuguese citizens, they are not owned byindividual landowners

o Access to the minerals for prospection, exploration and exploitation of geologicalresources (except the oil) is controlled through Decree-Law 90/90 of 16 March. Theregulations outline the regulatory frameworks for access to land, environmentalmanagement and the payment of fees and mineral royalties (paid to thegovernment).

o The Direcao-Geral de Energia a Geologia (“DGEG”) within the Ministry of Economyis responsible for administering and regulating the Portuguese mineral resourcesindustry. The DGEG is committed to ensuring that the state’s resources aredeveloped in a way that balances best practice environmental management,economics, good science, land access and stakeholder engagement.

o When minerals are mined in Portugal the company selling the product must pay aroyalty to the Government. The royalties are set at a level that will encourageothers to risk their capital in finding and developing these minerals, rather than thegovernment risking taxpayer’s money.

• Savannah Resources C100 tenement is an Exploitation Concession which has gonethrough due process and been approved by all relevant government departments.

Mineral Rights In Portugal7

The company’s activities are regulated under the Portuguese Mining Law (Law

54/2015, of 22 June)

Under section 21 of the mining law the holders of the right (License) to conduct

exploration have the following rights:o perform the studies and exploration operations in the concession area with

regard to the resources included in the exploration contract;

o to temporarily occupy the land necessary to the performance of the

exploration operations and implantation of the necessary premises;

o And to obtain exploitation or mining concession of the revealed resources.

As part of the right to temporarily occupy land under the mining law the holder

of the license must:o Indemnify the owners of the land for all damages directly caused because of

the exploration activities and to execute the security, environmental

protection and recovery measures, even after the end of such activities.

o This means that the holder of the mining rights doesn’t have to remunerated

for the utilization of the relevant land and has only the obligation to re-

establish any damage or compensate any cost or loss related to the ground

intervention.

Exploration Company’s Rights and Obligations 8

• Geological Mapping, RC Drilling, Diamond Drilling and Scoping Evaluations

Exploration Locations 2017-2018 9

The Mineral Exploration Cycle 10

We are currently here

• Samples are collected at 1m intervals and assayed for minerals. These are

typically drawn on cross sections, together with the outline of any

mineralisation defined

• Reverse Circulation drill rigs use air and a metal bit or hammer to drill a hole

by crushing the rock and using compressed air to blow the sample to the

surface, where it is collected for sampling

Advanced Exploration: Reverse Circulation Drilling 14

• Diamond core drilling uses a

diamond drill bit to core rock,

which is then split into 1m

samples and assayed for Lithium

• Depending on access to site the

construction of a road and a drill

pad to provide a safe working

environment to drill the hole may

be required, which is usually

constructed using an excavator,

which builds a pad about 20m

long and 15m wide

Advanced Exploration: Diamond Core Drilling 12

• Once an explorer locates a mineral discovery or a potential deposit they may

undertake more intensive exploration activities and commence various studies

to determine if they have a viable mineral resource.

• To determine this, explorers may go through the following stages:

o resource drill definition,

o scoping study,

o feasibility study.

o government permitting

o final investment decision

• It is extremely important to note that throughout these stages, mining

concepts (including deposit size, location and infrastructure requirements) may

change significantly as more information is obtained about the deposit,

suitable mining methods, processing requirements and infrastructure needs.

• In most cases the final mining concept will not be known until the feasibility

study is well underway or completed. Each of these points are go or stop

decisions for the company meaning that if any of these studies are not positive

then the company may have to make the decision to stop the development.

Mineral Discovery 13

• A scoping study is undertaken to develop a broader picture of the value and

potential of the mineral resource and the requirements for successfully mining

it. This is a high level assessment of the costs and benefits of the prospective

mine to determine whether it is viable to progress towards a more rigorous

assessment.

• The scoping study includes (but is not limited to) the assessment of:

- Economic factors – the financial value of mining based on varying

market prices for the product.

- Infrastructure requirements – requirements for transport to market,

including distance and infrastructure required (e.g. water, power).

- Environmental risks – potential impacts to the environment based on

the proposed mining activities and the assessment of environmental

factors (e.g. plants, animals and water resources).

- Physical characteristics of the mine – potential processes required to

extract the resource and associated costs of alternate options.

- Metallurgy – processes required to extract the resource from the host

mineral and costs of extraction options.

Scoping Study 14

• A scoping study is undertaken to develop a preliminary understanding of the

potential economics of the project and the requirements for successful

development.

• This is a high level assessment of the development to determine whether it is

viable to progress towards a more rigorous financial assessment as part of a

feasibility study.

• The recent Scoping Study released to the AIM market by Savannah concluded

that the project is potentially economic and that a full feasibility study is

warranted to full access the potential of the project

• Potential for a 11yr project life with opportunities to extend the life

• Potential for 150 direct and up to 600 in-direct jobs

• 3% royalty on all minerals produced paid to the DGEG and approximately 30%

tax paid to the government on any income from the project

Savannah’s Scoping Study 15

• Preliminary site layout map which will almost certainly change as part of the

feasibility study.

Conceptual Site Layout 16

• The feasibility study assesses all the options presented in the scoping

study and identifies the preferred option for each component (e.g. mining

type and infrastructure options) or best case option.

• More intensive community consultation generally starts at this stage as a

positive Scoping Study supports the possibility that the project could

potentially be developed.

• Studies include environmental assessments, groundwater studies and the

impact of mining on the water table, mine design, studies on

infrastructure requirements, including roads, rail, water supply, ports,

availability of mine workers in the region, housing, mine planning and

mine closure.

• The detailed financial modelling is completed and takes into account

various aspects of the project, including projected demand for the

minerals and anticipated market price, the capital costs of setting up the

mine, processing plant and equipment needed, costs of mining and

processing, costs of labour, running costs of the mining equipment, and

the effect of taxes, royalties and compensation.

• The feasibility study is then presented to financiers to demonstrate that

the project may be profitable and to assist in securing financial support.

• If at the end of the feasibility study economic viability of the project

cannot be demonstrated then the project could be placed on hold.

Feasibility Study 17Savannah consider the results of the scoping study to be positive and are going to proceed to a feasibility study for the project

• As part of the mining law the company must comply with the environmentalrequirements of the law for any of its operations.

• Before a mining operation can start the company must complete a detailed study ofthe environment and the potential impacts of the project and how the companyintends to minimize these impacts and rehabilitate the site on completion of theoperation. The company must receive the approval from the government for theplanned project before any work can start.

• The study covers areas such as:o Site Accesso Water Supplyo Hydrologyo Flora and Fauna Studieso Mining Studieso Waste Rock Studieso Closure and Rehabilitation Planning

• VISA Consulting a Portuguese company with over 25 years experience in the miningbusiness is assisting Savannah with this work

Environmental Licensing 18

• If, after all of the work, the financial model does not show a profit, then theproject is put on hold until more favourable market conditions exist (e.g. thevalue of the product goes up faster than the cost of production).

• At any stage an explorer might cease activities due to funding issues, poorcommodity prices, market conditions, environmental concerns or any otherrelevant factor.

• As a result some mineral deposits may be left in the ground for many yearsuntil market conditions and commodity prices are more favourable,appropriate funding has been obtained and methods to addressenvironmental concerns have been developed.

• How a mining project is financed usually depends on the financial resources ofthe proponent. Larger, more established mining companies will usually haveaccess to large debt facilities, whereas smaller (exploration) companies willoften have to seek key investors or project partners to provide the requiredfinance.

• If the feasibility study is positive, the government has issued all the approvalsand a funding can be found to develop the project then the company will lookto move the development forward into production.

Investment Decision 19

• The best estimate for the current time line for the potential development

based on current information which is subject to the completion of a positive

feasibility study, timely licensing and approval from the government and final

investment decision from the company.

Time Line for Project Development Steps 20

May June July Aug Sept Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb

Scoping Study

Feasibility Study

Project Licensing

Investment Decision

Project Construction

Start of Production

2018 2019 2020

Community Framework 21

Commitment to working together

Community Benefit Programmes

Identify and Deliver

Community Meetings

Community Consultative Committee

Site Visits

Informal Conversations

Complaints

Identification and resolution of

issues important to the community

Ensuring that the environmental

studies programme has covered all

the issues important to the

community

Minimise impacts on everyday living

Everyday Life Programmes

Identify and Address

Opportunities for local

community to be involved in

working with Savannah

Direct support for significant

community projects

Shared benefit from a

successful project

The Savannah team is fully committed to working with communities at it Mina

do Barroso Project to ensure success for the community and the country

• Every community is different and there requirements are different but it is essentialthat and any potential development is conducted with the community interest inmind.

• What we have found that works well at our other projects is that in addition to thecommunity meetings we have more regular meetings with a representativecommunity committee to discuss the issues in more detail which can be difficult inlarge public meetings.

• So in addition to the ongoing community meetings Savannah would like to suggestto the local community that they form a community consultative committee towork more closely with the company.

• If such a group is formed it is critical that the right interest groups are included onthe committee and that the committee is well balanced with members from abroad base of interest groups and community organizations.

• Key issues from the community would be passed on to the consultative committeefor detailed discussion with the company to find a suitable resolution.

• As part of the process of setting up the committee we would need to set up theterms of reference for the committee, how they will represent the community andwhat decisions they can make on behalf of the community.

• Is this something which the community would like to consider?

Community Consultative Committee 22

• We thank you for your time today and attending the community meeting.

• We would be very happy to answer any question which you may have in relation to the companies activities in the area

Thank You

www.savannahresources.com

For further information on Savannah’s corporate social responsibility

programme, please email: community@savannahresources.com