REG - Savannah Resources - Changes To Technical Team

Savannah ResourcesAnnouncement

Tue 07:00

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RNS Number : 5638M  Savannah Resources PLC  23 December 2025

 

23 December 2025

 

Savannah Resources Plc

(AIM: SAV) ('Savannah', or the 'Company')

 

Savannah announces new structure to technical team for transition into project
construction

 

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'), announces that
its Chief Technical Officer ('CTO'), Dale Ferguson, will be leaving the
Company at the end of the year.

 

Under Dale's technical leadership and with the CEO´s support in the last
year, Savannah has built a highly competent technical team. His
responsibilities are now shared among the team's experienced senior managers,
in particular Boris Daza (Development Manager, with 20 years of experience
operating and building lithium projects, mostly in Western Australia, with
Fortescue and Mineral Resources) and João Nunes (Operations Readiness
Manager, with 28 years of experience operating and delivering new mining
projects in Iberia, including at Portugal's two major mining success cases of
Boliden/Somincor and Almina). They are supported by John Morris Perreira
(Exploration Manager), Brad Patrick (Definitive Feasibility Study Manager) and
Sónia Coelho (Environmental Manager). Dale and the team have ensured that an
orderly handover of duties has been completed before his departure.

 

The transition from Dale to Boris and João also marks Savannah's progress
from a resource developer into a project delivery company, moving rapidly
towards construction and operation. It comes after a very successful resource
upgrade was announced in September and, in parallel, the Company progressing
its DFS, Front-end Engineering Design and Project Financing steps. Savannah
expects to make further senior hires to its technical team at the appropriate
time, in the run-up to the Project's Final Investment Decision and
construction next year.

 

Dale Ferguson, departing CTO said, "I leave Savannah and the Barroso Lithium
Project in the capable hands of the excellent in-house team. The skills to
deliver the project are now in place, and a full focus on geology will now be
replaced by engineering, construction, and mine and plant operation. I wish
everyone well for the future as the Project is taken forward to production,
fulfilling the goal we set when we first took ownership of the Project: to
progress this Project from a pre-resource stage asset into Europe's largest
spodumene deposit, which is being developed in a responsible way. To generate
both significant quantities of lithium raw material and many other benefits
too from within Europe will be a great achievement, and everyone involved
should be rightly proud. As a long-term shareholder in Savannah, I will
continue to follow developments at the Project very closely and look forward
to it playing an important and sizeable role in Europe's lithium battery value
chain in the near future."

 

Savannah's CEO, Emanuel Proença said, "We are honoured to have had Dale in
our team through the journey that brought Savannah from the exploration phase
to the upcoming construction phase. His contribution to Savannah has been
hugely important to the Company for over 10 years. Savannah acquired the
Project in 2017 after Dale, together with John Morris Pereira and others,
first identified the commercial potential of the area's lithium mineralogy.
Since then, he has led our technical team, and the whole Company during his
period as Interim CEO in 2022-23, through a series of major milestones.

 

"On behalf of the whole team and the Savannah Board of Directors, I offer him
my sincere thanks for all he has done for Savannah and its past, present and
future stakeholders."

 

Regulatory Information

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

Savannah - Enabling Europe's energy transition.

 

**ENDS**

 

Follow @SavannahRes on X (Formerly known as Twitter)

Follow Savannah Resources on LinkedIn

 

For further information please visit www.savannahresources
(https://savannahresources.com/) .com or contact:

 

 Savannah Resources PLC                                            Tel: +44 20 7117 2489

 Emanuel Proença, CEO
 SP Angel Corporate Finance LLP (Nominated Advisor & Broker)       Tel: +44 20 3470 0470

 David Hignell/ Charlie Bouverat (Corporate Finance)

 Grant Barker/Abigail Wayne (Sales & Broking)

 Canaccord Genuity Limited (Joint Broker)                          Tel: +44 20 7523 8000

 James Asensio / Charlie Hammond (Corporate Broking)

 Ben Knott (Sales)
 Portugal Media Relations

 Savannah Resources: Antonio Neves Costa, Communications Manager   Tel: +351 962 678 912

 

About Savannah

Savannah Resources is a mineral resource development company and the sole
owner of the Barroso Lithium Project (the 'Project') in northern Portugal. The
Project is the largest battery grade spodumene lithium resource outlined to
date in Europe and was classified as a 'Strategic Project' by the European
Commission under the Critical Raw Materials Act in March 2025.

 

Through the Project, Savannah will help Portugal to play an important role in
providing a long-term, locally sourced, lithium raw material supply for
Europe's lithium battery value chain. Once in operation the Project will
produce enough lithium (contained in c.190,000tpa of spodumene concentrate)
for approximately half a million vehicle battery packs per year and hence make
a significant contribution towards the European Commission's Critical Raw
Material Act goal of a minimum 10% of European endogenous lithium production
from 2030.

 

Savannah is focused on the responsible development and operation of the
Barroso Lithium Project so that its impact on the environment is minimised and
the socio-economic benefits that it can bring to all its stakeholders are
maximised.

 

The Company is listed and regulated on the London Stock Exchange's Alternative
Investment Market (AIM) and trades under the ticker "SAV".

 

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