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RNS Number : 8807M  Savannah Resources PLC  16 June 2025

 

16 June 2025

Savannah Resources Plc

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

Savannah Announces Advisory Committee to Support the Development of the
Barroso Lithium Project

 

Savannah Resources plc, the developer of the Barroso Lithium Project (the
'Project') in Portugal, one of the European Commission's 'Strategic Projects'
under the Critical Raw Materials Act and Europe's largest spodumene lithium
deposit is pleased to publicly announce its Advisory Committee, a strategic
body composed of highly respected individuals with recognised experience and
credibility across a range of fields. The Advisory Committee supports the
Company in advancing the Project in Boticas by providing well-founded
analysis, recommendations, and guidance to help ensure the Project's success
and long-term sustainability.

 

The members of the Advisory Committee, some of whom have been involved in the
Project for several years, were selected for their experience and expertise,
playing a key role in strengthening the company's decision-making process. The
Advisory Committee is composed of four members, though its composition may be
adjusted over time to ensure it continues to reflect a perspective that
complements regional development and value creation.

 

The members of the Advisory Committee are:

·   Luís Mira Amaral. A former Minister in Portugal's Government,
academic and business leader across multiple sectors;

·    Luís Amado. A former Minister of State and Foreign Affairs, Minister
and Secretary of State in Portugal's Government, academic and business leader
in the industrial, energy, and technology sectors;

·   Carlos Caxaria. A former Vice-President of the Geological and Mining
Institute and Deputy Director-General at the Directorate-General for Energy
and Geology (DGEG) and business leader in the minerals industry; and

·  Astrid Karamira. A specialist in responsible mineral supply chains and
sourcing and international development and Board member of the Global Battery
Alliance.

 

Savannah's Chief Executive Officer, Emanuel Proença said: "The work of the
Advisory Committee is of great value to Savannah and to the Barroso Lithium
Project. Having individuals by our side with such proven track records across
a range of fields is both a privilege and a testament to our commitment to
excellence in this Project. We believe that the diversity of backgrounds
enriches strategic discussions and helps us anticipate the various challenges
and opportunities facing our Project and all those involved in it. The
Committee's composition gives us confidence that the positioning of our
Project - and the broader lithium value chain we aim to help develop in
Portugal - is strengthened by highly qualified and respected perspectives in
areas such as reindustrialisation policy and national competitiveness,
economic diplomacy, deep knowledge of Portugal's mineral resource sectors, and
the integration and value creation of these resources within the global
lithium and battery markets."

 

The Advisory Committee meets regularly with the Company's leadership, and
provides a critical, comprehensive, impartial, and experienced perspective
that directly contributes to informed decision-making.

 

 

Biographical Summaries of the Advisory Committee Members

 

Luís Amado

Holds a degree in Economics from the University of Lisbon and has built a
distinguished career through active involvement in Portuguese political and
institutional life. He held several high-ranking government positions,
including Member of Parliament, Secretary of State for Internal
Administration, Secretary of State for Cooperation, Minister of National
Defence, and Minister of State and Foreign Affairs.

 

Alongside his political career, he served as an auditor at the Court of
Auditors and was a Visiting Professor at the Institute of Social and Political
Sciences (ISCSP), Georgetown University (USA), and the Paris School of
International Affairs - Sciences Po (France). He also chaired the School
Councils of both the Nova School of Business and Economics ('Nova SBE') and
Instituto Superior de Ciéncias Sociais e Politicas in Portugal.

 

In the business sector, he led the Boards of Banif and Banco Cabo-Verdiano de
Negócios and served as Chairman of the General and Supervisory Board of EDP.
He currently holds non-executive and advisory roles in various companies and
institutions, including as a member of the Global Advisory Board of SONAE,
Chairman of the Board of Trustees of Fundação Oriente, and Trustee of
Fundação Francisco Manuel dos Santos.

 

He is also a member of the European Council on Foreign Relations and has
received several international honours, including the Grand Cross of the Order
of Christ in Portugal.

 

 

Luís Mira Amaral

Luís Mira Amaral holds a degree in Electrical Engineering from Instituto
Superior Técnico (1969), a Master's in Economics from Nova SBE (1983), and
completed executive education at Stanford University ("Stanford Executive
Program", 2000) and INSEAD ("Strategic Management Banking Program", 2001). He
also attended the non-executive directors programme at IPCG (2018).

 

With a broad and distinguished career, he has held leadership roles in the
industrial, energy, and technology sectors, including serving as CEO of banks
in Portugal, Angola, and Mozambique. He also held prominent positions such as
member of the Supervisory Board of the Lankhorst-Euronete Group (Netherlands),
Chair of the Audit Committee at NOVABASE SGPS, Chair of the Industry and
Energy Committees at CIP (the Portuguese Business Confederation), and Chairman
of BYND Venture Capital SCR SA.

 

In public service, he was Minister of Labour and Social Security (1985-1987)
and Minister of Industry and Energy (1987-1995).

 

Alongside his executive and political roles, he has maintained strong ties to
academia. He has taught Electricity Production and Transmission at IST, served
as Adjunct Associate Professor of Industrial Economics at Nova SBE, and as
Visiting Full Professor of Economics and Management at DEG/IST. He is a
Chartered Member and specialist in Industrial Engineering and Management at
the Portuguese Order of Engineers, and an Honorary Economist and Chartered
Member of the Portuguese Order of Economists.

 

Currently, he works as a consultant for FNWAY Consulting on R&D and
innovation projects for companies and business associations, and teaches
"Economics for Engineers" and "Management for Engineers" at Técnico+ (IST's
Advanced Training Institute).

 

Carlos Caxaria

Carlos Caxaria holds a degree in Mining Engineering from Instituto Superior
Técnico (1978). He began his professional path as a working student at the
Directorate-General for Taxation (1971-1979). In 1980, he joined the
Directorate-General for Geology and Mines as a Mining Engineer, a role he held
until 1990, when he became Head of the Geological Resources Department at the
Regional Mining Authority, a position he held until 2001.

 

Between 2001 and 2004, he served as Vice-President of the Geological and
Mining Institute, later assuming the role of Deputy Director-General at the
Directorate-General for Energy and Geology (DGEG) from 2004 to 2013. During
this time, he was responsible for managing the administrative and technical
resources of the geological and industrial sectors (mines and quarries,
groundwater, geothermal energy, and oil), as well as overseeing mining
legislation and leading the development of Portugal's first national strategy
for the mining sector.

 

From 2013 to 2016, he was Chairman of EDM - Empresa de Desenvolvimento
Mineiro, S.A., a state-owned company dedicated to the mining sector. Between
2016 and 2019, he worked as a senior consultant in the non-metallic minerals
sector. Since October 2019, he has served as CEO of TECH SALT S.A.

 

 

Astrid Karamira

Astrid Karamira is a specialist in responsible mineral supply chains and
sourcing. Her academic background is rooted in international relations, energy
policy, and economics. She holds both a Master's degree and an MBA in Global
Studies.

 

She spent nearly fifteen years working in international development, primarily
with German Development Cooperation (GIZ), where she designed and implemented
projects in the extractive resources sector. Astrid has advised
governments-mainly in Africa and Europe-and has worked globally on ESG topics
in mining. She has also collaborated with international NGOs, gaining
extensive experience in bridging public and private sector interests.

 

In recent years, she has focused on the lithium sector, developing a strong
understanding of global lithium markets, the full lithium value chain, and the
challenges facing the industry. She also serves on the Board of the Global
Battery Alliance.

 

In addition to her career in the extractive sector, Astrid is a certified
sommelier and the founder and CEO of a wine import and distribution company
based in Lisbon, where she has lived for the past five years. A language
enthusiast, she is fluent in English, French, German, Portuguese, and Spanish.

 

 

Savannah - Enabling Europe's energy transition.

 

**ENDS**

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For further information please visit www.savannahresources
(http://www.savannahresources) .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)
 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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