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Business Summary: Savannah Resources Plc (Savannah) is a United Kingdom-based lithium development company. The Company's flagship asset is the wholly owned Barroso Lithium Project in northern Portugal. The project contains significant bearing spodumene lithium resources in Western Europe, consisting of five deposits, including Grandao, Reservatorio, Pinheiro, NOA and Aldeia. Savannah’s Barroso Lithium Project is located in northern Portugal, approximately 145 kilometers (km) northeast of the City of Porto and the industrial port of Leixoes. The Barroso Lithium project covers an area of over 8.36 square kilometers (km2) in the Barroso hills of northeast Portugal and consists of the C-100 Mining Lease (5.42 km2) and an adjacent, three block, mining lease application area (2.94 km2). Savannah is focused on providing a long term, local source of lithium raw material for Europe's developing lithium battery value chain.
Financial Summary: BRIEF: For the six months ended 30 June 2023, Savannah Resources Plc revenues was not reported. Net loss before extraordinary items increased 15% to L1.5M. Higher net loss reflects Foreign Exchange (Loss) / Gain increase from L629K (income) to L148K (expense).