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A MULTI-COMMODITY M PORTFOLIOWITHNEAR A TERM DEVELOPMENT N - - PowerPoint PPT Presentation

TE CORPORATE PRESENTATION PORA MARCH 2017 l AIM:SAV O R C UE IQ B AM Z O A MULTI-COMMODITY M PORTFOLIOWITHNEAR A TERM DEVELOPMENT N OPPORTUNITIES O M D LA N FI N T E N TM S E INV 2 Disclaimer These presentation


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TE PORA O R C UE IQ B AM Z O M A N O M D LA N FI N T E N TM S E INV

A MULTI-COMMODITY PORTFOLIOWITHNEAR TERM DEVELOPMENT OPPORTUNITIES

CORPORATE PRESENTATION MARCH 2017 l AIM:SAV

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SLIDE 2

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORATE

Disclaimer

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

  • r 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

  • r 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

  • f 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

  • bligation 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 self- certified 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

  • ther 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.

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TE PO RA O R C MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

Savannah at a glance…

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KEY DATA MARKET AIM TICKER SAV SHARE PRICE1 5p MARKET CAP1 £26 million SHARES ON ISSUE1 450,946,455 CASH2 ~£3 million SHAREHOLDERS Al Marjan Limited – 28.44%* David Archer – 5.17% Rémy Welschinger – 4.22%

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
  • f 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 Q2 2017 Skilled board and management team:

  • Proven track record in acquiring, developing and operating

resource assets

  • Directors represent 35.76% of the share register – fully aligned

with shareholders

1as at27.03.17 2as at 23.02.17

*Expecting to go to 29.99% after the Company’s forthcoming Annual General Meeting

AIM quoted development company with an established multi-commodity portfolio

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TE PO RA O R C MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

Board and Management Team

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Experienced team with proven success in bringing resource assets into production

Maqbool Ali Sultan Non-Exec Director David Archer Chief Executive Officer Imad Kamal Abdul Redha Sultan Non-Exec Director Dale Ferguson Technical Director Matthew King Chairman

Manohar Pundalik Shenoy Alternate for Maqbool Ali Sultan Murtadha Ahmed Sultan Alternate for Imad Kamal Abdul Redha Sultan

David Price Exploration Manager,Oman

Durair A’Shaikh General Manager Business Development Oman Michael McGarty Chief Financial Officer

Paul O’Donoghue Country Manager, Mozambique

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TE PO RA O R C TE PORA O R C UE IQ B AM Z O M A N O M D LA N FI N T

World-class Heavy Mineral Sands Project: Mozambique

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

M U T A M B A P R O J E C T

THM

Source: Company photos

Strategy: Focussed on defining a dry mining operation for staged, early development in conjunction with Rio Tinto

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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

  • f

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
  • f Sichuan Lomon & Henan Billions and Tronox

& Cristal

  • Higher prices required to justify additional supply

and mine development

Why heavy mineral sands?

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  • 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

beach environments by the specific gravity of the most usually in concentration due to mineral grains

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 MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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UE IQ B AM Z O M OMAN

Rio Tinto / SAV Consortium Agreement

  • 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)

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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.

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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UE IQ B AM Z O M MOZAMBIQUE

Significant resource potential

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Initial Indicated and Inferred Mineral Resource Estimate

  • f 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

  • f ilmenite and 40ktpa of rutile plus zircon (“non-

mag”) concentrate, either as final products or a bulk HMC

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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OMAN

Peer Comparison

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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

Valuable THM% Other/ Non Valuable THM% Mineral Estimate Company Operation Country (Millions Tonnes) Total THM% Ilmenite Rutile Zircon Sub Total Resource Kenmare Moma*** Mozambique 6,472 2.90% 2.40% 0.10% 0.16% 2.66% 0.25% Savannah Resources Mutamba North* Mozambique 4,400 3.90% 2.30% 0.05% 0.11% 2.46% 1.44% Mineral Deposits Grand Cote** Senegal 1,915 1.40% 1.01% 0.04% 0.15% 1.19% 0.21% World Titanium Resources Ranobe Madagacscar 959 6.10% 4.40% 0.14% 0.34% 4.89% 1.21% Base Kwale Kenya 143 4.40% 2.24% 0.57% 0.26% 3.08% 1.32% Reserves Kenmare Moma *** Mozambique 1,564 3.30% 2.70% 0.06% 0.18% 2.94% 0.36% Savannah Resources Mutamba North* Mozambique Mineral Deposits Grand Cote** Senegal 1,294 1.50% 1.08% 0.04% 0.16% 1.28% 0.22% World Titanium Resources Ranobe Madagacscar 161 8.20% 5.93% 0.20% 0.45% 6.58% 1.62% Base Kwale Kenya 110.4 5.00% 2.70% 0.65% 0.30% 3.65% 1.35%

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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CORPORA TE INVESTMENT FINLAND MOZAMBIQUE

Pre-development programme

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SCOPING STUDY ENVIRONMENT AL STUDY

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 gradedresource

  • 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

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-countryteam

COMMUNITY ENGAGEMENT

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

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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CORPORA TE INVESTMENT FINLAND MOZAMBIQUE

Dry Mining: the process

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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 tonnesannually.*

Mutamba resource amenable to dry mining

Faster route to production

Lowercost Lowerrisk Flexible Scalable Ability to minehigh grade portions Allows staged approach

*Source: www.afritramp.eu

Cohesive community engagement programme to be implemented alongside

  • perational

activities

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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UE IQ B AM Z O M OMAN INVESTMENT FINLAND

Infrastructure

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  • 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 siteclinic

  • On-site laboratory and sample storage warehouse

Laboratory

Sample Storage

Site clinic Site accommodation

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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CORPORA TE UE IQ B AM Z O M

Supporting National Aids Day:

Community Engagement

with local international Active development programmes:

  • Defining

programme authorities to support:

  • education
  • health
  • sanitation
  • water
  • Working

with an development agency to develop programmes to:

  • Train staff and build technical skills in:
  • mine development
  • mine operation
  • Commercialise small scale agriculture

activity

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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

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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CORPORA TE MOZAMBIQUE OMAN INVESTMENT FINLAND

Development timetable

2017

  • 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

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TE PO RA O R C

Oman

Aarja Zuha Lasail Bayda Salahi1 – gold Gaddamah - copper and gold

Mahab 4 - 1.51Mt at a grade of 2.1% copper for 31,500t of contained copper Maqail South – 0.16Mt at a grade of 3.8% copper

BLOCK 4

408km²

BLOCK 5

598km²

  • ld copper mines (collectively

produced over 212,000t copper)

Strategy: Targeting a resource inventory to support high margin, low cost, copper/gold operations to commence mine production in late 2017

Highly prospective asset portfolio covering 1,006 km²

Cu Au

Source: Company photos

Exploration Target1

  • f 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

1 It is important to note that the potential quantity and grade of the Exploration Target conceptual in nature, there has been insufficient

exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

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CORPORA TE A N O M INVESTMENT FINLAN OMAN

Why copper?

  • 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

Source: Rio Tintocorporate presentation2015

Demand continues to rise 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

GraphproducedJune 2015 GraphproducedJune 2015

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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CORPORA TE A N O M

Oman: an outstanding location

Oman offers a compelling investment opportunity,

  • ffering 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

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MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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A N O M

Block 5: established resource: Mahab 4 and Maqail South

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 4 0.16Mt 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 at0.85%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

  • f Oman September 2016, for:
  • pen-cut development at MaqailSouth
  • underground development at Mahab 4

Preparation for Environmental Studies commenced October 2016

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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CORPORA TE OMAN

Block 5, Mahab 4: drill results

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:

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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Mahab 4: cross section

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Mahab 4: metallurgically attractive

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 powerrequirements Test work also indicates relatively low equipment liner and grinding media wear due to low abrasionrates 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 andrecoveries 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

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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A N O M OMAN

Mahab 4: mining development

✓ Preparation of scoping document for Environmental Impact Assessment commenced ✓ Community Meeting held at Wali Office

N.B. The mine layout is conceptual in nature

Underground mining is more expensive than open pit mining but has some significant benefits

  • 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

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CORPORA TE OMAN

Block 5: Maqail South

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 Q1 2017. New results are shown in blue:

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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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:

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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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

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Block 4: near mine copper / gold targets

Of the targets identified at Block 4, four were part

  • f 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 H1 2015
  • Most of the significant VMS discoveries in Oman over

the past 10 years have been identified by VTEM

  • Identified multiple prospective targets:

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Source: Company data

AARJA LASAIL BAYDA ZUHA

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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CORPORA TE

Block 4: near mine targets - Aarja

  • Previously produced 2.6Mt at 1.4% copper between 1988-1994 - existing underground access

supportive of rapid development

  • Three primary target areas identified:
  • 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:

  • 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

  • 5m at 2.17% copper, 0.37% zinc, 0.4g/t gold and 7g/t silver from 151m
  • 5.75m at 1.84% copper and 0.8g/t gold from 109.3m

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Block 4: near mine targets - Bayda

  • 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 andplanned Fixed Loop Transient Electromagnetic (“FLTEM”) survey location

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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OMAN

Community engagement

programs

  • Savannah

has continued with its community engagement 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

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CORPORA TE

Targeting near term production

2017

  • 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

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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Oman highlights: near term production

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 1.4-2.4% copper and 0.38g/t gold Exploration Target of 151,500 - 702,500 tonnes contained copper and 55,000 - 362,000

  • z. 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

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MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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TE PO RA O R C TE PORA O R C UE IQ B AM Z O M A N O M D LA N FI N T

Two new lithium projects covering an area of 159km²

  • f highly

prospective lithium terrain

Finland

Li

STRATEGY: determine lithium resource potential to take advantage of strong market dynamics from the burgeoning battery market

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CORPORA TE OMAN

Lithium: growing demand

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

By 2022 there will be 3x the number of Electric Vehicle models on sale as in 20161

  • China has set a target to have 5 million

“new energy” vehicles on the road by 20202 Consumer demand from smartphones, tablets, laptops and power tools was 27.5kt in 2014 and is expected to grow at more than 10%1 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 Global lithium demand was 184,000t in 2015. Based

  • n

Deutsche Bank’s analysis, global lithium demand will increase to 534,000t by 2025, with batteries accounting for 70% of global demand Prices expected to remain >$6,000/t lithium carbonate equivalent* Energy storage represents a small part of current lithium demand, but growth potential is high with renewable sources set to potentially rival EV growth rates3

1 Liberum: The Lithium Landscape, May 2016 | 2 Berenberg: Battery adoption at the tipping point – Feb 16 | 3 Deutsche Bank: Company Data

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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Finland: a strategic location

▪ 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 ▪ Finland has access to good geological and exploration data, has favourable tectonic history for the formation of Lithium-Cesium-T antalum ('LCT') pegmatites, a history of lithium mining and has been poorly explored for lithium to date

Source: Company Data

Europe is a major importer of lithium consuming 24% of global market (second

  • nly to China), but has no internal lithium

supply

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CORPORA TE

Project portfolio

Somero Lithium Project – 60.5km²

  • 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

  • f

the lithium minerals but no geochemical sampling was completed making these a high priority for sampling

Erajarvi Lithium Project – 98.5km²

▪ 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

MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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CORPORA TE

Development programme

  • 524 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:

  • 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 Q2 2017 (following winter)

Exploration programme including data compilation, geological mapping and surface sampling aiming to generate drill ready targets during 2016

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CORPORA TE OMAN

Finland highlights: the opportunity

HIGHLY PROSPECTIVE LITHIUM MARKET Strong market dynamics from the burgeoning battery market FAVOURABLE PRICING MARKET significant growth forecast, prices expected to remain >US$6,000/t lithium carbonate equivalent A TTRACTIVE LOCATION Finland has low sovereign risk, a supportive mining code and has been proven to host commercial lithium deposits Excellent access to high quality infrastructure and close to potential end-customers, such as battery producers 2 ATTRACTIVE PROJECTS covering an area of 159km² of highly prospective lithium terrain in Finland PROVEN MINERALISATION Key lithium minerals spodumene, lepidolite and petalite identified DEFINED PLAN to determine lithium resource potential – drill targets to be identified 2017 MUTLI-COMMODITY EXPOSURE Complements SAV’s established development portfolio – copper in Oman and mineral sands in Mozambique

CORPORA TE MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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Summary

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CORPORA TE T E N TM S E INV

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

CORPORA TE MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

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D LA N FI N

40

ContactUs

DavidArcher CEO,SavannahResourcesPlc E:info@savannahresources.com

Source: Company photos

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TE PO RA O R C MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

Board

41

Matthew King Chairman

  • Qualified solicitor and specialist in
  • perational risk, compliance and internal

audit – prev. Head of Operational Riskat HSBC

  • Director of Funding Circle Ltd a leading

peer-to-peer lending platform andAllsop MyRa Ltd, a provider of specialistrisk

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 Eastand internationally

  • Minister of Commerce and Industry in Oman

for 20 years following role as President of the Oman Chamber of Commerce andIndustry

Dale Ferguson Technical Director

  • Qualified geologist with over 20years’

experience in the resources industry

  • Experience spans greenfield and near mine

exploration, resource delineation, feasibility studies, due diligence investigations and mine development and operations

Imad Kamal Abdul Redha Sultan, Non-Exec Director

  • Vice Chairman and Deputy ManagingDirector
  • f 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 ArabBank

Experienced team with proven success in bringing resource assets into production

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TE PO RA O R C MOZAMBIQUE OMAN INVESTMENT FINLAND CORPORA TE

Management team and alternates

42

MANAGEMENT

Paul O’Donoghue Country Manager, Mozambique

  • Served as a Diplomatic Attaché with the Embassy
  • f 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
  • f base metal deposits and VMS style

mineralisation

  • An Omani national, based in Muscat
  • Formerly a senior executive of the Oman mines

department

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

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 PundalikShenoy 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 sub- committees

  • 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)