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A MULTI-COMMODITY PORTFOLIO WITH NEAR TERM DEVELOPMENT OPPORTUNITIES

INVESTOR EVENING

CORPORATE PRESENTATIONDECEMBER 2016 l AIM:SAV

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Disclaimer

These presentation slides (“the Slides”) do not comprise an admission document, listing particulars or a prospectus relating toSavannah Resources plc (“the Company”), or any subsidiary of the Company, do not constitute an offer or invitation to purchaseor subscribe for any securities of the Company and should not be relied on in connection with a decision to purchase orsubscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendationregarding 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 yourinformation and may not be reproduced or distributed to any other person or published, in whole or in part, for any purpose. Noreliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbalpresentation or the completeness or accuracy of such information. No representation or warranty, express or implied, is given byor on behalf of the Company or their respective shareholders, directors, officers or employees or any other person as to theaccuracy or completeness of the information or opinions contained in the Slides and the accompanying verbal presentation, andno liability is accepted for any such information or opinions (including in the case of negligence, but excluding any liability forfraud).

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 thecontrol of the Company that could cause the actual performance or achievements of the Company to be materially differentfrom such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and the Companyaccepts no obligation 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 themeaning of section 86(7) of the Financial Services and Markets Act 2000 (“FSMA”). In addition, in the United Kingdom, theseslides are being directed only at persons who fall within the exemptions contained in Articles 19, 48, 49 and 50A of the FinancialServices and Markets Act 2000 (Financial Promotion) Order 2005 (such as persons who are authorised or exempt persons withinthe meaning of the Financial Services and Markets Act 2000 and certain other persons having professional experience relating toinvestments, 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, investmentactivity or controlled activity to which the Slides relates is available only to such persons and will be engaged in only with suchpersons. Persons of any other description, including those that do not have professional experience in matters relating toinvestments, 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 anyother 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 wheresuch 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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Savannah at a glance…

Prospective multi-commodity portfolio:

• Blocks 4 and 5, Oman – 1,006km² brownfields copper

portfolio of advanced development projects with additional

gold upside targeting first mine development in late 2017

• 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 3.5 billion tonnes at 3.8% Total Heavy Minerals

• Somero and Erajarvi Projects, Finland – Two new lithium

projects, covering an area of 159km² of highly prospective

pegmatite terrain. Aiming to generate drill ready targets

during 2016 for drilling in early 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

KEY DATA

MARKET AIM

TICKER SAV

SHARE PRICE1 6p

MARKET CAP1 £26.92 million

SHARES ON

ISSUE1 450,946,455

CASH2 £1.8 million

SHAREHOLDERS

Al Marjan Limited – 29.90%

David Archer – 5.75%

Rémy Welschinger – 4.70%

1as at 08.12.162as at 26.09.16

AIM quoted development company with an

established multi-commodity portfolio

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Board

Matthew King

Chairman• Qualified solicitor and specialist in

operational risk, compliance and internal

audit – prev. Head of Operational Risk at

HSBC

• Director of Funding Circle Ltd a leading

peer-to-peer lending platform and Allsop

MyRa Ltd, a provider of specialist risk

management solutions

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 East and

internationally

• Minister of Commerce and Industry in Oman

for 20 years following role as President of the

Oman Chamber of Commerce and Industry

Dale Ferguson

Technical Director• Qualified geologist with over 20 years’

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 Managing Director

of 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 Arab Bank

Experienced team with proven success in bringing resource assets into production

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Management team and alternates

MANAGEMENT

Paul O’Donoghue

Country Manager, Mozambique• Served as a Diplomatic Attaché with the Embassy

of 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

of 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 Pundalik Shenoy

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)

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Oman

Cu Au

Aarja

Zuha

Lasail

Bayda

Salahi 1 – 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

BLO

CK 4408km²

BLO

CK 5598km²

old 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

Source: Company photos

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Exploration

Target1

of 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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Why copper?

• Copper is a critical metal and a fundamental requirementfor the world’s expanding middle class

• Copper demand continues to rise with more than 6Mt ofnew copper demand expected to hit the markets by 2020

• New supply additions will peak by late 2016 at 21Mt and gointo deficit by 2017

• An additional 4-6Mt of copper is required by 2025 whichwill be a key driver of the next copper price cycle

• Optimal time to invest to maximise leverage from turnin the cycle

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Source: Rio Tinto corporate presentation 2015

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

Graph produced June 2015

Graph produced June 2015

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Oman: an outstanding location

Outstanding geology

VMS Clusters of 1Mt -15Mt -Oman hosts one of the largestconcentrations of VMS depositsin the world

Metallurgically simple ores

Medium to high-grade deposits

Pro-mining Government

Power

Port

Roads

Low Fuel Cost

Oman offers a compelling

investment opportunity,

offering low CAPEX and OPEX

mine development options

Source: Company data

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Block 5: established resource: Mahab 4 and Maqail South

MAHAB 4 MAQAIL SOUTH DRILLINGDRILLING

JORC RESOURCE

Current Indicated and Inferred JORC Mineral Resource of 1.7Mt at 2.2% copper:

1.51Mt at 2.1% copper at Mahab 40.16Mt 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 at 0.85%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

DRILLING COMPLETED

Initial results received September and November 2016 point towards a potential expansion of the currenthigh-grade portions of both the Mahab 4 and Maqail South resources, results include:• Mahab 4 - 16B5DD009: 67.4m at 4.64% copper, 1.13% zinc and 0.3g/t gold from 18.6m incl. 35.4m at 8.30%

copper, 2.1% zinc and 0.4g/t gold from 18.6m- 16B5DD017: 47m at 6.07% copper, 1.43% zinc and 0.3g/t gold from 52m

• Maqail South - 25.63m at 2.66% copper and 0.1g/t gold from 49.37m and 20.55m at 3.09% copper and 0.1g/t goldfrom 48.95m

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MINING LICENCES

Two mining licence applications submitted to the Public Authority of Mining in the Sultanate of OmanSeptember 2016, for:• open-cut development at Maqail South• underground development at Mahab 4

Preparation for Environmental Studies commenced October 2016

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Block 5: Mahab 4

Eight holes completed October

2016 to improve confidence in

resource estimate and collect

material for metallurgical

testing

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Mahab 4: drill results 11

A resource drilling programme was completed at Mahab 4 and Maqail South in October 2016.

Savannah is targeting an updated resource estimate in Q1 2017. New results from the drill

programme are shown in blue:

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Mahab 4: cross section

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Mahab 4: cross section

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Mahab 4: significant results

Hole ID Prospect Down hole interval (m)

Grade % Cu Grade % Zn Grade g/t Au Grade g/t Ag

16B5DD008 Mahab 4 5.80 9.53 15.06 1.7 49

Including 1.80 28.99 6.00 1.7 52

16B5DD009 Mahab 4 67.40 4.64 1.13 0.3 15

Including 35.40 8.30 2.10 0.4 28

16B5DD010 Mahab 4 10.05 10.51 2.67 0.4 19

16B5DD012 Mahab 4 1.90 4.39 7.60 0.5 37

15.18 4.02 1.00 0.2 12

16B5DD013 Mahab 4 19.80 6.15 1.80 0.4

16B5DD015 Mahab 4 13.55 6.43 0.68 0.2 16

16B5DD017 Mahab 4 47.00 6.07 1.43 0.3 16

2.00 3.37 1.75 0.3 6

16B5DD018 Mahab 4 14.25 3.86 0.62 0.2 7

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Mahab 4: high-grade copper and zinc

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Mahab 4: mining licence application

• Preparation of scoping

document for Environmental

Impact Assessment

commenced

• Community Meeting held at

Wali Office

N.B. The mine layout is conceptual in nature

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Mahab 4: conceptual underground development

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

N.B. The mine layout is conceptual in nature

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Block 5: Maqail South

Drill rig at Maqail South

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Maqail South 19

Results from the October 2016 drill campaign point towards a potential expansion of the

current high-grade portions of both the Mahab 4 and Maqail South resources. Savannah is

targeting an updated resource estimate in Q1 2017. New results are shown in blue:

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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:

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Maqail South: significant results

Hole ID Prospect Down hole interval (m)

Grade % Cu Grade % Zn Grade g/t Au Grade g/t Ag

16B5DD001 Maqail South 25.63 2.66 0.2 0.1 1

16B5DD001A Maqail South 20.55 3.09 0.00 0.1 3

16B5DD002 Maqail South 2.00 6.84 0.02 0.3 5

16B5DD003 Maqail South 1.35 7.86 0.00 0.0 4

including 0.40 23.47 0.00 0.1 14

16B5DD004 Maqail South 5.80 4.42 0.00 0.2 2

16B5DD005 Maqail South 0.98 5.20 0.00 0.1 3

16B5DD006 Maqail South 0.90 1.95 0.00 0.2 4

16B5DD007 Maqail South 2.15 3.70 0.00 0.1 0

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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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Community engagement

• Savannah has continued with its community engagement programsincluding having regular meeting with Sheikhs and local officials

• Savannah continues to give financial support to appropriatecommunity projects

• Community meeting program under development to build anagreed framework to work together

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Block 4: near mine copper / gold targets

Of the targets identified at Block 4,four were part of previouslyproducing mines:

• Commercially mined in the 1980s –produced over 190,000t copper

• No near mine exploration since the early1990s

• Significant opportunity to fast track toproduction

• 3,700km VTEM survey completed H12015

• Most of the significant VMS discoveriesin Oman over the past 10 years havebeen identified by VTEM

• Identified multiple prospective targets:

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Source: Company data

AARJA

LASAIL

BAYDA

ZUHA

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Block 4: near mine targets - Aarja

• Previously produced 2.6Mt at a grade of 1.4% copper between 1988-1994 - existing underground access would support rapiddevelopment

• 144 holes historically drilled for 26,671m, and three primary areas identified:o Aarja Main – 18.58m at 4.7% copper from 143m (hole 10-23)o Dog's Bone – 33.8m at 3.35% copper from 153.1m (hole AEX-39)o Aarja Pit - depth extents of the gossan at the southern end of the Aarja pit returned a trenching result of 14.5m at 8.03g/t gold and

0.9% copper

• Drill testing completed December 2015 (7 holes), identified Dog’s Bone as a primary target:o 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 103mo 5m at 2.17% copper, 0.37% zinc, 0.4g/t gold and 7g/t silver from 151m

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Drilling at Dog’s Bone

May 2016 programme to confirm

location and continuity of

mineralisation and ultimately

support resource definition

• One hole received August 2016

confirmed the position of known

mineralisation and validated

historical drilling with an

intercept of 5.75m at 1.84%

copper and 0.8g/t gold from

109.3m

• A revised geological

interpretation of Dog's Bone and

Aarja is being completed to allow

for further targeting of depth

extensions to mineralisation

October 2016 a new 600m diamond

drilling programme commenced

targeting areas of known

mineralisation to establish a JORC

compliant mineral resource estimate

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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

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Ground EM at Bayda

• Significant VTEM anomaly defined at Baydawhere historically 1Mt at 3% copper wasmined from a small underground during theearly 1990’s

• Detailed ground EM survey has beendesigned and will be completed as aprecursor to further RC and diamond drilling

Map shows the Bayda VTEM anomaly and planned Fixed Loop Transient Electromagnetic (“FLTEM”) survey location

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Targeting near term production

2016

• Resource drilling programme

• Mining lease applications

• Scoping Studies

• Reserve drilling

2017

• 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

Source: Company photosSource: Company photos

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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 oz. 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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MozambiqueConsortium agreement

with Rio Tinto

Initial Indicated and Inferred

Mineral Resource Estimate of 3.5

billion tonnes at 3.8% 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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Why heavy mineral sands?

• 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

most usually in beach environments by

concentration due to the specific gravity of the

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

Positive price indications for ilmenite:

• Ilmenite prices are reported to have

stabilised in Q1 2016, as a result of

improving demand from pigment

manufacturers and reductions in supply

– pigment manufacturers sold an

estimated 6-12% more pigment

compared to the previous year

• Prices for ilmenite in Q2 2016 have risen

tentatively in the Chinese spot market

for sulphate-grade material – China is

the largest market for this grade of

ilmenite

• Late April 2016 Sierra Rutile (primary

rutile producer) recommenced sales in

the titanium-metals market after several

years of subdued demand

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East Africa: an excellent address

• Favourable source rocks and trap sites

• Strong evidence of high unit-value mineral

assemblages

Source: Company data and photos

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• Large operating mines to the north, south and east

• Major operations in the region demonstrate

infrastructure solutions and established markets

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Rio Tinto / SAV Consortium Agreement

• Rio Tinto and Savannah entered into a ConsortiumAgreement October 2016 to define a potential drymining operation for staged, early development

• Legal ownership of Savannah’s Jangamo project andRio Tinto’s Mutamba (inc. Jangamo, Dongane andRavene deposits) and Chilubane projects to betransferred to a consortium company at a future date(which is expected to be subsequent to grant of amining lease)

• Projects are located close to existing road, grid power,water and port infrastructure and will have access toRio Tinto’s existing camp and equipment

• Savannah will operate the enlarged Mutamba Projectand will have an initial 10% beneficial interest in thecombined mineral sands projects, with the potential toincrease to 51% beneficial interest on the achievementof milestones

• Offtake agreement for the sale of 100% of productionto 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

Note: (1) *It is important to note that the above table is a summary of Exploration Targets and the potential quantity and grade is 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

(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.

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Resource potential

• Initial Indicated and Inferred Mineral Resource Estimate of 3.5 billion tonnes at

3.8% THMo Calculation covers the Jangamo and Dongane deposits at Mutamba, previously operated by

Rio Tinto

o Contains 81 million tonnes (“Mt”) of ilmenite, 2.2Mt rutile and 3.8Mt zircon

o 52% of Mineral Resource in the Indicated Category, 48% in the Inferred Category

o Estimate compares favourably against Mozambique mineral sands producer Kenmare

Resources 31 December 2015 global resource of 6.5Bt at 2.9% THM and mining reserve of

1.6Bt at 3.3%THM

o Additional upside potential:o Resource estimation in respect of the Ravene and Chilubane deposits still to be completed

o Drilling underway at Ravene – 88 drill holes for 3,500m of exploratory drilling expected to be

completed before the end of December 2016

• Savannah currently considers a mineable inventory of c.200Mt at c.7% THM will

provide sufficient scale for the initial mine development, producing c.+600ktpa of

ilmenite and 40ktpa of rutile plus zircon (“non-mag”) concentrate, either as final

products or a bulk HMC

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Ravene drilling programme

• Auger drill programme nearingcompletion targeting high-grade zones where past drillinghas returned results of up to14.7% THM

• Follow up RC drill programme isalso underway withapproximately 88 drill holes for3,500m of exploratory drillingexpected to be completed inJanuary 2017

• The aim of this drillingprogramme is to infill anexisting 1,000m x 500m grid togive enough confidence tocomplete an inferred MineralResource estimation

• Work being fast tracked soRavene can be considered aspart of a scoping study

Map of the Ravene deposit area with existing drill holes in black and proposed holes in red

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Pre-development programme

SCOPING

STUDY

ENVIRONMENTAL STUD

Y

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 graded resource

• 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

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 former in country team has been employed by Savannah and integrated into the in-country team

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

MOZAMBIQ

UE

Infrastructure

• Located ~450km northeast of the capital city of Maputoand ~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 site clinic

• On-site laboratory and sample storage warehouse

36

Laboratory

Sample Storage

Site clinic

Site accommodation

Source: Company Photos and Data

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

Development timetable

2016

• Auger Drilling

• Mineral Resource Estimate Update

• Complete Resource drilling at Ravene

• Expanded team fully operational

2017

• Complete Scoping Study and environmental studies

• Pilot plant test work commences

• Marketing studies

• Pre-feasibility study

• Feasibility study

• Negotiate offtake contract

• Mining Concession applications

2018

• Mining Concession Granted

• Environmental Licences granted

• Final investment decision

• Mine construction commences

Source: Company photos

37

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

MOZAMBIQ

UE

Mozambique highlights: staged development

World class heavy

mineral sands province

Consortium Agreement with mining major Rio

Tinto

Initial Indicated and

Inferred Mineral

Resource Estimate of 3.5 billion tonnes at 3.8% THM

Focussed on defining a dry mining

operation for staged, early development

Established infrastructure

to support low capex

development

38

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

Two new lithium projects covering an area of 159km²

of highly prospective

lithium terrain

Finland

Li

STRATEGY:

to determine lithium resource

potential – drill targets to be

identified 2016

39

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

FINLAND

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

40

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 on Deutsche Bank’s

analysis, global lithium demand will

increase to 534,000t by 2025, with

batteries accounting for 70% of global

demand

Favourable pricing environment – 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

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

FINLAND

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-Tantalum ('LCT')

pegmatites, a history of lithium mining

and has been poorly explored for

lithium to date

41

Source: Company Data

Europe is a major importer of lithium

consuming 24% of global market (second

only to China), but has no internal lithium

supply

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

FINLAND

Project portfolio

Located just north of the township of Somero,approximately 100km northwest of the Finnishcapital Helsinki

Covers one of the more prospective parts of theSomero-Tammela rare earth pegmatite belts

Comprises at least 56 complex pegmatitesenriched in lithium, niobium and tantalum,reaching up to 1.2km in length and 50m wide

• Occurs just to the south of TSX listed NortecMinerals Kietyonmaki and Hirvikalio lithiumdeposits

• Historical geological mapping of the area by theFinnish geological survey has confirmed thepresence of the lithium minerals but nogeochemical sampling was completed makingthese a high priority for sampling

42

Somero Lithium Project – 60.5km² Erajarvi Lithium Project – 98.5km²

Located approximately 200km north of theFinnish capital Helsinki, near the town of Orivesi

Historical geological mapping by the Finnishgeological survey has confirmed the presenceof lithium rich minerals

Dykes within the tenement reach up to 600mlength and 50m wide

About 61 complex pegmatites have beenmapped in the area to date – they contain aseries of complex and simple pegmatites

Complex pegmatites often distinctly zonedand contain lithium rich minerals includingspodumene and lepidolite

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

FINLAND

Development programme

• 4 weeks of an 8-10 week reconnaissance geologicalmapping and rockchip sampling programmecompleted September 2016

• 70 rockchip samples collected and submitted tothe laboratory for analysis, with 3 assay resultsreturned to date

• Initial analysis and geological mapping hashighlighted:

o Somero Project has prospective pegmatites up to1,200m long and 50m wide with an initial rockchipassay of 4% lithium oxide (‘Li2O’)

o Erajarvi Project has prospective pegmatites up to800m long and 30m wide with an initial rockchipassay of 1.29% Li2O

• Key lithium minerals petalite, spodumene andlepidolite were identified in hand specimens

43

Exploration programme including data compilation, geological mapping and surface

sampling aiming to generate drill ready targets during 2016

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

FINLAND

Finland highlights: the opportunity 44

2 ATTRACTIVE

PROJECTS

covering an area of

159km² of highly

prospective lithium

terrain in Finland

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

DEFINED

PLAN

to determine lithium

resource potential –

drill targets to be

identified 2016

ATTRACTIVE

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

PROVEN

MINERALISATION

Key lithium

minerals

spodumene,

lepidolite and

petalite identified

MUTLI-COMMODITY

EXPOSURE

Complements SAV’s

established

development portfolio

– copper in Oman

and mineral sands in

Mozambique

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

Summary

Source: Company photos

45

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

INVESTMENT

Investment case

Active growth strategy in place to build a multi-commodity, geographically diverse development and production company

Focussed on commencing commercial copper production in Oman in 2017, with additional gold upside

Highly skilled development team with proven track record of mine

development and investment success

Developing commercial heavy minerals sands mining project with Rio

Tinto

46

Two attractive lithium

projects in Finland with

defined development plan

to identify drill targets 2016

Building the value of the

company with high

tempo activity across

asset portfolio

Supportive

cornerstone

investor

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

Contact Us

David ArcherCEO, Savannah Resources Plc

E: info@savannahresources.com

Source: Company photos

47

CORPORATE

OMAN

MOZAMBIQ

UE

INVESTMENT

FINLAND

MOZAMBIQ

UE

Appendix: Mutamba Project Resource 48

Resources Category Sand

(Mt)% THM1

% Ilmenite

in THM

% Ilmenite

in sand

% Rutile

in sand

% Zircon in

sand THM (Mt)

Ilmenite

(Mt)

Rutile

(Mt)Zircon (Mt)

Jangamo Indicated 1336L Indicated 1780 3.8 62 2.4 0.06 0.11 68 42 1.1 2.0

Jangamo Inferred 1336L Inferred 200 3.5 63 2.2 0.03 0.11 7.1 4.5 0.1 0.2

Jangamo Inferred 3617L Inferred 65 4.2 60 2.5 0.08 0.15 2.7 1.6 0.1 0.1

Dongane Inferred 1400 3.8 61 2.3 0.07 0.10 54 33 1.0 1.4

Total Jangamo & Dongane2 3500 3.8 62 2.35 0.06 0.11 130 81 2.2 3.8

1 THM is “Total Heavy Mineral”, minerals with specific gravity greater than 2.85g/cm3.

2 Tonnes and grades have been rounded and small differences appear in the totals.

Additional upside – resource estimation in respect of the Ravene and Chilubane deposits

(previously operated by Rio Tinto) still to be completed

Mineral Resource Estimate – Jangamo and Dongane deposits, part of Mutamba

(previously operated by Rio Tinto