Member Info for Glengarth

RNS yesterday on events in Portugal if missed by anyone:

Statement Regarding Today's Actions by the Portuguese Public Prosecutor

Savannah Resources Plc notes the actions taken today in the country led by the Public Prosecutor's Office of the Central Investigation and Criminal Action Department (DCIAP). According to DCIAP these actions were taken to investigate facts related to:

· A project for a hydrogen energy production plant in Sines

· The data centre construction project developed in the Sines Industrial and Logistics Zone

· Lithium exploitation concessions 'in the Romano (Montalegre) and do Barroso (Boticas)'

As part of these actions Savannah confirms that investigating officials attended certain business locations in Portugal today. Savannah cooperated fully with the investigating officials and the Company will continue to do so. Neither Savannah nor any of its directors or employees are targets of the investigation (termed as "arguidos" in Portuguese).

The Company confirms that its work at the Barroso Lithium Project is continuing unencumbered while DCIAP's investigation is ongoing. The Project's Mining Lease, issued in 2006, remains in good standing and Savannah has and always will conduct its business in a fully lawful and transparent manner.

Savannah will make further announcements relating to DCIAP's investigation as appropriate.

Regulatory Information

This Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

Savannah - Enabling Europe's energy transition.

**ENDS**

Got to be a case of supply and demand here soon - and it would make sense that in the not too distant future not only will many groups be after precious Lithium sourced directly from Europe, but many people will also be after the shares of the company extracting and providing that Lithium - SAV standing in a very good position now with some more broker weight behind it and ongoing workstreams - ducks being lined up

GLA

Hardly imo, of course it massively helps but TGR has been developing since long before last week - it merely sped up awareness of one of the main strategic cases for investment in ex-China Natural Graphite companies - of which TGR is one of the top 3 with significant advantages over the existing producers and of course in any immediate demand situation that may arise places it far ahead of the rest of the pack in ability to exploit any major price rises here and now.

It also highlighted the imperative to invest in ex-China graphite and anode production capacities. That China retaliated against sanctions on selling semiconductors to China by the US with the prospect of Graphite export restrictions illustrates just how important Graphite is to the energy transition, it's on a par with semiconductors - starve the world of graphite and anode and all transition efforts fail miserably. The message is therefore clearer than ever - Western governments and their development bodies and businesses, need to invest in major ex-China capacities, and likely realise this now more than ever before.

Finance professional with significant high level experience sounds like he could help TGR with exactly where they are at right now.

Looks like good exposure to Sustainable resources in his experience and a connection to a major specialist resource fund - I see that is invested in another Graphite company too.

Looks like the ducks being lined up for the next stage of the company’s journey

DYOR, GLA

If suddenly the Graphite world becomes starved of Graphite from China it's a case of where will ex-China consumers immediately turn to for their supply? It's not going to be a mine that might come online in 20 months with huge capex and likely delay risk that goes along with that process and in a whole new operating jurisdiction.

Much more likely is the ex-China consumers will contact all and any current producers for what spare capacity they have that can meet their needs and also those that can add capacity quickly - well TGR has significant capacity it is establishing and ramping up and has shown an ability to build capacity in a modular fashion for capex lower than anyone else. And what's more, any extra capacity it builds will be in regions already very well established as Graphite operating regions with significant infrastructure in place etc.

Ex-China world has been sleeping, TGR has a major opportunity here

TGR - right place, right time?

Thanks the post BBN, I agree.

Company finally looks to be hitting its stride albeit it bumpy and not without snags, such is the risk of resource investing. It definitely will be well on its way if it reaches 15kt this FY. The news this morning about China curbing Graphite exports could not come at a better time for the likes of TGR. Will really add pressure to ex-China consumers to find alternative sources of which there are very few. If it results in price rises then very happy days for one of the only current producers able to actually enjoy them with production at a very low cost.

GLA

Some good highlights - grade an issue but hasn't stopped the Company ramping up enough to start the debt process it seems, and sounds like it won't stop them from further progress as their target is 7,500-10,000MTs in the next half - given the results to date and cost profile etc it looks like this will be by far the strongest FY to date, and crossing the 10,000tpa production mark for the first time.

6 month revenue greater than the entire 12 month period before. Feels like the company is warming up now. Pleasantly surprised the average price has been somewhat maintained. Let's see what's next!

DYOR, GLA

Slowly slowly, SAV taking the right steps and good to see the CEO initiate his interest while in position! All I see across the industry points to there being a decent premium available for local spodumene producers for supplying a European battery industry

GLA

Board troll still here of course - still waiting for retraction of his misquote/libel.

Hoping for a good set of numbers to come eventually that may finally set TGR back on an upward path toward a better valuation. If BAT have exhausted their allocation available for offloading it could present good timing for good news and solid signs of progress.

Get the graphite operation up and running smoothly and the rest falls into place imo - aside from this likely being the strongest FY to date given the trend in the published results and public stated targets, TGR could be the first outside China to have an actual feasible natural graphite operation up and running. I don't think that will go unnoticed given the groundswell of upcoming demand from energy transition industries for critical minerals such as Graphite!

GLA, DYOR

Excellent - we all know where this is going. Management seem very confident and closing of these deals will bring more and more interest to the Angola as the North Sea 25 years ago thesis and as other jurisdictions become increasingly volatile

Sounds very confident about the ML following the meeting last week in that RNS

Love to see it.

ALL remains one the best places Lithium developers yet to reach production but on the cusp of something huge imo

Wow - we are really through the looking glass here, and tomorrowtoday has exposed himself as fully living in la la land, just re-read what he's just written:

"I agree this was in fact a cunning "TRICK" which management came up with 2 days after they released results. There is no way on earth management could have sorted out that amount of cash in 2 days. They already had the cash long before they released the results. After the results were not received well they came up with the $1 million which led Mr marker and investors to disbelieve the company even more."

This is funny on a 2 notes.

1. the fact he agrees such things take more than 2 days - i.e. he must therefore understand building business takes time yet he clamours on about every business activity of the company as if it should be completed right here right now, without pause for thought about the disruptions that have taken place beyond the company's control.

2. He is suggesting the company magicked up the money itself and actually had it before the last results were released - this is hilarious - does he not understand that auditors would spot would be able to see such an amount just sitting there, and also that the amounts were verified by RNS as from American & European corporate customers and there will be matching invoices/orders.

GLA, DYOR

Tomorrowtoday - you've quoted me, but I don't remember saying those words, if I did please remind me and point to the exact post - I have called what I see as good potential value to be had here continuously for a long time for the reasons well known including:

a) TGR is possibly the lowest cost ACTUAL current producer of natural Graphite outside China

b) it likely has the lowest capital intensity per MT outside of China

c) it seems to be on the verge of its strongest financial performance to date if its target are met - there is yet to be an EBITDA positive/profitable graphite company on public markets outside of China. IF TGR achieves that status it may be the very first.

d) it is building a significant NON-CHINA/EX-CHINA supply chain serving growing markets. It's clear this is hard for a new entrant (just look at Nextsource's problems! 18 month, and potentially growing, delay from original timeframe) but the market share it appears to be establishing now already at significant capacities and economic feasibility during a downturn, in my opinion supports a thesis that it will be well placed for large upcoming demand driven by the energy transition.

Keep up the good work Andii and co. I have been invested here for a long time, anyone who reads the board here knows that. Just got to take the good with the bad and the vultures are still out there. While this remains a high Potential company, I feel that the work it has put in will be worth it. Fair enough being frustrated with the sp; almost all of us investors are underwater, but you have to provide context as well to justified criticism such as the missing of targets: 2022 cyclone disruption, bear market particularly hard on junior London shares, Mozambique acquisition delays, graphite price drops/poor recent industry sentiment, a major distressed shareholder liquidating in order to keep their own company afloat etc.

Focusing on the trend in the published results and you see where this goes if stated targets are met - and that is what may provide a major potential separator between TGR and the rest imo.

As always do your own research to see the differentiators compared to other graphite companies on TSX/ASX etc; all the above is just an opinion!

GLA

Thanks for sharing Andii

Good to see some rational analysis return to this board.

Good to see this distressed seller clearing the way - the faster the better imo.

Will be interesting to see who the new Director is that is "in the advanced stages of the process to appoint", hopefully a big hitter to symbolise and equip TGR for the next level of the journey the company is on the cusp of (if it is meeting its targets and with growing interest in the space!)

Interesting UBS note out on forecast rising prices last week for Graphite, on the back of another note by another house in August.

GLA

Mhow,

For this FY to March 24, I would expect revenue closer to £10m IF TGR hits its stated target of 50% in Q2 and 75% in Q3 and that continues into Q4, including with your discount according to my maths. If achieved, at that point TGR would stand head and shoulders above the crowd in the Graphite space as most likely it would be earning £££ which is the game changer as I don't think that has been achieved outside China by a listed company yet.

GLA

I agree Starfoxx - would be good to see SAV continue to grow its footprint across feasible project locations in a circumstance where MdB has a strategic partner lined up for a good chunk of its supply, allowing SAV to develop it and look at a new project simultaneously

Been invested since Dec 2020 - a current producer, one of maybe 2/3 that have built a whole new project outside of China in years - that can’t be going unnoticed.

And on the business end, the ramp up is supposedly well underway - if TGR hits the targets, which are much more reasonable now, that it has provided the market then it will probably be a v strong financial performance ahead (revenue already likely ahead of the previous FY as mentioned in the last RNS). Compare such a performance with SYR and Northern, both shuttering their operations, whereas TGR will be hoovering up market share outside China.

GLA