Member Info for LithiumPower

Savannah Resources Plc, the developer of the Barroso Lithium Project in Portugal (the ‘Project’), a 'Strategic Project' under the European Critical Raw Materials Act and Europe's largest spodumene lithium deposit is pleased to announce that the process to grant the Company a second immediate temporary access to land on the Project's C-100 Mining Lease which it does not already own, has now been completed. This will allow Savannah to undertake geotechnical fieldwork and drilling relevant to the Project’s processing plant and infrastructure.

Full details can be found in the attached announcement.

Highlights:

• Temporary land access granted: Following completion of this second temporary land access process, the required notice has been published in the Government's official gazette (Diário da República). Savannah now has the right to access the land for a period of up to one year.

• Next Steps:

o The Company will contact all stakeholders and landowners with a view to paying the compensation due, as well as continuing close contacts with the relevant authorities to ensure a transparent and efficient process.

o Initial work in the field will focus on the clearing and preparation of the land with drill rigs to be mobilised as soon as practicable. Preparation work can be undertaken swiftly as Savannah’s team are already working in other areas on the Project, clearing the ground as

required ahead of the summer forest fire season.

o The resumption of fieldwork also supports the process of hiring new support staff and contracting additional local services.

Battery storage is the fastest growing power technology today. In 2025, 108 GW of new battery storage capacity was deployed worldwide, 40% more than in 2024. Installed capacity is now eleven times higher than in 2021. Lithium‑iron phosphate (LFP) batteries now account for around 90% of deployments; while less energy‑dense than rival chemistries commonly used in EVs, LFP batteries are typically cheaper and better suited to more frequent cycling. Just five years ago, the market share of LFP batteries in deployments was well below 50%.

Around 80% of new battery capacity in 2025 was utility‑scale. The remainder was behind-the-meter capacity installed by commercial and residential consumers. Battery storage durations are gradually lengthening. While most projects still cluster around two hours, an increasing number can be deployed for four hours or more, reflecting the growing value of flexibility in systems with rising shares of PV.

China continued to lead battery deployment in 2025, accounting for around 60% of global additions, followed by the United States and Europe. However, deployment is widening beyond the largest markets, with strong momentum in Australia and parts of the Middle East, where storage is increasingly seen as a key building block for electricity security and renewables integration.

Battery-based uninterruptible power supplies (UPS) – primarily in data centres – also saw significant growth, with capacity additions rising 30% to 45 GW in 2025. However, unlike battery storage systems, UPS generally only provide short‑duration backup to bridge outages until other backup sources start

https://www.iea.org/reports/global-energy-review-2026/technology-battery-storage

Voice was good.

2,574,149,699

Https://www.mysteel.net/analysis/5116143-a-glance-of-china-lithium-ion-battery-materials-market-20260317

Lithium mining has started today at Keliber's hard rock spodumene mine , Finland (Sibanye-Stillwater Keliber lithium project).

Spodumene concentrate price just passed 2000 USD/tonne.

https://www.metal.com/Lithium/201906260003

Seems that the Big Boys think that, no matter how big Ore Resources Savannah have, that is worth of zero euros until the Environmental License is accepted meaning that Savannah has permit to start the operations and making money.

It is the RECAPE i.e. Environmental Licence what the big investors are waiting for.

Https://www.france24.com/en/americas/20250826-bolivia-china-russia-lithium

Https://source.benchmarkminerals.com/article/lithium-prices-react-to-news-of-chilean-shutdown-but-real-supply-impact-may-be-limited

Https://www.savannahresources.com/investors/rns-feed/

Great! Savannah's Barroso Lithium project is on the list.

The decision will come today, finally

In March 2025

Overall, we expect global lithium demand to increase 26% to 1.46 million tonnes in 2025 on a lithium carbonate equivalent (LCE) basis, up from an estimated 1.15 million tonnes this year.

https://www.mining.com/lithium-market-could-see-modest-recovery-in-2025-adams-intelligence/

We all hope some significant updates coming, but in real life they are progressing according to a plan.

From Company presentation page 11 you will see what actions are on-going. At least Resource Update and DFS will be finalized until the end of this year.

• Land access progressed

• Resource upgrades

• Local stakeholder engagement

• Complete DFS

• Progress compliance work for Env. licencing (RECAPE)

https://www.savannahresources.com/media/jp4okxy5/sav-corporate-presentation.pdf

Luckily Battery Energy Storage will grow heavily at the same time feeding the lithium demand.

PV Magazine:

https://www.pv-magazine.com/2024/07/09/global-energy-storage-fleet-to-surpass-1-tw-3-twh-by-2033-woodmac-says/