Savannah Resources
Savannah Resources Plc is a UK-listed mineral development company developing the Barroso Lithium Project in northern Portugal — Europe's largest spodumene deposit — to supply approximately 190,000 tonnes per annum of spodumene concentrate to battery manufacturers, EV producers, and lithium chemical processors from 2028.
- Company typePublic
- Founded2011
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Savannah Resources does
Savannah Resources Plc is a UK-incorporated public mineral development company listed on the London Stock Exchange's AIM market (ticker: SAV) and traded on the Frankfurt and Stuttgart exchanges. Founded in 2010/2011 and headquartered in London with offices in Lisbon and Boticas (Portugal), the company is the 100% owner and sole developer of the Barroso Lithium Project in northern Portugal, the largest known spodumene lithium deposit in Europe. The project holds EU Strategic Project designation under the Critical Raw Materials Act, a confirmed JORC-compliant resource base of 39+ million tonnes (27 Mt in Measured and Indicated categories) with an additional 35–62 Mt exploration target, and an expected mine life exceeding 50 years. Once operational, targeted for 2028, the project is designed to produce approximately 183,000–200,000 tonnes per annum of spodumene concentrate, sufficient feedstock for roughly 500,000 EV battery packs annually.
The underlying technology is hard-rock spodumene mining and conventional mineral concentration from pegmatite deposits, with no proprietary software or processing IP disclosed in the input. The Phase 1 Definitive Feasibility Study (July 2026) reports a post-tax NPV of $913 million and a 43% IRR against a total project investment of approximately $417 million. The business model is pre-revenue offtake-based: production will be sold through direct contracts to large battery manufacturers, electric vehicle producers, and lithium chemical processors seeking European-sourced material to meet CRM Act targets. A long-term offtake is in place with AMG Critical Materials, which also holds a 15.77% strategic stake and a board seat following a GBP 16 million investment in June 2024.
Capital has been assembled through a sequence of equity raises (£6.1M in 2023, £16M from AMG in 2024, £9.2M oversubscribed placement in November 2025) and a €110 million non-reimbursable Portuguese state grant approved in January 2026. The company is also pursuing a secondary listing on Euronext or the Australian Securities Exchange to broaden its investor base ahead of the construction decision targeted for 2027. Governance includes a new CFO appointed in April 2025 and an Advisory Committee chaired by Luís Amado and Mira Amaral.
Savannah Resources firmographics
Firmographics- Name
- Savannah Resources
- Legal name
- Savannah Resources Plc
- Website
- https://savannahresources.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Savannah Resources Plc is a UK-listed mineral development company developing the Barroso Lithium Project in northern Portugal — Europe's largest spodumene deposit — to supply approximately 190,000 tonnes per annum of spodumene concentrate to battery manufacturers, EV producers, and lithium chemical processors from 2028.
- Ownership category
- akta.pro rank
Savannah Resources industry classification
Industry- Product category
- Lithium Mining
- akta.pro primary industry
- Lithium Mining & Brine Extraction (IMAKAFAA)
- akta.pro secondary industries
- Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
Keywords
Where Savannah Resources is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Savannah Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Technology or R&D, Supply Chain, Infrastructure
Revenue model
- Spodumene Concentrate Sales: Revenue will be generated from the sale of spodumene concentrate produced at the Barroso Lithium Project. The company is pursuing offtake agreements with battery manufacturers and lithium chemical producers. Production is expected to yield approximately 183,000-190,000 tonnes per annum of spodumene concentrate.
- Potential By-product Sales: The company has noted potential revenue from by-products of the mining and concentration process, with several agreements under analysis for sale of lithium and by-products.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
Savannah Resources product offering
Product offeringCore offering
Savannah Resources is developing the Barroso Lithium Project in northern Portugal, Europe's largest spodumene lithium deposit. The company will mine hard rock spodumene from pegmatite deposits and produce approximately 190,000-200,000 tonnes per annum of spodumene concentrate for sale to battery manufacturers, lithium chemical processors, and EV producers. The project targets first production in 2028, with sufficient output to supply lithium for approximately 500,000 EV battery packs annually.
Product overview
Savannah Resources operates as a single-product mining development company focused exclusively on the Barroso Lithium Project in northern Portugal. The project represents Europe's largest spodumene lithium resource, positioned to supply critical raw materials for Europe's electric vehicle and battery supply chain. The company is 100% owner of the project and has secured EU Strategic Project designation, government grants of up to €110 million, and strategic investment from AMG Critical Materials. The project targets first production in 2028, with the company developing the complete mining operation from exploration through to spodumene concentrate production.
Differentiator
Problem solved
Functional benefit
Brands
- #EnergyofBarroso: Community engagement and sustainability initiative highlighting the social and economic benefits of the Barroso Lithium Project for local communities in northern Portugal.
Products and services
- Barroso Lithium Project Europe's largest spodumene lithium deposit located in northern Portugal, approximately 145km northeast of Porto. The project aims to produce approximately 190,000-200,000 tonnes per annum of spodumene concentrate for sale to battery manufacturers, lithium chemical processors, and EV producers, sufficient to supply lithium for approximately 500,000 EV battery packs annually. Designated an EU Strategic Project under the Critical Raw Materials Act with first production targeted for 2028.
Quantifiable outcome
- Post-tax NPV of $913 million and 43% IRR (Phase 1 Definitive Feasibility Study)
- +2 more outcomes
Companies that use Savannah Resources
Customer profileSegments3 records
Ideal customer profiles3 records
Savannah Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Savannah Resources partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Local Community AssociationscoreThree new benefit-sharing agreements with communal land managers (baldios) secured fresh backing from local landowners in northern Portugal. This development aims to overcome years of community opposition ahead of a final construction decision.
- Baldios (Communal Land Managers)coreSavannah Resources signed land access and benefit-sharing agreements with local communal land managers (baldios) for the Barroso lithium project in August 2026. These agreements secure access to mining concessions hosting a 3.5-million tonne resource while establishing community oversight and fair compensation mechanisms.
Scale indicators15 records
Recent moves8 records
Expansion highlights5 records
Savannah Resources competitors and assessment
Company assessmentDirect peers
- Pilbara Minerals: Australia-listed major spodumene concentrate producer (Pilgangoora). Most directly comparable to Savannah as a hard-rock spodumene miner supplying the global lithium battery supply chain, though at much larger scale.
- Liontown Resources: Developer of the Kathleen Valley hard-rock spodumene lithium project in Western Australia. Highly comparable to Savannah as an AIM-listed spodumene developer now controlled by Albemarle.
- Vulcan Energy Resources: German-listed developer pursuing lithium from geothermal brines in the Upper Rhine Valley. Closely comparable as a European-listed lithium developer targeting EU battery customers under the CRMA framework, though using a different extraction route.
- Atlantic Lithium: AIM-listed developer of the Ewoyaa spodumene project in Ghana. Comparable stage and AIM listing, with a pre-existing offtake with Piedmont Lithium, and a similar profile of seeking downstream partners for European battery markets.
- European Lithium: ASX-listed developer of the Wolfsberg spodumene lithium project in Austria. Comparable as one of the few European-domiciled hard-rock spodumene developers targeting EU battery raw materials demand.
- Core Lithium: Australia-listed spodumene concentrate producer (Finniss project in Northern Territory). Comparable hard-rock spodumene producer currently ramping up sales to battery and conversion customers.
- Sigma Lithium: Canadian-listed hard-rock spodumene concentrate producer (Grota do Cirilo in Brazil). Comparable as a publicly listed spodumene miner supplying environmentally-focused lithium into Western battery supply chains.
Broad incumbents
- Albemarle Corporation: Global lithium major with hard-rock and brine operations, including the recent acquisition of Liontown. Relevant as a downstream competitor/buyer of spodumene and an incumbent supplier into European battery customers Savannah is targeting.
Others
- AMG Critical Materials: Existing strategic investor and offtake partner of Savannah. AMG operates lithium concentrate-to-chemical conversion capacity, making it both a counterparty and a comparable specialty lithium processor with EU exposure.
Emerging players
- Keliber Oy: Finnish developer of the Keliber spodumene lithium project advancing toward production in Finland. Comparable as a smaller European hard-rock lithium developer competing for the same EU Critical Raw Materials designation.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Savannah Resources social profiles
Digital presenceSavannah Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Savannah Resources leadership team
Management profileNumber of profiles
Profiles6 records
Savannah Resources funding detail
Funding detailFunding overview
Funding rounds4 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Savannah Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Savannah Resources
What does Savannah Resources do?
Savannah Resources is developing the Barroso Lithium Project in northern Portugal, Europe's largest spodumene lithium deposit. The company will mine hard rock spodumene from pegmatite deposits and produce approximately 190,000-200,000 tonnes per annum of spodumene concentrate for sale to battery manufacturers, lithium chemical processors, and EV producers. The project targets first production in 2028, with sufficient output to supply lithium for approximately 500,000 EV battery packs annually.
Is Savannah Resources a public or private company?
Savannah Resources is a public company. It is classified as public and is currently operating.
When was Savannah Resources founded?
Savannah Resources was founded in 2011. It employs 11 to 50 people.
Where is Savannah Resources based?
Savannah Resources is headquartered in London, United Kingdom, in the Europe region.
How does Savannah Resources make money?
Two revenue lines are on record. Spodumene Concentrate Sales are the primary driver. The others are potential By-product Sales.
Who are Savannah Resources's main competitors?
Direct peers on record are Pilbara Minerals, Liontown Resources, Vulcan Energy Resources, Atlantic Lithium, European Lithium, Core Lithium and Sigma Lithium. Albemarle Corporation is listed as a broad incumbent. AMG Critical Materials is listed as an others. Keliber Oy is listed as an emerging player.
Does Savannah Resources have an API?
No public API is recorded for Savannah Resources.
What industry is Savannah Resources in?
Savannah Resources's product category is Lithium Mining. Its primary akta.pro industry code is IMAKAFAA, Lithium Mining & Brine Extraction, with a secondary code of EUAFABAA, Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite).