Building a Diversified Mining

Group

Investor Presentation May 2015

AIM: SAV

COPPER – OMAN / HEAVY MINERAL SANDS – MOZAMBIQUE / INVESTMENT PORTFOLIO

Disclaimer

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2

Savannah at a glance… •  Prospective multi-commodity portfolio:

o  Blocks 4, 5 and 6, Oman – 1,270 km² high calibre portfolio of advanced exploration and development copper projects with additional gold prospectivity

o  Jangamo Project, Mozambique – 180km2 project with 65Mt Indicated Mineral Resource located in a world class heavy mineral sands province

•  Oman strategy to explore, develop and acquire further copper assets in Oman and build resource inventory targeting copper production in late 2017

•  Mozambique objective to build on current heavy minerals sands Inferred Mineral Resource of 65Mt at 4.2% THM with further resource drilling in 2015

•  Skilled board and management team – proven track record in acquiring,

developing and operating resource assets

•  Directors hold 9.9% of the Company – fully aligned with shareholders

AIM quoted, growth oriented, multi-commodity, exploration and development company. Focussed on the development of copper blocks in Oman and heavy mineral sands project in Mozambique.

KEY DATA

MARKET AIM

TICKER SAV

SHARE PRICE* 2.1p

MARKET CAP* £4.75M

SHARES ON ISSUE* 227,501,573

CASH** £1.8M

INVESTMENT IN ALECTO* £0.20M

DIRECTORS SHAREHOLDINGS David Archer - 9.9%

*as at 05.05.15 **Pro-forma as at 31.12.14

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Board and management team B

OA

RD

Matthew King Chairman

A graduate in law from Durham University, Matthew is currently a Senior Advisor to The Operational Risk Practice Pte Ltd, a Singapore-based risk management consultancy and a member of the Expert Panel of Cambridge Governance Labs, an inter-disciplinary initiative at the University of Cambridge with a mission to provide practical tools to aid decision-making with a particular focus on Africa. Having qualified as a solicitor with Slaughter and May, he held a number of risk management positions with HSBC in Asia, Australia, the Americas and Europe. He has a wealth of experience in both developed and developing countries and has previously served on a number of Boards and Audit Committees.

David Archer Chief Executive Officer

David is a non-practising Barrister of the Supreme Court of New South Wales, holds a B.Ec and is a Fellow of the Australasian Institute of Mining and Metallurgy. He has had wide experience in the mining industry for over 30 years, with specific expertise in the development and operation of copper/gold projects. David has held executive and non-executive roles in a number of listed companies and has been actively involved in the international resources industry for over 30 years. He is the former Managing Director and Deputy Chairman of Savage Resources Limited, the Managing Director of Hillgrove Resources Limited, Executive Chairman of PowerTel Limited and Chairman of Hostworks Group Limited. He was a director of Eastern Star Gas Limited from 2006 to 2009.

Charlie Cannon-Brookes Non Executive Director

Charlie is the Investment Director of Arlington Group Asset Management Limited and the Investment Manager of Praetorian Resources Limited, an AIM listed closed ended investment company focused on the natural resources sector. Previously he acted as investment manager to Arlington Special Situations Fund; a Cayman domiciled OEIC (2005-2010). For the previous five years (2000 – 2005), he ran Arlington Group Plc.’s proprietary trading book, managing all of its public equity exposure. He has extensive fund management experience and has advised and sat on the board of a number of other funds and trusts in a non-executive capacity.

Dale Ferguson Technical Director

Dale graduated in 1993 with a BSc with 1st Class Honours, Double Major in Geology, from Latrobe University, Melbourne and is a Member of the Australasian Institute of Mining and Metallurgy. He has over 20 years’ experience in the resources industry with Hillgrove Resources Limited, Thundelarra Exploration, Savage Resources Limited and Gasgoyne Gold Mines. His experience spans greenfields and near mine exploration, resource delineation, feasibility studies, due diligence investigations and mine development and operations.

MA

NA

GE

ME

NT

Paul O’Donoghue Country Manager Mozambique

Paul holds a MA in Development Studies from the University of East Anglia. He jointly founded Matilda Minerals. Prior to this he served as a Diplomatic Attaché with the Embassy of Ireland in Maputo and with a number of NGOs. Paul lives in Maputo and is a fluent speaker of Portuguese. Paul has managed Savannah’s operations in Mozambique since October 2013.

Dr Durair A’Shaik General Manager Business Development Oman

Dr Durair is an internationally recognised expert in the genesis of base metal deposits and VMS style mineralisation, has published extensively and adds to the geological capability of Savannah’s team. Dr Durair is an Omani national, is based in Muscat. Formerly a senior executive of the Oman mines department.

Michael McGarty Chief Financial Officer

A graduate in Finance from Manchester University’s Business School, and a qualified accountant (Chartered Institute of Management Accountants, UK). He gained 16 years of experience working with Ingersoll Rand (NYSE:IR), a leading global diversified manufacturer of industrial and engineered products. During which time he has worked in roles of increasing responsibility, covering all areas of accounts payable / receivable, and financial / management accounting. He led the European implementation of the Sarbanes Oxley compliance initiative, and has served for seven years as financial controller for businesses covering Europe, Middle East and Africa, including the provision of business partner support and strategic planning. Michael has four years’ experience in the financial management of African exploration operations.

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Copper Fundamentals Strong copper fundamentals provides significant opportunity:

•  Increasing levels of average global per capita copper consumption from population growth and GDP growth

•  Investment hiatus in resources means reduction in new supply from 2016 onwards

o  Declining head grades of existing mines o  Exhaustion of reserves in old mines o  Increasing costs in existing mines o  Rising capital intensity of new mines o  Supply disruptions from technical complexity, project delays, strike action

•  Result refined copper production deficits forecast from 2017 onwards with Cu price increasing to

$7,054p/t in 2018 or $3.20 per lb

5

Most copper is mined or extracted as copper sulphides from large open pit mines. The major applications of copper are in electrical wires, roofing and plumbing and industrial machinery

Cu#

Oman – a Strategic Opportunity

Oman setting is a compelling investment, offering low CAPEX and OPEX mine development options

•  Strategic positioning - rare chance to secure a commanding position in the Omani VMS Belt and the Oman mining industry

o  Aim to be the partner of choice in Oman and the favoured operator o  Build a strategic foothold to consolidate isolated VMS deposits

around a central copper processing plant o  Potential to quickly add to SAV’s existing Mineral Resource inventory

•  Outstanding geology – significant potential for base and precious metals discoveries

o  Clusters of 1Mt -15Mt, generally open-cut deposits typical of VMS Belts

o  Metallurgically simple ores that produce well accepted copper concentrates with low impurities

o  Medium to high grade deposits - Mawarid Mining’s Hatta and Shinas mines made US$120m of free cash-flow in first year of operation

•  Pro-mining Government and attractive fiscal terms – five year tax holiday, 12% corporation tax, 5% royalty

•  Excellent Infrastructure – Blocks are located close to smelter, port, roads, power and water

•  Low personnel and fuel costs

6

Lasail Mine

Sohar Port

Oman Portfolio - Blocks 4, 5 and 6

Targeting a resource inventory to support high margin, low cost, copper/gold operations to establish Savannah as a mid-sized producer in late 2017

Three highly prospective blocks covering 1,270 km² of advanced development and early stage exploration containing medium to high grade Cyprus-type VMS resources in the prime part of the copper-rich Semail Ophiolite belt

Multiple high value copper prospects with additional gold mineralisation: • 4 major historic mines with excellent potential for down dip, along stirike extensions • Multiple Copper Prospects e.g. Zuha: 19.3m at 2.79% Cu from 2.5m • Multiple Gold Prospects e.g. Gaddamah: 15.9m @1.91 g/t Au and 1.2% Cu

Near surface Indicated and Inferred Mineral Resource of 1.7Mt @ 2.2% Cu with 37,000 contained tonnes copper

High priority resource targets identified including Mahab 4: 56.4m at 6.2% Cu and Maqail South: 6.68m at 7.42% Cu

Early stage exploration with 4 high priority targets for follow-up

BLOCK 4 408km²

BLOCK 5 598km²

BLOCK 6 273km²

The Setting: Prolific Copper Belt 8

Maqail#South#0.16Mt#at#3.8%#Cu#

Mahab#4##1.51Mt#at#2.1%#Cu#

Objective: Build the Copper Resource Inventory

•  Targeting a commercial copper resource inventory

•  Sources:

1.  Expansion of Mahab 4 – Block 5

2.  Additional incremental value o  Maquail South – Block 5 o  Gayth – Block 4

3.  Near mine targets – Block 4

4.  Identified Prospects – Block 4 and 5

5.  Potential VTEM targets - Block 4

6.  Acquisitions

9

Block 5 – Mahab 4 Deposit Established Mineral Resource with further upside

Current Indicated and Inferred Mineral Resource of 1.51Mt at 2.1% copper at the Mahab 4 prospect in Block 5 – 31,600t of contained Cu

•  Deposit remains open along strike to north and both up and down dip

•  Drill programme being defined to expand Mineral Resource

Multiple prospective targets identified across Blocks 4 and 5 to build upon current resource and target commercial copper production

10

Mahab%4%Resource%1.51Mt%@%2.1%%Cu%%%

Mahab%4%Resource%1.51Mt%@%2.1%%Cu%%%

Block 5 Mahab cluster target location 11

Mahab%4%%54.1m%@%4.9%%Cu%

IND/INF%Resource%1.51Mt%@%2.1%%Cu%%%

Additional Incremental Inventory

•  Maqail South o  160,000t @ 3.8% Cu for 6,080t of

contained copper •  Gayth

o  15.27m @ 6.2% Cu o  4.29m @ 7.2% Cu o  1.15m @ 3.6% Cu o  1.07m @ 4.9% Cu

12

Drilling at Gayth Maqail South

Block 4 Copper potential – Near Mine Targets

Block 4 contains four historic copper mines which produced over 212,000t contained Cu:

•  Commercially mined at the then low copper price

•  Strategic opportunity - no near mine exploration since the early 1990s

•  Region produces clean Cu concentrates

•  Existing nearby infrastructure including copper smelter and export port of Sohar for an integrated copper economy

Deposit#name# Date#Mined# Tonnes#Mt# Grade#%#Cu# Metal#Cu#Tonnes#

Aarja# 1990>1994% 2.60% 1.4% 36,920%Bayda# 1983>1989% 0.80% 3.0% 24,000%Lasail# 1983>1992% 9.18% 1.6% 146,880%

Lasail#West# 1988>1992% 0.43% 1.0% 4,386%Total# %% 13.01% 1.6% 212,186%

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Block 4 High Priority Near Mine Copper Targets 14

Aarja Mine

Bayda Mine

Lasail Mine Lasail%West%Mine

Block 4 Local Infrastructure 15

Block 4 & 5 Copper Exploration Prospects

5 diamond hole programme to test a series of high calibre ground Electromagnetic (EM) anomalies completed at the Sarami West (Block 5) and Ghayth (Block 4) prospects May 2015:

•  Drilling at the Ghayth, Block 4, confirmed the presence of VMS mineralisation intersecting both massive and disseminated copper sulphides

•  Best results including 1.15m at 3.6% copper from 35.5m in 15B4DD001

•  Further drilling planned to define full extent of mineralisation and potential JORC resource

•  Drilling at the Sarami West at Block 5 intersected a strong alteration system similar to those seen around the margins of VMS deposits

•  Planning underway for a downhole EM survey to optimise targeting of further drilling

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Drilling at Sarami Prospect, Block 5

Targets – Block 4 17

Targets – Block 5 18

Block 4 – VTEM Survey Completed

•  A 3,667 line km VTEM and airborne magnetic survey was completed over the majority of Block 4 in April 2015 – awaiting analysis of results

•  Block 4 includes over 35km in strike of prospective ophiolite with multiple prospective copper-gold contacts identified

•  Significant opportunity - Block 4 is a prime target for the application of VTEM – first time VTEM has been applied to the Block

•  All new copper discoveries in Oman over the past 10 years have largely come out of the application of VTEM

•  Proven regional success with VTEM survey – in 2009 in neighbouring Blocks 1 and 2, VTEM survey discovered over 11Mt of new copper mineralisation, identifying massive sulphide orebodies with no surface outcrop

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VTEM Survey – Block 4 20

!

Additional Gold Potential 21

•  Gold traditionally has not been associated with Cyprus style VMS mineralisation

•  Growing amounts of evidence suggest that gold deposition is possible when associated with late stage oceanic volcanism, turning into arc derived volcanism with their associated intrusive systems

•  Past explorers have noted anomalous gold but have not focused on it as an exploration target

•  Rakah Mine, west of Block 4 produced 700,000 tons of ore with an average grade of gold at 6.73 g/t and silver at 6.9 g/t during the period between 1994 to 2001

•  Aim to aggregate high grade deposits for early gold production

Savannah has identified areas of high grade gold mineralisation with associated copper and zinc at Block 4 to complement its copper activity

Rakah Gold Plant

Block 4 Copper & Gold exploration 22

Block 4 includes over 35km in strike of prospective ophiolite with multiple prospective copper-gold contacts identified •  Rock chipping, trenching and geological mapping programme ongoing

•  High levels of gold mineralisation associated with zinc and copper identified – elevated concentration of results around the Gaddamah West Prospect

•  Individual 1m trench samples produced results up to 60.7g/t gold, 9.1% zinc and 1% copper*

•  Significant trench sampling results include: o  5m at 18.49g/t gold, 1.7% zinc and 0.53% copper in GDT08 o  4.9m at 18.82g/t gold, 0.96% zinc and 0.76% copper in GDT02 o  7.7m at 11.35g/t gold, 1.45% zinc and 0.40% copper in GDT01

•  Prospectivity of Gaddamah West prospect underscored by historical drill intercept of 15.9m @1.91 g/t gold and 1.2% copper from BEC23 which is located at the southern end of the gold zone

•  Additional trench sampling will now be completed to define the extent of the mineralisation as a precursor to drilling to establish the strike and depth extents of the mineralisation

Significant upside potential – Blocks located in the Semail Ophiolite belt, which is proven to host clusters of high grade copper deposits with gold credits and metallurgically simple ores

23

5km%

Block#4#

Gold%Prospect%

Block 4 - Multiple Gold Prospects

Heavy mineral sands in Mozambique Jangamo Project

•  A maiden JORC compliant Inferred Mineral Resource of 65Mt at 4.2% THM defined December 2014 over a number of zones within the eastern part of the Jangamo exploration licence

•  Resource remains open along strike and deposit is part of the large Mutamba heavy mineral sands system – significant further upside potential

•  Higher grade areas of THM mineralisation identified at or near surface

•  Major Heavy Mineral Sands strandline system also defined in the western part of the Jangamo tenement – has excellent additional resource potential with intersections of up to 45m at 3.51% THM from 12m

•  2015 field programme in Mozambique is currently being finalised and will focus on expansion of the current resource base

•  Additional commercial and strategic options for Jangamo following on from the definition of the maiden MRE

SAV#holds#an#80%#

interest#in#Jangamo#

Jangamo is part of a large system – Savannah is focussed on defining a higher grade project that has superior economic characteristics for the development of a profitable mining operation with modest capital costs

Jangamo Resource

Resource Table (2.5% Cutoff)

Zones Category Sand (Mt) % THM

% Ilmenite in HM

% Ilmenite in sand

% Rutile

in sand

% Zircon in sand

HM (Mt) Ilmenite (Mt)

Rutile (Mt)

Zircon (Mt)

Jangamo Inferred 65 4.2 60 2.5 0.083 0.15 2.7 1.6 0.054 0.10

•  Initial resource drilling focussed on two areas within the eastern arm

•  Targeted potential extensions of the Mutamba mineralisation into the Jangamo tenement, with a primary focus of defining mineralisation at the upper end of the grade range for the Mutamba deposit of over 4% THM

•  The exploration target of the adjacent Mutamba deposit published in 2008 was 7-12Bn tonnes at 3-4.5% THM

•  Jangamo maiden Inferred Mineral Resource Estimate of 65Mt at 4.2% THM covers a minor area of the much wider resource creating a significant opportunity to expand upon this further

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Mozambique – a prospective location

Host to multiple, world class heavy mineral deposits - 4th largest producer of titanium dioxide and 5th largest

producer of zircon

Established infrastructure – excellent ports, motivated & available workforce, and relatively inexpensive energy

(hydroelectricity, natural gas and thermal coal)

Pro-mining government – committed to creating the conditions to new mine developments

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Investment case

AcPve%growth%strategy%in%place%to%build%a%mulP>commodity,%geographically%diverse%exploraPon%and%development%company%

Completed%significant%value%accrePve%milestones%on%Pme%and%on%budget%–%further%strong%news%flow%scheduled%over%coming%year%

Focussed%on%developing%a%mid>Per%copper/gold%producPon%

company%in%Oman%

Maiden%resource%established%at%Jangamo%Heavy%Mineral%Sands%Project%with%considerable%further%upside%potenPal%

27

Contact

CEO David Archer Savannah Resources Plc 18 Pall Mall London, SW1Y 5LU United Kingdom T: +44 20 7389 5019 E: info@savannahresources.com

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Appendix 29

Oman – Block ownership

Block 4

• Acquired November 2014

• Earn-in agreement to acquire up to a 65% interest Al Thuraya LLC which wholly owns Block 4

• Cost - US$4.6M to be spent over 4 years

Block 5

• Acquired April 2014

• 65% interest in Al Fairuz Mining LLC which fully owns Block 5

• Omani Partner - Al Fairuz brothers

• Cost US$800,000 plus three milestone cash/share payments of US$1.0m each on: •  final investment decision •  first sales of concentrate •  six months into production

Block 6

• Acquired April 2014

• Beneficial interest of 40% in Al Zuhra Mining LLC which wholly owns Block 6 and right to earn-in up to 70% by funding exploration up until the completion of BFS

• Omani Partner – Sheikh Ahmed Fahrid (owner of 21 Companies in Oman)

• Capital Return Agreements – Savannah to re-coup 100% of exploration, feasibility & development costs on commencement of mining before dividend distribution on equity share holdings

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Oman – Block 5 resource

Sulphide Resources at Mahab 4 and Maqail South (0.3% Cu cut-off) in Block 5

Oxide Resources at Mahab 4 (0.3g/t Au cut-off) in Block 5

Tonnage (kt)

Density (t/m3)

Cu (%)

Au (g/t)

Ag (g/t)

Pb (%)

Zn (%)

Mahab 4 Indicated 9 2.4 0.2 1.4 19.7 0.01 0.04

Mahab 4 Inferred 19 2.4 0.1 0.8 7.7 0.03 0.04

## ## Tonnage##(kt)##

Density##(t/m3)##

Cu##(%)##

Au##(g/t)##

Ag##(g/t)##

Pb##(%)##

Zn##(%)##

Mahab#4## Indicated%% 916%% 3.5%% 2.8%% 0.2%% 8.5%% 0.080%% 0.54%%

Mahab#4## Inferred%% 590%% 3.3%% 0.9%% 0.1%% 2.5%% 0.012%% 0.14%%

Maqail#South## Inferred%% 160%% 3.6%% 3.8%% 0.1%% 2.4%% 0.002%% 0.02%%

Total#Indicated##%%

916%% 3.5%% 2.8%% 0.2%% 8.5%% 0.080%% 0.54%%

Total#Inferred## 750%% 3.3%% 1.5%% 0.1%% 2.5%% 0.010%% 0.12%%

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