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
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