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Savannah Sponsor Student Electric Vehicle Team

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RNS Number : 4321U
Savannah Resources PLC
25 November 2019
 

 

 

 

25 November 2019

 

Savannah Resources Plc ('Savannah' or the 'Company')

 

Sponsor to Innovative Student Electric Vehicle Team

 

Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV), the AIM quoted resource development company focused on becoming Europe's most significant producer of spodumene lithium from its Mina do Barroso Project in Portugal, is pleased to announce that it has become a sponsor to FST Lisboa, a team of engineering students from the University of Lisbon focused on the design and build of innovative, lithium-ion battery powered formula race cars. 

 

To view this announcement with illustrative diagrams please follow this link - 

 

http://www.rns-pdf.londonstockexchange.com/rns/4321U_1-2019-11-22.pdf

 

This season, FST Lisboa (www.fstlisboa.com) includes a team of 43 engineering students, working towards developing their next generation EV prototypes: the 100% electric FST10e, and the driverless FST 10d.  These EVs will compete internationally and represent Portugal at Formula Student competitions including the FS Series, considered by many as the most innovative car competition after Formula One.

 

Savannah's CEO, David Archer said: "We are delighted to have the opportunity to support an enthusiastic team of Portuguese students who are making remarkable achievements in applying a range of technologies to the development of innovative electric vehicles ('EVs'). Skills such as those being developed under the programme are already in high demand as the European car industry invests billions of Euros in EV development programmes. Europe aims to lead this key sector in innovation; this provides an opportunity for Portugal to build on its platform of major lithium resources such as Mina do Barroso, as well as the creativity and enthusiasm of its young people to deliver great outcomes for both Portugal and Europe. We wish FST Lisboa great success on race day."

 

Figure 1. Photograph from Formula Student Germany Competition displaying Savannah logo (amongst others)- see PDF

 

**ENDS**

 

 

For further information please visit www.savannahresources.com or contact:

 

David Archer

Savannah Resources plc

Tel: +44 20 7117 2489

David Hignell / Charlie

Bouverat (Nominated Adviser)

SP Angel Corporate Finance LLP

Tel: +44 20 3470 0470

Christopher Raggett (Joint Broker)

finnCap Ltd

Tel: +44 20 7220 0500

Grant Barker (Joint Broker)

Whitman Howard

Tel: +44 20 7659 1225

Isabel de Salis / Cosima

Akerman (Financial PR)

St Brides Partners Ltd

Tel: +44 20 7236 1177

 

About Savannah

Savannah is a diversified resources group (AIM: SAV) with a portfolio of energy metals projects - lithium in Portugal and copper in Oman - together with the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major Rio Tinto.  The Board is committed to serving the interests of its shareholders and to delivering outcomes that will improve the lives of the communities we work with and our staff.

 

The Company is listed and regulated on AIM and the Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB) under the symbol FWB: SAV, and the Börse Stuttgart (SWB) under the ticker "SAV".

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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