Savannah Resources PLC Savannah Sponsor Student Electric Vehicle Team
25 November 2019 - 6:01PM
RNS Non-Regulatory
TIDMSAV
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 SP Angel Corporate Finance Tel: +44 20 3470
Bouverat (Nominated Adviser) LLP 0470
Christopher Raggett (Joint finnCap Ltd Tel: +44 20 7220
Broker) 0500
Grant Barker (Joint Broker) Whitman Howard Tel: +44 20 7659
1225
Isabel de Salis / Cosima St Brides Partners Ltd Tel: +44 20 7236
Akerman (Financial PR) 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 rns@lseg.com or visit www.rns.com.
END
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