Latest Savannah Goldfields (Asx:Svg) News

Savannah Goldfields has announced its maiden Ore Reserve at the Agate Creek Gold Project in Queensland, confirming 36,800 ounces of gold ready for production. This milestone supports the company’s plans to restart mining operations and secure financing.

Savannah Goldfields has updated its Agate Creek Mineral Resource to 422,000 ounces of gold, reflecting improved confidence and a shift to a more robust estimation method. The combined Agate Creek and Georgetown Projects now hold over half a million ounces of gold.

Savannah Goldfields reported a $4.06 million cash outflow in Q2 2025 but is advancing plans to restart gold production and secure additional funding.

Savannah Goldfields is advancing plans to resume gold production at its Georgetown processing plant and Big Reef mine, capitalizing on gold prices above A$5000 per ounce. The company also unveiled new exploration targets and key executive appointments to drive growth.

Savannah Goldfields has announced a new gold Exploration Target at its Phily’s Deposit within the Georgetown Project, adding to its growing portfolio of promising near-surface resources.

Savannah Goldfields has announced a fourth gold Exploration Target at its Jubilee Plunger Deposit within the Georgetown Project, potentially extending its resource base. The target supports the company’s strategy to feed multiple ore sources into its Georgetown Processing Plant.

Savannah Goldfields Limited is advancing its gold production restart at Georgetown with early ore transport underway, key management hires, and promising new exploration targets.

Savannah Goldfields has announced a promising new gold Exploration Target at its Big Reef Deposit within the Georgetown Project, potentially extending its resource base and supporting imminent mining plans.

Savannah Goldfields has announced a new gold Exploration Target at its Electric Light Deposit within the Georgetown Project, potentially extending known mineralisation and supporting its processing plant feed strategy.

Savannah Goldfields has announced a significant new gold Exploration Target at its Red Dam deposit within the Georgetown Project, potentially expanding its resource base and supporting future production plans.

Savannah Goldfields Limited reported a significant AUD 3.3 million cash outflow from operations in Q1 2025, leaving the company with only 2.34 quarters of funding available. The miner’s liquidity position and reliance on multiple loan facilities highlight ongoing financial pressures amid exploration activities.

Savannah Goldfields is gearing up to restart gold production by July at its Georgetown and Agate Creek projects, bolstered by a $5.7 million capital raise and the appointment of a seasoned mining CEO.