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Savannah Goldfields Raises $9.9M to Restart Gold Production in 2025

10:44am on Monday 3rd of February, 2025 AEDT Mining
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Savannah Goldfields Raises $9.9M to Restart Gold Production in 2025

10:44am on Monday 3rd of February, 2025 AEDT
Key Points
  • Equity raising of approximately $9.91 million via placement and entitlement offer
  • Funds allocated for mining restart, working capital, exploration, and environmental approvals
  • Targeted recommencement of gold production in first half of 2025 at Agate Creek
  • Current JORC resource base of 590,000 ounces with significant exploration upside
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