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