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How Will Savannah Goldfields’ $15M Placement Fuel Its Gold Revival?

1:03am on Saturday 30th of August, 2025 AEST Mining
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How Will Savannah Goldfields’ $15M Placement Fuel Its Gold Revival?

1:03am on Saturday 30th of August, 2025 AEST
Key Points
  • Placement of 1 billion shares at 1.5 cents raising $15 million
  • Funds to repay senior secured debt and restart Georgetown gold production
  • 80-hole drill program targeting Big Reef, Red Dam, and Electric Light deposits
  • Directors and major shareholders participating in the placement
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