Over 8,000 Tonnes Hauled as Savannah Prepares Georgetown Plant for Gold Output
Savannah Goldfields is advancing steadily towards resuming gold production at its Georgetown project, with plant maintenance on track and significant ore haulage underway.
- Georgetown Gold Processing Plant maintenance progressing on schedule
- Over 8,000 tonnes of gold-bearing material hauled to processing site
- Crushing operations commenced to prepare feedstock
- Plans to mine 18,200 tonnes from Big Reef Deposit underway
- Gold production expected to resume before end of October
Steady Progress at Georgetown
Savannah Goldfields Limited (ASX, SVG) has provided a comprehensive update on its efforts to restart gold production at the Georgetown Gold Project in Far North Queensland. After a period of care and maintenance since January 2024, the Georgetown Gold Processing Plant (GGPP) is undergoing a series of planned maintenance activities that remain on schedule and within budget. The company aims to recommence gold production before the end of October 2025.
Maintenance and Mechanical Readiness
The maintenance program has included critical electrical and mechanical repairs and upgrades. Key tasks completed this month include replacing conveyor belt skirting, refreshing the knelson concentrator screen, and servicing mill components such as pump belts and agitator gearbox oils. These efforts have ensured that the plant's infrastructure is ready for re-commissioning, with conveyors and pumps tested and aligned for operational efficiency.
Ore Haulage and Crushing Operations
Simultaneously, Savannah has been actively transporting gold-bearing material to the processing site. Approximately 950 tonnes of crushed ore from Charters Towers are nearing delivery completion, while over 3,000 tonnes from the Agate Creek Mine have already been hauled to the Georgetown Run of Mine (ROM) pad, with a total of 7,100 tonnes expected. The crushing contractor has mobilized on site and commenced reducing ROM material to the required size for milling, building stockpiles to feed the plant once operational.
Looking Ahead, Mining and Production Targets
Beyond processing existing stockpiles, Savannah plans to mine and process approximately 18,200 tonnes from the Big Reef Deposit during this campaign. The company has selected mining and drill and blast contractors, with mobilization timelines being finalized. CEO Brad Sampson expressed confidence in the team’s rapid progress and reaffirmed the company’s goal to pour gold within the current month.
Implications for Investors
This update signals a critical operational milestone for Savannah Goldfields as it transitions from maintenance to active production. While the company has not disclosed specific production volumes or financial guidance, the on-time and incident-free progress suggests a disciplined approach to restarting operations. Investors will be watching closely for the first gold pour and subsequent production reports to gauge the project's commercial momentum.
Bottom Line?
Savannah Goldfields is poised to turn maintenance into production, with October’s gold pour looming as a key market catalyst.
Questions in the middle?
- Will Savannah meet its end-of-October target for gold production restart?
- What initial production volumes and grades can investors expect from the first feedstock?
- How will the company manage operational risks during the transition from maintenance to full production?
