Savannah Goldfields Gears Up for November Gold Pour at Georgetown

Maintenance Milestone Achieved

Savannah Goldfields Limited (ASX – SVG) has announced the successful completion of restorative maintenance works at its Georgetown Gold Processing Plant (GGPP) in Far North Queensland. The maintenance program, conducted over September and October, was completed without incident, on schedule, and within budget; a critical step ahead of resuming gold production after a period of inactivity.

The company’s contract maintenance team, alongside plant operators, recommissioned major components of the plant, including the elution and electrowinning circuits. These processes are essential for recovering gold from carbon stocks and preparing metal sludge for smelting into doré bars. Savannah plans to cycle all existing carbon stocks through the elution circuit before the first smelt, with the inaugural gold pour now targeted for the first week of November 2025.

Ore Stockpiles and Crushing Operations

Operational readiness extends beyond maintenance. Savannah has transported approximately 9,500 tonnes of run-of-mine (ROM) stockpiles from Agate Creek and crushed mill feed from Charters Towers to the GGPP. Crushing operations are ongoing, with around 3,500 tonnes of crushed mill feed currently stockpiled and ready for milling. This stockpile provides a solid feed base to support the imminent restart of milling and gold recovery activities.

Mining Plans and Environmental Approvals

Looking ahead, Savannah plans to commence open pit mining at the Big Reef Deposit in November 2025, targeting approximately 18,000 tonnes of inferred mineral resource to feed the processing plant. Meanwhile, the company is finalizing an application to amend the Agate Creek Environmental Authority to accommodate expanded mining activities. Pending approval, mining and processing of Agate Creek ore are scheduled to begin in the second quarter of 2026.

Strategic Vision – Hub and Spoke Model

Savannah’s Georgetown plant is uniquely positioned as the only processing facility within a 400-kilometre radius, surrounded by numerous stranded gold deposits and historical mining sites. The company is advancing a hub and spoke strategy, aiming to transform Georgetown into a regional processing hub that can accommodate sulphide ores and third-party toll treatment. This approach leverages the region’s under-explored sulphide mineralisation and the legacy of over 10 million ounces of historical gold production.

Discussions with local small-scale miners are ongoing, with potential to scale operations and toll treat ore at the GGPP. Savannah is also progressing design modifications to process sulphide ores, which historically have been left unmined in the region, signaling a longer-term growth pathway beyond oxide ore processing.

CEO Brad Sampson expressed optimism about the near-term milestones, thanking the maintenance contractors and highlighting the team’s readiness to resume production. The company’s operational and strategic moves position it well to capitalize on both immediate production opportunities and future regional growth.