Latest Savannah Goldfields (ASX:SVG) News

Savannah Goldfields has boosted the Red Dam gold Mineral Resource by 59% in ounces and introduced an Indicated category for the first time, underpinning plans for expanded mining and processing at Georgetown.

Small caps drove the week, with battery, resources and education names posting the biggest gains. Deal news, funding rounds and fresh drilling plans kept traders busy, while a few discounted raisings hit hard.

Small-cap materials stocks swung hard as buyers chased project funding, processing breakthroughs and new drill results. The biggest moves came from energy infrastructure, greenfields deals and uranium, while gold and copper stories kept the sector busy.

Savannah Goldfields reports metallurgical test results showing over 70% gold recovery from sulphide ores at Electric Light and Red Dam, processed through the existing Georgetown plant. Historic data suggests flotation could boost recoveries above 94%, with further test work planned.

Savannah Goldfields is edging closer to resuming mining at its Agate Creek project, awaiting a key environmental approval expected by mid-July. Early site works are underway, while gold production continues from alternative sources at the Georgetown plant.

Savannah Goldfields updates the Electric Light Mineral Resource at Georgetown, reporting 46,000 oz gold at 3.9 g/t including an Indicated category for the first time, underpinning future mining plans.

Savannah Goldfields has secured $3.5 million through a $1.5 million equity placement at a 31.5% premium and a $2 million tiered royalty sale to fund the Agate Creek mine restart and ongoing operations.

Savannah Goldfields has resumed gold processing at its Georgetown plant following maintenance, with ongoing production and plans to restart mining at Agate Creek pending environmental approval.

Savannah Goldfields reports steady gold pours at its Georgetown plant through early 2026, with a planned maintenance pause and a clear roadmap to resume mining and processing activities in the coming months.

Savannah Goldfields Limited reported a quarterly cash flow deficit but anticipates positive cash flow from resumed gold production and has extended its key loan facility to ease near-term pressures.

Savannah Goldfields has resumed gold production at its Georgetown plant with strong sales and exploration results, backed by a $15 million capital raise to fuel growth and new project development.

Savannah Goldfields has reported promising high-grade gold intercepts from recent drilling at its Electric Light prospect, part of the Georgetown Gold Project in Queensland. The company plans to update its mineral resource estimate and explore mining options.