Savannah Goldfields Limited
SVG.AX
Australian Securities Exchange0.01
AUD
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Savannah Goldfields Limited
SVG.AX
(Australian Securities Exchange)
Recent
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0.01
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div
yld
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ROIC.AI
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- Business
- Savannah Goldfields Limited is an Australian gold exploration, development, and mining company focused on precious metals, primarily gold and silver. Its core products and services include the exploration, evaluation, and mining of gold and silver properties, with principal assets comprising the Agate Creek Gold Project covering approximately 1,034 square kilometers in North Queensland and the Georgetown Gold Project, which includes 132 exploration permits and 17 mining leases in the same region. The company owns and operates the Georgetown Gold Processing Plant (GGPP), a carbon-in-pulp processing facility with an annual capacity exceeding 250,000 tons, supporting gold production operations. Additionally, Savannah Goldfields holds a 60% interest in the Ashford coking coal project in New South Wales and maintains a mining lease for the Big Reef Mine. Founded in 1986 and headquartered in Brisbane, the company operates primarily within the Australian mining sector and targets the Queensland gold mining market. In terms of recent major changes, Savannah Goldfields underwent a significant rebranding, changing its name from Laneway Resources Limited to Savannah Goldfields Limited in October 2022, reflecting a strategic focus on gold mining in the Gulf Savannah region of North Queensland. In 2025, the company has been actively progressing towards resuming gold production at the Georgetown Gold Processing Plant after suspending open pit mining at the Agate Creek site in early 2024, with plans to relocate gold mineralized run-of-mine stockpiles for processing. The company has carried out maintenance and upgrades at the Georgetown facility, including improvements to the elution circuit and carbon regeneration capacity, and plans to restart mining operations at Agate Creek starting in the second quarter of 2026. Savannah Goldfields continues to pursue exploration and development opportunities to expand its resource base and optimize production capacity in Queensland. These operational developments and strategic focus underscore its commitment to sustainable growth within the gold mining industry in Australia.