InvestSMART

Savannah Goldfields Limited (ASX:SVG)

ALERT: Price-sensitive ASX Announcement for SVG
Current share price for SVG : $0.012 0.001 (9.09%)+
Announcement
Release
8 Jul 2026 9:27AM
Price at Release
$0.011
Full Release
download
Summary
Savannah Goldfields Limited has received an updated Environmental Authority for its Agate Creek Project, paving the way for full-scale mining operations on Mining Lease ML100030. The approval marks the culmination of five years of environmental and engineering studies, ensuring safe and non-polluting mining activities near sensitive areas. The Environmental Authority effectively closes out an existing Environmental Enforcement Order and facilitates the resumption of mining activities. The project holds Ore Reserves of 460,000 tonnes with an average gold grade of 2.5 g/t, planned to be processed at the Georgetown Gold Processing Plant over the next two years. The project also has Mineral Resources of 15.49 million tonnes with potential for long-term gold production.
Key Points
  • Updated Environmental Authority received for Agate Creek Project.
  • Approval facilitates full-scale mining operations on ML100030.
  • Five years of studies to ensure safe, non-polluting mining activities.
  • Closes out existing Environmental Enforcement Order.
  • 460,000 tonnes of Ore Reserves at 2.5 g/t gold to be processed.
  • 15.49 million tonnes of Mineral Resources for long-term production.
  • Mining to recommence following site works completion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.