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Savannah Goldfields Limited (ASX:SVG)

ALERT: Price-sensitive ASX Announcement for SVG
Current share price for SVG : $0.006 -0.003 (-33.33%)+
Announcement
Release
20 Aug 2026 8:12AM
Price at Release
$0.009
Full Release
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Summary
Savannah Goldfields Limited has announced its 2026 exploration program for the Georgetown and Agate Creek gold projects in Australia. The program aims to expand the company's gold mineral resource base and support future feed options for the Georgetown processing plant. Key initiatives include drilling at high-priority targets in Georgetown, which has shown promising results in past drilling campaigns, and exploring potential new targets at Agate Creek. The company plans to start drilling imminently, with initial targets at the Electric Light Prospect. Successful 2025 drilling at Electric Light and Red Dam has led to Indicated Mineral Resource classification and favorable metallurgical results. The program also includes cultural heritage surveys and aims to discover new regional targets to expand the mineral resource.
Key Points
  • Savannah Goldfields outlines 2026 exploration program at Georgetown and Agate Creek.
  • Drilling to commence at high-priority targets to grow Mineral Resource base.
  • Georgetown processing plant's infrastructure to be utilized for confirmed resources.
  • Successful 2025 drilling led to Indicated Mineral Resource at Electric Light and Red Dam.
  • Metallurgical test work shows promising gold recovery results.
  • Cultural heritage surveys completed in targeted exploration areas.
  • Program aims to explore new regional gold targets.
  • Drilling to initially focus on Electric Light and other high-priority targets.
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.