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Laneway Resources Ltd. ( (AU:SVG) ) has issued an update.
Savannah Goldfields Limited has reported ongoing gold production at its Georgetown Gold Processing Plant, with recent doré pours totaling 12.45 kg. The company plans to continue weekly doré pours and has identified additional gold-bearing materials from historical mining sites, which could extend the current processing campaign. An agreement with a third-party miner will allow for toll treatment of additional material, supporting continuous operations. Savannah is also preparing to resume mining at Agate Creek in 2026, pending environmental approvals, which could further enhance its production capabilities.
The most recent analyst rating on (AU:SVG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Laneway Resources Ltd. stock, see the AU:SVG Stock Forecast page.
More about Laneway Resources Ltd.
Savannah Goldfields Limited operates in the mining industry, focusing on gold production. The company is involved in the Georgetown Gold Project, which includes the Georgetown Gold Processing Plant in Far North Queensland. Savannah Goldfields is engaged in gold extraction and processing, with a market focus on enhancing production efficiency and expanding its mining operations.
Average Trading Volume: 9,525,941
Technical Sentiment Signal: Sell
Current Market Cap: A$36.41M
Find detailed analytics on SVG stock on TipRanks’ Stock Analysis page.