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Laneway Resources Ltd. ( (AU:SVG) ) has provided an announcement.
Savannah Goldfields Limited has announced an updated Mineral Resource estimate for the Jubilee Plunger Deposit, part of its Georgetown Project in Queensland. The update reveals a 220% increase in total contained gold since the last report in February 2022, with the resource now classified as 296,000 tonnes at 2.1 g/t Au and 17 g/t Ag. This development is expected to enhance the company’s gold production capabilities and add value for shareholders as they resume operations at the Georgetown Gold Processing Plant.
More about Laneway Resources Ltd.
Savannah Goldfields Limited is a company operating in the mining industry, focusing on gold extraction and processing. The company is involved in projects like the Georgetown Project and Agate Creek, with a market focus on increasing gold production and resource expansion.
Average Trading Volume: 7,397,435
Technical Sentiment Signal: Hold
Current Market Cap: A$39.65M
For an in-depth examination of SVG stock, go to TipRanks’ Overview page.