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An update from Laneway Resources Ltd. ( (AU:SVG) ) is now available.
Savannah Goldfields has reported high-grade gold assay results from five reverse circulation drill holes completed in November 2025 at the Red Dam Prospect, the northernmost target within its Georgetown Gold Project, with all holes intersecting significant mineralisation and best intercepts including 3m at 14.86 g/t gold and 2m at 17.21 g/t gold. The drilling successfully confirmed down-dip continuity of the Red Dam shear-hosted lode to beyond 100 metres depth and extended mineralisation well below the existing small open pit, supporting the current Inferred Mineral Resource of 201,000 tonnes at 5.7 g/t gold and prompting the company to plan a resource update and further exploration, which could enhance the project’s production potential and long-term value for stakeholders.
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 is an Australian gold mining and exploration company listed on the ASX, focused on developing and expanding gold resources within its Georgetown Gold Project in Queensland. Its operations include the Georgetown Gold Processing Plant and a portfolio of mining leases and exploration permits targeting shear-hosted gold mineralisation typical of the Georgetown district.
Average Trading Volume: 7,037,030
Technical Sentiment Signal: Sell
Current Market Cap: A$42.83M
Learn more about SVG stock on TipRanks’ Stock Analysis page.