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The latest update is out from Laneway Resources Ltd. ( (AU:SVG) ).
Savannah Goldfields Limited, operating in the gold mining industry, has announced a new gold Exploration Target at the Electric Light Deposit within its Georgetown Project. The target is estimated to contain between 100,000 and 200,000 tonnes of gold with grades ranging from 2.0 g/t to 5.0 g/t. This development is part of Savannah’s strategy to identify multiple sources of feed for its Georgetown Processing Plant, supporting its ‘Hub and Spoke’ strategy. The new target, along with others like Red Dam, aims to extend the processing life of the plant and contribute to the company’s long-term gold production operations.
More about Laneway Resources Ltd.
Average Trading Volume: 764,807
Technical Sentiment Signal: Hold
Current Market Cap: A$20M
See more insights into SVG stock on TipRanks’ Stock Analysis page.