Savannah Goldfields Maps Next Phase of Georgetown Gold Output After Strong Campaign

The latest announcement is out from Laneway Resources Ltd. ( (AU:SVG) ).

Savannah Goldfields has continued gold production at its Georgetown Gold Processing Plant through February and early March, with multiple doré pours yielding a confirmed 289.8 ounces of gold and 95.3 ounces of silver in February alone. Since restarting operations in November 2025, the current production campaign has delivered 1,223.7 ounces of gold and 805.9 ounces of silver, generating $8.54 million in revenue at strong average realised prices.

The company has begun a six‑week maintenance program at the Georgetown plant, with mining and processing scheduled to resume in mid‑April using feed from the Big Reef and Big Ben deposits until Agate Creek ore comes online in the second quarter of 2026, subject to environmental approvals. Savannah is also evaluating further open‑pit mining at the Electric Light and Red Dam deposits and a potential underground operation at Electric Light, signalling plans to extend mine life and sustain production levels across its Georgetown hub.

The most recent analyst rating on (AU:SVG) stock is a Sell with a A$0.01 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 company focused on the Georgetown Gold Project in Far North Queensland. Its primary operations centre on the Georgetown Gold Processing Plant, which treats ore sourced from regional deposits including Big Reef, Big Ben and Agate Creek, positioning the company as a regional gold producer listed on the ASX.

Average Trading Volume: 6,293,042

Technical Sentiment Signal: Sell

Current Market Cap: A$32.12M

For detailed information about SVG stock, go to TipRanks’ Stock Analysis page.