Savannah Goldfields (ASX:SVG) plans to resume milling operations and gold recovery in the carbon-in-pulp (CIP) plant before the end of the first week in November 2025 at the Georgetown Gold Project Queensland.
All crushed mill feed from Charters Towers has now been relocated to Georgetown and is stockpiled ready to feed the processing plant mills.
To date, 9,500 tonnes of mill feed material has been transported to the processing plant. Crushing operations are underway and crushed mill feed stockpiles now total 3,500 tonnes with crushing operations ongoing.
Savannah Goldfields, which has a market capitalisation of $47.11 million, is finalising an application to amend the Agate Creek Environmental Authority to cover the expanded mining activity now planned for Agate Creek. The application is expected to be submitted shortly.
At the Big Reef deposit, open pit mining operations are expected to begin during November. Savannah Goldfields intends to mine 18,000 tonnes of the Big Reef inferred resource to process at Georgetown this year.
Mining and processing of ore at Agate Creek is planned to begin in Q2 2026.
The company is continuing discussions with multiple parties in the Georgetown area who are currently undertaking small-scale mining producing gold, with potential to scale up their operations and have interest in potentially toll treating their material at Georgetown.
Georgetown serves as Savannah’s regional processing hub, located 480km southwest of Cairns. The project encompasses a processing plant, a fully operational CIP facility, and a series of exploration targets.
Write to Aaliyah Rogan at Mining.com.au
Images: Savannah Goldfields
