Savannah Goldfields (ASX:SVG) has reported an updated mineral resource estimate for its Electric Light deposit containing 46,000 ounces gold.
As previously reported by Mining.com.au, drilling completed in December 2025 returned ‘high‑grade’ results, including 30 metres @ 2.7 grams per tonne gold (containing 3 metres @ 19.04g/t), which have now been incorporated into the updated resource estimate.
The updated Electric Light mineral resource totals 364,000 tonnes @ 3.90 g/t gold, containing 46,000 ounces gold and 64,000 tonnes @ 5.40g/t indicated gold and 299,000 tonnes @ 3.60g/t gold inferred.
Electric Light forms part of the company’s Georgetown Gold Project, around 20km north of Georgetown in far North Queensland and 30km by road north of Savannah’s Georgetown Gold Processing Plant.
Savannah Goldfields CEO Brad Sampson says that the increased confidence in the resource is ‘beneficial’ for assessing open pit and underground mining potential.
“Electric Light has the potential to provide additional feed to the Georgetown Gold Processing Plant and significantly extend the processing life of the operation,” Sampson adds.
The deposit was historically mined around 1900. Modern open pit mining for oxide mill feed commenced in December 2010 and was completed in April 2011, with Deutsche Rohstoff Australia extracting approximately 23,000 tonnes of oxide ore @ 8.70g/t gold (about 6,300 ounces gold).
Higher grade zones of +5g/t gold are evident from the resource long section, and the exploration target set last 14 May 2025 remains unchanged.
Drilling to infill and expand the resource is planned for 2026.
Write to JC Villarba at Mining.com.au
Images: Savannah Goldfields
