Driving Gold Production and Growth in Queensland

Savannah Goldfields is advancing its transition from explorer to producer with a strategic focus on two flagship gold projects in North Queensland. Leveraging established infrastructure and a hub-and-spoke operational model, Savannah is committed to both near-term production and long-term growth.

Our projects span proven production hubs and high-potential exploration targets — each contributing to Savannah’s vision of sustainable gold production and strategic expansion.

Our Key Projects

Georgetown Gold Project – Savannah’s regional processing hub, including the Georgetown Gold Processing Plant and multiple high-potential exploration targets (Red Dam, Electric Light, Big Reef, Jubilee Plunger, Phily’s).

Agate Creek Gold Project – A high-grade, fully permitted gold project with recent ore production, expansion potential, and integration into the Georgetown mill.

Savannah’s strategy is to maximize production from existing assets, explore high-potential targets, and deliver sustainable growth for investors and local communities.

Agate Creek Gold Project

Resource expansion underway for potential large scale mining and processing

High-grade ore mining underway — Ore is permitted and being processed through the Georgetown Processing Plant

Further high-grade mining — Mining operations continue to perform well with daily mining rates at or above targeted levels, and grades similar to modelled grades for the current design

Resource expansion — Current Resource of 471 koz (1) with an ongoing drill campaign delivering high-grade gold hits

Modern exploration opportunity — A comprehensive expert multi-element study of the Project defined significant potential upside within the current mining area at depth and along strike with additional targets identified regionally

Georgetown Gold Processing Plant

Gold mine and regional processing hub

  • Strategic fit — Ownership of process infrastructure and control over own gold production while enhancing exploration optionality

  • Improves Agate Creek economics – Georgetown processing cuts haulage distance down to ~100km

  • Exploration potential – Large package of additional exploration and mining leases covering 515 km2 in close proximity to Georgetown mill

  • Superior cashflows – Processing Agate Creek ore via Georgetown mill provides far superior cashflow outcome 

  • Regional optionality – The only gold plant within 400km radius providing opportunity to commercialise other stranded resources in the region

References:
1. Refer competent persons statement on slide 15 and Agate Creek Mineral Resource table on slide 16 in the SVG AGM Presentation dated 30 November 2022