Driving Gold Production and Growth in Queensland
Savannah Goldfields – Regional Gold Projects
Our Strategy
Savannah’s vision:
Operate the Georgetown processing plant as a central hub while sourcing ore from multiple regional projects and targets, increasing throughput, cash flow, and develop the strategic growth projects to deliver gold production growth.
Driving Gold Production and Growth in Queensland
Savannah Goldfields is producing gold from its flagship gold projects in Far North Queensland. The Company is producing gold from the Georgetown Gold Processing Plant and the Company has 17 Mining Leases, significant Mineral Resources in its Georgetown Projects and Ore Reserves at its Agate Creek Gold Mine.
Agate Creek Gold Project
Location: ~70 km south of Georgetown (North Queensland)
Role: High‑grade gold Ore Reserve with expansion potential.
Key features:
• Open Pit Gold Mine that has previously produced high‑grade ore that was processed at the Georgetown Gold Processing Plant.
• Company is awaiting receipt of updated Environmental Authority that is expected in second quarter 2026 to resume open pit mining at Agate Creek.
Why it matters:
Ore Reserves provides approximately 2 years of feed to the Georgetown Gold Processing Plant and underpins development of the growth strategy.
Exploration Targets (within Georgetown region)
The key Deposits on existing Mining Leases that Savannah is actively exploring in the Georgetown area include:
• Red Dam – high grade gold deposit with existing Mineral Resource and Exploration Target area gold mineralisation open at depth.
• Electric Light – wide gold mineralisation with existing Mineral Resource and Exploration Target open at depth.
• Big Reef – New open pit mining area established along strike from historic open pit and underground mining. Mineral Resource and Exploration Target at Big Reef and significant gold mineralised strike length at Big Reef and the adjacent Big Reef Extended.
• Jubilee Plunger & Phily’s – additional Mineral Resource and Exploration Targets contributing to exploration upside.
Georgetown Gold Processing Plant
Georgetown Gold Project
Location: ~480 km southwest of Cairns (Far North Queensland)
Role: Regional processing hub and flagship production centre.
Key features:
• Georgetown Gold Processing Plant (GGPP) – recommissioned with gold production resumed, including first gold doré pour in November 2025.
• Strategic hub to process ore from Agate Creek and other deposits.
• Multiple Mineral Resources on existing Mining Leases and Exploration Targets (including: Red Dam, Electric Light, Big Reef, Jubilee Plunger, Phily’s).
Why it matters:
The only operating gold processing facility within a ~400 km radius, serving as Savannah’s centre of production and growth.
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