GEORGETOWN GOLD PROJECT
A producing gold district centred on the Georgetown Gold Processing Plant and supported by a portfolio of mining, development and exploration assets across North Queensland.
Project Overview
Located approximately 480km southwest of Cairns in North Queensland's Gulf Savannah region, the Georgetown Gold Project is Savannah Goldfields' flagship asset and the centrepiece of the Company's gold production and development strategy.
The project comprises the Georgetown Gold Processing Plant and a portfolio of mining, development and exploration opportunities located throughout the Georgetown district. Supported by established infrastructure and multiple potential ore sources, the project provides a strong foundation for ongoing gold production and future growth.
Savannah's strategy is focused on expanding resources, extending mine life and maximising the value of its processing infrastructure through the advancement of both existing deposits and new discoveries.
Georgetown Gold Processing Plant
The Georgetown Gold Processing Plant serves as the operational hub of the Georgetown Gold Project and provides Savannah with established processing infrastructure within one of Queensland's most prospective gold regions.
The plant processes ore sourced from Savannah's mining and development assets and plays a critical role in supporting the Company's production and growth strategy.
Electric Light Deposit
The Electric Light Deposit is located approximately 20km north of Georgetown and 30km by road from the Georgetown Gold Processing Plant.
Recent drilling and geological modelling have increased confidence in the deposit, resulting in the first Indicated Mineral Resource being reported. Electric Light currently hosts a Mineral Resource of 364,000 tonnes at 3.9g/t gold for 46,000 ounces of contained gold and represents a potential future source of mill feed for the Georgetown Gold Processing Plant. Further drilling is planned to evaluate extensions of the mineralisation and assess future development opportunities.
Key Highlights
Mineral Resource of 364,000 tonnes at 3.9g/t Au
46,000 ounces of contained gold
First Indicated Mineral Resource reported
Located 30km from the Georgetown Gold Processing Plant
Further drilling planned in 2026
Potential future open pit and underground mining opportunities