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Laneway Resources Ltd. ( (AU:SVG) ) has issued an update.
Savannah Goldfields Limited is progressing towards resuming gold production at its Georgetown Gold Processing Plant in Far North Queensland. The company has received environmental authorization to transport run-of-mine stockpiles from Agate Creek to the processing plant, with operations expected to commence in October. Maintenance and recruitment activities are underway to ensure operational readiness, marking a significant step towards achieving near-term growth in shareholder value.
More about Laneway Resources Ltd.
Savannah Goldfields Limited operates in the gold mining industry, focusing on the extraction and processing of gold. The company is primarily involved in the management of gold processing plants and the exploration of mineral resources, with a market focus on enhancing shareholder value through strategic operations and exploration programs.
Average Trading Volume: 2,746,715
Technical Sentiment Signal: Hold
Current Market Cap: A$23.36M
Learn more about SVG stock on TipRanks’ Stock Analysis page.