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An announcement from Laneway Resources Ltd. ( (AU:SVG) ) is now available.
Savannah Goldfields Limited has received two key environmental approvals crucial for resuming gold production at its Georgetown Gold Project in Far North Queensland. These approvals allow the company to process material from Big Reef and relocate stockpiles from Agate Creek to the Georgetown gold processing plant, with plans to commence mining in October. Additionally, approval for the extension of the tailings storage facility has been granted, supporting the company’s future processing schedule and aligning with its production goals, thereby positively impacting its operational capabilities and stakeholder confidence.
More about Laneway Resources Ltd.
Savannah Goldfields Limited is a company operating in the gold mining industry, focusing on the extraction and processing of gold. The company is primarily engaged in gold production activities in Far North Queensland, Australia, with a market focus on resuming and expanding its gold production capabilities.
Average Trading Volume: 3,144,581
Technical Sentiment Signal: Hold
Current Market Cap: A$22.66M
Learn more about SVG stock on TipRanks’ Stock Analysis page.