---
title: "Savannah Goldfields Updates on Georgetown Gold Project Progress"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/268499102.md"
description: "Savannah Goldfields Limited has updated on its Georgetown Gold Project in Queensland, successfully pouring a 6.951 kg doré and receiving refined gold and silver from the Perth mint. The Georgetown Gold Processing Plant is operating well, with regular gold recovery cycles. Mining equipment is at the Big Reef site, but the drill and blast contractor is delayed. Mining at Agate Creek is planned for Q2 2026, pending environmental approval. The latest analyst rating for Laneway Resources Ltd. is a Hold with a A$0.02 price target."
datetime: "2025-12-03T23:39:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/268499102.md)
  - [en](https://longbridge.com/en/news/268499102.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/268499102.md)
---

# Savannah Goldfields Updates on Georgetown Gold Project Progress

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An update from Laneway Resources Ltd. ( (AU:SVG) ) is now available.

Savannah Goldfields Limited, operating in the gold mining industry, has provided an update on its Georgetown Gold Project in Far North Queensland. The company has successfully poured a doré weighing 6.951 kg and received refined gold and silver weights from the Perth mint. Key components of the Georgetown Gold Processing Plant are functioning as expected, with a regular elution cycle established for gold recovery. Mining equipment has been mobilized to the Big Reef site, though the drill and blast contractor’s arrival has been delayed. The company plans to resume mining at Agate Creek in Q2 2026, pending an updated Environmental Authority.

The most recent analyst rating on (AU:SVG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Laneway Resources Ltd. stock, see the AU:SVG Stock Forecast page.

**More about Laneway Resources Ltd.**

**Average Trading Volume:** 9,462,317

**Technical Sentiment Signal:** Sell

**Current Market Cap:** A$42.83M

For a thorough assessment of SVG stock, go to TipRanks’ Stock Analysis page.

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