Electric Light currently holds an inferred mineral resource of 388,000t at 3.7g/t, containing 46,000oz of gold.
The company completed a reverse circulation (RC) drilling program at Big Reef and Big Reef Extended, situated about 4 km south of Forsayth. This program included 15 holes to test 1,500-meter strike extensions where prior rock chip sampling identified anomalous gold. Samples from these drill holes have been sent to an independent laboratory in Townsville, with assay results expected by the end of October 2025. The drilling aims to expand the current inferred mineral resource at Big Reef, estimated at 107,000 tonnes at 3.0 grams per tonne, containing approximately 10,000 ounces of gold.
Preparations for mining at Big Reef are progressing, with operations set to begin in October following environmental approvals. The RC drill rig has now moved to the Electric Light deposit, where drilling is underway to test down-dip extensions of known gold mineralization. Electric Light holds an inferred mineral resource of 388,000 tonnes at 3.7 grams per tonne, equating to 46,000 ounces of gold, with potential for further expansion along strike and at depth.
Savannah plans to deploy a diamond drill rig to Georgetown in the first half of October 2025 for a four-to-eight-hole campaign at Electric Light, followed by exploration at the Red Dam prospects. These efforts are part of the company’s strategy to enhance its resource base and support the Georgetown processing plant’s operations.
Brad Sampson, CEO of Savannah Goldfields, stated: “We are excited to be well underway with exploration drilling in areas with potential to expand our gold inventory, provide near-term feed stocks and extend the oxide processing life at the Georgetown gold processing plant.”
The exploration program supports Savannah’s goal to increase gold production capacity and extend the operational life of the Georgetown facility. By targeting additional resources at Electric Light and Red Dam, the company aims to strengthen its position in Queensland’s gold sector, contributing to local economic growth through sustainable mining practices.
