Savannah Goldfields Limited · ASX:SVG
Savannah Goldfields — Shareholder Meeting (February 2025)
28 slides from Savannah Goldfields's shareholder meeting presentation, Feb 7, 2025
Slide 1: Annual General Meeting Presentation
For personal use only ASX Code: SVG 7 FEBRUARY 2025 Annual General Meeting Presentation
Slide 2: Competent Persons Statement & Disclaimer
Competent Persons Statement & Disclaimer Competent Persons Statements The information in this report that relates to Exploration Results is based on information compiled by Mr Scott Hall who is a member of the Australian Institute of Mining and Metallurgy. Mr Hall is a full-time employee of Savannah
Slide 3: Savannah Goldfields - Overview
Savannah Goldfields - Overview Savannah Goldfields has established infrastructure in Far North Queensland inclusive of: For personal use only Operational Georgetown Agate Creek Gold Mine Current JORC compliant Gold Processing Plant which has several Resource* of 590,000 oz (GGPP) - replacement discr
Slide 4: Gold's rally is not over yet
Gold’s rally is not over yet With an established mine and processing infrastructure Savannah offers near-term exposure to strong Gold prices: For personal use only Current Australian Dollar denominated Gold price is above A$4,200/oz Based on recent mining and production experience, Savannah is targe
Slide 5: Overview
ASX: SVG Overview Far North For personal use only Queensland’s developing gold producer Optimising gold production as part of Savannah Goldfields’ regional expansion strategy in a highly prospective and under explored gold-rich region. Page 5 5
Slide 6: Regional, strategic & transformational growth
Regional, strategic & transformational growth Hub-and-spoke strategy in North Queensland’s prolific gold region, Gulf Savannah Phase 4 For personal use only Phase 3 Future Phase 2 2025-2026 Scale Target >1mt pa Phase 1 Completed 2023 Re-start & Expansion 2 Processing Centers Agate Oxides Completed 2
Slide 7: Georgetown Project – 'The Hub'
Georgetown Project – ‘The Hub’ GOLD MINE AND PROCESSING HUB For personal use only Exploration potential Extensive packages of additional exploration and mining leases in proximity to the processing plant Toll processing opportunities Only gold plant within 400km providing opportunity to commercialis
Slide 8: Gold production capability
Gold production capability For personal use only Fully operational processing and production plant following refurbishment and recommissioning. 8
Slide 9: Production to date
Production to date Processing Operations Actual • Refurbishment and recommissioning program completed during FY23. Quarterly Production • Plant reliability issues were encountered during recommissioning and 50,000 5,000 For personal use only ramp up phase which impacted production through-put. This
Slide 10: Production next steps
Production next steps • Obtain environmental approvals required to expand mining activities at Agate Creek For personal use only • Recommence mining and processing operations in first half 2025 with Agate Creek high grade oxide ore • Mining expected to recommence at Sherwood West and transition to a
Slide 11: Production Expansion and Scale
Production Expansion and Scale Actual and Forecast • Work to be progressed in 2025 to support growth in Production production scale and mine life 1,400,000 70,000 For personal use only Start Agate • Exploration programs to be undertaken to define additional Creek On-Site high grade open cut oxide an
Slide 12: Agate Creek - Multi Pit Operation
Agate Creek - Multi Pit Operation Mining to be recommenced and ramped up across several shallow open pits For personal use only PIT 6A For historical results, refer to ASX announcements of 19/12/2017, 27/5/2019, 26/11/2019 and 30/7/2020 for full drilling results. 12
Slide 13: Agate Creek - Expansion
Agate Creek - Expansion Targeted Resource expansion to underpin future large-scale mining of mineralised gold halo around the high grade starter pits and on-site processing For personal use only Sherwood West Sherwood Repeats Extensions to Sherwood Mineralisation Modern exploration Resource expansio
Slide 14: Resource Upside Potential
Resource Upside Potential Agate Creek • Multi-element analysis => new target areas associated with Intrusion Related Gold Systems (IRGS) For personal use only • Modelling is demonstrating that Agate Creek Mineralised System potential is larger than previously understood • Sherwood repetitions; down
Slide 15: Near term exploration: Red Dam
Near term exploration Red Dam – ML 30203 For personal use only • Red Dam is located 41km northeast of Georgetown on an existing Mining Lease • In 2010, previous owners mined 22,600t of @13.6 g/t gold by open cut, to 15m. • 28,000t @21g/t gold remains below the existing pit to a depth of 50 metres an
Slide 16: Near term exploration: Electric Light
Near term exploration Electric Light – ML 3548 For personal use only • Electric Light is located 13km north of Georgetown on an existing Mining Lease • In 2011, previous owners mined 23,000t @ 8.7 g/t gold by open cut, to a depth of approximately 15m. • 49,000t @7.92 g/t gold located immediately sou
Slide 17: Preparations to resume gold production
Preparations to resume gold production Whilst mining and processing operations have been suspended since early 2024, significant progress has since been made in the planning and preparations for recommencement of gold production. For personal use only Some of the ongoing workstreams include: • revie
Slide 18: Current Equity Raising
Current Equity Raising The Company is currently undertaking an offer of ordinary shares to raise approximately $9.91m comprising: • an institutional placement to the Cornerstone Investor of 79m new shares at an issue price of $0.015 per share to raise $1.19m (‘Placement’) for which funds have been r
Slide 19: Cornerstone Investor in Capital Raising Program
Cornerstone Investor in Capital Raising Program Wes Maas to cornerstone capital raising For personal use only • Investment commitment in the current capital raising program totaling approximately $7 million from an entity associated with Wes Maas comprising: • upfront Placement subscription of $1.19
Slide 20: Additional Funding and Capital Management
Additional Funding and Capital Management With the funds raised the Company will have funding capacity to reach re-commencement of production. For personal use only Convertible Note Subject to any necessary shareholder and noteholder approvals, the Company intends to issue further Placement Converti
Slide 21: Issued Capital after Completion of Current Capital Raising
Issued Capital after Completion of Current Capital Raising Unlisted Convertible Shares Listed Options Unlisted Options Notes For personal use only Currently on issue 281,084,916 40,155,712 59,124,136 5,962,562 Upfront Placement 79,407,207 10,000,000 - - Institutional and Retail Entitlement Offer (su
Slide 22: Investment Case
Investment Case For personal use only • Simple mining and processing restart with mined ore stockpiles and processing optimisation already undertaken prior to operations suspension • Processing infrastructure with A$45m replacement value • Potential for ‘hub and spoke’ regional expansion strategy th
Slide 23: Appendix
For personal use only Appendix
Slide 24: Agate Creek Mineral Resource
Agate Creek Mineral Resource* Table 1: Total recoverable Mineral Resource at 0.5 g/t gold cut-off grade Sherwood Sherwood South Sherwood West Total Classification Mt Au g/t Au oz Mt Au g/t Au oz Mt Au g/t Au oz Mt Au g/t Au oz Measured 0.015 4.88 2,400 - - - - - - 0.015 4.88 2,400 For personal use o
Slide 25: Georgetown Mineral Resource
Georgetown Mineral Resource* • Mineral Resources are Table 4:Georgetown Inferred Mineral Resource Estimates @ 1 g/t Au cut-off For personal use only based on historic sampling data and block Mineral Mass Au Ag Density Au model estimates that Resource kt g/t g/t t/m koz* Tenement provide reasonable r
Slide 26: Other Investments
Other Investments Clara Resources Australia Ltd • Savannah has an approximate 8.2% shareholding in ASX listed Clara Resources Australia (ASX:C7A). For personal use only • Clara owns the Ashford Coking Coal project: • Located in Ashford Basin Northern NSW containing historic workings from previous mi
Slide 27: Corporate Overview
Corporate Overview A$0.019 281.1m* 56.6m $5.6m Share price Ordinary Shares Convertible Notes Market cap For personal use only as at close 6 February 2025 ($15.8m face value) as at 6 February 2025 Board & Management. Shareholders* Stephen Bizzell Rick Anthon Mark Baker Peter Wright Executive Chairman
Slide 28: Contact
Contact For personal use only Savannah Goldfields @sav_goldfields Stephen Bizzell, Chairman admin@savannahgoldfields.com www.savannahgoldfields.com 28
Savannah Goldfields — Shareholder Meeting (February 2025) on 6ix