Savannah Goldfields Limited · ASX:SVG
Savannah Goldfields — Investor Presentation (February 2025)
32 slides from Savannah Goldfields's investor presentation, Feb 3, 2025
Slide 1: Equity Raising Presentation
Equity Raising Presentation ASX Code: SVG 3 FEBRUARY 2025
Slide 2: Disclaimers
Disclaimers This presentation (Presentation) is dated 3 February 2025 and has been prepared by Savannah Goldfields Accuracy of projections and forecasts Limited ACN 003 049 714 (Savannah) This Presentation has been prepared in relation to an institutional This Presentation includes certain statement
Slide 3: Disclaimers (Continued) & Competent Person Statement
Disclaimers (Continued) & Competent Person Statement Morgans and their respective Beneficiaries (together, the Limited Parties) have not authorised, permitted Competent Persons Statements or caused the issue or lodgement, submission, despatch or provision of this Presentation or any of its contents
Slide 4: Savannah Goldfields - Overview
Savannah Goldfields - Overview Savannah Goldfields has established infrastructure in Far North Queensland inclusive of: Operational Georgetown Agate Creek Gold Mine Current JORC compliant Gold Processing Plant which has several Resource* of 590,000 oz (GGPP) - replacement discrete high-grade gold va
Slide 5: 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: Current Australian Dollar denominated Gold price is above A$4,200/oz Based on recent mining and production experience, Savannah is targeting cash production c
Slide 6: Overview
ASX: SVG Overview Far North 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 6 6
Slide 7: Regional, strategic & transformational growth
Regional, strategic & transformational growth Hub-and-spoke strategy in North Queensland’s prolific gold region, Gulf Savannah Phase 4 Phase 3 Future Phase 2 2025-2026 Scale Target >1mt pa Phase 1 Completed 2023 Re-start & Expansion 2 Processing Centers Agate Oxides Completed 2022 Target 220kt pa &
Slide 8: Georgetown Project – 'The Hub'
Georgetown Project – ‘The Hub’ GOLD MINE AND PROCESSING HUB 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 commercialise more stranded resour
Slide 9: Gold production capability
Gold production capability Fully operational processing and production plant following refurbishment and recommissioning. 9
Slide 10: 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 ramp up phase which impacted production through-put. This is typical of plant re
Slide 11: Production next steps
Production next steps • Obtain environmental approvals required to expand mining activities at Agate Creek • 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 cut back at Sherwood
Slide 12: 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 Start 70,000 Agate • Exploration programs to be undertaken to define additional Creek On-Site high grade open cut oxide and sulphide mineral res
Slide 13: Agate Creek - Multi Pit Operation
Agate Creek - Multi Pit Operation Mining to be recommenced and ramped up across several shallow open pits 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. 13
Slide 14: 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 Sherwood West Sherwood Repeats Extensions to Sherwood Mineralisation Modern exploration Resource expansion opportunity Current
Slide 15: Resource Upside Potential
Resource Upside Potential Agate Creek • Multi-element analysis => new target areas associated with Intrusion Related Gold Systems (IRGS) • Modelling is demonstrating that Agate Creek Mineralised System potential is larger than previously understood • Sherwood repetitions; down dip & along strike ext
Slide 16: Near term exploration
Near term exploration Red Dam – ML 30203 • 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 and the deposit remains
Slide 17: Near term exploration
Near term exploration Electric Light – ML 3548 • 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 south of the existing pit
Slide 18: 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. Some of the ongoing workstreams include: • reviewing and optimising th
Slide 19: Equity Raising
Equity Raising 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’); • an accelerated non-renounceable entitlement offer to existing shareho
Slide 20: Cornerstone Investor in Capital Raising Program
Cornerstone Investor in Capital Raising Program Wes Maas to cornerstone capital raising • Investment commitment in the current capital raising program totaling approximately $7 million from an entity associated with Wes Maas comprising: • upfront Placement subscription of $1.19m (79m shares at 1.5c
Slide 21: 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. Convertible Note Subject to any necessary shareholder and noteholder approvals, the Company intends to issue further Placement Convertible Notes with a face
Slide 22: Indicative Timetable
Indicative Timetable Event Date Announcement of Entitlement Offer 3 February 2025 Lodgement of Prospectus with ASX and ASIC Institutional Entitlement Offer conducted 3 February 2025 – 4 February 2025 Announcement of results of Accelerated Offer 5 February 2025 Record date for Institutional Entitleme
Slide 23: Issued Capital
Issued Capital Unlisted Convertible Shares Listed Options Unlisted Options Notes 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 (subject to 281,084,916 - - - rounding) Conditional Placement 300,000
Slide 24: Investment Case
Investment Case • 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 through resource expansi
Slide 25: Appendix
SAVANNAH GOLDFIELDS
Slide 26: 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 Indicated 2.45 1.5
Slide 27: Georgetown Mineral Resource
Georgetown Mineral Resource* • Mineral Resources are Table 4:Georgetown Inferred Mineral Resource Estimates @ 1 g/t Au cut-off 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 reconciliation against
Slide 28: Other Investments
Other Investments Clara Resources Australia Ltd • Savannah has an approximate 8.2% shareholding in ASX listed Clara Resources Australia (ASX:C7A). • Clara owns the Ashford Coking Coal project: • Located in Ashford Basin Northern NSW containing historic workings from previous mining to supply local p
Slide 29: Corporate Overview
Corporate Overview A$0.02 281.1m 56.6m $5.6m Share price Ordinary Shares Convertible Notes Market cap as at close 29 January 2025 ($15.8m face value) as at 29 January 2025 Board & Management. Shareholders. Stephen Bizzell Rick Anthon Mark Baker Peter Wright Executive Chairman Non-Executive Non-Execu
Slide 30: Risks
Risks There are numerous widespread risks associated with investing in any form of business and with investing in the share market generally. There is also a range of specific risks associated with Savannah Goldfields’ business. The following summary, which is not exhaustive, represents some of the
Slide 31: Risks
Risks • Resource estimates: Resource estimates are expressions of judgement based on knowledge, experience and industry practice. Estimates which were valid when originally issued may alter significantly when new information or techniques become available. In addition, by their nature resource estim
Slide 32: Contact
Contact Savannah Goldfields @sav_goldfields Stephen Bizzell, Chairman admin@savannahgoldfields.com www.savannahgoldfields.com 32
Savannah Goldfields — Investor Presentation (February 2025) on 6ix