Savannah Goldfields Limited · ASX:SVG
Savannah Goldfields — AusIMM RESOURCEFUL FNQ 2023
25 slides from Savannah Goldfields's conference presentation, Jun 2, 2023
Slide 1: Agate Creek Project – Metal Zonation – New Insights
Agate Creek Project – Metal Zonation – New Insights For personal use only AusIMM RESOURCEFUL FNQ 2023 June 2023
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 Savann
Slide 3: Corporate Overview, Directors & Management
North Corporate Directors & Management ASX: SVG Queensland’s Overview Stephen Bizzell Chairman Brett Thompson CEO newest gold Brad Gordon Non-Executive Director Rick Anthon Non-Executive Director producer For personal use only Mark Baker Non-Executive Director Peter Wright Non-Executive Director eme
Slide 4: Agate Creek and Georgetown Gold Projects
Agate Creek Gold Project North • Existing JORC 471,000oz* Resource Queensland’s • 60km west of Kidston • Mining recommenced June 2022 newest gold • Mining on-going currently For personal use only Georgetown Gold Project producer • Acquisition completed Nov 2022 • Fully operational CIL plant, 250,000
Slide 5: A well mineralised region - Significantly Under Explored
A well mineralised region - Significantly Under Explored • Savannah has identified the potential for Mines within 100km of the Georgetown Mill Georgetown to become a regional processing hub. Georgetown being the only gold plant within 400km. For personal use only • Georgetown itself is a regional ce
Slide 6: Gold production
Q3 2022 saw the re-commencement of mining at Agate Creek and the Gold production first gold poured at the refurbished Georgetown CIL Processing Plant Savannah’s regional gold expansion strategy continues to rapidly evolve with processing and gold production commencing in September and now reaching s
Slide 7: Metallogenic and Gold Endowment
Metallogenic and Gold Endowment • Studies in 2019 on the Georgetown Region concluded “lode deposits are in dire need of modern exploration” • 54 Mineralisation Style “Camps” with several For personal use only mineralisation styles & material gold endowment in Georgetown Region: • Plutonic – avg endo
Slide 8: Structural Setting - Agate Creek Project
Structural Setting - Agate Creek Project • Sherwood Prospect lies within the regional NW trending Robertson Fault Zone near the intersection of the ENE trending Robinhood Fault. For personal use only • The major faults have controlled cauldron collapse, rhyolite emplacement and several phases of flu
Slide 9: Regional Geological Setting
Regional Geological Setting • Proterozoic Georgetown inlier, Part of Georgetown Coen Province. • Forsayth Sub-province For personal use only • Palaeoproterozoic metasediments of the Etheridge and Langlovale Groups and various mafic intrusives. • Later metamorphosed and intruded by several I and S-Ty
Slide 10: Mining and Operational Learnings – Sherwood Open Pit
Mining and Operational Learnings – Sherwood Open Pit • Proterozoic Robertson River Subgroup intruded by Silurian Robinhood Granodiorite and Permian Agate Creek Volcanic Group on the edge of a large collapsed caldera. • Mineralisation associated with shallow dipping rhyolites For personal use only co
Slide 11: Summary Position of Agate Creek in the NQ IRGS model
Summary Position of Agate Creek in the NQ IRGS model • Agate Creek mineralisation is historically described as a low- IRGS model for NE Queensland showing styles of sulphidation epithermal gold system characterised by mineralisation and the different overall metal associations swarms of narrow chalc
Slide 12: Multielement Study Methodology
Multielement Study Methodology • Existing pulps (≈47,000) were assayed using Niton pXRF. • 1 in 20 sent for comparison analysis 4 acid digest and ICP- OES. For personal use only • Used Lab data in preference to pXRF when both available. • Reliable elements in both methods of the metal suite: • As Cu
Slide 13: Multi-element Plan & Cross-sections
Multi-element Plan & Cross-sections • Rhyolites are the centre of the metal zoning not the structure per se. • Mo/W correlated well with the HG zone often with a As/Sb shell. • The metal zoning pattern is a rhyolite – rhyodacite - related • For personal use only Polymetallic W-Mo-Bi system with best
Slide 14: Multi-element Study Results - Gold +1ppm drill core
Multi-element Study Results - Gold +1ppm drill core For personal use only Au Ag Sb Te As Mo Se S Morrison, Mustard and Beams, 2022 14
Slide 15: Agate Creek Project – Metal Zonation Insights
Agate Creek Project – Metal Zonation Insights • Distinct mappable metal element associations which define METAL ZONING metal zones for the Agate Creek hydrothermal system. Mo – W – Au – As – Pb – Zn - Pb – Tl up & out For personal use only • The metals are zoned around the shallow dipping rhyolite s
Slide 16: Multielement Study Insights, Targets & Findings
Multielement Study Insights, Targets & Findings • Rockchip data confirms a larger system than initially expected with significant upside potential. • The quartzites North of Sherwood and their easterly extension across the Zig-Zag Fault at Sherwood West that have an As For personal use only Sherwood
Slide 17: Updated Geological Model for Agate Creek
Updated Geological Model for Agate Creek The Old The New… Boiling Zone Epithermal Epizonal- Intrusion Related Gold System For personal use only From Morrison, Mustard and Beams, 2022 • Sherwood modelling displays metal zonation associated with gold as typically displayed in epizonal IRGS deposits.
Slide 18: Ore is silica sulfide breccia
Ore is silica sulfide breccia >> crustiform-colloform veins High grade ore breccia Marcasite with free gold For personal use only 18
Slide 19: Agate Creek Project - Rocks District scale potential
Agate Creek Project - Rocks District scale potential Hematite-silica breccia +/- crystalline quartz , No sulfide low grade Au Silica-oxide clasts in breccia, matrix has marcasite crystals bonanza ore grade - feed for Georgetown Mill Electric Light PLATE 13: Early phase of brecciation cemented by fin
Slide 20: Appendices
ASX: SVG June 2023 Appendices For personal use only Page 20 20
Slide 21: 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 - - - - - - - - - For personal use only Indicat
Slide 22: Georgetown Mineral Resource
Georgetown Mineral Resource* Georgetown Inferred Mineral Resource Estimates @ 1 g/t Au cut-off • Mineral Resources are For personal use only Mineral Mass Au Ag Density Au based on historic sampling Tenement Resource kt g/t g/t t/m koz* data and block model estimates that provide ML30203, reasonable
Slide 23: Other projects
Other projects Ashford Coking Coal Project 60% SVG Clara Resources Australia For personal use only • 40% sale to Clara Resources Australia (ASX:C7A) retained 60% • Retains a 19.7% shareholding in ASX listed Clara Resources Australia interest. Clara have option to purchase remaining interest for cash
Slide 24: Contact
ASX: SVG November 2022 For personal use only Contact. 07 3108 3500 admin@savannahgoldfields.com www.savannahgoldfields.com Address. Follow. LinkedIn: Savannah Goldfields Level 21, Matisse Tower Twitter: @sav_goldfields 110 Mary Street Facebook: @savannahgoldfields Brisbane QLD 4000 24
Slide 25: Why Savannah Goldfields?
Why Savannah Goldfields? • With 8 months of gold production and For personal use only ongoing processing optimisation, Savannah’s regional gold expansion strategy continues to rapidly evolve as the Company completes its transition from gold explorer to gold producer. • The Gulf Savannah region is a