SAVANNAH GOLDFIELDS LIMITED — Capital/Financing Update 2007

Jan 3, 2007

RENISON CONSOLIDATED MINES NL

ACN 003 049 714

Mail Address GPO Box 5268 Brisbane Old 4001 Level 5, Santos House 60 Edward Street Brisbane Old 4000

Phone: (07) 3303 0630 Fax: (07) 3303 0601 Email: admin@rcm.com.au

Partly Paid Shares - Notice of Call

Please find attached for release to the Market a copy of the Call Notice for the call of 1 cent per share to be sent to all holders of the Renison Partly Paid Ordinary Shares (ASX code RSNCF).

The call is due and payable by 31 January 2007.

JPK Marshall Company Secretary

RENISON CONSOLIDATED MINES NL

ACN 003 049 714

Mail Address GPO Box 5268 Brisbane Old 4001

Level 5 60 Edward St Brisbane Old 4000

Phone: (07) 3303 0630 Fax: (07) 3303 0601 Email: admin@rcm.com.au

PARTLY PAID SHARES (ASX CODE RSNCF) NOTICE OF CALL OF ONE CENT (\$0.01) PER SHARE DUE AND PAYABLE BY 31 JANUARY 2007

Notice is hereby given that pursuant to the partly paid share call program the Company makes a call of one cent $(\$0.01)$ per partly paid share. The call is due and payable no later than 5.00pm on 31 January 2007.

The partly paid shares on which the call remains unpaid after the due date will be subject to forfeiture in accordance with the Constitution of the Company and the Corporations Law. Partly paid shares for which the call remains unpaid at the end of 14 days after the due date will be immediately forfeited pursuant to the Corporations Law and will be sold by way of a public auction.

The last date for trading of the partly paid shares on a call unpaid basis on the ASX Limited will be 30 January 2007.

The last day for acceptance by the Company's Share Registry of lodgment of transfers of partly paid call unpaid shares will be 6 February 2007. The dispatch date, that is the last day to enter the call paid on the partly paid shares on the register, will be 13 February 2007.

This call has been made in accordance with a defined call program as required by no liability companies under the Listing Rules of the Australian Securities Exchange.

The remaining call program for the partly paid shares is:

$(a)$ as to 1 cent:	by 31 January 2007 (the call pursuant to this notice)
$(b)$ as to 1 cent:	by $31$ January $2008$
(c) as to $17.5$ cents:	by 31 January 2009.

In accordance with the Listing Rules of the Australian Securities Exchange the following additional information is provided:

• The latest available market price of the partly paid shares in the Company before the issue of this call notice was 5.5 cents on 3 January 2007. During the three months preceding the date of this notice the highest sale price and the lowest sale price of the partly paid shares in the Company was 14 cents on 17 October 2006 and 4.6 cents on 13 and 14 December 2006 respectively.
• The latest available market price of the ordinary fully paid shares in the Company before the issue of this call notice was 15.5 cents on 3 January 2007. During the three months preceding the date of this notice the highest sale price and the lowest sale price of the ordinary fully paid shares in the Company was 23.5 cents on 2 and 16 October 2006 and 13 cents on 14 December 2006 respectively.

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• Since 30 June 2006, the date of the last audited accounts of the Company, the Company has expended \$1,940,000 on exploration and administration.
• The funds raised will be utilised as follows:
• ongoing exploration programs at the Company's Agate Creek gold project including feasibility studies for the project's development;
• further exploration of Renison's coal assets: $\overline{a}$
• feasibility studies into the expansion of the Tom's Gully Gold Mine from the initial 50,000 ounce per annum development; and
• general working capital purposes.
• There is no material geological data available or results of any exploration activity that has not previously been announced to the ASX. There are no current programs of mining and exploration recommended other than ongoing mining at the Tom's Gully gold mine and exploration and development of other Northern Territory tenements, the Agate Creek gold project and the Coal Projects in northern NSW.
• The following information is provided in relation to holdings of partly paid shares of the Directors of the Company:

Director	Number of Partly Paid Shares Held
RS Anthon	3,500,000
SG Bizzell	6,658,970
CD Rawlings	nil

Each director has advised that it is his intention to pay the call in respect of all partly paid shares held by him or his interests on the due date.

JPK Marshall Company Secretary 03 January 2007

PLEASE RETURN THE ATTACHED CALL NOTICE WITH YOUR CHEQUE PAYMENT

• All cheques are to be made payable to Renison Consolidated Mines NL and crossed "not $(a)$ negotiable". All cheques are to be drawn in Australian currency.
• The call notice together with your payment should be forwarded to Renison Consolidated $(b)$ Mines NL, C/- Link Market Services Ltd, Locked Bag A14, Sydney, NSW 1235 or in the reply paid envelope enclosed.

RENISON CONSOLIDATED MINES NL

ABN 75 003 049 714

Please return this form to:

Renison Consolidated Mines Share Registry C/- Link Market Services Limited Locked Bag A14 Svdnev NSW 1235 Telephone: (02) 8280 7454 Facsimile: (02) 9287 0303 ASX Code: RSNCF Email: registrars@linkmarketservices.com.au Website: www.linkmarketservices.com.au

THIS IS AN IMPORTANT DOCUMENT

Should you have any doubt about how to deal with it please consult a financial adviser.

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SRN/HIN: xxxxxxxxxx

Number of Partly Paid Shares Held at 7.00pm on XX XX XXXX	XXX.XXX.XXX
Total amount owing @ A\$0.01 per Partly Paid Share:	\$XXX,XXX,XXX,XX
$\sim$	.

Call Payment Due Date:

and the state of the state

31 January 2007

CALL NOTICE FOR RSNCF Partly Paid Shares with \$A0.01 payable by no later than 31 January 2007

Notice is hereby given that pursuant to the call program, as resolved at the Meeting of Partly Paid Shareholders held on 27 November 2003 and disclosed in the Notice of Meeting thereof, the Company makes a call of one cent (\$0.01) per partly paid share. The call is due and payable no later than 5.00pm on 31 January 2007.

Consequences of Non-Payment

The partly paid shares on which the call remains unpaid after the due date will be subject to forfeiture in accordance with the Constitution of the Company and the Corporations Law. Partly paid shares for which the call remains unpaid at the end of 14 days after the due date will be immediately forfeited pursuant to the Corporations Law and will be sold by way of a public auction.

Call Notice Timetable

Last day for trading Partly Paid "Call Unpaid" Shares on ASX 30 January 2007 Last day for Share Registry to accept transfers of Partly Paid "Call Unpaid" Shares 6 February 2007 31 January 2007 Call Payment Date Despatch date of holding statements of "Call Paid" Partly Paid Shares 13 February 2007

Cheque details - please completed and ensure that the amount payable is correct.

Payment can be made by cheque only. Cheques or bank drafts must be made in Australian dollars and drawn on Australian bank and should be made payable to "Renison Consolidated Mines NL" and crossed "Not Negotiable". Mail this form together with your cheque to reach Link Market Services Limited at Link Market Services Ltd, Locked Bag A14, Sydney, NSW 1235, by no later than 5.00pm Sydney time on Wednesday, 31 January 2007. A reply paid envelope is enclosed for your convenience.