Santana Minerals Ltd. · ASX:SMI

Santana Minerals — Resources Rising Stars (September 2026)

18 slides from Santana Minerals's conference presentation, Sep 9, 2026

  1. Slide 1: Fast-tracking New Zealand's Newest Major Gold Project

    ASX / NZX: SMI G O L D C O A S T, Q U E E N S L A N D S E P T E M B E R 2 0 2 6 For personal use only Fast-tracking New Zealand's Newest Major Gold Project. Bendigo–Ophir Gold Project

  2. Slide 2: Disclaimer

    Disclaimer All information contained in this presentation is of a general nature. Potential investors are cautioned against CAUTIONARY STATEMENT — INFERRED RESOURCES Included in Production Target using the content of this presentation, in isolation, for making investment decisions and should also re

  3. Slide 3: Bendigo Ophir Gold Project

    Bendigo Ophir Gold Project For personal use only  A substantial gold discovery on freehold, private land – OIO consent granted May 2026, Mining Permit granted Nov 2025. Reserve of 1.2 M oz @ 2.6g/t Gold*  An emerging high-margin gold producer with low capital hurdle. All-in-cost A$2,200/oz  Draft

  4. Slide 4: The Rise & Shine (RAS)

    OPEN B’ The Rise & Shine (RAS) For personal use only  A blind discovery HG1  110,000m+ of Diamond Drilling LG1  2.1 km down-plunge and open  Up to 450m wide RAS  High-grade core A A’ (150-200m wide, 30-40m thick) B  Bulk barren waste pre-strip 4

  5. Slide 5: Cross section A-A'

    Cross section A-A’ TZ3 schist For personal use only LG1 HG1 TZ4 schist TZ3 TZ4 5

  6. Slide 6: Long section B-B'

    Long section B-B’ For personal use only TZ3 Schist Cross section A-A’ TZ4 Schist 6 OPEN

  7. Slide 7: Simple development plan – open pit and underground

    Simple development plan – open pit and underground For personal use only Stage 1 Stage 2 Stage 3 Stage 4 Stage 5 Decline Multi-stage Open Pit Approx 1 Moz Underground Mining Down Plunge Resource Extension 7

  8. Slide 8: Freehold land – sheep stations

    Freehold land – sheep stations For personal use only Battery Hill BENDIGO STATION ARDGOUR STATION Rise & Shine Valley Shepherds Creek TZ4 Schist TZ3 Schist Thomson Gorge Fault/Unconformity View – Looking South East 5 8

  9. Slide 9: Corporate Snapshot

    Corporate Snapshot technical capability & financial capacity For personal use only M A R K E T CA P I TA L I S AT I O N BOARD & MANAGEMENT Proven leadership across finance, legal & operations. ~A$520 m Peter Cook Damian Spring E N TE R P R I S E VALUE NON-EXEC CHAIR C E O & E X E C D I R E C TO R ~A

  10. Slide 10: Base case study

    Base case study Initial Mine Development For personal use only A$3,500/oz Ounce Profile at 1.2Mtpa BASE CASE 140 120 Study basis for open pit then underground to feed 100 1.2 Mtpa plant Production (kOz) 80 60 A$277 million CAPEX 40 20 17.5Mt pre-strip and establishment A$94m - Year Year Year Year Ye

  11. Slide 11: Future initial 120,000oz producer

    Future initial 120,000oz producer For personal use only SPOT GOLD AV E R AG E A N N UA L N P V A F T E R TA X A$6,000/oz EBITDA A$2,100 M A$369 M 6.5% DISCOUNT RATE C A S H O P E R AT I N G C O S T E V: E B I TDA IRR A$1,800/oz ~1.0x 85% LOM AVERAGE ALL IN COST AV E R AG E A N N UA L P AY B A C K A$

  12. Slide 12: Low-cost infrastructure

    Low-cost infrastructure For personal use only No FIFO Bendigo-Ophir No airstrips Project RAS 66kV Substation Deposit Clean water 8km from the project Low-cost hydro power Skilled residential workforce State Highway 8 EASY ACCESS Borefield FRESH WATER Cromwell 8,000 people Queenstown International Ai

  13. Slide 13: Path to approval and production

    PATH TO APPROVAL AND PRODUCTION For personal use only Advanced permitting process & runway to first gold OCT 25 FEB ‘26 APR ‘26 JUN ‘26 26 JUN ‘26 17 AUG ‘26 27 AUG '26 Substantive Expert s53 Response Expert Application Processing of RFI 11 application Panel filed Hearings paused for Application Res

  14. Slide 14: Operational Readiness

    Operational Readiness  Management in place For personal use only  Mining fleet rolling of the production line  Early works:  New exploration base  New access road  Fresh water bore field and 5km of pipeline  11kV power line • Converting +1400 expressions of interest for work 14

  15. Slide 15: Exploration upside

    For personal use only Exploration upside  30km of strike  Strong soil anomalies at DNS and ORK  Emerging new targets coming from mapping and soil sampling  426 km2 under-explored 15

  16. Slide 16: Summary: Outstanding Investment Opportunity

    Summary Outstanding Investment Opportunity For personal use only Major NZ Gold Discovery S C A L E E S TA B L I S H E D Approval Pathway Set DECISION JAN 2026 Up to 120koz p.a. LOW-COST LONG-LIFE First Gold 2028 NEAR TERM BUILD A$2.1 billion NPV A F T E R - TA X , 6 . 5 % D I S C O U N T R AT E , A

  17. Slide 17: Contact

    For personal use only CEO Damian Spring dspring@santanaminerals.com C O N TA C T Telephone 0800 726 333 community@santanaminerals.com Santanaminerals.com linkedin.com/company/santana-minerals-ltd NZX:ASX SMI 09 18

  18. Slide 18: Gold in the ground

    Gold in the ground Mineral Resources Ore Reserves For personal use only Total Mt Au g/t koz 275 The information in this report that relates to this March 2025 RAS Mineral Resource Estimates (MRE) and to the November 2024 SRX Note 1: RAS Open pit cut-off grade 0.5g/t at $US2,000/oz Au price and SRE M

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