Santana Minerals Ltd. · ASX:SMI
Santana Minerals — Investor Presentation (October 2021)
20 slides from Santana Minerals's investor presentation, Oct 28, 2021
Slide 1: Bendigo-Ophir Gold Project
For personal use only BENDIGO-OPHIR BENDIGO-OPHIR GOLD GOLD PROJECT PROJECT CIT DRILL CORE MDD001 RAS DRILL CORE MDD002 SRE DRILL CORE MDD003 October 2021 A Mexican A Mexican focused focused silver silverand silver andgold and goldexplorer gold explorer explorer GOLD RESOURCE UPGRADE TO 643Koz WITH
Slide 2: Forward looking statements and previous disclosure - 2012 JORC Code
Forward looking statements and previous disclosure-2012 JORC Code Disclaimer Previous Disclosure - 2012 JORC Code For personal use only All information contained in this presentation is of a general nature. Potential investors are The information in this report that relates to Mineral Resources or O
Slide 3: Corporate Snapshot & Capital Snapshot
CORPORATE SNAPSHOT & CAPITAL SNAPSHOT A STRONG TEAM WITH EXPLORATION, DEVELOPMENT, MINING AND “IN COUNTRY” EXPERIENCE For personal use only ASX:SMI OVERVIEW SHARE PRICE (25 October 2021) 0.25 ◆ SANTANA MINERALS IS A PRECIOUS METAL EXPLORER, FOCUSING ON THE BENDIGO-OPHIR PROJECT IN NEW ZEALAND SHARES
Slide 4: Bendigo-Ophir Gold Project Overview
BENDIGO-OPHIR GOLD PROJECT OVERVIEW OBJECTIVE & OPPORTUNITY For personal use only ◆ TO IDENTIFY A MULTI-MILLION OUNCE GOLD RESOURCE ◆ MULTIPLE DEPOSITS & PROSPECTS OVER 30 KILOMETRES OVERVIEW ◆ ~90km NW OF WORLD-CLASS MACRAES PROJECT IN OTAGO NEW ZEALAND ◆ 100% OWNERSHIP ACQUIRED IN OCTOBER 2020 ◆ P
Slide 5: Key Outcomes of the 2021 Exploration Program to Date
KEY OUTCOMES OF THE 2021 EXPLORATION PROGRAM TO DATE ACHIEVEMENTS For personal use only ◆ OUR UNDERSTANDING OF THE PROJECT IS EVOLVING PARTICULARLY WITH HIGHER GRADES AND “FREE GOLD” BEING IDENTIFIED AT DEPTH ◆ ~OVER 6,000 METRES OF RC AND DIAMOND DRILLING SINCE NOVEMBER 2020 ◆ GLOBAL GOLD RESOURCES
Slide 6: Northerly Down-Plunge Mineralisation Model the Key
NORTHERLY DOWN-PLUNGE MINERALISATION MODEL THE KEY STRUCTURES & MINERALISATION For personal use only ◆ MINERALISATION MASKED BETWEEN OUTCROP & HISTORICAL WORK SITES ◆ NORTHERLY DOWN-PLUNGE STRUCTURES THE FOCUS OF 2020- 2021 DRILLING ◆ STRIKE AND DIP EXTENTS UNTESTED EXISTING DEPOSITS ◆ COME IN TIME
Slide 7: Bendigo-Ophir RSSZ Targets Under-Explored vs Macraes
BENDIGO-OPHIR RSSZ TARGETS UNDER-EXPLORED vs MACRAES RISE & SHINE HYDE-MACRAES SHEAR ZONE (RSSZ) SHEAR ZONE (HMSZ) For personal use only DRILLHOLE (DH) DRILLHOLE (DH) GOLD GOLD BENDIGO-OPHIR MACRAES 150 DHs (9,500m) >2,300 DHs pre-2020 (>152,000m) pre- 1990 MINE NO DIAMOND DEVELOPMENT DRILLING pre-2
Slide 8: 2021 Inferred Mineral Resource Estimates
2021 INFERRED MINERAL RESOURCE ESTIMATES ◆ DOWN-PLUNGE DRILLING HAS For personal use only RESULTED IN A 155% INCREASE IN GLOBAL RESOURCE AND 25% INCREASE IN GRADE OVER 2019 MRE ◆ SIGNIFICANT POTENTIAL EXISTS TO INCREASE BOTH RESOURCES AND AVERAGE GRADES WITH FURTHER DRILLING * Figures rounded for re
Slide 9: New 2021 Gold Resources - Rapidly Expanding North
NEW 2021 GOLD RESOURCES - RAPIDLY EXPANDING NORTH GLOBAL 643Koz RAS 287Koz @ For personal use only @ 1.0 g/t Au 1.4g/t Au IS A INCLUDING 537Koz 1,500% MOVE @ 1.6g/t Au FROM 2019 18Koz 155% INCREASE RAS INCREASING SINCE NOV 2020 GRADES AND WIDTHS ARE MINERALISATION TRANSFORMING CONCENTRATED IN RSSZ E
Slide 10: RAS Deposit - Resource Grades Increase with Depth
RAS DEPOSIT – RESOURCE GRADES INCREASE WITH DEPTH For personal use only RSSZ DH MDD014 MINERALISATION UP OUTSIDE THE 2021 TO 100 METRES RESOURCE HALO THICK AND DIPPING HAS STRONG GOLD MODERATELY NE MINERALISATION IN UPPER RSSZ STRONG • 22m @ 5.7g/t CONTINUITY OF from 174m SHEAR-CONTROLLED INCLUDING
Slide 11: RAS Down-Plunge Axis - Significant Assays
RAS DOWN-PLUNGE AXIS – SIGNIFICANT ASSAYS NORTH DOWN-PLUNGE For personal use only MDD014 NOT INCLUDED IN MRE UPDATE Assays pending for 135m HIGHER-GRADE COMPOSITES (MU >20m*g/t Au) commonly include 1m assays >15g/t Au DRILLED SHOOT AXIS LENGTH 480 METRES MRC080 to be extended *Aggregate intervals an
Slide 12: RAS Quartz-Sulphide Stockwork Prevalent at Depth
RAS QUARTZ-SULPHIDE STOCKWORK PREVALENT AT DEPTH For personal use only MDD009 209-211m LAMINAR QUARTZ – SULPHIDE STOCKWORK VEIN SWARMS (SVS) WITHIN THE MDD010 133m RSSZ CARRY COARSE HIGHER VISIBLE GOLD GRADES A COMMON SVS FEATURE 12
Slide 13: RAS 3D - Stacked Mineralised Zones Thicken North
RAS 3D - STACKED MINERALISED ZONES THICKEN NORTH For personal use only RAS UPPER DRILLING IN RSSZ ZONE PROGRESS, FIRST SHOWS RSSZ INTERSECTED CONTINUITY IN JAN 2021 AND THICKENING DOWN- PLUNGE 13
Slide 14: CIT Deposit - Open East & Down Plunge
CIT DEPOSIT – OPEN EAST & DOWN PLUNGE For personal use only CIT NEW RESOURCE 86Koz @ 0.8g/t Au DOUBLED DRILLING SINCE NOV 2020 PLANNED TO CLOSE OFF UPPER RSSZ RESOURCE TO MINERALISATION NORTH AND EAST CONCENTRATED IN A NORTHERLY PLUNGING SHOOT 14
Slide 15: SHR Deposit - Open North with Multiple Shoots Possible
SHR DEPOSIT – OPEN NORTH WITH MULTIPLE SHOOTS POSSIBLE For personal use only SHR NORTHERNMOST SHR DRILLHOLE MRC093 NEW RESOURCE INTERSECTED 252Koz @ 0.8g/t STRONG GOLD Au SMALL MINERALISATION IN INCREASE FROM UPPER RSSZ LIMITED DRILLING • 20m @ 2.4g/t SINCE NOV 2020 from 80m INCLUDING UPPER RSSZ • 8
Slide 16: Regulatory Environment - A Clear Pathway to Mining
REGULATORY ENVIRONMENT - A CLEAR PATHWAY TO MINING MINERAL PERMIT / LAND ACCESS / RESOURCE CONSENTS LAND ACCESS For personal use only ◆ COMPREHENSIVE MINING ACCESS CONTRACTS WITH ALL CRITICAL FREEHOLD LANDOWNERS ◆ NO HIGH VALUE SECTION 4 CONSERVATION LAND MINERALS PERMITS (CMA 1991) ◆ CLEAR PATH FRO
Slide 17: Metallurgical Understanding and Outcomes Are Also Improving
METALURGICAL UNDERSTANDING AND For personal use only OUTCOMES ARE ALSO IMPROVING SRE MDD003 CIT MDD001 RAS MDD002 GRAVITY CONC- PETR0GRAPHY- GRAVITY CONC- ALS PanTerra ALS PHOTOS OF COARSE GOLD PARTICLES INDICATIVE GOLD RECOVERIES OF 60 TO 77% WITH • 82 TO 89% FREE MILLING • 7 TO 13% RETAINED IN SUL
Slide 18: The Next Steps
THE NEXT STEPS 2021 For personal use only ◆ CONTINUED DRILL FOCUS ON RAS WITH DOUBLING OF DRILL RATE ◆ FAST TRACK 500 METRE DOWN-PLUNGE EXTENSIONS OF RAS ◆ STRATEGY TO INCREASE GOLD RESOURCES 2022 ◆ 10-20,000 METRES OF DRILLING ◆ EXTEND AND RAISE EXISTING RESOURCES TO AT LEAST INDICATED STATUS ◆ COM
Slide 19: The Opportunity
THE OPPORTUNITY For personal use only • GOLDEN OPPORTUNITY IN OTAGO GOLDFIELDS HOST TO THE WORLD CLASS MACRAES DEPOSIT • HIGH HISTORICAL GOLD ENDOWMENT IN PROJECT AREA INCLUDING THE 180,000 oz BENDIGO REEFS DEPOSIT WHICH PRODUCED GOLD AT GRADES OF 1 TO 6 oz PER TON IN THE LATE 19TH CENTURY • STRONG
Slide 20: Thank You
THANK YOU For personal use only ASX:SMI www.santanaminerals.com Dick Keevers Cameron Peacock Executive Director Investor Relations & Business Development admin@santanaminerals.com cpeacock@santanaminerals.com +61 7 3221 7501 +61 439 908 732 20
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