Santana Minerals Ltd. · ASX:SMI
Santana Minerals — Merger or Acquisition (September 2020)
37 slides from Santana Minerals's merger presentation, Sep 16, 2020
Slide 1: Investor Presentation
INVESTOR PRESENTATION For personal use only 16 September 2020. Santana Minerals Limited (ASX: SMI) (“Santana” or “Company”) is pleased to enclose a presentation in relation to the recently announced transaction for the acquisition of the Bendigo-Ophir Gold Project in New Zealand. This announcement h
Slide 2: Bendigo-Ophir Gold Project
For personal use only Bendigo-Ophir Gold Project A new opportunity in New Zealand’s Otago Goldfields September 2020
Slide 3: Disclaimer
Disclaimer For personal use only All information contained in this presentation is of a general nature. Potential investors are cautioned against using the content of this presentation, in isolation, for making investment decisions. Best efforts have been made to ensure the accuracy of information c
Slide 4: Bendigo-Ophir Gold Project
Bendigo-Ophir Gold Project ▪ SMI to acquire 100% of the share capital of For personal use only privately held New Zealand entity Matakanui Gold (MGL). ▪ MGL holds the Bendigo-Ophir Gold Project (Exploration Permit 60311) located in the Otago Goldfields. ▪ Located 90km north-west of the Macraes Gold
Slide 5: Acquisition Terms
Acquisition Terms ▪ Acquisition conditional upon shareholder approval and Santana completing: For personal use only o A consolidation of Santana’s existing share capital on a 1-for-70 basis. o A $7.5 million capital raising through the issue of 37,500,000 shares at 20c per share. ▪ Indicative post-c
Slide 6: Bendigo-Ophir – Inferred Mineral Resources
Bendigo-Ophir – Inferred Mineral Resources For personal use only Au g/t Au g/t Contained Oz Au Deposit Class Ox Zone Tonnes Uncut Cut Uncut Cut Shreks Inferred Oxide 810,000 0.6 0.6 16,000 15,000 Transitional 130,000 0.6 0.6 2,000 2,000 Fresh 6,830,000 0.8 0.6 173,000 132,000 Total 7,770,000 0.8 0.6
Slide 7: Mineral Resource - Extensions
Mineral Resource - Extensions For personal use only 43-40K Oz Au 18-13K Oz Au 191-149K Oz Au 6
Slide 8: Bendigo-Ophir – Exploration Potential
Bendigo-Ophir – Exploration Potential Bendigo-Ophir is significantly underexplored by modern exploration techniques… For personal use only ▪ Significant opportunities exist to materially extend the current open pittable resources via: o Drilling untested targets along the known 7km strike length of
Slide 9: Exploration Completed by MGL
Exploration Completed by MGL Santana can also leverage recent exploration activities of MGL which have included: For personal use only ▪ Secured necessary mining and exploration access arrangements; ▪ Compiled historical mining and 30 years of exploration data; ▪ Conducted extensive arsenic soil geo
Slide 10: Significant Exploration Potential
Significant Exploration Potential Numerous untested targets exist along an interpreted 30km of strike For personal use only 9
Slide 11: Geologically and Structurally Similar to Macraes
Geologically and Structurally Similar to Macraes Significantly underexplored compared to the >8M Oz Macraes Gold Mine For personal use only ▪ 140 Drill Holes at the Bendigo-Ophir Project vs. 5,000 at Macraes. Bendigo-Ophir Macraes 10
Slide 12: Geologically and Structurally Similar to Macraes
Geologically and Structurally Similar to Macraes For personal use only ▪ Project shares similar geological and structural features as the Macraes Mine, 90km south-east. ▪ Macraes Mine total ounces >8M oz Au, from previous production and current resources. ▪ Mineralisation at the project (top right)
Slide 13: Shrek Mineral Resource Extensions
Shrek Mineral Resource Extensions For personal use only Shrek Plan Section Mineralisation open to the north-west and south-east 12
Slide 14: Shrek Mineral Resource Extensions
Shrek Mineral Resource Extensions Cross Section For personal use only ▪ Excellent geological and gold mineralisation continuity. ▪ Mineralisation Style very similar to the Macraes Mine. Long Section ▪ Significant results include: o 35m @ 0.63 g/t from 32m (RCB07) o 15m @ 1.02 g/t from 18m (RCB25) o
Slide 15: Strong Arsenic-Gold Affinity Defines Targets
Strong Arsenic-Gold Affinity Defines Targets For personal use only 14
Slide 16: Strong Arsenic-Gold Affinity Defines Targets
Strong Arsenic-Gold Affinity Defines Targets For personal use only No drilling completed on any of these prospects 15
Slide 17: Bendigo Reefs – Potential High-Grade Target
Bendigo Reefs – Potential High-Grade Target For personal use only ▪ Previous production of 177,000 Oz Au. ▪ Mineralisation mined from steeply dipping shoots, 0.15m to 3m wide. ▪ Potential high-grade supplemental feed. 16
Slide 18: Santana – Forward Plan
Santana – Forward Plan For personal use only ▪ Shareholder approval expected to be completed mid-late October 2020. ▪ Capital raising expected to be completed late-October 2020. ▪ Concurrently, ongoing assessment of future exploration activities and identification of drill targets at the Bendigo-Oph
Slide 19: Thank you
Thank you For personal use only For further information, please contact: Shane Pike – Chief Executive Officer Shane.pike@santanaminerals.com +61 417 671 301 Cameron Peacock – Investor Relations & Business Development cpeacock@santanaminerals.com +61 439 908 732 18
Slide 20: Appendix - Previous Disclosure - 2012 JORC Code
Appendix 1 - Previous Disclosure - 2012 JORC Code Information relating to Mineral Resources, Exploration Targets and Exploration Data associated with the Company’s projects in For personal use only this announcement is extracted from the following ASX Announcements: o ASX announcement titled “Additi
Slide 21: Appendix – Reported Drill-Hole Attributes
Appendix 2 – Reported Drill-Hole Attributes For personal use only Hole ID Easting Northing RL Dip Azimuth Intercept H05 1,319,244 5,015,473 798 -90 0 4m @ 3.04 g/t Au from 1m H06 1,319,231 5,015,477 799 -90 0 9m @ 1.58 g/t Au from 1m MCRC015a 1,317,858 5,016,901 705 -90 0 10m @ 0.86 g/t Au from 2m M
Slide 22: Appendix - Cuitaboca, Mexico
Appendix 3 - Cuitaboca, Mexico ▪ Primary Targets For personal use only o Mojardina Prospect o La Plata o La Lupita/La Piedrita ▪ Geological Occurrence o Series of mineralised (silver dominant) parallel vein systems running NW-SE in direction. o Low-intermediate sulphidation style epithermal deposit.
Slide 23: Appendix – Cuitaboca, Mexico
Appendix 3 – Cuitaboca, Mexico ▪ Mojardina RC Drilling For personal use only o 6m @ 100g/t Ag from 118m (MJRC044) and 12m @ 148 g/t Ag from 204m o 32m@104g/t Ag from 98m (MJRC046) including: o 19m @153g/t Ag and 5m @93 g/t Ag from 179m o 12m @ 118g/t Ag from 99m (MJRC047) including: o 6m @183g/t Ag
Slide 24: Appendix - Sayabouly Project, Laos
Appendix 3 - Sayabouly Project, Laos ▪ Phu Lon – Nickel, Platinum, Cobalt and Chromium For personal use only mineralisation within ultramafic intrusion o Significant high-grade trenching results included: ▪ 975m @ 0.51% Ni (Including 42m @ 1.02% Ni) ▪ 90m @ 0.67% Ni (including 36m 1.01% Ni) ▪ 80m @
Slide 25: Appendix – Sayabouly, Laos
Appendix 3 – Sayabouly, Laos For personal use only ▪ Ore grade trench and RAB drilling results. ▪ Drilling only shallow to date. ▪ Gold mineralisation is intrusive. ▪ Open at depth and along strike with shallow cover. ▪ Intended to be diamond drilled in April before COVID-19 containment measures cur
Slide 26: Appendix - Becker Project - Chile
Appendix 3 - Becker Project - Chile For personal use only ▪ Becker tenements 1-8 granted. Tenements cover 20km2 (2,000 ha) and are inclusive of main Lajuelas and Guindos prospects. ▪ Regional tenements 9-28 (under application) cover 60km2 (6,000 ha). ▪ Located 210 km south of Santiago and 40km north
Slide 27: Appendix - Becker Project, Chile
Appendix 3 - Becker Project, Chile For personal use only ▪ A promising gold prospect with strong follow-up potential: o BDH18-08 o 4m @ 1.3g/t Au (from 2m) plus o 12m @ 8.1g/t Au + 15.3g/t Ag (from 9m) plus o 16m @ 3.5g/t Au (from 25m) o BDH18-09 o 7m @ 2.8g/t Au (from surface) plus o 1m @ 2.63g/t A
Slide 28: Appendix - Cambodia
Appendix 3 - Cambodia For personal use only ▪ Farm-out to Emerald Resources (ASX:EMR). ▪ Two exploration licences covering approximately 409 km² with Emerald earning 60% over 2 years. ▪ Previous drilling has returned highly encouraging gold results. ▪ Licences are located nearby to Emerald’s 100,000
Slide 29: Appendix - Cambodia
Appendix 3 - Cambodia For personal use only ▪ Historic rock chip samples include: o 11.5g/t Au o 9.64g/t Au o 38.3g/t Au o 12.9g/t Au Source: Emerald Resources NL, ASX Announcement, 26th November 2018 28
Slide 30: Rise and Shine Shear Zone (RSSZ) Mineral Resource Estimate
Rise and Shine Shear Zone (RSSZ) Mineral Resource Estimate JORC Code, 2012 Edition – Table 1 For personal use only Section 1 Sampling Techniques and Data Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or • Sampling inclu
Slide 31: For personal use only
have no influence on the grade estimation. Prior to 2005 some of the drilling encountered sample recovery issues. Logging • Whether core and chip samples have been geologically and • Logging of chips has occurred for all drill holes, on paper logs, later For personal use only geotechnically logged t
Slide 32: For personal use only
• Nature of quality control procedures adopted (eg standards, blanks, 2018 drilling, accuracy QAQC samples were not submitted. Field blanks, duplicates, external laboratory checks) and whether acceptable levels of field duplicates and umpire checks were submitted. Field blanks showed accuracy (ie la
Slide 33: For personal use only
were taken. • All drill holes, channels and trenches reference the NZTM map projection and the NZVD2016 vertical datum for RL. For personal use only • Topographic control is excellent with the LiDAR Survey data of 2018. Topographic surveys were generated using 0.5m contours from the LiDAR Survey and
Slide 34: Section Reporting of Exploration Results
Section 2 Reporting of Exploration Results Criteria JORC Code explanation Commentary For personal use only Mineral tenement and • Type, reference name/number, location and ownership The reported exploration results are within Exploration Permit 60311, land tenure status including agreements or mater
Slide 35: For personal use only
mineralisation with apparent NNW, north and north-east trending structures all influencing gold distribution. Mineralisation is generally strongest within the top 20m of the shear zone. Unlike Macraes, the gold mineralisation in the oxide and transition zones is characterised by free For personal us
Slide 36: For personal use only
mineralisation widths reporting of Exploration Results. dip of mineralisation (20-30 degrees) would result in intercept widths and intercept lengths close but not exactly the thickness of mineralisation. • If the geometry of the mineralisation with respect to the drill hole angle is known, its natur
Slide 37: For personal use only
94% (oxide – Come In Time). Further, Leachwell (Bleg) analysis on RC chip samples crushed to minus 6mm returned gold recovery results between 84 -85%. For personal use only Further work • The nature and scale of planned further work (eg tests for Further work includes infill drilling, core drilling
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