Santana Minerals Ltd. · ASX:SMI
Santana Minerals — Investor Presentation (July 2024)
14 slides from Santana Minerals's investor presentation, Jul 2, 2024
Slide 1: July 2024 Corporate Presentation
ASX: SMI For personal use only A New Zealand (NZ) focused gold explorer and developer. Rise & Shine discovery within the Bendigo-Ophir Project is the most significant single gold discovery in New Zealand in four decades. Bendigo-Ophir Project July, 2024 Corporate Presentation
Slide 2: Disclaimer
Disclaimer 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 Ore Reserves is based on information cautioned against u
Slide 3: Corporate Snapshot (ASX:SMI)
Corporate Snapshot (ASX:SMI) Capital Structure (1st July 2024) Share Price – 12 months For personal use only Fully Paid Ordinary Shares 206.5 million Options (unlisted) A$1.08 on 28 Feb 2025 34.0 million Employee Opt’s & Perf. Rights (various) 5.3 million Net Cash ~A$32m Enterprise Value ($1.02/shar
Slide 4: Project Location
Project Location Central Otago, 15 mins north of Cromwell and 1 hour For personal use only drive from Queenstown. The Central Otago Goldfield - > 8 Moz 1860’s gold rush - > 5 Moz from Macraes last 35 years A community who acknowledge the economic outputs of mining and the lasting social benefits it
Slide 5: Bendigo – Ophir Project
Bendigo – Ophir Project Multiple gold discoveries over 5 Km’s of strike, 20kms still to be explored. For personal use only The historic Bendigo underground mine June ‘24 MRE 180,000oz produced at >1 oz/t recovered. 2.22Moz @ 2.3g/t 1.45Moz Indicated Gold & Arsenic pathfinder anomalies showing primar
Slide 6: The Rise & Shine (RAS) Discovery
The Rise & Shine (RAS) Discovery Missed by the old-timers who mined alluvial and elluvial gold in the nearby creeks in 1860. For personal use only First significant hole MDD007 discovers 40.3m @ 2.05g/t under cover in 2021 – a catalyst for funding and rapid exploration. July 2022 drilling expands th
Slide 7: RAS – simple, tabular, free milling, open down plunge…
RAS – simple, tabular, free milling, open down plunge… For personal use only 6
Slide 8: RAS Scoping Study (economic base case at US$1,650/oz)
RAS Scoping Study (economic base case at US$1,650/oz) Defines a multistage open pit operation and a later For personal use only coincident underground development. An initial 10-year development plan to feed a conventional 1.5 Mtpa CIL process plant: Open Pit: • 8 years of production • 12.1 Mt @ 2.4
Slide 9: RAS Scoping Study – Key Outcomes (April 2024)
RAS Scoping Study – Key Outcomes (April 2024) Key Financial Assumptions Unit Base Case NZD NZD AUD USD Gold Price Assumed $/oz $2,705 $ 3,9002 A$ 3,5452 US $2,3402 For personal use only Exchange Rate US$ US$ 0.61 US $0.60 US $0.66 US $1.00 Key Project Metrics Gold Produced Oz PA ~ 110,000 oz per ann
Slide 10: RAS Scoping Study – Where does that leave us?
RAS Scoping Study – Where does that leave us? High value internationally competitive future For personal use only gold development. Low technical risk, free milling, fast leach. Excellent Upside Opportunity – open and other prospects to be added. High margin, modest capex, quick payback. NPV at mult
Slide 11: Progressing to PFS and Through Mining Approvals
Progressing to PFS and Through Mining Approvals PFS – Due in December Quarter, 2024 For personal use only Bringing more of RAS down-plunge into consideration with infill drilling to upgrade to Indicated Category (another 200,000oz+ into the mix) Adding near surface resources at Come in Time (CIT) an
Slide 12: Location, Location, Location
Location, Location, Location A mine developers dream. For personal use only Blessed with infrastructure. • No FIFO • Local workforce • No major camps • Main road access • Access to fresh water • Cheap power • Services Industry • Schooling/hospitals • Community 11
Slide 13: New Government Changes the Landscape.
New Government Changes the Landscape. Fast Track Bill Introduced For personal use only A bill aimed at fast tracking arduous approvals processes for projects of economic significance: • A one-stop shop of over-arching legislation resolving complexity and delays from separate regulatory approvals • E
Slide 14: Corporate Re-organisations in the Background.
Corporate Re-organisations in the Background. Approaching NZ$4,000/oz Board restructure to bring in appropriate and balanced skills. For personal use only • Only one director from initial team – discoverer, Kim Bunting. • New Directors: Non-exec Chair, Peter Cook CEO to Board as Exec Director, Damia