Santana Minerals Ltd. · ASX:SMI
Santana Minerals — Investor Presentation (March 2023)
22 slides from Santana Minerals's investor presentation, Mar 7, 2023
Slide 1: Bendigo-Ophir Project New Zealand
Bendigo-Ophir Project New Zealand A rapidly growing multi-million ounce gold resource in the Central Otago goldfields Euroz Hartleys Rottnest Island Institutional Investor Conference March 2023
Slide 2: Disclaimer
Disclaimer Disclaimer Previous Disclosure - 2012 JORC Code All information contained in this presentation is of a general nature. Potential investors are cautioned The information in this report that relates to Mineral Resources or Ore Reserves is based on information provided in against using the c
Slide 3: Our Vision
OUR VISION Our vision is to develop the Bendigo-Ophir project into a world class, long life, environmentally sustainable mining project that will bring generational employment and prosperity to the Bendigo Region. Bendigo-Ophir Project 3
Slide 4: Executive Summary
Executive Summary Highlights 252km2 land package Ongoing exploration Project development Experienced Board and located on mainly success is rapidly studies underway with the Management team with a freehold land within the adding gold ounces and objective of establishing a track record of mine richly
Slide 5: Bendigo-Ophir Gold Project Overview
Bendigo-Ophir Gold Project Overview ❖ Located in the world-renowned Otago ❖ 100% ownership acquired from Goldfields ~90kms northwest of Matakanui Gold Limited in October 2020 OceanaGold’s Macraes Gold Mine Bendigo-Ophir Gold Project ❖ High historical gold endowment in ❖ Multiple prospects over 30km
Slide 6: Rise and Shine Shear Zone
Rise and Shine Shear Zone Outstanding exploration potential Bendigo-Ophir Project - Current Mineral Resources Four Rise and Shine Shear Zone (RSSZ) deposits: CIT RAS Come In Time Rise and Shine SHR SRE RSSZ mineralisation concentrated in Shreks Shreks-East multiple northward plunging shoots RSSZ ext
Slide 7: Updated Mineral Resource Estimate (MRE)
Updated Minerals Resource Estimate (MRE) February 2023 1M oz 2.91M oz 2.66M oz 300% A$3.50/oz Added in 6 months since Total global resource Current RAS resource Increase in gold grades Approximate cost per July 2022 MRE upgrade across all 4 RSSZ including maiden since project acquisition in discover
Slide 8: RAS
RAS The Jewel in the Crown…so far Rise & Shine (RAS) Deposit 2023 MRE & Drill hole Gold Mu (g*m) ❖ The Rise and Shine (RAS) ❖ RAS is dominated by two deposit is a 450m wide, mineralized domains averaging mineralised zone extending 14m and 11m each. A further 4 down plunge 1,700m and is still domains
Slide 9: RAS Deposit: 3D Section with Six Mineralised Domains
RAS Deposit 3D Section with Six Mineralised Domains Orebody geometry and grade distribution points to early access to high grade ore. 200m Highest oz/vertical metre located within 200m of surface. 250m All +5koz/vertical metre within 250m from surface. Looking Eastwards 9
Slide 10: RAS Deposit: Down-plunge Longitudinal Projection
RAS Deposit Down-plunge Longitudinal Projection Elevation (mRL) 0 5,000 10,000 15,000 Ounces per vertical metre OPEN Looking Eastwards 10
Slide 11: RAS Deposit (View South)
RAS DEPOSIT (View South)
Slide 12: Come In Time (CIT)
Come In Time (CIT) Come-In-Time (CIT) Resource Extension Drilling Gold Metal Units (MU) Potential for further extension ❖ CIT is a located 1.4km NW ❖ Overlying barren waste of RAS and is a 400m rock (TZ3 schist) extends wide, mineralised zone to 120 metres vertical extending down plunge depth in the
Slide 13: Shreks (SHR) and Shreks East (SRE)
Shreks (SHR) and Shreks East (SRE) Potential for further extension Shreks (SHR) & Shreks East (SRE) 2021 Gold Resource & Extension Potential ❖ SHR is located 1.5km SE ❖ SRE is located 0.4km E of of RAS in a 750m wide, SHR first identified in 2019 mineralised zone that as faulted off from the main ou
Slide 14: Strong Support For Project Development from Key Stakeholders
Strong Support For Project Development from Key Stakeholders Government Landowner Community ▪ Local community engagement ▪ Constructive working relationships ▪ Strong support from local landowners continues as exploration is the current for mine development. focus. ▪ NZ Petroleum & Minerals (NZPAM)*
Slide 15: Permitting in NZ – a clear pathway exists
Permitting in NZ – a clear pathway exists Three pillars to commence mining Mineral Access Land Access Resource Consenting Principal Act CMA 1991 CMA 1991, OIA 2005 RMA 1991 1 Entity NZ Petroleum and Minerals Private freehold Central Otago District Council 2 (NZPAM) Crown leasehold - Land (CODC) Info
Slide 16: Permitting in NZ – Next Steps
Permitting in NZ – a clear pathway exists Next Steps Mineral Access Land Access Technical Studies Resource Consenting Application for Mining Agreements in Scoping study Additional baseline studies: Permit place Gap analysis AMD Noise Landscape and Visual Lighting Traffic Socio-economic Iwi Cultural
Slide 17: Recent Mine Permitting in NZ
Recent Mine Permitting in NZ Permitting precedents OceanaGold Corporation (TSX-OGC) Macraes: ❖ Golden Point underground OGC’s Waihi project 2020 Gold mine Permitting is eminently BRL’s Waipuna West achievable in NZ. ❖ Deepdell North stage three open pit 2020 ❖ Frasers West open pit 2020 Bathurst Res
Slide 18: Metallurgy
Metallurgy Amenable to Gravity + CIP • RAS Resource composition ⁃ 99% Fresh, <1% Oxide and Transitional • Standard gravity-cyanide leach testwork undertaken by ALS on multiple composite Sample Sample Source Composite Head Assays Measured Testwork Gold Recovered samples, overseen by KCAA No (Drillhol
Slide 19: The Year Ahead
The Year Ahead Numerous catalysts to drive shareholder value Ongoing Drilling Resource upgrades Project Development Consenting ❖ 36,000m program for 2023 ❖ Revised MRE by mid-2023 ❖ Engineering / consultant groups ❖ Baseline environment studies including increased Indicated under selection underway
Slide 20: Board and Management
Board and Management Norman Seckold Richard Keevers Kim Bunting Chairman Executive Director Non-Executive Director Mr Seckold has spent more than 40 years in the Mr Keevers is an experienced geologist having Mr Bunting is a geologist with ovr 48 years of full-time management of natural resource spen
Slide 21: Corporate Snapshot
Corporate Snapshot Share price performance (November 2020 - February 2023) 1.20 6 Santana Minerals Limited, ASX:SMI Market capitalisation on Project acquisition: $22.8M Share Price $0.815 Equity raised since acquisition: $13.4M Current Market capitalisation: $121.0M 1.00 5 52-week trading range $0.4
Slide 22: ASX:SMI
ASX:SMI Damian Spring General Manager (NZ) dspring@santanaminerals.com +64 21 333943 Cameron Peacock Investor Relations & Business Development cpeacock@santanaminerals.com +61 439 908 732 santanaminerals.com
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