Santana Minerals Ltd. · ASX:SMI
Santana Minerals — AusIMM NZ Branch Conference 2026, Rotorua
21 slides from Santana Minerals's conference presentation, Aug 25, 2026
Slide 1: Fast-tracking New Zealand's Newest Major Gold Project
ASX / NZX: SMI AusIMM N Z BRA N CH CON FEREN CE, ROTORUA AUGUST 2026 For personal use only Fast-tracking New Zealand's Newest Major Gold Project. Bendigo–Ophir Gold Project
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
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 • An emerging high-margin gold producer with low capital hurdle. • Final approval due ~20 January 2027. • Loads of exploration upside. • Well funded and project fi
Slide 4: Four deposits – one ore reserve
Four deposits – one ore reserve For personal use only OPEN Rise and Shine RAS 2.08Moz @ 2.4 g/t Au OPEN 1.21Moz Probable Ore Reserve CIT CIT Come In Time 59koz @ 1.5 g/t Au Srex SRX 145koz @ 0.9 g/t Au RAS 30koz @ 0.7 g/t Au Ore Reserve SRE Srex-East 52koz @ 1.1 g/t Au OPEN RSSZ Combined Total Resou
Slide 5: Long section
Long section For personal use only TZ3 Schist TZ4 Schist 5 OPEN
Slide 6: 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 6
Slide 7: 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 7
Slide 8: 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. ~NZ$650 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 ~
Slide 9: Base case study
Base case study Initial Mine Development For personal use only NZ$3,800/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 NZ$302 million CAPEX 40 20 17.5Mt pre-strip and establishment A$94m - Year Year Year Year
Slide 10: 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 NZ$7,060/oz EBITDA NZ$2,470 M NZ$434 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 NZ$2,100/oz ~1.0x 85% LOM AVERAGE ALL IN COST AV E R AG E A N N UA L P AY B A C
Slide 11: 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
Slide 12: Senior Leadership Team
MINERALS LIMITED al use only = ES oO ® oO © 3 ® ra] = » =) D a 2 (e) South Canterbury raised Mining Engineer Mine Manager For pers Senior Leadership Team 12
Slide 13: Senior Project Team
SANTANA Vi Senior Project Team Katie Barns Metallurgist Australian raised Alistair Snow NZ Citizen lives local Infrastructure Manager Otago Raised Josh Cowan Bade Stretch - Project Manager Soutfiland Balsed Southland Raised Mining Engineer Civil Designer Simon La Monica Cost Controller Wales Raised
Slide 14: Employee ramp up
Employee ramp up For personal use only 500 450 400 350 300 250 Administration Processing 200 Construction 150 100 Mining 50 0 Feb-27 May-27 Aug-27 Nov-27 Feb-28 May-28 Aug-28 Nov-28 14
Slide 15: Career Opportunities
Career Opportunities JOB CATEGORIES School Leavers Trade Trained University Degree For personal use only Mining – Operations Mining – Technical Services Processing Site/Support Services • Supervisors* (training required) • Technicians • Process Operators • Training* • Machine Operators (OP) • Manage
Slide 16: 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
Slide 17: 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 17
Slide 18: 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 NZ$2.5 billion NPV A F T E R - TA X , 6 . 5 % D I S C O U N T R AT E , A
Slide 19: World Gold Panning Championships 2026
World Gold Panning Championships 2026 For personal use only • 25 September to 3 October • Cromwell Racecourse • Principal Sponsor
Slide 20: 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
Slide 21: 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 20
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