Santana Minerals Ltd. · ASX:SMI
Santana Minerals — Investor Presentation (March 2025)
19 slides from Santana Minerals's investor presentation, Mar 12, 2025
Slide 1: Building Australasia's newest and lowest cost gold mine
For personal use only Building Australasia's newest and lowest cost gold mine. Bendigo-Ophir Project Corporate Presentation March 2025
Slide 2: Disclaimer
Disclaimer For personal use only Disclaimer Cautionary Statement – Inferred Resources Included in Production Target All information contained in this presentation is of a general nature. Potential investors are cautioned against using the content of this Of the Mineral Resources planned for extracti
Slide 3: The Bendigo-Ophir Story
The Bendigo-Ophir Story For personal use only ▪ A major new gold discovery (Rise & Shine ‘RAS’) ▪ In a region with a rich gold mining history (8 million ounces produced since the 1860s) ▪ NZ has a new Fast-track law to expedite projects of economic significance ▪ The RAS discovery is primed for deve
Slide 4: Project location
Project location For personal use only ▪ 65km from Queenstown ▪ 90km West of OceanaGold’s Macraes mine ▪ Central Otago region of the South island ▪ In the semi-arid Central Otago ▪ Privately owned, freehold sheep farming land, with agreements to mine in place ▪ In mid-elevation, semi-arid, rolling t
Slide 5: The Rise & Shine (RAS)
The Rise & Shine (RAS) Battery Hill • A blind discovery For personal use only • 85,000m+ of Diamond Drilling Rise• & 1.7 Shine kmValley down- plunge and open Shepherds Creek TZ4 Schist • 450m wide TZ3 Schist • High-grade core (150m-200m wide) (30 - 40m thick) Thomson Gorge • BulkFault/Unconformity b
Slide 6: Project resources
Project resources For personal use only Rise and Shine (RAS) RAS 2.08Moz @ 2.4 g/t Au 1.15Moz Probable Ore Reserve Come In Time CIT 59koz @ 1.5 g/t Au Srex SRX 90koz @ 1.0 g/t Au 55koz @ 0.8 g/t Au Indicated Srex-East SRE 42koz @ 1.2 g/t Au 10koz @ 0.8/t Au Indicated Combined Total RSSZ 2.33Moz @ 2.
Slide 7: Rise & Shine (RAS)
Rise & Shine (RAS) For personal use only ▪ A blind discovery ▪ Bulk barren waste pre-strip ▪ 100,000m+ of Diamond Drilling ▪ 450m wide mineralised system ▪ High-grade core (150m-200m wide, 30 - 40m thick) ▪ 1.7 km down-plunge and still open 7
Slide 8: RAS, continuous and open at depth
RAS, continuous and open at depth For personal use only View – Looking South East 8
Slide 9: RAS typical cross sections looking north
RAS typical cross sections looking north For personal use only Cross Section A Cross Section B Cross Section C 9
Slide 10: RAS typical cross sections looking north
RAS typical cross sections looking north For personal use only Cross Section A Cross Section B Cross Section C 10
Slide 11: Conventional CIL processing plant
Conventional CIL processing plant For personal use only Very high recoveries at RAS - 93% High component gravity gold (45%+) Low chemical consumption Rapid leaching THE PFS DESIGN USES SIMPLE CIL TECHNOLOGY TO GENERATE VERY HIGH RECOVERIES 1 Single stage crush 2 SAG milling 3 Gravity circuit 4 CIL 5
Slide 12: Initial PFS outcomes at current gold prices (A$4,550/oz)
Initial PFS outcomes at current gold prices (A$4,550/oz) For personal use only Production profile Initial PFS Outcomes 9.2 years 16.8Mt @ 2.3g/t 1.15Moz of Gold 125koz pa • Robust economics initial mine life ore mined sold average production over ~730koz Inferred resources initial mine life • Except
Slide 13: Blessed with infrastructure
Blessed with infrastructure For personal use only No FIFO Bendigo-Ophir No major camps RAS Gold Project Main road access 66kV Substation 8km from the project Access to fresh water Low cost power State Highway 8 Private farm land EASY ACCESS Borefield Major ESG advantages FRESH WATER Cromwell 8,000 p
Slide 14: An Approved Fast-track Project
An Approved Fast-track Project For personal use only The Fast Track Approvals Bill – establishes a fast track approvals regime for projects of regional and national significance. A one-stop-shop review process covering all relevant Acts within 6 months Officially Bill becomes Submit named in the PER
Slide 15: Advances post 2024 PFS
Advances post 2024 PFS For personal use only Refined RAS Eastern Margin Revised Ore Model Defined High-Grade Core (HG1) to enable improved, staged mining 919koz @ 4.5g/t - Indicated 157koz @ 5.5g/t - Inferred Outside HG1 Indicated - 619koz @ 1.5g/t Outside HG1 Inferred - 385koz @ 1.9g/t *ASX Release
Slide 16: Refining the initial PFS
Refining the initial PFS For personal use only • High-grade domain alone can drive the initial pit stages • Defined the minimum amount of strip to be moved to achieve Lowering the sustainable ore production and processing rate capital hurdles • The outcome is a reduced requirement for pre-strip capi
Slide 17: Corporate snapshot
Corporate snapshot For personal use only Board & Management Funded to FID Peter Cook Kim Bunting Capital Structure Non-Exec Chair Non-Exec Director Geo and mine maker Geo who discovered RAS Market A$433 million Capitalisation 722 million FPO shares @ A$0.60/share – March 10, 2025 Damian Spring Emma
Slide 18: Summary
Summary For personal use only ▪ Capable of being in production approximately 5 years from discovery ▪ Capable of being one of the lowest cost, highest margin producers in Australasia ▪ On the runway to approval via the Fast- track law ▪ Substantial upside on all comparative peer metrics 18
Slide 19: Thank you
For personal use only The opportunity is yours… THANK YOU Bendigo-Ophir Project
Santana Minerals — Investor Presentation (March 2025) on 6ix