Santana Minerals Ltd. · ASX:SMI
Santana Minerals — Diggers and Dealers Conference 2024
24 slides from Santana Minerals's conference presentation, Aug 6, 2024
Slide 1: The Silver Fern: Turns to Gold
For personal use only The Silver Fern: Turns to Gold Damian Spring, CEO Santana Minerals Limited ASX:SMI NZX SMI Diggers and Dealers Conference, Kalgoorlie August 2024
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 cautioned The information in this report that relates to Mineral Resources or Ore Reserves is based on information in agains
Slide 3: New Zealand has a new government
NEW Z FALAN HAS A NEW GOVERNMENT D SANTANA SZ,
Slide 4: Largest single discovery of gold in NZ over past years
Largest single discovery of gold in NZ over past 40 years Amongst world-class New Zealand gold operations For personal use only Waihi (TSX:OGC): OGC’s Waihi Gold mine • Commenced at Martha Hill in 1988 with 1Moz at 5.9 g/t 1 Macraes (TSX:OGC): • Commenced at Round Hill in 1990 with 1.8Moz at 1.4g/t
Slide 5: Bendigo-Ophir (BOP) Gold Project
Bendigo-Ophir (BOP) Gold Project Multiple gold discoveries over five kilometres of strike For personal use only Rise and Shine RAS 2,217koz @ 2.3g/t Au Incl Indicated of 1,445koz @ 2.4g/t Au Come In Time CIT 59koz @ 1.5 g/t Au Shreks SHR 174koz @ 1.1 g/t Au Shreks-East SRE 11koz @ 1.3 g/t Au Combine
Slide 6: Project Location
Project Location For personal use only • One hour east of Queenstown • Central Otago region of the South island • 90km West of OceanaGold’s Macraes gold mine • 15min drive from Cromwell with 8,000 people • In the semi-arid Central Otago • Private farmland, with agreements to mine in place 6
Slide 7: For personal use only
For personal use only 7
Slide 8: The Bendigo-Ophir Gold Project – Simplified History
The Bendigo-Ophir Gold Project – Simplified History 1860’s gold rush. For personal use only Coincident gold and arsenic soil anomalies exposed. MDD007 April 2021 - MDD007 changes the 40.3m @ 2.05 g/t in TZ4 schists game. under 120m of TZ3 cover rock July 2022 drilling expands to 1.68 Moz (27.2 Mt @
Slide 9: The Bendigo-Ophir Gold Project – Simplified History
The Bendigo-Ophir Gold Project – Simplified History 1860’s gold rush. For personal use only Coincident gold and arsenic soil anomalies exposed. MDD007 April 2021 - MDD007 changes the 40.3m @ 2.05 g/t in TZ4 schists game. under 120m of TZ3 cover rock July 2022 drilling expands to 1.68 Moz (27.2 Mt @
Slide 10: The Rise & Shine (RAS)
The Rise & Shine (RAS) • A blind discovery For personal use only • 85,000m+ of Diamond Drilling • 1.7 km down- plunge and open 1.7km • 450m wide • High-grade core (150m-200m wide) (30 - 40m thick) • Bulk barren waste pre-strip 5
Slide 11: The Rise & Shine (RAS)
The Rise & Shine (RAS) For personal use only 5
Slide 12: The Rise & Shine (RAS)
The Rise & Shine (RAS) For personal use only 5
Slide 13: The Rise & Shine (RAS)
The Rise & Shine (RAS) • A blind discovery For personal use only • 85,000m+ of Diamond Drilling • 1.7 km down- plunge and open 1.7km • 450m wide • High-grade core (150m-200m wide) (30 - 40m thick) • Bulk barren waste pre-strip 5
Slide 14: The Rise & Shine (RAS)
The Rise & Shine (RAS) For personal use only 5
Slide 15: RAS - Scoping Study
RAS - Scoping Study Rise and Shine For personal use only RAS 2,216koz @ 2.2g/t Au Feb-24 RAS 1.3 Million oz Indicated only 17.1 Mt @ 2.4 g/t Au Come In Time CIT 59koz @ 1.5 g/t Au Shreks SHR 174koz @ 1.1 g/t Au Shreks-East SRE 11koz @ 1.3 g/t Au Combined Total BOP 2,462koz @ 2.1 g/t Au* * refer to A
Slide 16: RAS Scoping Study – Initial Physical Outcomes
RAS Scoping Study – Initial Physical Outcomes • Base case US$1,650/oz (A$:US 0.66) or A$2,500/oz. For personal use only • Process Plant: CIL 1.5Mtpa Shepherds Creek • Staged Open Pit • 11.8m3 pre-strip (32Mt) • 8-year pit (12.1Mt @ 2.5g/t) • Post pre-strip Strip ratio 9.8:1 • Underground (upper part
Slide 17: RAS Scoping Study – Initial Physical Outcomes
RAS Scoping Study – Initial Physical Outcomes • Base case US$1,650/oz (A$:US Looking west 0.66) or A$2,500/oz. For personal use only • Process Plant: CIL 1.5Mtpa Shepherds Creek Rise and • Staged Open Pit Shine Creek • 11.8m3 pre-strip (32Mt) • 8-year pit (12.1Mt @ 2.5g/t) • Post pre-strip Strip rat
Slide 18: RAS Scoping Study – Initial Physical Outcomes
RAS Scoping Study – Initial Physical Outcomes • Base case US$1,650/oz (A$:US Looking west 0.66) or A$2,500/oz. For personal use only • Process Plant: CIL 1.5Mtpa Shepherds Creek Rise and • Staged Open Pit Shine Creek • 11.8m3 pre-strip (32Mt) • 8-year pit (12.1Mt @ 2.5g/t) • Post pre-strip Strip rat
Slide 19: RAS Scoping Study – Initial Fiscal Outcomes
RAS Scoping Study – Initial Fiscal Outcomes Key Financial Assumptions Unit Base Case AUD Approx Spot AUD Gold Price Assumed $/oz A$2,500/oz A$ 3,650/oz Benchmarking For personal use only Key Project Metrics 110,000 oz per annum Gold Produced Oz pa ~ 112,000 oz/year Initial Mine Life Years 10 years C
Slide 20: A gold developer's dream
A gold developer’s dream For personal use only No FIFO Bendigo-Ophir RAS Gold Project No major camps 66kV Substation Main road access 8km from the project Access to fresh water Cheap power State Highway 8 EASY ACCESS Borefield FRESH WATER Cromwell 8,000 people Queenstown International Airport 1hr aw
Slide 21: Next Steps
Next Steps For personal use only To Date December Quarter Q1 CY2025 Study Activity Progress Activity Activity Heritage surveys Completed Finish PFS Apply for project consents Socio-economic baseline study Completed Engage financiers 6 months under Fast Track Bill Ecology fieldwork Completed Fast Tra
Slide 22: High-grade core
For personal use only High-grade core 22
Slide 23: Rise and Shine (RAS) Deposit Long Section A-A'
2 c fo) co) Yn =) © c fe) i) — © om — fo) LL T Zz v Rise and Shine (RAS) Deposit Schem: Long Section A-A' East View +/-20m (100g/t top cut applied) Nwose‘Zt0's 600mRL MDD136 24.4m @ 5.1git from 169.6m s00mRL. 1 MDD084 147.1m @ 10.9g/t from 177.9m 450mRL 5,017,350mN__——————— 5,017,400mN 1 \ { MDD329
Slide 24: Thank you
For personal use only Thank you
Santana Minerals — Diggers and Dealers Conference 2024 on 6ix