Santana Minerals Ltd. · ASX:SMI
Santana Minerals — Shareholder Meeting (November 2024)
18 slides from Santana Minerals's shareholder meeting presentation, Nov 26, 2024
Slide 1: AGM Address and Presentation
Announcement ASX:SMI NZX:SMI 26 November 2024 AGM Address and Presentation Santana Minerals Limited (Santana, ASX/NZX: SMI or the Company) advises that the following will be delivered at the Annual General Meeting (AGM) to be held today at 9.00am (AEST) / 12.00pm (NZDT). • Chairman’s Address to Shar
Slide 2: Chairman’s Address
Chairman’s Address Ladies, Gentlemen, it is my pleasure to chair this, my second AGM of the Company having been formally appointed to this position on October 23, 2023. Since the last AGM there have been many changes and events within the Company, I will leave Damian to elaborate on matters in more
Slide 3: Chairman’s Address (continued)
8. We have refined our Scoping Study with a PFS of significantly greater accuracy released on November 15, a week and a bit ago. It re-affirmed the fantastic economic contributions the development of the project can have for our shareholders and indeed, the NZ government and our nearby communities t
Slide 4: Bendigo-Ophir Gold Project – Annual General Meeting
Bendigo-Ophir Gold Project – Annual General Meeting Developing New Zealand's newest and richest gold mine November 2024
Slide 5: Disclaimer
Disclaimer 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 extraction under the PFS produ
Slide 6: Bendigo Ophir Gold Project - Location and Plan
Bendigo Ophir Gold Project - Location and Plan Central Otago, one hour drive from RAS – 1.7km down plunge (and open), 450m Queenstown wide, up to 40m thick 10
Slide 7: Top Continuous Intercepts
Top 20 Continuous Intercepts Thick, continuous, high-grade – Gram Metres 29.3m @ 14.0 g/t from 165.8m` 410 g.m Au MDD054 39.5m @ 5.1 g/t from 167.5m 201 g.m Au MDD330 34.5m @ 10.9 g/t from 269.5m 376 g.m Au MDD215 11.2m @ 17.4 g/t from 193.8m 195 g.m Au MDD016 41.6m @ 8.6 g/t from 164.4m 358 g.m Au
Slide 8: Slide 8
Slide 9: PFS Summary
PFS SUMMARY Based on a spot gold price of A$4,000/oz ROBUST RETURNS HIGH GRADE HIGH MARGIN A$1.06 billion NPV8 (after tax) >3g/t from RAS in early stages >A$1,500/oz margin after-tax 68% IRR (after tax) 2.3g/t on average for project After all costs and full depreciation of <1yr payback (from product
Slide 10: Very high grades in early years enables fast payback
Very high grades in early years enables fast payback Gold Production OP/UG (oz per annum) w/ AISC AUD (primary production years) 200 185 2,500 180 160 129 2,044 119 2,000 129 Production (kOz) 140 152 151 1,709 1,641 1,604 138 AISC $/oz 120 98 1,500 100 1,268 1,287 1,302 1,213 1,130 80 1,000 60 45 40
Slide 11: Open pit mining at Rise & Shine (RAS) and Srex (SRX)
Open pit mining at Rise & Shine (RAS) and Srex (SRX) RAS/SRX gold inventory Mining physicals 8yrs mining 1Moz 13Mt @ 2.36g/t from RAS 1.4Mt @ 0.68g/t from SRX 14.4Mt at 2.2g/t 94% ore feed is Probable Reserve Mining method Mined gold Five stages of cutbacks 982koz Au from RAS 250t class excavators 3
Slide 12: Highly profitable investment case
Highly profitable investment case Revenue per annum A$ millions (main production years) 800 740 700 609 605 600 552 514 515 Strong financials Units Total A$ $ Millions 476 500 393 400 Revenue $ billion 4.6 300 183 EBITDA $ billion 3.1 200 100 Free cash after tax $ billion 1.8 0 Yr1 Yr2 Yr3 Yr4 Yr5 Y
Slide 13: Permitting and timeline to first gold
Permitting and timeline to first gold Timeline subject to permits Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Q4/26 Lodge Application Approvals Approval Detailed engineering Mobilisation Process Plant Earthworks Plant Construction Pioneering Mobilisation Detailed ELF strip & haul roads engineeri
Slide 14: Proposed mine infrastructure and layout
Proposed mine infrastructure and layout Project is located on private free-hold farm land with agreements in place to mine. Allows a smooth pathway to permitting. Maximum footprint shown for illustration Project infrastructure includes purposes only Open pit mine Underground 1.5/2.1Mtpa mine process
Slide 15: RAS is not alone
RAS is not alone hee. 1H Pierce Points ; ‘ (Gold Grades) : : @ >10.0 git Au >5.0 g/t Au 1) >3.0g/tAu >1.5gitAu |: rosgitau st “RINA_Des16 |¢ - . ‘Soll arsenic (As ppm) regions >s00 >180 >to >20 114,000 my.
Slide 16: Moving immediately to detailed construction planning
MOVING IMMEDIATELY TO DETAILED CONSTRUCTION PLANNING Based on a spot gold price of A$4,000/oz ROBUST RETURNS HIGH GRADE HIGH MARGIN A$1.06 billion NPV8 (after tax) >3g/t from RAS in early stages >A$1,500/oz margin after-tax 68% IRR (after tax) 2.3g/t on average for project After all costs and full d
Slide 17: Appendix 1: Mineral Resource Estimate
Appendix 1: Mineral Resource Estimate Deposit Mining method Category Cutoff (Au g/t) tonnes (Mt) Au (g/t) koz Indicated 19.6 2.3 1,452 open pit Inferred 0.25 9.9 2.0 634 Total 29.5 2.2 2,086 Indicated 0 1.9 0 RAS underground Inferred 1.5 2.1 2.2 145 Total 2.1 2.2 145 Indicated 19.6 2.3 1,452 RAS Tot
Slide 18: Appendix 2: Ore Reserve Estimate
Appendix 2: Ore Reserve Estimate Area Proven Probable Total Bendigo-Ophir Mt Au g/t Mt Au g/t Mt Au g/t Au koz Maiden Ore Reserve RAS (open pit) - - 11.9 2.42 11.9 2.43 928 15Mt @ 2.37g/t RAS (Underground) 2.3 3.03 2.3 3.03 223 SRX (open pit) 1.3 0.70 1.3 0.70 30 Total - - 15.5 2.37 15.5 2.37 1,181
Santana Minerals — Shareholder Meeting (November 2024) on 6ix