Santana Minerals Ltd. · ASX:SMI
Santana Minerals — Investor Presentation (February 2025)
16 slides from Santana Minerals's investor presentation, Feb 7, 2025
Slide 1: Bendigo-Ophir Project Corporate Presentation February 2025
For personal use only Fortunate to have made the most significant new gold discovery in NZ in decades Rise & Shine prospect in our Bendigo-Ophir project (2.5Moz and growing) NZ open for business with new Fast-track Approvals Law First PFS completed, on track to go from discovery to production in 5 y
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: Corporate snapshot
Corporate snapshot For personal use only Capital Structure Board of Directors Shares 659.5 million Peter Cook (NE Chair) Geo & Min. Econ Market Cap A$330 million Damian Spring (Exec & CEO) Mining Engineer Options ($0.36 b4 28/2/25) 67.3 million Sam Smith (Exec Corp/IR) Mining Engineer Employee incen
Slide 4: RAS, a new discovery
RAS, a new discovery Adjacent to an historical alluvial gold field For personal use only • Over 8 million ounces produced in the 1860’s gold rush with dredging and sluicing • The old timers exposed the mineralisation but couldn’t chase it under cover • Discovery holes under cover on the Rise & Shine
Slide 5: Initial PFS on part of RAS only
Initial PFS on part of RAS only Rise & Shine (RAS) – Current Mineral Resource Estimate For personal use only Indicated: 19.6Mt @ 2.3g/t for 1.452Moz Inferred: 12Mt @ 2.0g/t for 779koz Total RAS MRE: 31.6Mt @ 2.2g/t for 2.23Moz Only the Indicated Resource (circled) was assessed with infill drilling.
Slide 6: Stage PFS outcomes
Stage 1 PFS outcomes For personal use only Stage 1 PFS Key Financial Outcomes Base Case AUD Current Price ….and that’s only half the story! Gold Price A$2,884/oz A$4,550/oz Key Project Metrics Gold Produced 1.15 Million Oz 1.15 Million Oz Financial Measures Base Case AUD Current Price Initial Mine L
Slide 7: RAS, a simple tabular ore system
RAS, a simple tabular ore system For personal use only A blind discovery 100,000m+ of Diamond Drilling 1.7 km down-plunge and open 400m wide High-grade core - 150m-200m wide - 30 - 40m thick - contains 70% of the metal Barren waste overburden 7
Slide 8: RAS typical cross sections
RAS typical cross sections For personal use only Cross Section A Cross Section B Cross Section C 8
Slide 9: Consistent thick high-grade core
Consistent thick high-grade core For personal use only 9
Slide 10: Moderate terrain for open pit mining
Moderate terrain for open pit mining For personal use only TZ4 Schists TZ3 Schists Rise and Shine Fault/Unconformity
Slide 11: Simple metallurgy flowsheet CIL
Simple metallurgy flowsheet CIL For personal use only Five phases of metallurgical testing completed Very high recoveries at RAS of 93% Overall PFS recovery of 92.4% THE PFS DESIGN USES SIMPLE CIL TECHNOLOGY TO GENERATE VERY HIGH RECOVERIES 1 Single stage crush 2 SAG milling 3 Gravity circuit 4 CIL
Slide 12: 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 Cheap power State Highway 8 Private grazing land EASY ACCESS Borefield Landowner agreements FRESH WATER Cromwell 7,000 p
Slide 13: 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 14: Funding – Strategy/Requirements
Funding – Strategy/Requirements For personal use only Combination of debt and equity – a decision for 6-8 months time Currently well funded – expected cash at end of Feb ’25 A$50 million Working Capital Requirement to first Production: • Infrastructure, Services, Land, Set-up (A$83 million) • Proces
Slide 15: Investment opportunity
Investment opportunity For personal use only Australian Listed Peers (ASX) Producers Developers Capricorn Emerald Ora Banda Bellevue Pantoro Genesis Gold Road SANTANA Spartan Predictive De Grey Market Cap A$Bn 3.3 2.9 1.6 1.6 0.8 3.7 2.8 0.34 1.8 0.8 5.0 Net Cash less debt A$Mn 313 233 54 -19 99 222
Slide 16: Thank you
For personal use only THANK YOU Broker Coverage Price Target Canaccord $1.30 Bell Potter $1.07 Euroz Hartleys $0.95 Shaw & Partners $1.14 Blue Ocean Equities $1.25 Argonaut $1.00 Bendigo-Ophir Project Corporate Presentation February 2025
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