Santana Minerals Ltd. · ASX:SMI

Santana Minerals — Investor Presentation (March 2022)

22 slides from Santana Minerals's investor presentation, Mar 31, 2022

  1. Slide 1: Bendigo-Ophir Gold Project – New Zealand

    For personal use only BENDIGO-OPHIR GOLD GOLD BENDIGO-OPHIR PROJECT – NEW ZEALAND PROJECT CIT DRILL CORE MDD001 RAS DRILL CORE MDD002 SRE DRILL CORE MDD003 October 2021 AA Mexican Mexican focused focused silver silverand silver andgold and goldexplorer gold explorer explorer MULTI-MILLION OUNCE GOLD

  2. Slide 2: Forward looking statements and previous disclosure – 2012 JORC Code

    Forward looking statements and previous disclosure-2012 JORC Code Disclaimer Previous Disclosure - 2012 JORC Code For personal use only All information contained in this presentation is of a general nature. Potential investors are The information in this report that relates to Mineral Resources or O

  3. Slide 3: Corporate Snapshot & Capital Snapshot

    CORPORATE SNAPSHOT & CAPITAL SNAPSHOT A STRONG TEAM WITH EXPLORATION, DEVELOPMENT, MINING AND “IN COUNTRY” EXPERIENCE For personal use only ASX:SMI OVERVIEW SHARE PRICE (30 March 2022) $0.55 ◆ SANTANA MINERALS IS A PRECIOUS METAL EXPLORER, FOCUSING ON THE BENDIGO-OPHIR PROJECT IN NEW ZEALAND SHARES

  4. Slide 4: Bendigo-Ophir Gold Project Overview

    BENDIGO-OPHIR GOLD PROJECT OVERVIEW OBJECTIVE & OPPORTUNITY For personal use only ◆ A MULTI-MILLION OUNCE GOLD RESOURCE ◆ MULTIPLE DEPOSITS & PROSPECTS OVER 30 KILOMETRE LINE OF STRIKE OVERVIEW ◆ ~90km NW OF WORLD-CLASS MACRAES PROJECT IN OTAGO NEW ZEALAND ◆ 100% OWNERSHIP ACQUIRED IN OCTOBER 2020 ◆

  5. Slide 5: Key Outcomes of 2021-2022 Exploration to Date

    KEY OUTCOMES OF 2021-2022 EXPLORATION TO DATE ACHIEVEMENTS For personal use only ◆ RAPIDLY EVOLVING UNDERSTANDING OF HIGHER- GRADE ZONES WITHIN NORTHERLY DOWN-PLUNGE STRUCTURES AND “FREE GOLD” IDENTIFICATION ◆ GOLD GRADES INCREASED 25% WITH FURTHER UPSIDE EVIDENT FROM RECENT DRILL ASSAYS ◆ 155% GLOB

  6. Slide 6: Northerly Down-Plunge Mineralisation Model the Key

    NORTHERLY DOWN-PLUNGE MINERALISATION MODEL THE KEY STRUCTURES & MINERALISATION For personal use only ◆ NORTHERLY DOWN-PLUNGE STRUCTURES WERE THE FOCUS OF SUCCESSFUL DRILLING IN 2020, 2021 AND NOW CONTINUING IN 2022 ◆ POTENTIAL MINERALISATION MASKED BETWEEN OUTCROP & HISTORICAL WORK SITES ◆ EXTENSION

  7. Slide 7: Bendigo-Ophir RSSZ Targets Under-Explored vs Macraes

    BENDIGO-OPHIR RSSZ TARGETS UNDER-EXPLORED vs MACRAES RISE & SHINE HYDE-MACRAES SHEAR ZONE (RSSZ) SHEAR ZONE (HMSZ) For personal use only DRILLHOLE (DH) DRILLHOLE (DH) GOLD GOLD BENDIGO-OPHIR MACRAES 150 DHs (9,500m) >2,300 DHs pre-2020 (>152,000m) pre- 1990 MINE NO DIAMOND DEVELOPMENT DRILLING pre-2

  8. Slide 8: 2021 Inferred Mineral Resource Estimates

    2021 INFERRED MINERAL RESOURCE ESTIMATES ◆ DOWN-PLUNGE DRILLING HAS For personal use only INCREASED GLOBAL RESOURCES 155% AND GOLD GRADES 25% OVER 2019 MINERAL RESOURCE ESTIMATE (MRE) ◆ THE NEW SEPTEMBER 2021 MRE UPGRADE INCLUDES DRILLHOLE RESULTS TO JUNE 2021. ◆ SIGNIFICANT POTENTIAL EXISTS TO INCR

  9. Slide 9: New 2021 Gold Resources – Rapidly Expanding North

    NEW 2021 GOLD RESOURCES - RAPIDLY EXPANDING NORTH GLOBAL 643Koz RAS 264Koz @ For personal use only @ 1.0 g/t Au (min 2.0g/t Au IS A 0.25g/t) 1,500% MOVE INCLUDING 537Koz FROM 2019 18Koz @ 1.6g/t Au (min 0.50g/t) RAS INCREASING GRADES AND 155% INCREASE IN WIDTHS ARE SEPTEMBER 2021 TRANSFORMING RSSZ E

  10. Slide 10: RAS Extension Extends Metres to the North

    RAS EXTENSION EXTENDS 420 METRES TO THE NORTH RAS EXTENSION RAS EXTENSION For personal use only DRILLING IS DIMENSIONS PROGRESSIVELY 420(L)*270(W) MOVING NORTH METRE ENVELOPE WITH 3 DD RIGS NORTH OF THE OPERATING FROM 2021 MRE MID-MARCH 2022 LENGTH WEIGHTED RAS EXTENSION AVERAGE ENVELOPE IS THICKNES

  11. Slide 11: RAS Deposit – Resource Grades Increase Down-Plunge

    RAS DEPOSIT – RESOURCE GRADES INCREASE DOWN-PLUNGE For personal use only RSSZ DRILLHOLES MINERALISATION UP DOWN-PLUNGE TO 100 METRES FROM THE 2021 THICK AND DIPPING RESOURCE HALO MODERATELY NE HAVE STRONG THICK GOLD STRONG MINERALISATION CONTINUITY OF IN THE HANGING SHEAR-CONTROLLED WALL SHEAR MINER

  12. Slide 12: RAS Deposit – Resource Open East–West Across Axis

    RAS DEPOSIT – RESOURCE OPEN EAST–WEST ACROSS AXIS For personal use only GOOD REPETITVITY STRONG THICK OF GRADE ACROSS HWS GOLD THE NEW RAS MINERALISATION EXTENSION IMMEDIATELY BELOW THE STRONG REGIONAL LOW CONTINUITY OF ANGLE MULTI-PHASE THOMSONS QUARTZ VEINLETS IN GORGE FAULT SHEAR-CONTROLLED (TGF)

  13. Slide 13: RAS Quartz-Sulphide Stockwork with Visible Gold Prevalent

    RAS QUARTZ-SULPHIDE STOCKWORK WITH VISIBLE GOLD (VG) PREVALENT MDD009 209-211m For personal use only LAMINAR QUARTZ – MDD010 133m SULPHIDE (13.2 g/t Au) STOCKWORK COARSE VEIN VISIBLE GOLD SWARMS (SVS) WITHIN THE RSSZ CARRY HIGHER GRADES MDD021R MDD025R 283m (8.34 g/t 266.6m (51.2 Au) COARSE g/t Au)

  14. Slide 14: RAS New Extension Down-Plunge – Significant Thickness & Grades

    RAS NEW EXTENSION DOWN-PLUNGE – SIGNIFICANT THICKNESS & GRADES NORTH DOWN-PLUNGE For personal use only NEW EXTENSION REMAINS OPEN NORTH , EAST & WEST WITH PRESENT DIMENSIONS OF 420m(L)*270m(W) DRILLED AVERAGE GRADE 3.06g/t Au SHOOT AXIS AND THICKNESS OF 24.3m LENGTH IS 420 (THIS LENGTH WEIGHTED AVER

  15. Slide 15: RAS 3D – Mineralised Zones Now Extend 1,000m Down-Plunge

    RAS 3D - MINERALISED ZONES NOW EXTEND 1,000M DOWN-PLUNGE For personal use only RAS UPPER DRILLING NOW RSSZ ACCELERATING HANGING- FURTHER TO WALL ZONE DEFINE RSSZ (HWS) FIRST GROWING INTERSECTED EXTENT AND 14 MONTHS CONTINUITY AGO IN JAN DOWN- 2021 PLUNGE 15

  16. Slide 16: CIT Deposit – Open East & Down Plunge

    CIT DEPOSIT – OPEN EAST & DOWN PLUNGE For personal use only CIT NEW RESOURCE 64Koz @ 1.6g/t Au (min0.50g/t) DRILLING DOUBLED SINCE PLANNED IN Q1 NOV 2020 & Q2 2022 TO CLOSE OFF UPPER RSSZ RESOURCE TO MINERALISATION NORTH AND EAST CONCENTRATED IN A NORTHERLY PLUNGING SHOOT 16

  17. Slide 17: SHR Deposit – Open North with Multiple Shoots Possible

    SHR DEPOSIT – OPEN NORTH WITH MULTIPLE SHOOTS POSSIBLE SHR For personal use only NEW RESOURCE 195Koz @ 1.3g/t SHR Au (min0.50g/t) NORTHERNMOST SMALL INCREASE DRILLHOLE MRC093 FROM LIMITED INTERSECTED DRILLING SINCE STRONG GOLD NOV 2020 MINERALISATION IN UPPER RSSZ UPPER RSSZ • 20m @ 2.4g/t MINERALIS

  18. Slide 18: Regulatory Environment – A Clear Pathway to Mining

    REGULATORY ENVIRONMENT - A CLEAR PATHWAY TO MINING MINERAL PERMIT / LAND ACCESS / RESOURCE CONSENTS LAND ACCESS For personal use only ◆ COMPREHENSIVE MINING ACCESS CONTRACTS WITH ALL CRITICAL FREEHOLD LANDOWNERS ◆ NO HIGH VALUE SECTION 4 CONSERVATION LAND MINERALS PERMITS (CMA 1991) ◆ CLEAR PATH FRO

  19. Slide 19: Metallurgical Testwork

    METALLURGICAL TESTWORK 89-92% TOTAL RECOVERABLE For personal use only GOLD FROM FOLLOW-ON GRAVITY / LEACH TESTS SRE MDD003 CIT MDD001 RAS MDD002 GRAVITY CONC- PETR0GRAPHY- GRAVITY CONC- ALS PanTerra ALS COARSE FREE GOLD TO 400 MICRONS IN METALLURGICAL GRAVITY CONCENTRATES PHOTOS OF COARSE GOLD PARTI

  20. Slide 20: Recent Activity and the Next Steps

    RECENT ACTIVITY AND THE NEXT STEPS 2022 Q1 & Q2 For personal use only ◆ CONTINUED DRILL FOCUS ON RAS WITH DOUBLING OF DRILL RATE (3*DD RIGS) TO DETERMINE EXTENTS ◆ COMMENCE DOWN-PLUNGE EXTENSION DRILLING AT CIT AND SHR ◆ UPGRADE 2021 RAS MINERAL RESOURCE ESTIMATE (MRE) AND COMMENCE INFILL DRILLING A

  21. Slide 21: The Opportunity

    THE OPPORTUNITY • GOLDEN OPPORTUNITY IN OTAGO GOLDFIELDS HOST TO THE WORLD CLASS MACRAES DEPOSIT For personal use only • HIGH HISTORICAL GOLD ENDOWMENT IN PROJECT AREA INCLUDING THE 180,000 oz @ 1 TO 6 oz GOLD PER TON FROM BENDIGO REEFS WHICH PRODUCED GOLD IN THE LATE 19TH CENTURY • STRONG RESOURCE

  22. Slide 22: Thank You

    THANK YOU For personal use only ASX:SMI www.santanaminerals.com Dick Keevers Cameron Peacock Executive Director Investor Relations & Business Development admin@santanaminerals.com cpeacock@santanaminerals.com +61 7 3221 7501 +61 439 908 732 22

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