Santana Minerals Ltd. · ASX:SMI

Santana Minerals — Investor Presentation (February 2022)

21 slides from Santana Minerals's investor presentation, Feb 9, 2022

  1. Slide 1: Bendigo-Ophir 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 (4 February 2022) $0.38 ◆ SANTANA MINERALS IS A PRECIOUS METAL EXPLORER, FOCUSING ON THE BENDIGO-OPHIR PROJECT IN NEW ZEALAND SHARE

  4. Slide 4: Bendigo-Ophir Gold Project Overview

    BENDIGO-OPHIR GOLD PROJECT OVERVIEW OBJECTIVE & OPPORTUNITY For personal use only ◆ TO IDENTIFY 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 OC

  5. Slide 5: Key Outcomes of the 2021 Exploration Program to Date

    KEY OUTCOMES OF THE 2021 EXPLORATION PROGRAM TO DATE ACHIEVEMENTS For personal use only ◆ OUR UNDERSTANDING OF THE PROJECT IS RAPIDLY EVOLVING PARTICULARLY WITH HIGHER GRADES AND “FREE GOLD” BEING IDENTIFIED ◆ ~OVER 10,000 METRES OF RC AND DIAMOND DRILLING COMPLETED SINCE NOVEMBER 2020 ◆ 155% GLOBAL

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

    NORTHERLY DOWN-PLUNGE MINERALISATION MODEL THE KEY STRUCTURES & MINERALISATION For personal use only ◆ POTENTIAL MINERALISATION MASKED BETWEEN OUTCROP & HISTORICAL WORK SITES ◆ NORTHERLY DOWN-PLUNGE STRUCTURES WERE THE FOCUS OF SUCCESSFUL DRILLING IN 2020, 2021 AND NOW CONTINUING IN 2022 ◆ 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 RESULTED IN A 155% INCREASE IN GLOBAL RESOURCE AND 25% INCREASE IN GRADE OVER 2019 MRE ◆ SIGNIFICANT POTENTIAL EXISTS TO INCREASE BOTH RESOURCES AND AVERAGE GRADES WITH FURTHER DRILLING ◆ THIS MRE IS A SNAPSHOT

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

    NEW 2021 GOLD RESOURCES - RAPIDLY EXPANDING NORTH GLOBAL 643Koz RAS 287Koz @ For personal use only @ 1.0 g/t Au 1.4g/t Au IS A INCLUDING 537Koz 1,500% MOVE @ 1.6g/t Au FROM 2019 18Koz 155% INCREASE IN RAS INCREASING SEPTEMBER 2021 GRADES AND NOW WITH WIDTHS ARE SIGNIFICANT RAS EXTENSION TRANSFORMING

  10. Slide 10: New Q4 2021 RAS Extension Extends Metres to the North

    NEW Q4 2021 RAS EXTENSION EXTENDS 420 METRES TO THE NORTH RAS EXTENSION RAS EXTENSION For personal use only DRILLING IS DIMENSIONS PROGRESSIVELY 420(L)*260(W) MOVING NORTH METRE ENVELOPE NORTH OF THE RAS EXTENSION 2021 MRE ENVELOPE IS OPEN NORTH AND EAST LENGTH WEIGHTED WHERE Q1 2022 AVERAGE DRILLIN

  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 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 AND EAST 420(L)*260(W) METRE EXTENSION AVERAGES 30.0 METRES IN THICKNESS @ 2.25 g/t Au (THIS LENGTH WEIGHTED AVERAGE DRILLED GRADE IS HIGHER THAN SHOOT AXIS LENGTH

  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 (assays Au) COARSE pendin

  14. Slide 14: 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 IN RSSZ PROGRESS HANGING- EXTENDS WALL ZONE RSSZ (HWS) FIRST CONTINUITY INTERSECTED DOWN- IN JAN 2021 PLUNGE 14

  15. Slide 15: CIT Deposit – Open East & Down Plunge

    CIT DEPOSIT – OPEN EAST & DOWN PLUNGE For personal use only CIT NEW RESOURCE 86Koz @ 0.8g/t Au DOUBLED DRILLING SINCE NOV 2020 PLANNED IN Q1 & Q2 2022 TO UPPER RSSZ CLOSE OFF MINERALISATION RESOURCE TO CONCENTRATED NORTH AND EAST IN A NORTHERLY PLUNGING SHOOT 15

  16. Slide 16: SHR Deposit – Open North with Multiple Shoots Possible

    SHR DEPOSIT – OPEN NORTH WITH MULTIPLE SHOOTS POSSIBLE For personal use only SHR NORTHERNMOST SHR DRILLHOLE MRC093 NEW RESOURCE INTERSECTED 252Koz @ 0.8g/t STRONG GOLD Au SMALL MINERALISATION IN INCREASE FROM UPPER RSSZ LIMITED DRILLING • 20m @ 2.4g/t SINCE NOV 2020 from 80m INCLUDING UPPER RSSZ • 8

  17. Slide 17: 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

  18. Slide 18: Metallurgical Understanding and Outcomes Are Also Improving

    METALURGICAL UNDERSTANDING AND For personal use only OUTCOMES ARE ALSO IMPROVING SRE MDD003 CIT MDD001 RAS MDD002 GRAVITY CONC- PETR0GRAPHY- GRAVITY CONC- ALS PanTerra ALS PHOTOS OF COARSE GOLD PARTICLES INDICATIVE GOLD RECOVERIES OF 60 TO 77% WITH • 82 TO 89% FREE MILLING • 7 TO 13% RETAINED IN SUL

  19. Slide 19: Recent Activity and the Next Steps

    RECENT ACTIVITY AND THE NEXT STEPS 2021 For personal use only ◆ CONTINUED DRILL FOCUS ON RAS WITH DOUBLING OF DRILL RATE IN Q 4 ◆ FAST TRACKED 500 METRE DOWN-PLUNGE EXTENSIONS OF RAS ◆ INCREASED INFERRED RESOURCE POTENTIAL TO MINIMUM 1 MILLION OUNCES BY YEAR END 2022 ◆ 10-20,000 METRES OF DRILLING ◆

  20. Slide 20: 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 BENDIGO REEFS DEPOSIT WHICH PRODUCED GOLD AT GRADES OF 1 TO 6 oz PER TON IN THE LATE 19TH CENTURY • STRONG

  21. Slide 21: 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 21

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