Santana Minerals Ltd. · ASX:SMI
Santana Minerals — Euroz Hartleys Rottnest Conference 2024
22 slides from Santana Minerals's conference presentation, Mar 12, 2024
Slide 1: All Eyes on Rise & Shine
For personal use only All Eyes on Rise & Shine Unveiling NZ’s Newest Major Gold Discovery Euroz Hartleys Rottnest Conference March 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: Company snapshot
Company snapshot Board & Management Corporate For personal use only Peter Cook Craig McPherson Capital Structure Non-Exec Chair CFO & Co-Sec Geo and mine maker Finance and compliance Market A$241 million Capitalisation 177 million FPO shares @ A$1.36/share – Mar 07, 2024 Damian Spring Rod Redden 1 f
Slide 4: 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) RAS 2,216koz @ 2.2g/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 RSSZ 2,445koz @ 2.0 g/t A
Slide 5: BOP – Key points in history
BOP – Key points in history Regional goldfield with over 13Moz produced For personal use only 1860s • 8Moz from the 1860’s gold rush • 5Moz from Macraes Discovery at Bendigo-Ophir 2021 • 40.3m @ 2.05g/t drilled at RAS High grade lens expands 22/23 • 1400 g/t Au with visible gold • MRE updates then i
Slide 6: Blessed with infrastructure
Blessed with infrastructure For personal use only No FIFO No major camps Bendigo-Ophir Main road access RAS Gold Project Access to fresh water Cheap power Lake Dunstan FRESH WATER Cromwell State Highway 8 8,000 people EASY ACCESS LABOUR Queenstown International Airport 1hr away Clyde Dam Hydro Power
Slide 7: The RAS discovery
The RAS discovery • For personal use only Shallow dipping gold mineralisation traced for >1.7km down plunge and up to 500m beneath unconforming TZ3 cover. • A simple tabular high grade core of 150m - 200m wide, aggregating to 25m - 30m true- width, averaging 2.2g/t+. • Approximately 50,000m of diamo
Slide 8: RAS schematic long section
RAS schematic long section For personal use only Thick, continuous, high-grade intercepts traced 1.7km down plunge Open pit and underground mining potential 8
Slide 9: Typical cross section to the south
Typical cross section to the south For personal use only Thick, wide, high-grade… • Best intercepts in Cross Section A 41.3m @ 10.8g/t 40.9m @ 4.1g/t 23.6m @ 2.3g/t 9
Slide 10: 200m down plunge to the north
200m down plunge to the north For personal use only …thickness and grade continues • Continued in Cross Section B 28.2m @ 7.2g/t 18.0m @ 8.7g/t 27.1m @ 3.1g/t 10
Slide 11: 200m further down plunge to the north
200m further down plunge to the north For personal use only …continues and is open at depth • Continued in Cross Section C 41.0m @ 2.4g/t 30.4m @ 3.0g/t 41.0m @ 1.5g/t 11
Slide 12: MRE 2024 improves confidence at RAS
MRE 2024 improves confidence at RAS February 2024 MRE Update1 For personal use only RPEEE pit captured 1.3Moz Indicated Insensitive to increase in cut-off grade Feb 2024 RAS - RPEEE Resource analysis by Open Pit at various cut-off grades Category Au Cut-off Grade (g/t) Tonnes (Mt) Au grade (g/t) Con
Slide 13: Long section - MRE 1.3Moz Indicated
Long section - MRE 24 1.3Moz Indicated For personal use only Theoretical UG Mine Theoretical OP Stage 2 13
Slide 14: Site Terrain – Semi-arid, sparse, hidden
Site Terrain – Semi-arid, sparse, hidden Looking south Looking east For personal use only RAS – HG Core Battery Hill Looking north Shepherd’s Creek RAS – HG Core 14
Slide 15: Simple metallurgy
Simple metallurgy Amenable to gravity and CIP For personal use only • RAS is 100% fresh, unoxidized schist rock • Standard gravity-cyanide leach testwork undertaken by ALS on multiple composite samples, overseen by KCAA • Indicative metallurgy shows free milling gold recoverable by gravity followed
Slide 16: Plenty more – CIT, SHR/SHRE, TSD, UTS, BDR, PCK
Plenty more – CIT, SHR/SHRE, TSD, UTS, BDR, PCK For personal use only The historic Bendigo underground mine 180,000oz produced at 1 to 6oz/t avg. grade Arsenic pathfinder anomalies showing primary mineralized structures, yet to be traced under the TZ3 schist unconforming cover (20m year age differen
Slide 17: The year ahead – streams
The year ahead – 2 streams For personal use only Stream 1 Stream 2 Commercialisation of RAS deposit Bendigo – Ophir Project exploration • Completion of Mineral Resource Update • Resource definition drilling at CIT, SHR • Completion of Metallurgical Testwork • Initial drill testing of anomalies • Int
Slide 18: A clear pathway to permitting
A clear pathway to permitting New pro-mining government in place since November 2023 For personal use only Resource Consenting Mineral Access Land Access (Environmental Approval) Principal Act CMA 1991 CMA 1991, OIA 2005 RMA 1991 1 Authority NZ Petroleum and Minerals Private freehold Central Otago D
Slide 19: Fast Track Bill – what it means for RAS
Fast Track Bill – what it means for RAS For personal use only Expert panel to create a ‘one-stop-shop’ decision making process…. www.environment.govt.nz - News 8/3/24 Step 1 Step 2 Step 3 Step 4 Ministers make decision Get selected as a project Receive ‘one-stop-shop’ Expert panel makes based on of
Slide 20: A compelling investment
A compelling investment For personal use only PFS Underway • 1.3Moz of Indicated ounces targeted for inaugural PFS mining study • Full team now in place to advance the project • Project is in a location blessed with infrastructure • New mining-friendly government rigorously pushing Fast-Track permit
Slide 21: Mineral resource estimate (MRE 2024)
Mineral resource estimate (MRE 2024) Deposit Category tonnes (Mt) Au grade (g/t) Contained Gold For personal use only (koz) February 2023 Indicated 17.1 2.4 1,293 RAS1 Inferred 13.7 2.1 923 RAS Total Indicated and Inferred 30.8 2.2 2,216 CIT2 Inferred 1.2 1.5 59 SHR2 Inferred 4.7 1.1 174 SRE2 Inferr
Slide 22: Rise & Shine (RAS)
For personal use only Rise & Shine (RAS) Unveiling NZ’s Newest Major Gold Discovery Bendigo-Ophir Project Euroz Hartleys Rottnest Conference March 2024
Santana Minerals — Euroz Hartleys Rottnest Conference 2024 on 6ix