Santana Minerals Ltd. · ASX:SMI
Santana Minerals — Precious Metals Summit, Beaver Creek 2024
21 slides from Santana Minerals's conference presentation, Sep 10, 2024
Slide 1: Primed for permit and construction
For personal use only Primed for permit and construction Damian Spring, CEO Santana Minerals Limited ASX:SMI NZX:SMI Precious Metals Summit, Beaver Creek, September 2024
Slide 2: Disclaimer
Disclaimer For personal use only Disclaimer Previous Disclosure - 2012 JORC Code 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: Central Otago, South Island, New Zealand
Central Otago, South Island, New Zealand For personal use only
Slide 4: Project Location
Project Location For personal use only • One hour east of Queenstown • Central Otago region of the South island • 90km West of OceanaGold’s Macraes gold mine • 15min drive from Cromwell with 8,000 people • In the semi-arid Central Otago • Private farmland, with agreements to mine in place
Slide 5: Bendigo-Ophir (BOGP) Gold Project
Bendigo-Ophir (BOGP) Gold Project For personal use only Multiple gold discoveries over five kilometres of strike Rise and Shine RAS 2,217koz @ 2.3g/t Au Incl Indicated of 1,445koz @ 2.4g/t Au Come In Time CIT 59koz @ 1.5 g/t Au Srex SRX 174koz @ 1.1 g/t Au Srex-East SRE 11koz @ 1.3 g/t Au Combined T
Slide 6: The Rise & Shine (RAS)
The Rise & Shine (RAS) For personal use only • A blind discovery • 85,000m+ of Diamond Drilling • 1.7 km down- plunge and open 1.7km • 450m wide • High-grade core (150m-200m wide) (30 - 40m thick) • Bulk barren waste pre-strip
Slide 7: The Rise & Shine (RAS)
The Rise & Shine (RAS) For personal use only 5
Slide 8: The Rise & Shine (RAS)
The Rise & Shine (RAS) For personal use only 5
Slide 9: The Rise & Shine (RAS)
The Rise & Shine (RAS) For personal use only 1.7km 5
Slide 10: The Rise & Shine (RAS)
The Rise & Shine (RAS) For personal use only
Slide 11: The Rise & Shine (RAS)
The Rise & Shine (RAS) For personal use only 1.7km 0 5,000 10,000 Ounces per vertical metre Indicated Inferred 5
Slide 12: Thick, continuous, high-grade
Thick, continuous, high-grade Top 20 Continuous Intercepts – Gram Metres For personal use only 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 f
Slide 13: RAS Scoping Study – Initial Physical Outcomes
RAS Scoping Study – Initial Physical Outcomes • Base case US$1,650/oz Looking west For personal use only • Process Plant: CIL 1.5Mtpa Shepherds • Staged Open Pit Creek Rise and • 11.8m3 pre-strip (32Mt) Shine Creek • 8-year pit (12.1Mt @ 2.5g/t) • Post pre-strip Strip ratio 9.8:1 • Underground (uppe
Slide 14: Initial Outcomes – First years
INITIAL OUTCOMES1 – First 10 years For personal use only SPOT GOLD PRICE: USD$2,500/oz AVG. GOLD LIFE OF MINE TOTAL GOLD NET PROFIT AFTER TAX AFTER TAX PRODUCTION/YR (YRS) RECOVERED NPV10 110,000oz 10 1.12Moz US$1.4 BILLION US$0.6 BILLION PRE-PROD & WORKING REVENUE EST. TIME TO EST. TIME TO CAPITAL
Slide 15: A gold developer's dream
A gold developer’s dream For personal use only No FIFO Bendigo-Ophir RAS Gold Project No major camps 66kV Substation Main road access 8km from the project Access to fresh water Cheap power State Highway 8 EASY ACCESS Borefield FRESH WATER Cromwell 8,000 people Queenstown International Airport 1hr aw
Slide 16: Low-cost drivers
Low-cost drivers For personal use only Residential Low Strength Hydro Power & Fresh Sealed State Highway Low Reagent Workforce Overlying Waste Rock Water Number 8 Costs • No camps • 20Mpa rock strength • Abundant energy • Within 7km of pit • Low CN consumption • Low powder factor • US$0.08/kWh1 • 20
Slide 17: Fast-track Approvals Bill
Fast-track Approvals Bill For personal use only A bill aimed at fast tracking the approvals processes for Bill expected to be passed projects of economic significance: before year end. • A one-stop shop of over-arching legislation resolving complexity and delays from separate regulatory approvals •
Slide 18: Next Steps
Next Steps For personal use only To Date December Quarter Q1 CY2025 Study Activity Progress Activity Activity Heritage surveys Completed Finish PFS Apply for project consents Socio-economic baseline study Completed Engage financiers 6 months under Fast Track Bill Ecology fieldwork Completed Fast Tra
Slide 19: Thank you
For personal use only Thank you
Slide 20: Appendix 1: Mineral Resource Estimate
Appendix 1: Mineral Resource Estimate For personal use only Deposit Category tonnes (Mt) Au grade Contained February 2023 (g/t) Gold (koz) Indicated 19.1 2.4 1,445 RAS1 Inferred 11.4 2.1 772 RAS Total Indicated and Inferred 30.6 2.3 2,217 CIT2 Inferred 1.2 1.5 59 SRX2 Inferred 4.7 1.1 174 SRE2 Infer
Slide 21: Appendix 2: Corporate Snapshot
Appendix 2: Corporate Snapshot Board & Management For personal use only Capital Structure (6th Sep 2024) ASX:SMI NZX:SMI A$401.5 million Market Capitalisation (at A$1.92/share) (US$267.7 million Fully Paid Ordinary Shares 209.1 million Peter Cook Damian Spring Non-Exec Chair CEO & Exec Director Opti
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