Santana Minerals Ltd. · ASX:SMI

Santana Minerals — Diggers and Dealers 2026

20 slides from Santana Minerals's conference presentation, Aug 4, 2026

  1. Slide 1: Building New Zealand's Newest Major Gold Project

    ASX / NZX: SMI DIGGERS AND DEALERS AUGUST 2026 For personal use only Building New Zealand's Newest Major Gold Project. Bendigo–Ophir Gold Project

  2. Slide 2: Disclaimer

    Disclaimer All information contained in this presentation is of a general nature. Potential investors are cautioned against CAUTIONARY STATEMENT — INFERRED RESOURCES Included in Production using the content of this presentation, in isolation, for making investment decisions and should also refer to

  3. Slide 3: Bendigo Ophir Gold Project

    Bendigo Ophir Gold Project For personal use only • A substantial gold discovery on freehold, private land – OIO consent granted May 2026 • An emerging high-margin gold producer with low capital hurdle. • Final approval due 16 December 2026. • Oodles of exploration upside. • Well funded and project f

  4. Slide 4: Four deposits – one ore reserve

    Four deposits – one ore reserve For personal use only OPEN Rise and Shine RAS 2.08Moz @ 2.4 g/t Au OPEN 1.21Moz Probable Ore Reserve CIT CIT Come In Time 59koz @ 1.5 g/t Au Srex SRX 145koz @ 0.9 g/t Au RAS 30koz @ 0.7 g/t Au Ore Reserve SRE Srex-East 52koz @ 1.1 g/t Au OPEN RSSZ Combined Total Resou

  5. Slide 5: The Rise & Shine (RAS) – A blind discovery

    OPEN B’ The Rise & Shine (RAS) For personal use only  A blind discovery HG1  110,000m+ of Diamond Drilling LG1  2.1 km down-plunge and open  Up to 450m wide A RAS  High-grade core A’ (150-200m wide, 30-40m thick) B  Bulk barren waste pre-strip 5

  6. Slide 6: Cross section A-A'

    Cross section A-A’ For personal use only HG1 TZ3 shist LG1 TZ4 shist TZ3 TZ4 6

  7. Slide 7: Long section B-B'

    Long section B-B’ For personal use only TZ3 Schist TZ4 Schist 7 OPEN

  8. Slide 8: Simple development plan – open pit and underground

    Simple development plan – open pit and underground For personal use only Stage 1 Stage 2 Stage 3 Stage 4 Stage 5 Decline Multi-stage Open Pit Approx 1 Moz Underground Mining Down Plunge Resource Extension 8

  9. Slide 9: Freehold land – sheep stations

    Freehold land – sheep stations For personal use only Battery Hill BENDIGO STATION ARDGOUR STATION Rise & Shine Valley Shepherds Creek TZ4 Schist TZ3 Schist Thomson Gorge Fault/Unconformity View – Looking South East 5 9

  10. Slide 10: Corporate Snapshot

    Corporate Snapshot technical capability & financial capacity For personal use only M A R K E T CA P I TA L I S AT I O N BOARD & MANAGEMENT Proven leadership across finance, legal & operations. ~A$465 m Peter Cook Damian Spring E N TE R P R I S E VALUE NON-EXEC CHAIR C E O & E X E C D I R E C TO R ~A

  11. Slide 11: Base case study

    Base case study Initial Mine Development For personal use only A$3,500/oz Ounce Profile at 1.2Mtpa BASE CASE 140 120 Study basis for open pit then underground to feed 1.2 Mtpa plant 100 Production (kOz) 80 A$277 million CAPEX 60 40 17.5Mt pre-strip and establishment A$94m Process plant and TSF A$119

  12. Slide 12: Future initial 120,000oz producer

    Future initial 120,000oz producer For personal use only SPOT GOLD AV E R AG E A N N UA L N P V A F T E R TA X ~A$6,000/oz EBITDA A$2,100 M A$369 M 6.5% DISCOUNT RATE C A S H O P E R AT I N G C O S T E V: E B I TDA IRR A$1,800/oz ~0.7x 85% LOM AVERAGE ALL IN COST AV E R AG E A N N UA L P AY B A C K A

  13. Slide 13: Low-cost infrastructure

    Low-cost infrastructure For personal use only No FIFO Bendigo-Ophir No airstrips Project RAS 66kV Substation Deposit Clean water 8km from the project Low-cost hydro power Skilled residential workforce State Highway 8 EASY ACCESS Borefield FRESH WATER Cromwell 8,000 people Queenstown International Ai

  14. Slide 14: Path to approval and production

    PATH TO APPROVAL AND PRODUCTION For personal use only Advanced permitting process & runway to first gold OCT 25 FEB ‘26 APR ‘26 JUN ‘26 26 JUN ‘26 17 AUG ‘26 27 AUG '26 Substantive Expert s53 Response Expert Application Processing of RFI 11 application Panel filed Hearings paused for Application Res

  15. Slide 15: Early works well advanced

    Early works well advanced For personal use only  New administration and exploration building  HV, LV, potable water and comms  Pipeline from borefield  Access road to administration 15

  16. Slide 16: Project Planning and Readiness

    Project Planning and Readiness For personal use only  Key management in place  Process plant design advancing  Multi-year lease for accommodation  Mining fleet rolling off production line 16

  17. Slide 17: Exploration upside

    For personal use only Exploration upside  30km of strike  Strong soil anomalies at DNS and ORK  Emerging new targets coming from mapping and soil sampling  426 km2 under-explored 17

  18. Slide 18: Summary: Outstanding Investment Opportunity

    Summary Outstanding Investment Opportunity For personal use only Major NZ Gold Discovery S C A L E E S TA B L I S H E D Approval Pathway Set DECISION DEC 2026 Up to 120koz p.a. LOW-COST LONG-LIFE First Gold 2028 NEAR TERM BUILD A$2.1 billion NPV A F T E R - TA X , 6 . 5 % D I S C O U N T R AT E , A

  19. Slide 19: Gold in the ground

    Gold in the ground Mineral Resources Ore Reserves For personal use only Total Mt Au g/t koz 275 The information in this report that relates to this March 2025 RAS Mineral Resource Estimates (MRE) and to the November 2024 SRX Note 1: RAS Open pit cut-off grade 0.5g/t at $US2,000/oz Au price and SRE M

  20. Slide 20: Contact

    For personal use only CEO Damian Spring dspring@santanaminerals.com C O N TA C T Telephone 0800 726 333 community@santanaminerals.com Santanaminerals.com linkedin.com/company/santana-minerals-ltd NZX:ASX SMI 09 20

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