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Santana Minerals Ltd. ( (AU:SMI) ) has issued an announcement.
Santana Minerals’ March-quarter activity centred on advancing the Bendigo-Ophir Gold Project through New Zealand’s Fast-track Approvals regime, securing a 29 October 2026 consent decision date and moving into the formal assessment phase. The company also finalised a Road Access Agreement with the Central Otago District Council, established a CPI-indexed NZ$1.25 million annual community fund, and progressed early site works and power upgrades to position the project for construction immediately after approvals.
Operational readiness advanced with a major Komatsu mining fleet secured via deposits on equipment worth about NZ$120 million, alongside refined productivity and cost modelling, workforce planning that confirmed a strong local labour pool, and ongoing process plant optimisation. On the financial side, Santana completed a two‑tranche A$130 million equity raising plus a A$4.1 million share purchase plan, advanced debt financing after technical and ESG due diligence, and gained entry to the S&P/ASX 300 Index, underscoring its growing market relevance as it targets a 14‑year, 120,000oz‑per‑year gold operation with further resource growth potential at Rise and Shine.
More about Santana Minerals Ltd.
Santana Minerals Ltd is an Australia- and New Zealand-listed gold developer focused on the 100%-owned Bendigo-Ophir Gold Project in Central Otago, New Zealand. The company aims to establish a long-life, high-margin gold operation using a 1.2Mtpa processing plant combining open pit and underground mining, with significant exploration upside across a 390sqkm tenement package.
For an in-depth examination of SMI stock, go to TipRanks’ Overview page.