Santana Minerals Ltd. (AU:SMI) has released an update.
Santana Minerals Ltd has achieved a significant milestone by increasing the Indicated Resource category at the Rise and Shine (RAS) deposit to 1.45 million ounces of gold, marking a 152,000-ounce boost from previous estimates. The RAS deposit now comprises over 65% Indicated Resources, propelling the company closer to the Pre-feasibility Study for the project, expected in the December quarter of 2024. CEO Damian Spring expressed optimism about advancing the project to production, highlighting the economic benefits for New Zealand and shareholder value.
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