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An update from Santana Minerals Ltd. ( (AU:SMI) ) is now available.
Santana Minerals has outlined details of its Bendigo-Ophir Gold Project in New Zealand, positioning it as a potential major gold operation with development targeted for 2026. The company’s latest presentation draws on a recently completed prefeasibility study and a series of prior resource and reserve announcements prepared under the JORC 2012 code.
The project’s production model is based predominantly on Indicated Mineral Resources, with a smaller Inferred component that carries lower geological confidence and may not be fully realised. The company estimates it will need about A$277 million in project financing and is considering various funding and strategic options, while warning investors of potential dilution and emphasising that all figures and targets remain subject to change.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
More about Santana Minerals Ltd.
Santana Minerals Ltd. is an ASX and NZX-listed gold exploration and development company focused on the Bendigo-Ophir Gold Project in New Zealand. The company is working to advance this project into one of the country’s next major gold operations, targeting development in the second half of this decade and operating under JORC 2012 reporting standards for resources and reserves.
Average Trading Volume: 1,169,441
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$820M
Find detailed analytics on SMI stock on TipRanks’ Stock Analysis page.