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An update from Santana Minerals Ltd. ( (AU:SMI) ) is now available.
Santana Minerals Ltd. has announced significant assay results from drilling into the northern extensions of the Rise and Shine (RAS) deposit, marking the first such exploration since 2022. These results, which include thick, high-grade zones, are expected to support a future resource categorization upgrade and extend the mine life of the planned underground mining component. The drilling has increased the high-grade domain width by 60 meters northwards and expanded the target area for resource conversion, with further extensional drilling planned. The company also reported on its ongoing drilling activities aimed at defining the limits of the ore system and confirming mineralization orientation for future modeling and estimation.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$1.07 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.
Average Trading Volume: 1,207,531
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$411.9M
See more insights into SMI stock on TipRanks’ Stock Analysis page.