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Santana Minerals Ltd. ( (AU:SMI) ) has issued an update.
Santana Minerals Ltd has announced significant results from its infill drilling at the Rise and Shine (RAS) orebody, revealing high-grade gold intercepts that expand the potential for underground mining. The drilling results, including a notable intercept from hole MDD420, indicate the possibility of early, low-strip mining and enhance the potential for stacked repeats, which could positively impact the company’s planned underground mining phase and resource modeling.
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.
Santana Minerals Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. It is listed on the ASX and NZX under the ticker SMI, and its primary focus is on gold mining projects.
Average Trading Volume: 1,480,331
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$419.2M
Learn more about SMI stock on TipRanks’ Stock Analysis page.