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An update from Santana Minerals Ltd. ( (AU:SMI) ) is now available.
Santana Minerals Ltd has announced significant progress in its drilling operations at the Rise and Shine (RAS) deposit, with new results extending the high-grade core down plunge. This expansion has the potential to upgrade resources from Inferred to Indicated category, enhancing the company’s resource base. The latest drilling results, including thick high-grade intercepts, suggest a promising opportunity for further resource expansion beyond current mining plans. Additionally, infill drilling at RAS South has revealed high-grade intercepts that may lead to deeper pit designs, indicating potential for stacked lodes outside existing plans. These developments could significantly impact the company’s operations and market position by increasing its resource estimates and future production potential.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$0.80 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 engaged in the mining industry, focusing on the exploration and development of gold deposits. The company is primarily involved in expanding its resource base through drilling activities at its Rise and Shine (RAS) deposit.
Average Trading Volume: 1,133,900
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$586.6M
See more data about SMI stock on TipRanks’ Stock Analysis page.