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Santana Minerals Ltd. ( (AU:SMI) ) has shared an announcement.
Santana Minerals Ltd. has announced significant progress in its exploration of the Rise and Shine (RAS) deposit, with a new high-grade intercept extending the known mineralization by 250 meters down plunge. This development suggests a potentially larger orebody, which could positively impact the company’s mine-life and future underground mining plans, although further infill drilling is required before mine evaluation.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$1.65 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. operates in the mining industry, focusing on the exploration and development of mineral deposits. The company is primarily involved in the extraction of gold, with a market focus on expanding its reserves and mining operations.
Average Trading Volume: 1,329,706
Technical Sentiment Signal: Buy
Current Market Cap: A$636M
For an in-depth examination of SMI stock, go to TipRanks’ Overview page.