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Santana Minerals Ltd. ( (AU:SMI) ) has provided an announcement.
Santana Minerals Ltd. has released a corporate presentation detailing the Bendigo-Ophir Project, which is anticipated to be one of the newest and lowest-cost gold mines in Australasia. The company is seeking financing of approximately A$340 million to achieve the outcomes anticipated in its Prefeasibility Study. While there are reasonable grounds for the assumptions made regarding funding availability, there is no guarantee of securing the necessary financing, which could affect the value of current shares. Additionally, the project includes a mix of Indicated and Inferred Resources, with some uncertainty regarding the realization of production targets.
More about Santana Minerals Ltd.
Santana Minerals Ltd. is a company operating in the mining industry, focusing on the exploration and development of gold resources. The company’s primary project is the Bendigo-Ophir Project, which aims to establish one of Australasia’s newest and lowest-cost gold mines.
YTD Price Performance: 27.08%
Average Trading Volume: 1,111,986
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$440.1M
Find detailed analytics on SMI stock on TipRanks’ Stock Analysis page.