Santana Minerals Ltd. ( (AU:SMI) ) has shared an update.
Santana Minerals Ltd. has announced updates to its Pre-feasibility Study (PFS) for the Bendigo-Ophir Gold Project, emphasizing a refined approach to pit staging at the Rise and Shine (RAS) deposit. The revised strategy aims to reduce the pre-strip volume significantly, lowering the capital burden and enhancing cash flow sustainability. This adjustment is expected to improve the project’s economic viability, especially given the recent rise in the Australian dollar gold price, which strengthens the project’s financial prospects. The company plans to release a comprehensive PFS Update in the coming quarter, which may alter the current mining strategy.
More about Santana Minerals Ltd.
Santana Minerals Ltd. is a company involved in the mining industry, focusing on the exploration and development of gold projects. Its primary market focus is on the Bendigo-Ophir Gold Project (BOGP), where it aims to optimize mining operations and improve resource extraction efficiency.
YTD Price Performance: 19.79%
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Technical Sentiment Signal: Sell
Current Market Cap: A$415.6M
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