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The latest update is out from Santana Minerals Ltd. ( (AU:SMI) ).
Santana Minerals Ltd. has released a Prefeasibility Study (PFS) for its Bendigo-Ophir Gold Project, indicating a production target that requires an estimated A$277 million in financing. While the company is confident in its assumptions for securing this funding, there is no guarantee of success, and alternative strategies such as divesting revenue streams or selling interests in the project may be considered. The study highlights that 93% of the resources planned for extraction are in the Indicated Resources category, with the remaining 7% in the Inferred Resources category, which carries a lower level of geological confidence.
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. operates in the mining industry, focusing on the exploration and development of precious metal resources. The company is primarily involved in the Bendigo-Ophir Gold Project in New Zealand, aiming to develop one of the country’s newest and richest gold mines.
Average Trading Volume: 1,112,988
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$479.2M
For a thorough assessment of SMI stock, go to TipRanks’ Stock Analysis page.