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Santana Minerals Ltd. ( (AU:SMI) ) has shared an announcement.
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 optimistic about securing the necessary funding, there is no guarantee of success, and alternative strategies, such as divesting revenue streams or selling interests in the project, are being considered. The PFS highlights that 93% of the planned extraction resources are categorized as Indicated Resources, with the remaining 7% classified as Inferred Resources, which carries a low level of geological confidence.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$1.63 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 precious metals industry, focusing on the exploration and development of gold projects, particularly in New Zealand. The company’s primary market focus is on establishing cornerstone gold projects, with significant efforts directed towards the Bendigo-Ophir project.
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.