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Santana Minerals Ltd. ( (AU:SMI) ) has shared an update.
Santana Minerals Limited has announced a binding agreement through its subsidiary, Matakanui Gold Limited, to acquire the Ardgour Station land for NZ$25 million. This acquisition is crucial as it secures development rights for the Bendigo-Ophir Gold Project, nullifies a 1% gross production royalty over key orebody areas, and involves a strategic share-based settlement with the landowners, enhancing stakeholder alignment and project feasibility.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$1.07 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 Limited is a company operating in the mining industry, focusing primarily on gold exploration and development projects. The company is actively involved in the Bendigo-Ophir Gold Project, which is a significant part of its market focus.
Average Trading Volume: 1,402,064
Technical Sentiment Signal: Buy
Current Market Cap: A$386.7M
See more insights into SMI stock on TipRanks’ Stock Analysis page.