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The latest update is out from Santana Minerals Ltd. ( (AU:SMI) ).
Santana Minerals has secured build slots with Komatsu New Zealand for a NZD$115 million mining fleet to support the start of construction at its Bendigo-Ophir Gold Project, contingent on a fast-track approval decision due in late October 2026. The conventional excavators, 140-tonne haul trucks and ancillary equipment will be supplied under a leasing proposal backed by Komatsu OEM finance, forming the core of the project’s mobile fleet.
Komatsu will also provide a comprehensive long-term support package, including five years of on-site technical support, integrated maintenance and parts services, fleet management and monitoring technologies, and productivity and simulator training. Santana’s CEO said the owner-miner model, residential workforce and strong OEM backing are expected to lower operating costs and enhance reliability, reinforcing the project’s positioning as a stable, cost-efficient gold producer once in operation.
More about Santana Minerals Ltd.
Santana Minerals Ltd is a gold exploration and development company advancing the Bendigo-Ophir Gold Project in New Zealand. The company is pursuing an owner-miner operating model with a residential workforce and grid-connected processing infrastructure, targeting a low-cost, high-performance gold mining operation in the region.
For an in-depth examination of SMI stock, go to TipRanks’ Overview page.