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Santana Minerals Ltd.
(Sydney:SMI)
Santana Minerals Ltd. (SMI) vs. iShares MSCI Australia ETF (EWA)
Santana Minerals Ltd. Business Overview & Revenue Model
Santana Minerals Ltd. Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -115.87K | -12.66K | -406.00 | -469.00 | -12.08K |
| EBITDA | -2.91M | -4.71M | -2.54M | -6.84M | -990.69K | -1.21M |
| Net Income | -1.31M | -1.69M | -2.59M | -6.87M | -1.04M | -6.35M |
Balance Sheet | ||||||
| Total Assets | 163.27M | 106.40M | 69.78M | 39.99M | 19.92M | 17.14M |
| Cash, Cash Equivalents and Short-Term Investments | 89.98M | 50.45M | 33.07M | 17.21M | 2.45M | 3.93M |
| Total Debt | 371.43K | 199.19K | 52.85K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 5.18M | 3.80M | 1.93M | 987.04K | 642.62K | 391.31K |
| Stockholders Equity | 158.10M | 102.60M | 67.85M | 39.00M | 19.28M | 16.75M |
Cash Flow | ||||||
| Free Cash Flow | -1.60M | -18.99M | -15.21M | -10.74K | -5.19K | -3.93M |
| Operating Cash Flow | -1.24M | -2.73M | -1.53M | -1.22K | -1.04K | -1.72M |
| Investing Cash Flow | -28.47M | -16.08M | -13.68M | -9.52K | -4.15M | -2.21M |
| Financing Cash Flow | 89.35M | 36.18M | 31.07M | 25.50M | 3.71M | 7.03M |
Santana Minerals Ltd. Technical Analysis
Santana Minerals Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$851.61M | -204.56 | -1.99% | ― | ― | 42.55% | |
53 Neutral | AU$709.94M | -5.72 | -61.67% | ― | ― | ― | |
52 Neutral | AU$592.17M | 777.78 | 0.41% | ― | ― | ― | |
51 Neutral | AU$417.49M | -146.68 | -6.04% | ― | ― | -76.36% | |
48 Neutral | AU$690.18M | 34.64 | -8.58% | ― | 28.45% | 79.93% | |
42 Neutral | AU$530.53M | -8.35 | -150.61% | ― | ― | -186.15% |
Santana Minerals Ltd. Corporate Events
Santana Minerals Limited has released its half-year report for the period ended December 2025, providing consolidated interim financial statements, directors’ and auditors’ reports, and related notes on its financial position and performance. The disclosure offers stakeholders a comprehensive view of the company’s interim profitability, cash flows, and equity changes, supporting ongoing assessment of its financial health and operational trajectory within the minerals sector.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$0.88 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
S&P Dow Jones Indices has announced its March 2026 quarterly rebalance of the S&P/ASX indices, with changes effective before trading on March 23. The reshuffle affects the composition of the S&P/ASX 20, 50, 100, 200, and 300, reflecting shifts in market capitalisation and liquidity across Australian-listed companies.
Northern Star Resources replaces Santos in the S&P/ASX 20, while Light & Wonder and PLS Group join the S&P/ASX 50 at the expense of Seek and Technology One. Multiple resources, energy transition, and technology-related names move into higher tiers, while several financial, infrastructure, and diversified groups are removed, a reweighting that is likely to influence index-tracking funds, passive investment flows, and the relative visibility of affected stocks on the Australian market.
The S&P/ASX 100 sees Greatland Resources, Regis Resources, and Westgold Resources added, with Lendlease, Netwealth Group, and Pinnacle Investment Management removed. In the broader S&P/ASX 200 and 300, new entrants from mining, rare earths, lithium, medical technology, and infrastructure highlight investor focus on resources and growth sectors, while outgoing constituents may face reduced institutional attention and potential selling pressure from index-linked strategies.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$0.87 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals has called a General Meeting of shareholders for 31 March 2026, to be held in person in Perth, with documentation including the notice of meeting and proxy forms made available online rather than via physical mail. The company is encouraging shareholders on both the ASX and NZX registers to participate either in person or by lodging proxy votes electronically or via other methods ahead of the meeting deadline, underscoring its focus on streamlined, digital-friendly governance and shareholder engagement processes.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$0.92 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals has launched a share purchase plan for eligible Australian and New Zealand shareholders following a A$130 million institutional placement at A$0.90 per share. The plan, targeting up to A$30 million and priced at the same 8.6% discounted level, allows existing investors to acquire up to A$24,948 in new shares without brokerage, with applications open from 27 February to 13 March 2026.
Funds raised from the placement and share purchase plan will be used to accelerate development of the Bendigo Ophir Gold Project, including early civil works, long-lead item procurement, and further exploration of high-priority targets. The capital will also support general working capital and the equity component of construction and pre-strip activities, underpinning Santana’s transition from project development toward gold production.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$0.92 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals has launched a non-renounceable share purchase plan (SPP) offering eligible shareholders in Australia and New Zealand the chance to buy between A$1,000 (or NZ$1,000) and A$24,948 of new shares at A$0.90, the same price as a recent placement to professional investors. The SPP, conducted under ASIC relief and subject to a A$30,000 annual cap per investor (including a 2025 SPP), is designed to let retail holders participate on similar terms to institutional investors and will see new shares issued and begin trading on the NZX on 20 March and the ASX on 23 March 2026, with potential scale-back if demand exceeds limits.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$0.92 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals Limited, dual-listed on the ASX and NZX under the ticker SMI, has completed an unconditional equity placement, issuing 125,513,727 new fully paid ordinary shares to raise approximately A$113 million before costs. The company confirmed it remains compliant with its financial reporting and continuous disclosure obligations under the Corporations Act.
The capital raising strengthens Santana’s balance sheet and provides significant new funding capacity ahead of an additional proposed conditional placement of A$17.04 million and a share purchase plan to be detailed to shareholders shortly. The move underscores strong investor appetite for the stock and positions the company to pursue its near-term corporate and operational objectives while maintaining regulatory transparency.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$0.94 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals Ltd. has applied for quotation on the ASX of 125,513,727 new ordinary fully paid shares, with an issue date of 24 February 2026. The move significantly increases the company’s quoted share capital, potentially broadening its investor base and enhancing liquidity in its stock, which may support future funding flexibility and market presence.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$0.94 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals has received waivers from key ASX Listing Rules to proceed with its latest share purchase plan without seeking shareholder approval, despite having conducted a similar plan in September 2025. The current offer, open to eligible shareholders in Australia and New Zealand and targeting up to A$30 million, allows participation of directors and up to 211,643,092 new shares, provided strict pricing and issuance limits are met to avoid diluting placement capacity.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$0.94 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals has updated its proposed securities purchase plan, lifting the offer size to $30 million, with the final amount remaining at the company’s discretion as detailed in the forthcoming offer booklet. The revision follows the grant of an ASX waiver, allowing the company additional flexibility in structuring the capital raise, which may influence its funding capacity and balance sheet strength ahead of future exploration or development spending.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$0.94 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals has outlined a new exploration target at its Rise & Shine gold deposit, underpinned by recent step-out drilling that extends the mineralised envelope from 1.7km to 2.15km down plunge. The new target, situated north of the existing resource, reflects the tabular geometry and strong continuity of RAS mineralisation, particularly within thickened zones of silicified breccia that host high-grade gold.
The company estimates a conceptual range of 3.6Mt at 1.9 g/t gold to 7.7Mt at 2.8 g/t gold, potentially adding 0.52Moz to 1.48Moz beyond the current 2.08Moz resource at RAS. While still too early to classify as a mineral resource or feed into mine plans and economics, the target supports management’s view that RAS could grow materially to the north, with follow-up drilling planned to test the scale and continuity of this emerging zone.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals has outlined details of its Bendigo-Ophir Gold Project in New Zealand, positioning it as a potential major gold operation with development targeted for 2026. The company’s latest presentation draws on a recently completed prefeasibility study and a series of prior resource and reserve announcements prepared under the JORC 2012 code.
The project’s production model is based predominantly on Indicated Mineral Resources, with a smaller Inferred component that carries lower geological confidence and may not be fully realised. The company estimates it will need about A$277 million in project financing and is considering various funding and strategic options, while warning investors of potential dilution and emphasising that all figures and targets remain subject to change.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals has secured a confirmed decision timetable for its Bendigo-Ophir Gold Project under the Fast-Track Approvals Act, with an Expert Panel formally appointed and a statutory determination deadline set for 29 October 2026. The expanded seven-member panel, covering economic, environmental and extractive industry expertise, will follow a structured, front‑loaded process with key procedural milestones starting from 25 February 2026, providing process certainty and a clear pathway toward potential project development despite a longer-than-hoped approval timeframe.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$2.15 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals has secured a key land access agreement with the Central Otago District Council, resolving long-running negotiations under the Crown Minerals Act and granting access over council roading assets needed for its Bendigo-Ophir Gold Project, pending consent under the Fast-track Approvals Act. The deal includes an indexed NZ$1.25 million annual payment to the council, commencing six months after commercial production, to support infrastructure, environmental initiatives and community benefits, and establishes a framework for any future road closures to follow full legislative processes and alternate routing; management describes the agreement as a material milestone that underpins regulatory certainty, clarifies community benefit sharing and strengthens the project’s social licence and long-term economic value proposition for the region.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals reported strong progress in advancing its Bendigo-Ophir Gold Project toward construction targeted for mid-2026, securing a 30-year mining permit over the Rise & Shine and satellite deposits, completing and gaining acceptance of its fast-track approvals application with New Zealand’s Environmental Protection Authority, consolidating key freehold land, and pushing ahead with early site works, operational readiness, and project finance preparations while maintaining A$85 million in cash and no debt. High-grade drill results at the RAS North Honeypot zone and a major step-out intercept extending mineralisation down plunge, combined with a sharp rise in the gold price that lifts the project’s estimated after-tax NPV6.5 to A$2.77 billion and materially improves returns, underscore the project’s growing scale, economic robustness and strategic significance as one of New Zealand’s most advanced undeveloped gold assets, with implications for accelerated development and enhanced value for stakeholders.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals has issued 1,200,000 fully paid ordinary shares following the exercise of employee share options and has lodged a cleansing notice under section 708A(5) of the Corporations Act to confirm the shares were issued without a prospectus. The company states it is compliant with its continuous disclosure and financial reporting obligations and that there is no excluded information requiring disclosure, ensuring the new shares can be traded freely and signalling orderly governance around its capital management and employee incentive structures.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals Ltd has applied to the ASX for quotation of 1.2 million new ordinary fully paid shares, with an issue date of 14 January 2026. The additional securities, arising from the exercise or conversion of existing instruments, will expand the company’s quoted share capital and may modestly enhance liquidity for investors while reflecting ongoing utilisation of equity-linked incentives or funding arrangements.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals has reported a significant step-out drilling result at its Rise and Shine (RAS) deposit, with hole MDD490 intersecting 38.6 metres at 1.70 grams per tonne gold, including a higher-grade 13.6-metre zone at 2.42 grams per tonne. The hole, located about 135 metres north of previous drilling and roughly 465 metres beyond the area underpinning the current mineral resource estimate, encountered the thickest zone of silicified breccia yet seen at the project and confirms that the mineralised system continues down-plunge to about 2.15 kilometres, indicating potential for substantial extensions to the orebody and a higher-grade core of interest for underground mining; in parallel, the company has applied for additional exploration tenure north of its existing permit, underscoring the potential to increase scale and extend the life of the planned mining operation.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$0.94 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals has announced a change in the ownership structure of its director Samuel Smith’s interests. Smith exercised his unlisted options, resulting in the acquisition of 1,200,000 fully paid ordinary shares worth $375,000, while relinquishing 1,200,000 unlisted options. The adjustment underscores Santana Minerals’ commitment to aligning leadership interests with the company’s equity, reflecting positively on its governance practices.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$1.15 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals Ltd has issued 1,200,000 fully paid ordinary shares following the exercise of employee share options, as disclosed in a notice submitted under section 708A(5) of the Corporations Act. This update indicates compliance with relevant regulatory provisions, enhancing shareholder trust and signaling the company’s commitment to transparent operations.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$1.15 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
Santana Minerals Ltd., a publicly listed entity on the ASX, has announced the issuance of 1,200,000 fully paid ordinary shares, which were quoted on December 16, 2025, as part of the exercise of options or conversion of convertible securities. This development underscores the company’s commitment to bolstering its capital structure and could enhance its operational capacity and market positioning, providing potential value for stakeholders.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$1.15 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.