Santana Minerals Limited Ordinary Shares
SMI.NZXMaterials
Santana Minerals Limited is a precious metals exploration and development company. Santana Minerals is focused on the exploration and development of gold and precious metals and the investigation of projects involving those activities.
Market Data
$0.515
-0.0%$507.7M
-257.5x
$-0.002
0.00%
-0.2%
Latest Earnings
High-grade gold drill results support early-stage mine plan
7 July 2026
Santana Minerals (ASX/NZX: SMI) reported high-grade gold infill drill results from the Rise and Shine (RAS) deposit in New Zealand, with standout intercepts including 15.5m @ 7.7g/t Au and 4.2m @ 14.5g/t Au from hole MDD504. The results confirm continuity of the high-grade mineralised domain (HG1) in the upper Rise and Shine Shear Zone, and also revealed a potential second stacked high-grade lens below HG1. The company noted permitting and financing are progressing, with advanced financing activities scheduled within three months of Fast-track Approval consents. Key points: MDD504 returned a standout intercept of 15.5m @ 7.7g/t Au (true width 12.2m) and an additional high-grade zone of 4.2m @ 14.5g/t Au beneath HG1, significantly higher grade than modelled; MDD524A confirmed HG1 continuity with 7.0m @ 6.4g/t Au (true width 6.6m), reinforcing the tenor of the high-grade mineralised domain; MDD504's sub-HG1 intercept correlates with a comparable result in MDD382 (6.0m @ 11.9g/t Au), suggesting a potential second stacked high-grade lens for future evaluation
Recent Announcements
Retirement of Non-Executive Director
Mr Frederick (Kim) Bunting has retired as a Non-Executive Director of Santana Minerals Ltd effective 20 July 2026 due to age-related health issues at age 78, though he will remain available as a technical advisor. Bunting, the company's largest shareholder with interests in 48.4 million ordinary shares (held via Depot Corporation Limited) and 135,000 performance rights, was instrumental in the Rise and Shine gold discovery at the Bendigo-Ophir Gold Project.
Change of Director's Interest Notice - Cook
Peter Cook, director of Santana Minerals Limited, acquired 1,600,000 ordinary shares on-market on 7-8 July 2026 through his indirect interest in Ajava Holdings Pty Ltd, increasing his shareholding from 9,847,537 to 11,447,537 ordinary shares, valued at $709,264.
Change of Director's Interest Notices
Directors of Santana Minerals Limited made on-market share purchases on 7 July 2026: Damian Spring acquired 18,000 ordinary shares at NZ$0.555 per share (bringing total to 3,361,506 shares), and Samuel Smith acquired 22,173 ordinary shares at $0.455 per share (bringing his total to 443,988 shares, plus 1,200,000 shares held through Wanderlei Industries Family Trust).
High-grade gold drill results support early-stage mine plan
Santana Minerals (ASX/NZX: SMI) reported high-grade gold infill drill results from the Rise and Shine (RAS) deposit in New Zealand, with standout intercepts including 15.5m @ 7.7g/t Au and 4.2m @ 14.5g/t Au from hole MDD504. The results confirm continuity of the high-grade mineralised domain (HG1) in the upper Rise and Shine Shear Zone, and also revealed a potential second stacked high-grade lens below HG1. The company noted permitting and financing are progressing, with advanced financing activities scheduled within three months of Fast-track Approval consents. Key points: MDD504 returned a standout intercept of 15.5m @ 7.7g/t Au (true width 12.2m) and an additional high-grade zone of 4.2m @ 14.5g/t Au beneath HG1, significantly higher grade than modelled; MDD524A confirmed HG1 continuity with 7.0m @ 6.4g/t Au (true width 6.6m), reinforcing the tenor of the high-grade mineralised domain; MDD504's sub-HG1 intercept correlates with a comparable result in MDD382 (6.0m @ 11.9g/t Au), suggesting a potential second stacked high-grade lens for future evaluation
BOGP - FTA Application to resume processing
Santana Minerals has requested the EPA pause processing of its BOGP Fast-Track Application (FTA) until 17 August 2026 to allow 35 working days to respond to the Expert Panel's Request for Further Information and complete regulatory workshops, with a final decision expected by 17 December 2026.
BOGP - Fast-track Approvals Update
Santana Minerals Limited (ASX:SMI, NZX:SMI) has voluntarily paused its BOGP Fast-track Approvals process to provide additional data and reports to regulators, while remaining within the statutory timeframe; the Expert Panel will issue a formal Request for Further Information that the company will respond to as planned.
BOGP – Fast-track Approvals Update
Santana Minerals reports that its Bendigo-Ophir Gold Project (BOGP) has progressed to the hearing phase under New Zealand's Fast-track Approvals Act, with a statutory decision date of 29 October 2026 unchanged; the company will submit updated management plans and consent conditions by 22 June 2026 following requests from the Expert Panel for further technical refinement.
Update on Freehold Land Consent Approval
Santana Minerals (ASX:SMI, NZX:SMI) clarified that the New Zealand OIO's consent for purchasing 3,680 hectares of freehold land for the Bendigo-Ophir Project requires settlement by the earlier of 30 June 2030 or 12 months after mining commencement consents are granted, correcting a previous announcement that mistakenly referenced a 31 December 2026 deadline.
Consent Granted for Bendigo Gold Project Land Purchase
New Zealand's Overseas Investment Office has granted consent for Santana Minerals' subsidiary Matakanui Land Ltd to purchase 3,680 hectares of freehold land across Bendigo and Ardgour Stations for the Bendigo-Ophir Gold Project, with conditions including full settlement by December 31, 2026, and resource consent by March 31, 2035. The project is expected to involve over NZ$500 million in capital investment, create approximately 350 full-time jobs, and achieve first gold production in early 2028.
Quarterly Activities and Cashflow Reports
Santana Minerals reported a strong Q3 FY2026 quarter dominated by pre-production and consenting milestones for the Bendigo-Ophir Gold Project (BOGP) in New Zealand, with the FTA consent decision date confirmed for 29 October 2026. The Company completed a A$130M two-tranche placement plus A$4.1M SPP, ending the quarter with A$187.7M in cash, providing sufficient runway (~13 quarters) ahead of a predominantly debt-funded development. Exploration drilling at Rise and Shine extended mineralisation to over 2.15km along strike with a new Exploration Target of 0.52–1.48 million ounces, underpinning significant resource growth potential. Key points: FTA consent decision date of 29 October 2026 confirmed, providing clear regulatory timeline for construction commencement on 1 November 2026.; A$130M institutional placement plus A$4.1M SPP completed at A$0.90/share, resulting in a quarter-end cash balance of A$187.7M (~13 quarters of funding at current spend rates).; Core Komatsu mining fleet secured with ~NZ$7M deposit paid, locking in build slots for PC3400/PC2000 excavators and HD1500 haul trucks with indicative capital value of ~NZ$120M.
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