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
$0.675
+0.1%$665.4M
-337.5x
$-0.002
0.00%
+0.1%
Latest Earnings
Quarterly Activities and Cashflow Reports
28 April 2026
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.
Recent Announcements
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.
Emerging Northern Growth as CIT Mineralisation Mirrors RAS
Santana Minerals Limited reported strong exploration drilling results at its Rise and Shine (RAS) and Come-in-Time (CIT) gold deposits, with key intercepts including 12.0m @ 1.5g/t Au at RAS and 13.9m @ 1.1g/t Au at CIT, confirming a larger mineralized system extending over 2.3km down-plunge and validating the potential for a multi-kilometer gold camp.
Change of Director's Interest Notices
Three directors of Santana Minerals Limited participated in a placement on 8 April 2026: Peter Cook (via Ajava Holdings) acquired 911,111 ordinary shares, Frederick James Leslie Bunting (via Depot Corporation Limited) acquired 222,223 ordinary shares, and Emma Scotney (via Warialda Pty Ltd trust) acquired 200,000 ordinary shares, each at $0.90 per share.
Completion of Tranche 2 Placement
Santana Minerals Limited completed Tranche 2 of its A$130 million placement, issuing 18,930,718 fully paid ordinary shares and raising A$17.04 million (before costs), following shareholder approval on 31 March 2026.
Appendix 2A - Application for quotation of securities
Santana Minerals Limited (SMI) applied for quotation of 18,930,718 ordinary fully paid shares on the ASX, issued on 8 April 2026 at AUD $0.90 per share as part of a previously announced placement. Following this quotation, the company will have 985,760,563 quoted shares on issue.
Results of General Meeting of Shareholders
Santana Minerals Ltd held a General Meeting on 31 March 2026 where all five resolutions were carried by poll. The resolutions primarily related to the ratification and approval of share issuances under unconditional and conditional placement arrangements, including shares to directors Peter Cook, Kim Bunting, and Emma Scotney. This is a corporate governance announcement with no financial results or earnings data disclosed. Key points: All five resolutions were carried by poll with strong shareholder support; Resolution 1: Ratification of 125,513,727 shares under unconditional placement passed with 96.39% in favour; Resolution 2: Approval to issue up to 17,597,384 shares under conditional placement passed with 99.58% in favour
Komatsu mining fleet secured for project start
Santana Minerals Ltd has secured a NZD$115 million mining fleet from Komatsu for its Bendigo-Ophir Gold Project, including excavators, haul trucks, and support equipment, with a comprehensive 5-year technical support partnership to support project construction pending Fast-track Approval decision in October 2026.
Ceasing to be a substantial holder
DEPOT CORPORATION LIMITED ceased to be a substantial holder.
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