Santana Minerals Nears Critical Bendigo-Ophir Gold Project Milestone

Santana Minerals Ltd (ASX:SMI) has reached a critical phase in developing its Bendigo-Ophir Gold Project, with a statutory consent decision expected on October 29, 2026.

The project, located in New Zealand's Central Otago region, boasts a substantial gold resource of 2.337 million ounces and an after-tax net present value (NPV) of A$1.52 billion at a gold price assumption of A$4,950 per ounce.

Santana has strengthened its financial position with a recent A$130 million placement and now holds A$187.7 million in cash.

The company is progressing through the Fast-track Approvals Act process while continuing exploration, funding discussions, and development preparation.