Santana Minerals Limited

Overview

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.

Performance

The following information was extracted from Santana Minerals Limited annual report, released 1 October 2026:

FY26 was a year of substantial progress for the Bendigo-Ophir Gold Project (BOGP), with Santana advancing the Project across technical studies, permitting, engineering and early development activities.

The year commenced with the release of the Updated Pre-Feasibility Study, which confirmed a Probable Ore Reserve of 15.0 Mt at 2.58 g/t Au for 1.24 Moz and demonstrated the technical and economic basis of the proposed development. Throughout the year, drilling and technical programmes continued to improve confidence in the orebody and support detailed mine planning, engineering and development activities.

Permitting advanced materially during the year. The Project’s substantive application under New Zealand’s Fast-track Approvals Act (FTA) was lodged in October 2025 and subsequently accepted, while the grant of a 30-year Mining Permit represented another major step towards development.

The Company also received Overseas Investment Office approval for the acquisition of 3,680 hectares of freehold land encompassing key areas of the proposed development, providing greater certainty over long-term land access and project execution.

In parallel, the Company progressed detailed engineering and early works across the Project, including site establishment, access, water supply and other critical infrastructure, together with the procurement of key longlead equipment and the Project’s mining fleet.

By year end, the BOGP had advanced materially across its principal development workstreams. With the Ore Reserve established, key technical studies substantially advanced, the Mining Permit secured, Fast-track approvals well progressed, strategic land acquisition approved and early works underway, the Project entered FY27 with a clear pathway towards construction and development.