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Santana Minerals Limited (ASX:SMI)

ALERT: Price-sensitive ASX Announcement for SMI
Current share price for SMI : $0.540 -0.21 (-28%)+
Announcement
Release
3 Nov 2025 8:22AM
Price at Release
$0.750
Full Release
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Summary
Santana Minerals Limited, through its subsidiary Matakanui Gold Limited, has submitted a fast-track approvals application for the Bendigo-Ophir Gold Project in New Zealand under the new Fast-track Approvals Act. The project has been recognized as one of 'Regional and National Significance', thus facilitating an expedited consent process anticipated to conclude by the end of the 2026 financial year. This submission is comprehensive, involving extensive baseline reports and mitigation strategies aimed at surpassing legal and environmental requirements. The project is expected to create 351 high-value jobs, contribute NZ$5.8 billion to GDP, and generate NZ$1.8 billion in government revenue over its 13.8-year lifespan. The CEO of Santana, Damian Spring, highlighted the rigorous nature of the process and the company's commitment to high environmental and social standards. The focus will now shift to ensuring construction readiness and advancing engineering and planning work.
Key Points
  • Fast-track Approvals application submitted for Bendigo-Ophir Gold Project.
  • Project recognized as of 'Regional and National Significance' in New Zealand.
  • Approval process expected to conclude by the end of the 2026 financial year.
  • Comprehensive environmental and social impact reports included in submission.
  • Expected to generate NZ$5.8 billion in GDP and NZ$1.8 billion in government revenue.
  • Creation of 351 direct high-value jobs anticipated.
  • Commitment to environmental and social standards emphasized by CEO.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.