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Santana Minerals Limited (ASX:SMI)

ALERT: Price-sensitive ASX Announcement for SMI
Current share price for SMI : $0.430 -0.66 (-60.55%)+
Announcement
Release
2 Feb 2026 7:30AM
Price at Release
$1.090
Full Release
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Summary
Santana Minerals Limited has secured land access arrangements with the Central Otago District Council (CODC) for the Bendigo-Ophir Gold Project, subject to obtaining Fast-track Approvals Act consent. The agreement involves a commitment from Santana to pay CODC an indexed amount of NZD$1.25 million annually for infrastructure and community benefits, starting six months after commercial gold production begins. This agreement is crucial for the project's progress and is expected to provide long-term benefits to the region. It underscores the alignment of regional infrastructure, community outcomes, and economic value with sustainable environmental management.
Key Points
  • CODC endorses Bendigo-Ophir project.
  • Santana Minerals secures land access under the Crown Minerals Act.
  • Agreement includes NZD$1.25 million annual indexed payment to CODC.
  • Payment supports infrastructure, environmental, and community benefits.
  • Future road stopping subject to Public Works Act processes.
  • CEO Damian Spring comments on the milestone significance.
  • Santana's commitment to transparent community benefit framework.
  • Project's advancement depends on Fast-track Approvals Act consent.
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.