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Santana Minerals Limited (ASX:SMI)

ALERT: Price-sensitive ASX Announcement for SMI
Current share price for SMI : $0.555 0.15 (37.04%)+
Announcement
Release
27 Jul 2026 9:42AM
Price at Release
$0.405
Full Release
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Summary
Santana Minerals Limited has announced significant Bonanza Gold Hits from the RAS Stage 1 Area, with initial results from the high-grade core of the Rise and Shine orebody, notably from infill drill hole MDD528 which returned 24.4m at 10.9 g/t Au from 165.7m. Additional sub-parallel zones showed high-grade intercepts, further confirming the potential of a high-grade zone accessible from the open pit. The company's CEO, Damian Spring, highlighted the enhancement of the mining area and the ongoing wait for regulatory mining consents from New Zealand authorities. Further drilling results from holes MDD526 and MDD527 are consistent with previous data, enhancing confidence in the mineralisation continuity and upcoming mining operations.
Key Points
  • Bonanza Gold Hits reported from RAS Stage 1 Area.
  • Infill drill hole MDD528 returned 24.4m at 10.9 g/t Au.
  • Additional high-grade zones confirmed.
  • Awaiting regulatory consents from New Zealand.
  • Consistency with prior drilling results noted in MDD526 and MDD527.
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.