Santana Minerals reveals key AGM highlights

Santana Minerals (ASX:SMI) has presented its Annual General Meeting address and presentation on November 26, 2024. The company highlighted significant developments including board changes, favorable government policy, and strategic financial initiatives. The Bendigo-Ophir Gold Project in New Zealand is at the forefront, showing robust economic potential.

Santana Minerals' strategic outlook and future plans

Santana Minerals (ASX:SMI) is transitioning from exploration to development with a focus on the Bendigo-Ophir Gold Project in New Zealand. Key developments include board restructuring, a favorable government policy, and a successful capital raising of $30 million. The project is supported by a Scoping Study and a Pre-Feasibility Study, indicating strong economic potential. Future plans involve securing necessary permits, establishing project financing, and developing infrastructure. The company's strategic initiatives aim to enhance shareholder value and acknowledge New Zealand's significant shareholder base.

Executive insights from Santana Minerals

The transition of Santana Minerals from an exploration company to a development and production-focused entity marks a significant milestone for us. The Bendigo-Ophir Gold Project stands as a testament to our strategic direction and commitment to delivering value to our shareholders. With the new board structure, strategic financial initiatives, and favorable government policy, we are well-positioned to advance this promising project.