Santana Minerals gains legislative support

Santana Minerals (ASX:SMI) has welcomed a significant legislative development in New Zealand. The Fast-track Approvals Bill, passed on December 17, 2024, streamlines approvals for major projects like Santana's Bendigo-Ophir Gold Project. Applications can begin February 7, 2025, following Royal Assent.

Future prospects for Santana Minerals

The passage of the Fast-track Approvals Bill is a pivotal step for Santana Minerals, particularly impacting their Bendigo-Ophir Gold Project. The bill aims to minimize bureaucratic hurdles, thus accelerating the project's approval process. Santana plans to swiftly submit their application post-February 7, 2025. The company's ambition is to replicate the economic benefits of the 1860s gold rush, fostering regional growth and job creation. Through this legislative support, Santana envisions sustainable operations that provide long-term advantages for stakeholders, aligning with New Zealand's economic development goals.

Executive insights on fast-track approvals

CEO Damian Spring emphasized the government's commitment to cutting bureaucratic layers that have delayed economic development and project financing. Spring highlighted the potential of the Bendigo-Ophir Gold Project to deliver sustainable and responsible operations with long-term benefits to stakeholders.