Santana Minerals Ltd. (AU:SMI) has released an update.
Santana Minerals Ltd announces promising outcomes from its initial Scoping Study for the Rise and Shine (RAS) gold deposit, part of the Bendigo-Ophir Gold Project in New Zealand. The study, which is not yet a feasibility analysis, indicates a potential mine life of 10 years with an estimated 1.12 million ounces of gold produced. The financial projections, while preliminary, suggest robust economics with a range of financial outcomes based on varying gold prices and exchange rates, but the company cautions that these are not guaranteed and further detailed studies are required.
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