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Santana Minerals Ltd. ( (AU:SMI) ) has provided an announcement.
Santana Minerals Ltd has been granted a 25-year mining permit by New Zealand Petroleum & Minerals for its Bendigo-Ophir Gold Project, marking a significant step towards the project’s development. This permit allows the company to extract and process gold, with expectations of substantial economic benefits for the region, including job creation and increased royalties for the New Zealand government.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$1.63 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
More about Santana Minerals Ltd.
Santana Minerals Ltd is a company involved in the mining industry, focusing on the exploration and development of gold deposits. Its primary project is the Bendigo-Ophir Gold Project in Central Otago, New Zealand, where it aims to extract and process gold through its wholly-owned subsidiary, Matakanui Gold Ltd.
Average Trading Volume: 1,519,180
Technical Sentiment Signal: Buy
Current Market Cap: A$631.8M
For an in-depth examination of SMI stock, go to TipRanks’ Overview page.