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Santana Minerals Limited (ASX:SMI)

ALERT: Price-sensitive ASX Announcement for SMI
Current share price for SMI : $0.465 -0.35 (-42.94%)+
Announcement
Release
4 Dec 2025 8:38AM
Price at Release
$0.815
Full Release
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Summary
Santana Minerals Limited has reported exceptional high-grade drill intercepts at the RAS North Honeypot in the Rise & Shine deposit. Recent drilling in this area has revealed significant extensions to the high-grade core, known as the HG1 domain, with the potential to expand the underground mine life beyond the current plans. A standout result is 8.7m at 30.6g/t Au in hole MDD487, which ranks among the top ten drilled holes at RAS. This extension could add 230 meters to the down-plunge, increasing the current mine design by 60%. These findings, along with additional aggressive step-out drilling intercepts, confirm the continuity and expansion potential of the deposit, highlighting the strength of the geological model and Santana's confidence in extending its mining operations.
Key Points
  • Exceptional high-grade drill intercepts at RAS North Honeypot.
  • Notable drill result is 8.7m at 30.6g/t Au in hole MDD487.
  • Potential for significant underground mine-life extension.
  • HG1 domain extends at least 230 meters beyond current reserve.
  • Increased down-plunge length of RAS system beyond 2km.
  • Step-out drilling extends orebody 190m beyond previous boundaries.
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.