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Santana Minerals Limited (ASX:SMI)

ALERT: Price-sensitive ASX Announcement for SMI
Current share price for SMI : $0.425 -0.645 (-60.28%)+
Announcement
Release
5 Feb 2026 8:01AM
Price at Release
$1.070
Full Release
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Summary
Santana Minerals Limited announced a significant milestone in the Fast-Track Approvals Act process for their Bendigo-Ophir Gold Project. A formal Minute issued by the Panel Convener on February 4, 2026, confirmed the composition of the Expert Panel and set a statutory timeframe of 140 working days for the project’s consent, with a decision expected by October 29, 2026. The process is designed to be efficient and outcome-focused, allowing the Expert Panel to regulate its procedures to ensure a timely and fair decision-making process. Key procedural milestones include the Panel's commencement on February 25, 2026, participant comments due by April 10, 2026, and applicant response by April 17, 2026. The Expert Panel consists of seven members with diverse expertise. CEO Damian Spring expressed gratitude for the structured process, which supports the consenting of this nationally significant project.
Key Points
  • Panel Convener confirmed a 140 working-day timeframe for decision.
  • Decision due by October 29, 2026.
  • Process aims for efficiency and outcome focus.
  • Panel commencement date is February 25, 2026.
  • Participant comments due by April 10, 2026.
  • Applicant response due by April 17, 2026.
  • Appointment of a seven-member Expert Panel.
  • CEO appreciates the structured and diligent process.
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.