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16 stories mentioning ASX:SMIUpdated 1d ago

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Asia

Santana Minerals Ends Fourth Quarter With AU$188 Million Net Cash Position

Santana Minerals (ASX:SMI) closed the fourth quarter with an estimated net cash position of AU$188 million to advance the Bendigo-Ophir gold project toward a development decision, according to a Wednesday Australia and New Zealand bourse filing.The company said the application for consent to develop the Bendigo-Ophir gold project continued to progress over the quarter, while the company completed the second tranche of its AU$130 million equity placement to sophisticated and institutional investors, with exploration aimed at extending the potential life of the Rise and Shine deposit remaining ongoing.The company's shares fell 2% in recent Wednesday trade.

ASX:SMINZE:SMI
Asia

NZX Midday Sector Update: Non-Energy Minerals Soar, Electronic Technology Decline

Non-energy mineral stocks gained the most on New Zealand's Exchange, rising past 1% at midday Monday.Santana Minerals (NZE:SMI, ASX:SMI) saw the sharpest increase in the sector, gaining almost 2% in recent trade.The company on Monday said it brought forward the date of the submission of final consent conditions to Aug. 28 in relation to its Fast Track Application for the Bendigo-Ophir gold project in New Zealand.Meanwhile, the electronic technology sector fell past 1%.ikeGPS Group (NZE:IKE, ASX:IKE) shares fell more than 1% in recent trade.

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Asia

Santana Minerals Brings Forward Submission Date of Final Consent Conditions for New Zealand Gold Project's Fast Track Application, Shares Up 5%

Santana Minerals (ASX:SMI, NZE:SMI) said it brought forward the date of the submission of final consent conditions to Aug. 28 in relation to its Fast Track Application for the Bendigo-Ophir gold project in New Zealand, according to Monday filings with the Australian and New Zealand bourses.The expert panel assessing its application had suggested that the firm extend the resumption date to align with the supply of the fully workshopped consent conditions by the applicant.The firm said it would not be seeking any further pause to the application.Its shares jumped 5% in recent trading on the Australian bourse and 3% on the New Zealand one.

ASX:SMINZE:SMI
Asia

Santana Minerals Identifies Further High-Grade Gold Mineralization at New Zealand Project, Shares Up 5%

Santana Minerals (ASX:SMI) identified further high-grade gold mineralization at the Rise and Shine deposit of its Bendigo-Ophir gold project in New Zealand, according to Monday filings with the Australian and New Zealand bourses.The results were up to 24.4 meters at 10.9 grams per tonne gold from 165.7 meters, with a true width of 20.2 meters, the filing added.Santana's ASX shares rose 5% in recent Monday trade, while its New Zealand shares rose 3%.

ASX:SMINZE:SMI
Asia

New Zealand Shares Rise; Scott Technology Appoints Interim Co-CFOs

New Zealand shares rose on Friday as Asian markets saw a broad-based rally after US jobs data.The S&P/NZX 50 Index rose 0.27% or 36.23 points to close at 13,618.42.On Thursday, the Dow Jones added 1.1% while the Nasdaq Composite fell 0.8% and the S&P 500 closed flat.US markets will be closed on Friday in observance of the country's 250th Independence Day holiday, which falls on a Saturday this year.The US economy added 57,000 nonfarm jobs in June, representing the weakest tally since February, official data showed Thursday. The unemployment rate eased to 4.2% from 4.3%, matching projections.In domestic news, consumer confidence in New Zealand gained spirit in June, returning to levels seen in March but still below its January peak, ANZ Research said.In corporate news, Scott Technology (NZE:SCT) appointed Anthony Wesney and Scott Hawkins as interim co-chief financial officers, effective July 6.Santana Minerals (ASX:SMI, NZE:SMI) filed a memorandum with New Zealand's Environmental Protection Authority requesting that the processing of the Bendigo-Ophir gold project's fast-track approvals application be resumed on Aug. 17.

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Asia

Santana Asks for New Zealand Gold Project Fast-Track Approvals Application Processing to be Resumed on Aug. 17, Shares Up 5%

Santana Minerals (ASX:SMI, NZE:SMI) filed a memorandum with New Zealand's Environmental Protection Authority requesting that the processing of the Bendigo-Ophir gold project's fast-track approvals application be resumed on Aug. 17, according to simultaneous filings with the Australian and New Zealand bourses on Friday.This will allow for a total processing pause of 35 working days to respond to the expert panel's request for further information issued on June 25, as well as to complete workshops with regulators on consent conditions and management plans.A final decision from the expert panel is expected by Dec. 17.Its shares jumped 5% in recent trading on Friday on the ASX and 4% on the NZX.

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Asia

Santana Volunteers Pause in New Zealand Gold Project Fast-Track Approvals Process to Provide Additional Information, Shares Fall 5%

Santana Minerals (ASX:SMI, NZE:SMI) decided to volunteer a pause period to provide additional data and reports, as well as provide time to workshop conditions with the regulators regarding the fast-track approvals process for the Bendigo-Ophir gold project in New Zealand's South Island, according to Thursday filings with the Australian and New Zealand bourses.The expert panel will issue a formal request for further information. The firm requested that the panel, its advisors, and the Environmental Protection Authority continue work on the application throughout.Its shares fell over 5% in recent trading on the Australian bourse, reaching their lowest point in over a year, and over 4% on the New Zealand bourse.

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Asia

NZX Midday Sector Update: Communications Soar, Non-Energy Minerals Struggle

Communications shares gained the most on the New Zealand Exchange, rising almost 2% by midday Thursday.Chorus (ASX:CNU, NZE:CNU) rose nealy 2% in recent trade.On the other hand, non-energy minerals shares dropped nearly 2%.Santana Minerals (NZE:SMI, ASX:SMI) drove the decline, with shares dropping 4%.

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Asia

NZX Midday Sector Update: Non-Energy Minerals Soar, Consumer Non-Durables Decline

Non-energy minerals stocks gained the most on New Zealand's Exchange, rising 2% at midday Friday.Santana Minerals (NZE:SMI, ASX:SMI) saw the sharpest increase in the sector, gaining more than 10% in recent trade.Meanwhile, the consumer non-durables sector declined by more than 1%.a2 Milk Company (NZE:ATM, ASX:A2M) was down nearly 3% in recent trade.

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Asia

NZX Midday Sector Update: Non-Energy Minerals Soar, Technology Services Decline

Non-energy minerals stocks gained the most on New Zealand's Exchange, rising past 1% in midday Wednesday.Santana Minerals (NZE:SMI, ASX:SMI) saw the sharpest increase in the sector, gaining more than 3% in recent trade.Meanwhile, the technology services sector fell almost 3%.Shares of Vista Group International (NZE:VGL, ASX:VGL) were down past 4% in recent trade.

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Asia

Santana Minerals Clarifies Land Settlement Timing for South Island Gold Project

Santana Minerals (NZE:SMI, ASX:SMI) clarified that the settlement of the 3,680 hectares of land for its Bendigo-Ophir Project in South Island is required by the earlier of June 30, 2030, or 12 months after receiving all mining approvals, correcting its earlier statement that cited a Dec. 31 deadline, according to a Monday filing with the Australian and New Zealand bourses.The company's Kiwi shares were up almost 1% in recent Monday trade.

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Asia

New Zealand Shares Rise; Comvita Rights Offer Meets NZ$25 Million Minimum Capital Raise Requirement

New Zealand shares ended higher on Thursday amid a broad-based rise in Asian shares as investors welcomed hopes of a US-Iran peace deal.The S&P/NZX 50 Index rose 0.95% or 125.42 points to close at 13,270.61.Iran said it was reviewing a peace proposal from the US on Wednesday, while US President Donald Trump said it's "very possible" that the two countries will come to a deal, according to a Wednesday Reuters report.In domestic news, the national average rent in New Zealand saw a 1.4% decline to NZ$631 per week in April, compared with NZ$640 per week during the same time last year, and almost NZ$30 below the highest recorded rent in May 2024 of NZ$660 per week.Also, the Organisation for Economic Cooperation and Development said New Zealand should reconsider how often it changes the Reserve Bank's remit, warning that frequent adjustments increase the risk of monetary policy errors, according to a Thursday statement by the international organization.In corporate news, Comvita (NZE:CVT) confirmed that it has satisfied the minimum capital raise requirement of NZ$25 million for its pro-rata renounceable rights offer, driven by strong shareholder participation and Fraser and Neave's nearly 20% shortfall commitment.Santana Minerals' (ASX:SMI, NZE:SMI) wholly owned subsidiary, Matakanui Land, has been approved by New Zealand's Overseas Investment Office to acquire land across Bendigo and Ardgour stations, clearing the way for the company's proposed gold mining project.

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Asia

Santana Minerals Unit Secures OIO Approval to Acquire Land for South Island Gold Project

Santana Minerals' (ASX:SMI, NZE:SMI) wholly owned subsidiary, Matakanui Land, has been approved by New Zealand's overseas investment office (OIO) to acquire land across Bendigo and Ardgour stations, clearing the way for the company's proposed gold mining project, according to a Thursday filing with the Australian and New Zealand bourses.The approval includes 797 hectares at Bendigo station for mining infrastructure and pits, 92 hectares for a proposed Bendigo sanctuary, and 2,880 hectares at Ardgour station for processing facilities, tailings storage, offices, and ecological offset areas, per the filing.The project is expected to attract more than NZ$500 million in investment over 13 to 14 years, generate about 350 full-time jobs, increase exports, and strengthen the local economy, the filing said.The OIO consent key conditions include full settlement by December, securing resource consent by March 2035, and investing NZ$250 million in development within five years of receiving consent.The company expects to meet these requirements, with a final decision under the fast-track approvals act due in October and initial gold production planned for early 2028, the filing added.

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Asia

Santana Minerals Advances South Island Gold Project on Approvals Progress, Exploration Upside

Santana Minerals (ASX:SMI, NZE:SMI) reported steady progress across permitting, financing, and exploration at its Bendigo-Ophir Gold Project in New Zealand's South Island, highlighted by advancing fast-track approvals (FTA), a AU$130 million capital raise, and continued high-grade drilling success at the Rise and Shine deposit, according to a Tuesday filing with the Australian and New Zealand bourses.The company said the FTA process for Bendigo-Ophir remains a priority, with a consent decision set for Oct. 29 and engagement with the FTA expert panel already underway.Key infrastructure milestones include a finalized road access agreement with the Central Otago District Council and the creation of a NZ$1.3 million annual community fund.Operational readiness is advancing through key mining fleet agreements with Komatsu, alongside exploration success at the Rise and Shine deposit, where mineralization has been extended to over 2.2 kilometers with strong high-grade intercepts.The company completed a AU$130 million capital raising alongside a AU$4.1 million share purchase plan, strengthening funding for its predominantly debt-funded development plan, and closed the third quarter with a net cash balance of AU$184 million after payables.

ASX:SMINZE:SMI
Asia

NZX Midday Sector Update: Producer Manufacturing Shares Rise, Non-Energy Minerals Decline

Producer manufacturing shares gained the most on New Zealand's Exchange, rising past 1% by midday Friday.Shares of Scott Technology (NZE:SCT) were up past 2% in recent trade.Meanwhile, shares of the non-energy minerals sector fell over 2%.Santana Minerals (NZE:SMI, ASX:SMI) was down past 3% in recent trade.

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Asia

Santana Minerals Says Drilling at New Zealand Deposits Provides Support for Gold Camp Model

Santana Minerals (ASX:SMI, NZE:SMI) said step-out drilling, targeting the northerly down-plunge extensions of mineralization at the Rise and Shine and Come-in-Time deposits in New Zealand, supports the model of the deposits being part of a broader gold camp, according to separate filings with the Australian and New Zealand bourses.It encountered intercepts of 12 meters at 1.5 grams per tonne grade of gold from 815 meters at Rise and Shine and 13.9 meters at 1.1 g/t grade of gold from 181.1 meters from Come-in-Time.Its shares fell 1% in early trading on the New Zealand bourse on Wednesday.

ASX:SMINZE:SMI

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