Santana Minerals Ltd. (AU:SMI) has released an update.
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Santana Minerals Ltd. is advancing its Bendigo-Ophir Gold Project in New Zealand, aiming to develop one of the country’s richest gold mines. The company has outlined a Prefeasibility Study that estimates A$340 million in financing is required, while exploring alternative strategies for value creation. Investors should note the potential risks, including the uncertainty of securing necessary funding and resource classification challenges.
For further insights into AU:SMI stock, check out TipRanks’ Stock Analysis page.
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