| 19 REGIONAL DEVELOPMENT Central Otago: Santana Minerals Gold deposits in the Bendigo-Ophi field will yield 110,000 ounces of gold a year for 10 years, says Santana Minerals’ CEO, Damian Spring. potential effects and benefits to ultimately get an understanding of each of these groups’ concerns and priorities. “These discussions are on-going as the project evolves and new studies are completed,” he says. Damian, a mining engineer and a chartered professional member of AusIMM, holds a First Class Mine Manager’s Certificate and has extensive experience of mining operations in New Zealand, Australia and Argentina. Santana was listed on the Australian sharemarket (ASX) in 2013 and is well diversified with more than 3000 shareholders, of whom the biggest is Regal Funds with 10% of the shares. The company recently raised A$31m in a private placement with institutional investors that will be used to advance the project. At the time Santana’s chairman, Peter Cook, said he was “extremely pleased with the strong demand for the placement, with support from both existing shareholders and new, highly credentialled domestic and international institutional investors, which is a testament to the outstanding quality of our Bendigo-Ophir project, which was highlighted in our recently released scoping study.” The company announced at the same time a Share Purchase Plan (SPP), closing on June 17 2024, to provide eligible shareholders with the opportunity to participate in the equity raising on the same terms as the placement. 021 228 5410 | peter.m@miningsupplies.co.nz | www.miningsupplies.co.nz It’s great to be supporting SANTANAMINERALS in their “quest for gold”! Supplying products to Mining, Exploration & Geological companies
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