Company Interview / The Bendigo-Ophir Gold Project

*This interview was conducted on behalf of ausbiz capital under a commercial arrangement

Santana Minerals (ASX:SMI) CEO Sam Smith joins Corporate Connect to discuss the company's project pipeline. Sam says the Bendigo-Ophir Gold Project at current prices is making a margin of over $1,500 per ounce of gold production after tax. Sam is confident this will help enhance the project's attractiveness to potential lenders. The project spans a nine-year life, with eight years of open-pit mining and a transition to underground mining, catering to evolving demands.

Sam says Santana Minerals is maximising efficiencies by utilising contract miners and maintaining full throughput capacity at the processing plant. With exceptional grades being proven early on, Sam is optimistic about pulling out 150,000oz of gold in the initial years.

Environmentally responsible practices, like the closed water circuit and neutralisation processes, are part of Santana's commitment to sustainability. Local economic benefits also include job creation and business opportunities, potentially bolstering New Zealand's economy in addition to an estimated $1 billion in taxes and royalties to be paid.

Listen to the interview for further details on Santana's funding plans, permitting, and strategic outlook.