Santana Minerals (SMI) Investor Presentation summary

Project overview and location

• Bendigo-Ophir Gold Project is located in Central Otago, New Zealand, on private farmland with mining agreements in place.

• The site benefits from proximity to infrastructure, including hydro power, water, and skilled workforce.

• The project area covers 290 sq km with 30 km of strike and multiple exploration targets.

Resource and reserve highlights

• Total Mineral Resource Estimate: 2.34Moz @ 2.1g/t Au, with 1.54Moz Indicated and 0.73Moz Inferred.

• Maiden Ore Reserve: 15Mt @ 2.58g/t for 1.24Moz Au, with 81% conversion from Indicated resources.

• RAS deposit is the largest NZ gold discovery in 40 years, with high-grade, continuous ore zones.

Mining and processing plan

• Open pit mining planned for 13.8 years, producing over 1Moz Au at 2.53g/t, with 93% ore feed as Probable Reserve.

• Underground mining at RAS for 7 years, targeting 316koz at 2.7g/t, using long hole stoping and paste fill.

• Conventional CIL processing plant designed for high recoveries (93%), scalable from 1.2Mtpa to 1.8Mtpa.