SMI santana minerals limited

Excellent report. 3 new down plunge planned for Shreks and...

  1. 777 Posts.
    lightbulb Created with Sketch. 454

    Excellent report. 3 new down plunge planned for Shreks and another more Eastern further down plunge at CIT. RAZ seemed to have an eastward drift as they went down plunge. Will get real interesting if they get hits at either of them.
    Shreks is big in terms of tonnage. Shallower, wider and initial drilling was likened to Macraes.(cross section and long section below)
    Some of the initial hits at CIT were pretty good as well.Best of 21m @ 2.14 from what I have found.
    Think the initial expectations were that all the deposits would be similar to Macraes but the increase in grades going down plunge has come as a very pleasant surprise.
    Exciting times IMO.

    Ongoing Programme & Key Conclusions

    Extension and infill DD drilling is continuing at CIT and RAS deposits. Three reconnaissance holes are also planned over the next three months to test the down plunge extensions of SHR deposit (with the largest surface footprint of the 3 main deposits). An MRE upgrade has commenced at RAS and prior to finalisation, further assays are to be added from fringe drillholes that are expected to define lateral mineralisation extents in the northern extension.

    https://hotcopper.com.au/data/attachments/4299/4299120-15817b80ebae538fa718f113d0134bdf.jpg

    https://hotcopper.com.au/data/attachments/4299/4299141-63a181640013e44b9909ce4856bf0878.jpg
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
59.5¢
Change
0.010(1.71%)
Mkt cap ! $430.0M
Open High Low Value Volume
58.5¢ 59.5¢ 57.0¢ $247.6K 424.7K

Buyers (Bids)

No. Vol. Price($)
2 200000 59.0¢
 

Sellers (Offers)

Price($) Vol. No.
60.0¢ 150 1
View Market Depth
Last trade - 16.10pm 25/07/2025 (20 minute delay) ?
SMI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.