Santana Minerals Says South Island Project Decision Set for October; Shares Up 3%

MT Newswires Live

Feb 05

Santana Minerals (NZE:SMI, ASX:SMI) said the fast-track approvals process for its Bendigo-Ophir Gold Project has reached a key milestone, with a formal decision now expected by Oct. 29, according to a Thursday filing with the Australian and New Zealand bourses.

The panel convener confirmed on Wednesday the expert panel's composition and established a 140-working-day statutory timeframe for the project's assessment, per the filing.

The convener appointed a seven-member expert panel with expertise in economic, environmental, and extractive industry matters to ensure a thorough, transparent, and timely assessment within the statutory timeframe, the filing added.

The company's Kiwi shares rose around 3% in recent Thursday trade.

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