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Santana Minerals releases Rise and Shine scoping study
Santana Minerals (SMI.AX) published the results of a scoping study on its Rise And Shine (‘RAS’) gold deposit, part of its Bendigo-Ophir gold project in New Zealand. The base case scenario anticipates a total production of 1.12 million ounces of gold over a 10 year mine life using a plant with a capacity of 1.5 million tonnes per year, and anticipates an initial capex of just over US$150M (with a substantial portion earmarked for pre-stripping activities) with an additional $178M in sustaining capex. Using the spot price for gold (the base case scenario used $2340/oz), the after-tax NPV10% is estimated at US$562M ... (full story)