Santana Minerals
Santana Minerals Limited is a pre-production gold mining developer dual-listed on the ASX and NZX, advancing the Bendigo-Ophir Gold Project in Central Otago, New Zealand, the country's most significant gold discovery in over four decades.
- Company typePublic
- Founded2013
- HeadquartersBrisbane, Australia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Santana Minerals does
Santana Minerals Limited (ASX/NZX: SMI) is a pre-production gold mining developer whose sole focus is advancing the Bendigo-Ophir Gold Project in Central Otago, New Zealand. The company was founded in 2013, is headquartered in Brisbane, Australia, and operates a project office in Cromwell, New Zealand. The Bendigo-Ophir project is described as the most significant single gold deposit discovered in New Zealand in over four decades, with step-out drilling at the Rise and Shine deposit having extended known gold mineralisation 135 metres beyond previously defined limits.
The company's core product sits at the intersection of geological resource and regulatory pathway. An updated Pre-Feasibility Study projects up to 120,000 ounces of annual gold production, NZ$6 billion in revenue over the project lifecycle, more than NZ$1 billion in taxes and royalties to New Zealand, and approximately 300 regional jobs. To de-risk the operational path, Santana has secured a mining fleet valued at NZ$115 million from Komatsu New Zealand, including PC3400 and PC2000 excavators, HD1500 haul trucks, and a five-year on-site OEM technical support agreement. The project received EPA acceptance under New Zealand's Fast-track Approvals Act in November 2025, with a regulator decision deadline of October 29, 2026. Santana also holds early-stage exploration projects in Cambodia and Mexico as longer-dated optionality.
The business model is pre-revenue: the company generates no operating revenue and instead funds ongoing development through equity capital, with A$50.45 million in cash and A$54.42 million in capitalized exploration expenditure as of March 2026. Future revenue will be generated through gold commodity sales once production commences, distributed through established commodity market channels. The primary stakeholder base is institutional and retail investors on the ASX and NZX, with reported backers including AustralianSuper and Orion Resource Partners.
Santana Minerals firmographics
Firmographics- Name
- Santana Minerals
- Legal name
- Santana Minerals Limited
- Website
- https://santanaminerals.com
- Company type
- Public
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Santana Minerals Limited is a pre-production gold mining developer dual-listed on the ASX and NZX, advancing the Bendigo-Ophir Gold Project in Central Otago, New Zealand, the country's most significant gold discovery in over four decades.
- Ownership category
- akta.pro rank
Santana Minerals industry classification
Industry- Product category
- Gold Mining and Mineral Exploration
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where Santana Minerals is headquartered
LocationHeadquarters
- HQ city
- Brisbane
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Santana Minerals business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Others
Revenue model
- Gold Production and Sales: Santana Minerals is a pre-revenue junior mining company. Once the Bendigo-Ophir Gold Project receives approval and reaches production, revenue will be generated through the sale of gold produced from mining operations. The company projects annual gold production of 120,000oz and expects to generate NZ$6 billion in revenue with over $1 billion in taxes and royalties for New Zealand over the project lifecycle.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Santana Minerals product offering
Product offeringCore offering
Santana Minerals is a pre-production gold mining development company focused on advancing the Bendigo-Ophir Gold Project in Central Otago, New Zealand — the most significant single gold deposit discovered in New Zealand in over four decades. The company is pursuing fast-track regulatory approval to develop an environmentally responsible open-cast gold mine projecting 120,000oz of annual gold production and up to 300 jobs. Santana also holds early-stage exploration projects in Cambodia and Mexico.
Product overview
Santana Minerals is a pre-production gold mining company with a single flagship project — the Bendigo-Ophir Gold Project in Central Otago, New Zealand. The company does not operate a platform-plus-modules architecture or offer multiple distinct products. Its sole focus is developing this single gold mine, which has an updated PFS projecting up to 300 jobs, 120,000oz annual gold production, and NZ$6 billion in revenue. The company also holds early-stage exploration projects in Cambodia and Mexico.
Differentiator
Problem solved
Functional benefit
Products and services
- Bendigo-Ophir Gold Project A proposed open-cast gold mine in Central Otago, New Zealand, representing the country's most significant single gold discovery in over four decades. The project is currently awaiting fast-track approval under New Zealand's Fast-track Approvals Act with a decision expected by October 29, 2026. Once developed, the project is projected to produce 120,000oz of gold annually, generate NZ$6 billion in revenue over its lifecycle, create up to 300 regional jobs, and deliver over NZ$1 billion in taxes and royalties to New Zealand.
- Cambodia Early-Stage Exploration Project Early-stage mineral exploration project located in Cambodia, held alongside the company's flagship Bendigo-Ophir project.
- Mexico Early-Stage Exploration Project Early-stage mineral exploration project located in Mexico, held alongside the company's flagship Bendigo-Ophir project.
Quantifiable outcome
- 120,000oz annual gold production projected
- +3 more outcomes
Companies that use Santana Minerals
Customer profileSegments1 record
Ideal customer profiles2 records
Santana Minerals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Santana Minerals partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Komatsu New ZealandcoreSantana Minerals has secured build slots with Komatsu New Zealand for a mining fleet valued at NZ$115m ($65.8m) for the Bendigo-Ophir Gold Project. The agreement includes delivery of key mobile equipment including PC3400 and PC2000 excavators and HD1500 haul trucks. Additionally, Komatsu provides a five-year on-site technical support plan with operational, maintenance, and training assistance, supported by Komatsu's original equipment manufacturer financing.
- Environmental Protection Authority (EPA) - New Zealand GovernmentcoreSantana Minerals received EPA acceptance for its Bendigo-Ophir Gold Project under the Fast-track Approvals Act, marking a key milestone in the project's development. The EPA is reviewing the application under the fast-track process designed to accelerate permitting timelines for significant projects.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Santana Minerals competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Santana Minerals social profiles
Digital presenceSantana Minerals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Santana Minerals leadership team
Management profileNumber of profiles
Santana Minerals funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Santana Minerals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Santana Minerals
What does Santana Minerals do?
Santana Minerals is a pre-production gold mining development company focused on advancing the Bendigo-Ophir Gold Project in Central Otago, New Zealand — the most significant single gold deposit discovered in New Zealand in over four decades. The company is pursuing fast-track regulatory approval to develop an environmentally responsible open-cast gold mine projecting 120,000oz of annual gold production and up to 300 jobs. Santana also holds early-stage exploration projects in Cambodia and Mexico.
Is Santana Minerals a public or private company?
Santana Minerals is a public company. It is classified as public and is currently operating.
When was Santana Minerals founded?
Santana Minerals was founded in 2013. It employs 11 to 50 people.
Where is Santana Minerals based?
Santana Minerals is headquartered in Brisbane, Australia, in the Oceania region.
How does Santana Minerals make money?
One revenue line is on record: gold Production and Sales.
Does Santana Minerals have an API?
No public API is recorded for Santana Minerals.
What industry is Santana Minerals in?
Santana Minerals's product category is Gold Mining and Mineral Exploration. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development. Its SIC code is 1040.