Santana raises A$31.2m for gold mining
The Brisbane-headquarted company is aiming for ‘aggressive extensional and exploration drilling’ in the rich Otago goldfields.
The 292 square kilometre Central Otago goldfields is the largest discovery of gold in New Zealand for 40 years.
ASX-listed precious metals explorer, Santana Minerals, has raised A$31.2 million ($34.2m) through the issue of approximately 27.1 million ordinary shares to fund the development of its Bendigo Ophir Gold Project in New Zealand.
It is also planning a share purchase plan with the aim of raising a
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