Chile – Gold Mexico – Sierra Madre – Silver / Gold A Mexican focused silver and gold explorer A Mexican focused silver and gold explorer A Mexican focused silver and gold explorer A Mexican focused silver and gold explorer Annual General Meeting – 29 November 2017 A S X : S M I
Di Disclaimer All information contained in this presentation is of a general nature. Potential investors are cautioned against using the content of this presentation, in isolation, for making investment decisions. Best efforts have been made to ensure the accuracy of information contained (at the time of preparation). Where forward targets and/or assumptions have been included – all such instances are indicative only and subject to alteration and/or cancellation as and when the management of Santana Minerals Limited (‘Santana’) determines. Research and advice of a qualified financial advisor or accountant are strongly recommended to anyone considering investing in listed company securities, including those of Santana. The information in this presentation that relates to exploration targets, exploration results, mineral resources or ore reserve: (a) Relating to the Company’s projects in Mexico is based on information compiled by Mr Jason Beckton who is a Member of the Australasian Institute of Geoscientists. Mr Beckton is a part time consultant to Santana. (b) Relating to the Company’s projects in Chile is based on information compiled by Mr Mike Corey who is a member of the Association of Professional Geoscientists of Ontariao (APGO) in Canada. Mr Corey is a part time consultant to Santana. Each of Mr Beckton and Mr Corey have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” . Forward-looking statements in this presentation include, but are not limited to, statements with respect to Santana’s future plans, strategy, activities, events or developments the Company believes, expects or anticipates will or may occur. By their very nature, forward-looking statements require Santana to make assumptions that may not materialize or that may not be accurate. Although Santana believes that the expectations reflected in the forward-looking statements in this presentation are reasonable, no assurance can be given that these expectations will prove to have been correct, as actual results and future events could differ materially from those anticipated in the forward looking statements. Accordingly, viewers are cautioned not to place undue reliance on forward-looking statements. Santana does not undertake to update publicly or to revise any of the included forward-looking statements, except as may be required under applicable securities laws. 2
Becker Project - Chile ile ➢ 2,000ha exploitation licences + 4,800ha exploration licences. ➢ Located 210 km south of Santiago and 40km north- west of Talca, Region VII Chile. ➢ Intermediate to low sulphidation epithermal- mesothermal Au-Ag mineralisation. ➢ Exploration (1995) discovered N-S trending 300m x 900m zone of quartz boulders up to 4m in diameter. ➢ Previous trenching identified quartz veins up to 350m in length and widths from 0.5 to 7.5m. ➢ Previous sampling returned high grade assays of 23.5, 37.2, 40.7, 63.5, 70.0 and 79.0 g/t Au. ➢ Previous trenching across veins returned up to 4.0 metres at 30.7 g.t Au and 6 g/t Ag. ➢ Maiden drill program conducted by SMI yielded some high encouraging near surface gold anomalism: (Hole 8) 12m@8.1g/t (from 9m) 16m@3.5g/t (from 25m) (Hole 9) 7m@2.8g/t (from surface) 1m@2.6g/t (from 14m) 3
Becker – loc location an and str tructural se settin ing ➢ Becker JV and regional properties sit ~ 150km southwest of Yamana’s Minera Florida Mine. SANTIAGO ➢ Minera Florida serves as an interpretive model that Mesozoic rocks of the Chile Coastal Range can host Minera Florida significant Au-Ag mineralization. Mine (Yamana) ➢ The Chilean Coastal Range presents as an array of structurally-controlled Au-rich quartz vein/breccia systems with discrete zones of high-grade Au (60g/t), Ag (300 g/t) ➢ Road access to all properties for work year round. Becker JV & ➢ All properties occur within Belt of Mesozoic-aged Regional Properties LOS intrusive, volcanic & sedimentary rocks which host Minera Florida and smaller past-producing mines (Las ANDES Palmas, Chepica, El Chivato) in the Talca area. TALCA ➢ Previous and current exploration confirm presence of Au- Ag mineralized quartz veins. Trend of Coastal ➢ Santana undertook first ever drilling at Becker Project Range Gold Belt 2H 2018 . ~ 120 km x 55 km ➢ Au intersected in 6 of 10 drill holes at Lajuelas prospect . 4
Fresnill Fr illo - Valid lidation of of Becker Di District Exploration Pot otentia ial ➢ Fresnillo has staked close to 400km 2 within the Becker district since mid-2018 including much of the remaining available exploration ground surrounding Santana’s tenements. ➢ Fresnillo’s presence validates the significant resource potential of the Becker district and justifies continued exploration by SMI on tenements which were staked prior to Fresnillo’s arrival. Fresnillo is: ➢ The world’s largest primary silver producer. ➢ Mexico’s largest gold producer. ➢ A company with a strong record of exploration success. 5
Becker – 20 2018 18 Dr Drill illing The maiden drill program at Becker confirmed the presence of material near surface gold mineralisation BRC019 BRC018 7.53/2.5 1.92/9.3 BRC020 Lajuelas Drilling 2018 0.06/1.2 Hole_ID From To m Au g/t Ag g/t Cu_ppm Pb_ppm Zn-ppm BRC017 BDH18-01 No significant assays 0.05/1.9 BDH18-02 No significant assays BDH18-03 70.5 72 1.5 1.8 1.7 200 52 99 BRC014 BDH18-04 No significant assays 0.07/<0.2 BDH18-05 5 5.9 0.9 1.8 0.6 133 23 50 BDH18-06 No significant assays BRC015 2.74/0.4 BDH18-07 4 7 3 1.6 1.8 110 53 119 BDH18-07A 4 8 4 1.7 4.8 175 84 144 BRC011 BRC016 BRC001 0.03/0.2 3.49/3.4 incl 4 5 1 7 5.8 64 39 83 7m@2.8g/t (from surface) 0.01/<0.2 BDH18-08 2 6 4 1.3 0.8 132 42 60 BRC012 1m@2.6g/t (from 14m) BRC002 1.22/0.4 BDH18-08 9 21 12 8.1 15.3 96 48 24 BRC013 12m@8.1g/t (from 9m) 2.13/0.2 BRC003 incl 10 11 1 10.3 6.6 67 61 39 1.32/0.3 0.01/0.5 16m@3.5g/t (from 25m) incl 12 13 1 10.1 4.9 58 32 22 BRC010 BRC008 incl 14.7 16 1.3 17.5 24.6 125 37 24 0.43/0.4 9.43/6.2 incl 18 20 2 12.9 3.9 48 71 15 BRC004 BRC007 BRC009 BDH18-08 25 41 16 3.5 4 178 88 37 0.01/0.5 4.58/2.0 8.78/1.0 incl 33 35 2 17.2 14.2 159 33 21 BRC005 BDH18-09 0 7 7 2.8 0.9 55 21 40 0.43/0.6 BDH18-09 14 15 1 2.63 0.6 7 21 60 Sample # Au g/t ; Ag ppm Drill location plan: Lajuelas (holes 1-9 incl 7 and 7A) and Guindos prospect (holes 10-14) 6
Becker – 20 2018 18 Trenchin ing Lajuelas trenching 2018 Trench_ID From To Width Location Au g/t Ag g/t BDH18-1 3 4 1 SE wall 2.03 0.4 BDH18-1 2 3 1 SE wall 7.15 1.3 BDH18-1 1 2 1 SE wall 1.91 1.6 BDH18-1 0 1 1 SE wall 3.8 1.1 BDH18-1 3 4 1 SW wall 1.96 0.3 BDH18-1 2 3 1 SW wall 2.59 1 BDH18-1 1 2 1 SW wall 5.57 2.1 BDH18-1 0 1 1 SW wall 1.7 0.4 BDH18-2 5 6 1 N wall 0.06 0.4 BDH18-2 4 5 1 N wall 0.23 0.7 BDH18-2 3 4 1 N wall 10.35 2.4 BDH18-2 2 3 1 N wall 0.88 0.7 BDH18-2 0 1 1 N wall 0.14 0.6 BDH18-3 2 3 1 SE wall 19 5.3 BDH18-3 1 2 1 SE wall 4.47 2 BDH18-3 0 1 1 SE wall 15.4 3.6 BDH18-3 2 3 1 NW wall 10.3 1.6 BDH18-3 1 2 1 NW wall 13.25 2.4 100m BDH18-3 0 1 1 NW wall 1.06 0.7 Drill holes (BDH) + trench locations (BDT) at the Lajuelas prospect area relative to the Lajuelas vein system 7
Becker – 20 2018 drill rillin ing an and sam samplin ling Lajuelas Road cut samples 2018 From To Width Location Au g/t Ag g/t 15 16 1 NE face 0.81 0.6 16 17 1 NE face 0.61 0.2 17 18 1 NE face 1.45 0.6 18 19 1 NE face 1.47 0.6 19 20 1 NE face 0.61 0.5 20 21 1 NE face 0.45 0.2 21 22 1 NE face 25.2 5.4 22 23 1 NE face 16.7 3.4 23 24 1 NE face 1.63 0.8 24 25 1 NE face 0.17 0.6 25 26 1 NE face 0.48 0.3 26 27 1 NE face 0.75 0.4 27 28 1 NE face 0.1 0.5 28 29 1 NE face 0.07 0.3 29 30 1 NE face 0.04 0.3 30 31 1 NE face 0.09 0.2 31 32 1 NE face 2.99 0.8 32 33 1 NE face 0.15 0.2 33 34 1 NE face 0.33 0.2 34 35 1 NE face 3.18 0.9 25 36 1 NE face 0.08 0.3 36 37 1 NE face 0.07 0.6 37 38 1 NE face 0.05 0.3 38 39 1 NE face 0.04 0.2 39 40 1 NE face 0.02 <0.2 40 41 1 NE face 0.02 0.3 Road cutting Lajuelas NE and Drill locations Lajuelas and Guindos 8
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