Santana Minerals announces inclusion into the GDXJ

Santana Minerals Ltd
Level 1, 371 Queen St
Brisbane, QLD 4000
ABN 37 161 946 989
GPO Box 1305
Brisbane, QLD4000

T: +61 7 3221 7501



17 September 2026

SANTANA MINERALS ANNOUNCES INCLUSION INTO THE GDXJ
Santana is pleased to announce its inclusion in the VanEck Junior Gold Miners ETF (“GDXJ”), effecƟve
at the close of trading on 18 September 2026, as part of the GDXJ’s semi-annual index review and
rebalance.
The GDXJ is a globally recognised exchange-traded fund (“ETF”) providing exposure to small and mid-
capitalisaƟon companies involved primarily in gold and silver mining and development. With
approximately US$8.9 billion in net assets (as at 15 September 2026), inclusion provides Santana with
exposure to a significant pool of global index-linked investment capital and a broader audience of
insƟtuƟonal and retail gold investors.
Santana Minerals Chief ExecuƟve Officer Damian Spring said:
“Inclusion in the GDXJ is another important milestone for Santana and reflects the progress
the Company has made as we advance the Bendigo-Ophir Gold Project (“BOGP”).
The GDXJ is one of the world’s most widely followed gold equiƟes ETFs, and Santana’s inclusion
provides greater exposure to internaƟonal investors who access the gold sector through index-
linked and passive investment strategies.
Importantly, this comes at a Ɵme when the Company is transiƟoning from explorer into
construcƟon and towards becoming a gold producer.”
About Santana Minerals Limited
Santana Minerals Limited is an Australasian gold exploraƟon and development company advancing the
100%-owned BOGP in Central Otago, New Zealand.
The BOGP is centred on the 2.08Moz Rise and Shine (RAS) Indicated and Inferred Mineral Resource at
2.4 g/t Au. The Updated Pre-Feasibility Study 2025 (announced 1 July 2025) outlined a convenƟonal
open-pit and underground mining operaƟon underpinned by a Probable Ore Reserve of 15.0 million
tonnes at 2.58 g/t Au for 1.24Moz of gold and an iniƟal mine life of approximately 14 years.
Santana holds a 30-year mining permit over the main project area, including RAS, and is progressing
the remaining project approvals through New Zealand’s Fast-track process.
Beyond the iniƟal mine plan, the BOGP retains significant potenƟal for further growth. The broader
Mineral Resource extends beyond the current Ore Reserve and drilling conƟnues to demonstrate the
scale and conƟnuity of the RAS mineralised system, which remains open at depth. ExploraƟon and
resource definiƟon drilling also conƟnue across the broader exploraƟon permit.
This announcement is authorised by the Board of Directors.

ENDS.

Enquiries:
Damian Spring
Exec. Director & CEO
dspring@santanaminerals.com
Sam Smith
Exec. Director & CDO
ssmith@santanaminerals.com


Announcement
ASX:SMI
NZX:SMI

CauƟonary Statements
Of the Mineral Resources planned for extracƟon under the Updated PFS producƟon model approximately 93%
is within the Indicated Resources category, with the balance (7%) being classified within the Inferred Resources
category. There is a low level of geological confidence associated with Inferred Mineral Resources and there is
no certainty that further exploraƟon work will result in the determinaƟon of Indicated Mineral Resources or that
the producƟon target itself will be realised.

The producƟon target and the forecast financial informaƟon derived from the producƟon idenƟfied in this report
was first contained in a public announcement released to the ASX on 1 July 2025. The Company confirms that all
material assumpƟons underpinning the producƟon target and the forecast financial informaƟon derived from it
conƟnue to apply and have not materially changed.

The informaƟon in this report that relates to Mineral Resources is based on informaƟon contained in the
following public announcements:

• ASX Announcement Ɵtled “RAS Mineral Resource EsƟmate Review” dated 4 March 2025
• ASX Announcement Ɵtled “Bendigo-Ophir Pre-Feasibility Study” dated 15 November 2025

The informaƟon in this report that relates to Ore Reserves is based on informaƟon contained in the public
announcement made to the ASX on 1 July 2025, in the Updated Pre-Feasibility Study.

A copy of these announcements are available to view of the Santana Minerals Limited website
www.santanaminerals.com.

The reports were issued in accordance with the 2012 EdiƟon of the JORC Australasian Code for ReporƟng of
Mineral Resources and Ore Reserves. The Company confirms that it is not aware of any new informaƟon or data
that materially affects the informaƟon included in the original market announcements referenced above and, in
the case of the Mineral Resource esƟmates, that all material assumpƟons and technical parameters underpinning
the Mineral Resource esƟmates in the relevant announcements conƟnue to apply and have not materially
changed. The Company confirms that the form and context in which the Competent Person’s findings are
presented have not been materially modified from the original market announcements.
Forward-Looking Statements
This announcement contains forward-looking statements, including statements regarding the producƟon target
and forecast financial informaƟon derived from it, the development and financing of the Bendigo-Ophir Gold
Project, the Company's future plans and acƟviƟes, and the anƟcipated effects or potenƟal benefits of inclusion
in the GDXJ. These statements are based on the Company's current expectaƟons, esƟmates and assumpƟons
and are subject to known and unknown risks, uncertainƟes and other factors, many of which are beyond the
Company's control. Actual results, performance or achievements may differ materially from those expressed or
implied by the forward-looking statements. The Company has concluded that it has a reasonable basis for the
producƟon target and forecast financial informaƟon referred to in this announcement, with the material
assumpƟons and the grounds for that conclusion set out in the Company's ASX announcement dated 1 July 2025.
Readers are cauƟoned not to place undue reliance on forward-looking statements. Except as required by
applicable law or the ASX LisƟng Rules, the Company undertakes no obligaƟon to update or revise any forward-
looking statement.
Inclusion in the GDXJ is determined by the fund manager and the relevant index methodology and may change
in the future. Inclusion does not guarantee that the GDXJ or any other investor will acquire or conƟnue to hold
any parƟcular number or value of Santana securiƟes, or that it will result in increased demand, trading liquidity,
share-price performance or any other benefit to the Company or its shareholders.