BUZZ-Australia's Santana Minerals slumps on delayed application submission for mining permit

Reuters

2025/04/07

** Shares of Santana Minerals SMI.AX slump 9.1% to A$0.450, their lowest level since January 21

** Precious metal explorer says reports needed for its application for a mining permit will not be ready in time for submission by end of April 2025

** Says it is working towards completing the submission no later than June 30, 2025

** Stock fell as much as 12% to A$0.435 earlier in the day, its lowest level since December 17, 2024

** Stock on track for third consecutive session of losses, if current trends hold

** 1.7 mln shares change hands, 1.2x the 30-day average

** Stock down 7.2% YTD, including current session's moves

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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11:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Santana Minerals slumps on delayed application submission for mining permit</title></head><body><p>** Shares of Santana Minerals <span>SMI.AX</span> slump 9.1% to A$0.450, their lowest level since January 21</p><p>** Precious metal explorer <span>says</span> reports needed for its application for a mining permit will not be ready in time for submission by end of April 2025</p><p>** Says it is working towards completing the submission no later than June 30, 2025 </p><p>** Stock fell as much as 12% to A$0.435 earlier in the day, its lowest level since December 17, 2024</p><p>** Stock on track for third consecutive session of losses, if current trends hold   </p><p>** 1.7 mln shares change hands, 1.2x the 30-day average</p><p>** Stock down 7.2% YTD, including current session's moves</p><p>(Reporting by Manasi Dasa in 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