Santana Minerals (ASX:SMI, NZE:SMI) said the New Zealand Parliament passed the second reading of the Fast-track Approvals bill, bringing the proposed legislation closer to becoming law, according to a Monday filing with the Australian bourse.
Once the bill is passed, the company is expected to submit its requirements for the fast-track process for the Bendigo-Ophir project by February 2025, the filing said.
The review period for approvals is expected to be 120 days, but may be extended as appropriate, according to the filing.
Santana Minerals shares rose 9% in midday trade in Australia and fell 4% in New Zealand.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments