Santana Minerals Limited ('the Company') is pleased to report the final results and associated geological modelling from the maiden drill program at the Phu Lon Nickel Prospect, within the Sayabouly Project, Laos.

This program was suspended due to COVID-19 containment measures.

As previously reported (Santana ASX Announcement, 24th April 2020), drill-holes PLDD006 and PLDD008 in the southern and central sections of the prospect respectively both intersected layers of massive pyrrhotite mineralisation which have no surface expression. The intersection of this style of mineralisation is considered a significant advancement by the Company for the discovery of nickel and copper rich magmatic sulphide mineralisation, targeted at the prospect.

To develop magmatic sulphide style mineralisation requires fluids from the mantle to migrate close to the surface and bond with sulphur. These ascending fluids can be enriched in metals such as iron, nickel, platinum, copper, and cobalt, but devoid of sulphur, which has to be added by an external source on ascension.

The intersection layers of pyrrhotite massive sulphide in holes PLDD006 and PLDD008 supports the concept that sulphur was added to the ultramafic intrusion at the Phu Lon Nickel Prospect increasing prospectivity.

Contact:

Shane Pike

Tel: +61 (0) 417 671 301

Email: shane.pike@santanaminerals.com

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