The town of Reefton and its surrounds has been given another cog for a mining revival with a Perth junior company investing in a private company that has taken up several historic leases in the area.
Australian mineral royalty company Royalco Resources still has its fingers crossed on the hopes for a gold mining revival in two areas of the South Island.
Gold shares are moving back into vogue early in 2019 and North American brokers are doing research on OceanaGold.
OceanaGold appears set to end its calendar year production on a high. Correspondent Simon Hartley and Craigs Investment Partners broker Peter McIntyre look back on the company’s year.
The mothballs are about to be brushed off the Blackwater gold mine which has been one of the high grade mines that last worked in the 1950s.
The vital resource consents have been granted for the major Martha underground mine development at Waihi along with reopening of the Martha open cut, so the only likely challenge will come from the appeals period.
Reporting by New Age Exploration this year gave an indication that its Otago gold quest was its lowest priority, but recent results and a potential sale of the company’s coal project in the UK has changed this.
Australian junior explorer Laneway Resources still has ambitions for its prospects near Karangahake in New Zealand’s Hauraki Goldfield and has plans to drill a key target.
The chief of OceanaGold told an international mining conference that it was important for a gold developer to take in country social and environmental issues in its mine planning.
Perth-based junior explorer Strategic Elements has indicated it is still awaiting clearances to undertake further work on the Golden Blocks project in New Zealand.