Australian mining companies optimistic about Otago's gold

A miner is happy about exploration near OceanaGold’s established Macraes Gold Mine, (Image: NZME)

Wed, 13 Jul 2022

Two Australian-listed mining companies are upbeat about Otago’s gold prospects.But a local economist says the region’s economic benefit might not be as great as some think.Western Australian-based Cyclone Metals announced to the ASX yesterday that it had found gold anomalies at Mareburn and Macraes South, about 40km north of Dunedin, following a geochemical sampling trial.The company’s chair Terry Donnelly said it was “very encouraging” to get positive responses to the maiden exploration program.ExplorationWith the...

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