Latest / Best of Business / Damian Spring: Santana Minerals Chief Executive on the discovery of a significant gold mine in Otago

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Damian Spring: Santana Minerals Chief Executive on the discovery of a significant gold mine in Otago · Best of Business

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  Speaker 2: Did Golden demn da hilled an Ozzie mining company? Reckons
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  Speaker 2: it's found one of the most significant gold discoveries in
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  Speaker 2: New Zealand in the last forty years. This is Santana Minerals.
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  Speaker 2: They found gold deposits all across Bendigo station in central Otago.
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  Speaker 2: Damien Spring is the chief executive. Hey, Damien, Hi, there?
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  Speaker 2: How big is it?
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  Speaker 3: It's big? How about one hundred ten thousand, one hundred
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  Speaker 3: ten thousand ounces for ten years, if not more so in.
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  Speaker 2: The scale of gold in this country? What comes close
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  Speaker 2: to that? Like, where are we sitting in the scale?
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  Speaker 3: Hi? Look, McCrae's forecast produced I think one hundred and
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  Speaker 3: forty thousand ounces. That's at their minds just north of Dunedin,
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  Speaker 3: and I think y He Gold are probably approaching a
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  Speaker 3: similar number, about one hundred thousand.
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  Speaker 2: Yeah. So are you guys doing a capital raise? Is that?
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  Speaker 2: What's up?
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  Speaker 3: No? No, we're just we're just doing when they're doing,
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  Speaker 3: and that's advanced in the project for our shareholders and
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  Speaker 3: our community.
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  Speaker 2: So you got enough money to be able to do
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  Speaker 2: the mining.
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  Speaker 3: Yeah, we actually raised thirty odd million dollars back in
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  Speaker 3: May and that will take us through to a final
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  Speaker 3: investment decision, hopefully sometime in the new year.
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  Speaker 2: I'm just trying to find a way in for myself here, Damien,
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  Speaker 2: have done? Have you done it? Are you guys going
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  Speaker 2: to be going for the fast track consenting?
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  Speaker 3: Look, we're on track to some of our application under
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  Speaker 3: the RMA by the end of this year. If the
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  Speaker 3: fast Track Approvals Bill is passed by then and it
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  Speaker 3: suits what we're aiming to do, then certainly we'll look
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  Speaker 3: at it.
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  Speaker 2: And when do you reckon you could get started? What's
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  Speaker 2: the soonest?
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  Speaker 3: Well, you'd have to take the lead from the fast
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  Speaker 3: Track Bill, and if they do put it in before
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  Speaker 3: the end of the year, I believe the decision would
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  Speaker 3: be within come back within six months, So we'd make
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  Speaker 3: a decision halfway through next year on that basis.
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  Speaker 2: What happens, Damian, Obviously there are going to be places
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  Speaker 2: around the country that are going to get a lot
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  Speaker 2: more attract a lot more protests than others. I would
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  Speaker 2: imagine that given that yoursers on privately owned land, it
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  Speaker 2: won't be too much of a headache, will it.
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  Speaker 3: I'm not sure which. We just have to deal with
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  Speaker 3: what's in front of us. Yep, it's on private land.
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  Speaker 3: I guess the community wants to know what our proposal
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  Speaker 3: is all about, and we've been spending the last a
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  Speaker 3: couple of months actually getting that engagement underway, and we've
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  Speaker 3: still got a lot of work to do between now
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  Speaker 3: and the end of the year.
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  Speaker 2: Damien, good stuff, good luck with it. Damien Spring, the
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  Speaker 2: chief executive at Santana Minerals.
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