Latest / Best of Business / Simon Delander: Rua Gold vice-president on the company's plan to expand over the West Coast

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Simon Delander: Rua Gold vice-president on the company's plan to expand over the West Coast · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talk ZB Follow
• 0:12
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• 0:16
  Speaker 1: Heather do for see.
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  Speaker 2: A Canadian mining company is planning to make a fast
• 0:20
  Speaker 2: track application for a new gold and antimony mine near reefton.
• 0:23
  Speaker 2: Urua Gold is hoping to start mining by twenty twenty eight.
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  Speaker 2: Also looking at cross listing on the insidex and Simon
• 0:28
  Speaker 2: DeLanda is the gold vice is the vice president there
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  Speaker 2: high Simon.
• 0:32
  Speaker 3: Hey, Heather, how are you good?
• 0:33
  Speaker 1: Thank you?
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  Speaker 2: Now it sounds to me like sefair amount of gold
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  Speaker 2: in there, is it? How does it rate internationally in
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  Speaker 2: terms of a deposit.
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  Speaker 3: This is a significant deposit for us at our organization.
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  Speaker 3: So we've been exploring for the last five years and
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  Speaker 3: we've now got sufficient gold and we're tgging around three
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  Speaker 3: hundred thousand ounces to start to move into the fast
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  Speaker 3: track process. So this is exciting for our investors, exciting
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  Speaker 3: for the local community and we please have their training
• 1:01
  Speaker 3: to talk to you about it today.
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  Speaker 2: You're going after the antimony as well?
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  Speaker 3: Absolutely, we are. Yeah. So that's a strategic mineral and
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  Speaker 3: there's a lot of interest, particularly in the central government
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  Speaker 3: and overseas Japan and the US in antimody's supply and
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  Speaker 3: security that supply.
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  Speaker 2: Yeah, I'll tell you what I'm fascinated by is I
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  Speaker 2: can't seem to get across. I can't seem to find
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  Speaker 2: anything on how much of these critical minerals we have
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  Speaker 2: in the ground in New Zealand. Do you have any idea?
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  Speaker 3: Look, I couldn't speak for the whole of New Zealand,
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  Speaker 3: but certainly we've got a significant depositive antimony and there's
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  Speaker 3: a lot of antimony around the reefed and golf how
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  Speaker 3: much coast So yeah, so we're talking about mining around
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  Speaker 3: about twelve thousand tons per year over an eight year period,
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  Speaker 3: and that's probably half a billion dollars worth of antimity
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  Speaker 3: in that range.
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  Speaker 2: How do you feel about Trumpy's Critical Minerals trading block?
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  Speaker 3: Then I look for us, we've been working on this
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  Speaker 3: for a period of time, and you know that the
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  Speaker 3: minerals it's a free market if you will, so that
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  Speaker 3: they'll pick that up and likely want to talk to
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  Speaker 3: the central government around getting access to those minerals. We've
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  Speaker 3: been talking to a number of potential off take partners
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  Speaker 3: who are interested in that antimony. A lot of interest
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  Speaker 3: in antimody, probably more so than the gold to be honest,
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  Speaker 3: but obviously golds at a high record high at the
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  Speaker 3: moment as well.
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  Speaker 2: Good stuff, mate, beast of luck with it in the
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  Speaker 2: fast tracking that Simon DeLanda Ruer, Gold Vice President.
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