Oceana Gold's new Coronation open pit development at its
Macraes site in East Otago is progressing towards production,
but the estimated 100,000 ounces of gold it contains will not
extend the overall Macraes mine life.
Toronto-listed oil and gas explorer Tag Oil (NZ) could be
test-drilling an onshore oil and gas prospect near Oamaru
within 12 to 24 months, having secured a five-year extension
to its existing Canterbury Basin exploration permit.