1 00:00:00,200 --> 00:00:02,560 Speaker 1: So the eight billion dollar why He North mine is 2 00:00:02,560 --> 00:00:05,320 Speaker 1: going ahead. It's just gained consent via the fast Track 3 00:00:05,400 --> 00:00:08,280 Speaker 1: program to expand and continue mining for another eighteen years. 4 00:00:08,280 --> 00:00:10,680 Speaker 1: And Jared Bond is the CEO of Oceana Gold and 5 00:00:10,720 --> 00:00:11,880 Speaker 1: with us morning Jared. 6 00:00:12,640 --> 00:00:13,240 Speaker 2: A good morning. 7 00:00:13,280 --> 00:00:15,640 Speaker 1: Have now I heard you're describing this as one of 8 00:00:15,640 --> 00:00:18,640 Speaker 1: the world's best undeveloped gold all bodies? How much do 9 00:00:18,680 --> 00:00:19,520 Speaker 1: you reckons in there? 10 00:00:21,120 --> 00:00:23,880 Speaker 2: Well, we booked a reserve last year of one point 11 00:00:23,920 --> 00:00:26,960 Speaker 2: two million ounces and third resources of the third of 12 00:00:27,040 --> 00:00:30,720 Speaker 2: four hundred thousand ounces. So it's like we see one 13 00:00:30,800 --> 00:00:35,080 Speaker 2: point six million ounces today or we did a year ago. 14 00:00:35,159 --> 00:00:38,520 Speaker 2: We still drill and given that the why He mined 15 00:00:38,560 --> 00:00:41,880 Speaker 2: that we presently operate over its life has produced eight 16 00:00:41,960 --> 00:00:45,120 Speaker 2: million ounces. And this is a similar style of all body. 17 00:00:45,840 --> 00:00:48,120 Speaker 2: You know that there could be many millions of ounces 18 00:00:48,120 --> 00:00:51,239 Speaker 2: of gold in the way pericure. 19 00:00:50,880 --> 00:00:54,520 Speaker 1: Upon underground fantastic. So you're investing is it a billion into. 20 00:00:54,320 --> 00:00:59,520 Speaker 2: This one billion dollars of capital to get it going? 21 00:00:59,800 --> 00:01:03,440 Speaker 2: That involves a tunnel to get to the mine from 22 00:01:03,480 --> 00:01:05,559 Speaker 2: outside the forest park, so we go under the forest 23 00:01:05,600 --> 00:01:08,280 Speaker 2: park and then as the mine is operated, we spend 24 00:01:08,360 --> 00:01:11,360 Speaker 2: hundreds of millions of dollars each year in its operation 25 00:01:11,440 --> 00:01:12,240 Speaker 2: as well. 26 00:01:12,520 --> 00:01:14,679 Speaker 1: So you've got approval for this in about one hundred 27 00:01:14,680 --> 00:01:17,560 Speaker 1: and twelve days. Is this a good system? Do you think? 28 00:01:17,600 --> 00:01:17,800 Speaker 2: Are you? 29 00:01:17,840 --> 00:01:18,800 Speaker 1: Are you happy with us? 30 00:01:20,600 --> 00:01:24,400 Speaker 2: I think New Zealand has the best development permitting system 31 00:01:24,600 --> 00:01:29,880 Speaker 2: globally presently. It's rigorous. It is difficult to get something 32 00:01:29,920 --> 00:01:32,679 Speaker 2: permitted anywhere in the world, and New Zealand is no different. 33 00:01:33,360 --> 00:01:36,400 Speaker 2: Our application was substantial. We did a lot of work. 34 00:01:36,480 --> 00:01:38,759 Speaker 2: But the great thing about this process is that it's 35 00:01:38,800 --> 00:01:40,199 Speaker 2: done in a timely way. 36 00:01:40,680 --> 00:01:43,120 Speaker 1: Do you think that as news, you know, as the 37 00:01:43,160 --> 00:01:45,000 Speaker 1: rest of the world and investors catch on to the 38 00:01:45,000 --> 00:01:47,920 Speaker 1: fact that you guys are getting this stuff consented reasonably quickly, 39 00:01:48,040 --> 00:01:50,160 Speaker 1: that there will be increased interest in New Zealand as 40 00:01:50,160 --> 00:01:50,600 Speaker 1: a result. 41 00:01:52,480 --> 00:01:57,240 Speaker 2: Well, New Zealand leapt up the mining attractiveness index in 42 00:01:57,320 --> 00:02:01,280 Speaker 2: an annual global survey this year, already off the basis 43 00:02:01,320 --> 00:02:04,440 Speaker 2: of that legislation being passed, and I think our success 44 00:02:04,560 --> 00:02:08,080 Speaker 2: will further solidify New Zealand as a place that you 45 00:02:08,240 --> 00:02:09,280 Speaker 2: can do business in. 46 00:02:09,680 --> 00:02:11,679 Speaker 1: That's great. Do you think that it's I mean part 47 00:02:11,680 --> 00:02:14,000 Speaker 1: of the problem in New Zealand, though, is attitudes towards 48 00:02:14,000 --> 00:02:17,240 Speaker 1: mining and you know, traditionally and quite baked in. Do 49 00:02:17,320 --> 00:02:18,400 Speaker 1: you think that's changing. 50 00:02:20,160 --> 00:02:24,120 Speaker 2: Well, we have tremendous support where we mine from local communities, 51 00:02:24,360 --> 00:02:27,240 Speaker 2: and I understand during the course of last year we 52 00:02:27,320 --> 00:02:32,080 Speaker 2: saw that public support for mining has improved dramatically in 53 00:02:32,080 --> 00:02:34,600 Speaker 2: New Zealand, and I think that's because people see that 54 00:02:34,680 --> 00:02:37,880 Speaker 2: we do it safely, we do it responsibly, have done 55 00:02:37,960 --> 00:02:40,760 Speaker 2: so for thirty five years and will continue to do so. 56 00:02:40,960 --> 00:02:45,639 Speaker 2: And this is an industry that generates real, high paying 57 00:02:45,760 --> 00:02:48,760 Speaker 2: jobs that are very, very productive. So I'd like to 58 00:02:48,760 --> 00:02:50,840 Speaker 2: think that New Zealanders would welcome the fact that they 59 00:02:50,840 --> 00:02:54,280 Speaker 2: have a robust mining industry. Yeah. 60 00:02:54,280 --> 00:02:56,119 Speaker 1: Well, Jared, listen, beast of luck with it. I hope 61 00:02:56,120 --> 00:02:58,120 Speaker 1: you make loads and loads of cash for yourselves and 62 00:02:58,120 --> 00:03:01,200 Speaker 1: obviously the country as well. Jared bond Oceania Gold CEO. 63 00:03:01,800 --> 00:03:04,680 Speaker 2: For more from The Mic Asking Breakfast, listen live to 64 00:03:04,800 --> 00:03:07,880 Speaker 2: news Talks at b from six am weekdays, or follow 65 00:03:07,919 --> 00:03:09,480 Speaker 2: the podcast on iHeartRadio.