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Speaker 1: The information provided in this program is of a general

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Speaker 1: nature and is not intended to be personalized financial advice.

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Speaker 1: We encourage you to seek appropriate advice from a qualified

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Speaker 1: professional to suit your individual circumstances. I'm inside the New

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Speaker 1: Zealand Stock Exchange where a gold mining company just went public.

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Speaker 1: Could this mark our economies minerals moment?

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Speaker 2: It could well be.

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Speaker 3: You know, I think mccraze started off as an internex

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Speaker 3: listed company.

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Speaker 4: You know, if mining's going to grow a little bit more,

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Speaker 4: help with the growth of the economy, helped with jobs

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Speaker 4: and be respectful to the environment, then fantastic.

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Speaker 1: We were one of the first to show you New

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Speaker 1: Zealand's biggest gold discovery in forty years, tugged amid the

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Speaker 1: hills in central Otago's Bend Togo station, an hour out

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Speaker 1: of Queenstown. The Australian listed company exploring it, Santana Minerals,

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Speaker 1: expects to earn up to four billion dollars over a

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Speaker 1: ten year period once it starts open pit and underground

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Speaker 1: mining here. Its annual production would be second only to

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Speaker 1: the nearby McCrae's mine that's owned by Oceana Gold, which

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Speaker 1: delisted from our market in twenty sixteen, Santana's CEO revealed

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Speaker 1: in our first interview that it was considering going public.

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Speaker 1: Surely an ended x listening at some stake, Damien A.

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Speaker 3: Look, we're certainly are giving it serious consideration, the pros

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Speaker 3: and cons up doing that and working through that. Obviously,

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Speaker 3: our primary listing is still remains ax and what the

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Speaker 3: future holds will see.

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Speaker 1: That's what's led us here to the Index Capital Market Center,

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Speaker 1: where Santana is officially listing on the New Zealand Stock Exchange.

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Speaker 1: I'm taking you inside the invite only event. Santana will

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Speaker 1: be the second gold offering to investors. So Mike Thiss

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Speaker 1: mark our mineral's moment.

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Speaker 4: Well, it's not the minerals moment. We've had minerals moments before.

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Speaker 4: But to see this come back into New Zealand, I

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Speaker 4: think it adds a dimension to our market, which you

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Speaker 4: know we could probably do a little bit more of.

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Speaker 4: You really want a market to be representing your economy

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Speaker 4: in the proportion of GDP, and you know, if mining

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Speaker 4: is going to grow a little bit more, help with

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Speaker 4: the growth of the economy, help with jobs, and be

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Speaker 4: respectful to the environment, then fantastic.

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Speaker 1: As as a sign of more listenings to come.

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Speaker 4: Mark, Well, we're always hoping, aren't we.

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Speaker 1: The only other gold related stock on the insiet X

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Speaker 1: is New Talisman Gold Mines, which operates the historical mine

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Speaker 1: in the Corimandel's Karanga Hockey Gorge. Santana is now dual

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Speaker 1: listed on the ASEX and insiet X. It's a foreign

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Speaker 1: exempt issue here, meaning its primary market is still Australia.

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Speaker 1: What it's not exempt from, though, are our mining rules

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Speaker 1: and regulations. It still needs a full resource consent and

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Speaker 1: permit it plans to apply later this year. It also

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Speaker 1: has to pay royalties to the government, which is currently

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Speaker 1: set at two percent of revenue or ten percent of

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Speaker 1: accounting profits, whichever is higher.

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Speaker 2: We will pay our legal rulesies that we do to pay.

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Speaker 1: You see today that if the project all works, our

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Speaker 1: fingers crossed that nine hundred million dollars would go back

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Speaker 1: to Central government and royalties, but also in corporate tax.

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Speaker 1: Do you feel like that's enough of the four billion

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Speaker 1: you're going to earn, well.

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Speaker 3: Four billion's revenue, so we've also got costs to come

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Speaker 3: off on that. So yeah, look, it's about what it's

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Speaker 3: about twenty percent, twenty five percent of the in ground value.

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Speaker 3: It takes a lot of cost to get that out

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Speaker 3: of the ground, and of course our shareholders will be

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Speaker 3: stumping up the capital to get that out, so they're

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Speaker 3: putting their capital and money at.

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Speaker 2: Risk, So it's only fear that they get a return.

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Speaker 3: And look all in all, as I've been saying on

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Speaker 3: my presentations of the in value in ground valley of

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Speaker 3: the goal, this potentially a sixty percent of that value

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Speaker 3: will remain in New Zealant or more because of our

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Speaker 3: local spending as well.

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Speaker 1: Whylist, you were already listed on the Australian Stock Exchange.

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Speaker 3: Look, certainly technology has allowed the ability to trade in

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Speaker 3: the ASEX very easily from virtually anywhere in the world.

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Speaker 3: But I think it's important to provide that ability to

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Speaker 3: invest in New Zealand dollars in a New Zealand's listed

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Speaker 3: stock and ultimately potentially when we do start paying dividends,

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Speaker 3: it's all in the same currency and whatever tax credits

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Speaker 3: are provided they come through on that same currency.

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Speaker 2: But it's also about letting anyone who thinks I want

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Speaker 2: to part dissipate.

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Speaker 3: But also you know, there's no doubt a bit of

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Speaker 3: promotion in Bolt and it puts us out there and

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Speaker 3: let's see everyone know what we're doing, so that ultimately

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Speaker 3: when we do get to keep mining, we're doing so

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Speaker 3: for the benefit of not only ourselves as shareholders.

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Speaker 2: But the community.

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Speaker 1: I was going to ask you about that cheekily, is

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Speaker 1: any of this or all of this and means to

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Speaker 1: garner public support before you guys at out full resource

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Speaker 1: consent and full mining them.

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Speaker 3: Well, look, any sort of promotion is obviously putting us

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Speaker 3: out there, but it's also making sure that we're how

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Speaker 3: accountable to what we say. So I think if I

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Speaker 3: say we're going to be a responsible minor that will

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Speaker 3: produce the goal, but do so in the way that

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Speaker 3: there's no net loss or potentially even a net benefit

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Speaker 3: to the environment, that's what we're going to do.

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Speaker 2: So I think it's just been transparent and open.

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Speaker 1: Is this New Zealand's minerals moment Damien.

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Speaker 2: To well be?

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Speaker 1: You know?

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Speaker 3: I think mccraze started off as an inject listed company.

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Speaker 3: Obviously now it's fully delisted out of Australasia as to

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Speaker 3: gold into two six.

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Speaker 2: But yeah, there's other discoveries out.

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Speaker 3: There, mainly by ax junior companies that could well do

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Speaker 3: look to the future to see what we do and

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Speaker 3: join the the insedics here.

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Speaker 2: And Golden Opportunity, one could say, absolutely.

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Speaker 3: Lots of puns, meaningful puns.

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Speaker 1: Thank you so much your time, dave In, and congratulations again.

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Speaker 1: Time will tell to see if it pays off, but

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Speaker 1: at least the exchange is back in action.

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Speaker 2: They unstans by sun Stars, Why time by doun by

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Speaker 2: stop sis