OceanaGold's New Zealand Projects Fast-tracked for Approval

OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) has received a significant boost for its New Zealand operations with the inclusion of two key projects in the New Zealand Government's Fast-track Approvals Bill. The Waihi North Project, featuring the highly prospective Wharekirauponga (WKP) proposed underground mine, and the Macraes Phase 4 Project, a mine extension permit, are among the 149 Listed Projects eligible for expedited approvals under the proposed legislation.

The Fast-track Approvals Bill, expected to be passed into law later this year, aims to streamline the approval process for regionally and nationally significant infrastructure and development projects. This bill is set to significantly impact OceanaGold's timeline for development and production in New Zealand, as it will allow the company to apply directly to a Government-appointed expert panel for final decision, bypassing traditional bureaucratic hurdles.

The inclusion of these projects in the fast-track approvals process is expected to preserve the jobs of 1,000 existing employees, create new employment opportunities, and deliver wider economic benefits for local communities and the New Zealand economy. OceanaGold President & CEO, Gerard Bond, welcomed the news, stating that the clear and timely regulatory process would support the development of projects that can provide economic benefits while respecting important environmental, cultural, and social protections.

OceanaGold's commitment to environmental and social stewardship is evident in its operations. The company has been a responsible miner in New Zealand for over three decades, operating to the highest environmental and social standards. The fast-track approvals process will ensure that these projects continue to align with these principles, balancing economic growth with sustainability and community engagement.

In conclusion, the inclusion of OceanaGold's Waihi North and Macraes projects in the Fast-track Approvals Bill is a significant development for the company and the New Zealand economy. The streamlined approval process is expected to accelerate development, create jobs, and deliver economic benefits, all while maintaining a strong focus on environmental and social stewardship.