OceanaGold Plans to Reinvent Macraes Mine into Gold/Tungsten Project

OceanaGold Corporation (TSX:OGC,ASX:OGC) released a company interview with managing director and CEO Mick Wilkes answering questions regarding company financials and outlining future expectations, which included reinventing its Macraes mine in New Zealand into a gold/tungsten project.

As quoted in the press release:

The other growth opportunity in New Zealand is the gold with tungsten by-product project called Round Hill. We may reinvent Macraes as a gold/tungsten project as there are quite significant amounts of tungsten there. We’re well advanced on the flow sheet and will be conducting a scoping study shortly. So Macraes could go for an additional 10-12 years after the current plant closes down. So that’s exciting and we’re in discussions with several tungsten off-takers. We’re encouraged by those discussions.

Click here to read the full OceanaGold Corporation (TSX:OGC,ASX:OGC) press release.