OceanaGold Reports High-Grade Gold Drill Results at Wharekirauponga…

Event summary

OceanaGold reported exceptional high-grade gold drill results at Wharekirauponga, including 6.3 meters at 97.2 g/t Au.
The company is progressing with the Waihi North Project, with decline development advancing 350 meters since May 2026.
An updated technical report for the Waihi District is planned for January 2027, including potential processing plant expansion to 1.2 Mtpa.
Drilling at Wharekirauponga has accelerated with five active drill rigs, focusing on resource conversion and growth-oriented step-out drilling.

The big picture

OceanaGold's high-grade drill results at Wharekirauponga underscore the potential for significant resource growth, which could extend the life of the Martha Underground mine and increase processing capacity. The company's strategic focus on the Waihi District aligns with broader industry trends of optimizing existing assets and exploring high-grade deposits to enhance shareholder value. The upcoming technical report will be crucial in assessing the feasibility and economic viability of these plans.

What we're watching

Resource Growth: Whether the high-grade intercepts will lead to a significant upgrade of Mineral Resources and Reserves in the upcoming technical report.
Project Execution: The pace at which the Waihi North Project advances, particularly the development of the twin tunnel and the commencement of early works on the new tailings storage facility.
Operational Continuity: How the potential processing plant expansion will affect the concurrent mining and processing of both Martha and Wharekirauponga ore.