OceanaGold Welcomes the New Zealand Fast-track Approvals Act
www.oceanagold.com
December 18, 2024
News Release
OceanaGold Welcomes the New Zealand Fast-track Approvals Act
(VANCOUVER) OceanaGold Corporation (TSX : OGC ; OTCQX: OCANF ) (“OceanaGold” or the
“Company”) is pleased to welcome the New Zealand Parliament’s passing of the Fast-track Approvals Bill
for regionally and nationally significant infrastructure and development projects . The new Fast -track
process for gaining consents and approvals will open for applications on February 7, 2025. The Waihi North
Project, which includes the proposed Wharekirauponga underground mine (“WUG”), is one of 149 projects
listed in Schedule 2 of the legislation with the ability to lodge an application from that date.
OceanaGold intends to lodge its Fast -track application in early 2025 and expects to be fully permitted
(subject to any appeals) under the Fast-track approvals process by the end of 2025. This timetable would
allow the Company to commence decline and underground development work for the proposed WUG mine
in 2026. In 2025, $40-45 million of early works not requiring Fast-track approvals are planned.
Gerard Bond, President & CEO of OceanaGold, said “We are very pleased by the enactment of this
landmark legislation that derisks the permitting timeline, providing a better climate for investment in
OceanaGold’s projects in New Zealand . As validated by our recent p re-feasibility study results, the
Wharekirauponga underground mine (“WUG”) has the potential to deliver decades of significant benefits
for shareholders, the workforce, local communities and the New Zealand economy. Consistent with our 35
years of successful operation in New Zealand, the development of WUG will be progressed safely and
responsibly.”
For more information on the Fast -track Approvals Act , please see the Government of New Zealand's
announcement at: https://www.beehive.govt.nz/release/one-stop-shop-fast-track-bill-passes-third-reading.
For further information please contact:
Investor Relations:
Rebecca Harris, Director, Investor Relations
Tel: 1 (604) 678-4095
Media Relations:
Louise Burgess, Director, Communications
Tel: 1 (604) 403-2019
www.oceanagold.com
About OceanaGold
OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly
maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our
shareholders. We have a portfolio of four operating mines: the Haile Gol d Mine in the United States of
America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.
Cautionary Statement for Public Release
Certain information contained in this public release may be deemed “forward- looking” within the meaning
of applicable securities laws. Forward-looking statements and information relate to future performance and
reflect the Company’s expectations regarding the generation of free cash flow, execution of business
strategy, future growth, future production, estimated costs, results of operations, business prospects and
opportunities of OceanaGold Corporation and its related subsidiaries. Any statements that express or
involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always, using words or phrases such as
"expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or
"intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-
looking statements are subject to a variety of risks and uncertainties which could cause actual events or
results to differ materially from those expressed in the forward- looking statements and information. They
include, among others, the accuracy of mineral reserve and resource estimates and related assumptions,
inherent operating risks and those risk factors identified in the Company’s most recent Annual Information
Form prepared and filed with securities regulators which i s available on SEDAR+ at www.sedarplus.com
under the Company’s name. There are no assurances the Company can fulfil forward- looking statements
and information. Such forward- looking statements and information are only predictions based on current
information available to management as of the date that such predictions are made; actual events or results
may differ materially as a result of risks facing the Company, some of which are beyond the Company's
control. Although the Company believes that any forward-looking statements and information contained in
this press release is based on reasonable assumptions, readers cannot be assured that actual outcomes
or results will be consistent with such statements. Accordingly, readers should not place undue reliance on
forward-looking statements and information. The Company expressly disclaims any intention or obligation
to update or revise any forward-looking statements and information, whether as a result of new information,
events or otherwise, except as required by applicable securities laws. The informati on contained in this
release is not investment or financial product advice.