About the Project
Reefton Goldfield
RUA GOLD’s Reefton Gold Project is the company’s flagship, district-scale gold and antimony asset on New Zealand’s South Island. RUA GOLD has consolidated more than 95% of the Reefton Goldfield, expanding its position to over 125,000 hectares and bringing most of the district’s historic mining camps under one owner. Historical mining in the Reefton Goldfield started in 1872, and by its close, had produced 2 million ounces of gold from high-grade underground operations in orogenic quartz vein systems.
RUA GOLD is currently aggressively drilling multiple targets across the land package, with majority of the focus on Auld Creek. Auld Creek is currently the most advanced asset within the Reefton Goldfield and has been included as a Fast Track project by the New Zealand regulators. This gives it the potential to be the first producing operation in 2028 as a high-grade gold-antimony mine. A PFS is targeted for Q4 2026, while permitting is being advanced through New Zealand’s Fast-track process, with the company targeting full permitting in Q2 2027.
Auld Creek represents a starter case to self-fund the Company to uncover the full Reefton District Scale opportunity.
Highlights
Geology
Orogenic gold deposits are among the highest gold-grade deposits in the world
History
The Reefton Goldfield has produced 2 Moz gold at 9-50 g/t Au
Potential at Depth
Historic mines are untested at further depths than they mined in the 1950's
Agressive Drill Program
Drilling Towards Development
5 rigs currently turning
Scale
95%
Of Reefton Tenements
Past Producing District
+2Moz of Gold Produced in the early 1900’s
Active Neighbouring Mine
Endura Mining
on track for first gold December 2026Privately Raised +A$400M
With Aus Super and Orion
+795k oz
Inferred resource1
1. Source: www.enduramining.com/our-projects/overview/
Regional Geology
The Reefton Goldfield is hosted entirely within Ordovician-age rocks of the Greenland Group, comprising greenschist facies metamorphosed alternating strata of greywacke and argillite sedimentary rocks. In the Reefton area, the Greenland Group forms a ~35km long by 15km wide north-northeast trending belt of rocks, bounded to the north and east by granitic plutons of the Karamea, Rahu, and Separation Point batholiths. The southern and western margins of the Greenland Group are typically obscured by Tertiary sediments and Quaternary gravels (Nathan et al., 2022). The gold-bearing Greenland Group in New Zealand was once contiguous with the Lachlan Fold Belt in Victoria, Australia, which hosts the Ballarat-Bendigo Goldfield, and the Fosterville mine (see map below).
Mineralization
The Reefton Goldfield hosts orogenic gold mineralisation and deposits. The main Au mineralisation event occurred during the latter stages of greenschist facies metamorphism of Greenland Group rocks, ~450 million years and 387 Myrs BP. Compression resulted in regional-scale folds, and as the folds tightened, fluids were focused along shears. Early Au-bearing quartz veins were emplaced into the shears. The quartz vein textures, elemental associations (Au-As-Sb), approximate depth of emplacement (near the brittle-ductile transition), tectonic setting and relative timing (late metamorphic with a post-metamorphic overprint; temporally unrelated to any intrusive event) are characteristics typical of other Phanerozoic orogenic Au deposits around the world.
A History of Gold Mining in The Reefton Goldfield
Capelston is home to the Pactolus Vein, a new discovery within the historical Reefton Goldfield which has one ounce gold from channel sampling at surface
Exploration
