RUA Gold's Auld Creek Project Seeks Fast-Track Approval in New Zealand

RUA Gold Inc., an exploration company focused on New Zealand, has made significant progress in its Auld Creek Project. The project, located in the Reefton Goldfield, has been approved for the Fast-Track Approvals process under the Fast-Track Approvals Act 2024.

This approval represents a major milestone for RUA Gold as it transitions from an explorer to a mine developer. The company is on track to submit its substantive Fast-Track application in Q4 2026, which would allow the project to be fully permitted by mid-2027 and enable early works to commence.

RUA Gold's Auld Creek Project is proposed as an underground mining operation with an initial mine life of eight years. The project is expected to employ approximately 200 people and contribute an estimated NZ$240 million to the regional economy.