Australian-owned company Santana Minerals has informed investors swathes of gold may be hidden under farmland in Central Otago.
The 'Rise and Shine' site had been marked in a recent report as “the most significant single gold discovery in New Zealand in four decades”.
The site has an estimated value of $325 million a year and could yield between 100,000 to 150,000 ounces of gold per year.
BusinessDesk managing editor Pattrick Smellie explains further.
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