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New Zealand Fast-Track Permitting And A Positive PEA Land On The Same Reefton Goldfield Asset
Issued on behalf of Rua Gold Inc. A 100%-owned underground gold-antimony starter mine in the ...
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[{"type":"text","content":"New Zealand Fast-Track Permitting And A Positive PEA Land On The Same Reefton Goldfield Asset\nIssued on behalf of Rua Gold Inc. A 100%-owned underground gold-antimony starter mine in the historic Reefton Goldfield, with a positive PEA reporting US$42M base-case after-tax NPV5%, a Fast-Track Referral filed under New Zealand's one-stop-shop regime, approximately C$38 million in cash, and 19,000 metres of drilling underway VANCOUVER, British Columbia, May 18, 2026 (GLOBE NEWSWIRE) -- Canada News Group News Commentary — Gold has spent 2026 setting record highs amid sustained central bank purchasing and forecasts pushing toward US$5,000 per ounce by Q4 2026. Antimony was designated a U.S. Critical Mineral following China's late-2024 export restrictions, and remains structurally short in Western markets. The intersection of those two macro setups inside a single project is unusual in the public market — and even more unusual when paired with a Fast-Track permitting jurisdiction and a 19,000-metre drill program already turning.[1] Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) (FSE: X9R) has consolidated that intersection on a single asset. On May 5, 2026, the Company released the results of a positive Preliminary Economic Assessment for the 100%-owned Auld Creek Gold-Antimony Project, located in the historic Reefton Goldfield on New Zealand's South Island.[1] The PEA was prepared in accordance with the disclosure standards of National Instrument 43-101 and is effective April 25, 2026.[2] Two weeks earlier, on April 20, 2026, the Company had submitted its Fast-Track Referral application for the same project under New Zealand's one-stop-shop Fast-Track Approvals regime, marking a key milestone in the Company's transition from explorer to mine developer.[3] NOTE: For a Cautionary Note on Production Decision and related risks, please see the Disclaimer below. The PEA: Base Case Economics And Spot-Gold Leverage The Auld Creek PEA reports an after-tax NPV5% of US$42 million and an after-tax IRR of 17% at long-term gold of US$3,300 per ounce and antimony of US$27,000 per tonne, with a 3.3-year payback.[2] Using a spot gold price assumption of US$4,700 per ounce, the after-tax NPV5% increases to US$113 million, the after-tax IRR rises to 36%, and the payback compresses to 2.2 years.[2] Pre-production capital is US$132.6 mil...