New Zealand as an Exploration Destination: An Overseas Explorer's Perception

The perception of New Zealand as an exploration destination has improved compared with other countries. There has been a realisation that New Zealand's potential is greater than previously thought. Other countries are not as attractive as before, and explorers are looking at alternatives that are geologically prospective and politically stable.   New Zealand is regarded as geologically prospective, especially for gold, with potential for world class deposits. It is also prospective for other metals, coal and industrial minerals. New Zealand is politically stable, and has an economy that is attractive to overseas investors. It is one of the least corrupt countries in the world, which overseas companies see as providing a high degree of certainty for investment.   New Zealand has good opportunities for investment in gold exploration at present. Otago has been the focus for new companies and is the favoured exploration location. Otago is regarded as very prospective, and hosts New Zealand's largest gold deposit at Macraes. There is potential for other similar deposits elsewhere in Otago.   The mineral industry previously had an excessively pessimistic view of New Zealand, which has resulted in little new investment in New Zealand for some years. Previous pessimism is turning to optimism, and there is increasing interest in New Zealand as an exploration destination by overseas explorers.