Cyclone Metals Limited announced that exploration permits at Drybread and Waikerikeri Gold Projects (together, New Zealand Gold Projects), in the Otago region of New Zealand have been granted for a period of 5 years, and can be renewed. New Zealand is a premier investment destination for resources with successful explorers and new mines being approved. Cyclone's New Zealand Gold Projects sit near or contiguous to processing plants which gives any exploration success a potential route to production.

The Drybread ­ Waikerikeri Gold Project covers ~198km2 and crosses over Santana Minerals Limited's Bendigo-Ophir Project in Central Otago and contains historical alluvial workings contiguous to that project. The area has been underexplored for hard rock potential with no primary gold exploration undertaken. With the projects being granted, sampling programs can now be undertaken, which will quickly assess the projects for drill targets.