Police can advise a body has been located after a vessel capsized on the Jacks Bay Bar earlier this morning.

(Source: 1News)

Emergency services were notified around 10:40am and a search was initiated for one person believed to be outstanding in the water.

A helicopter assisted with an aerial search, while Coastguard Bluff and Coastguard Dunedin volunteers and rescue vessels assisted in searching the water.

Sadly, a body believed to be the person overboard was located on a nearby beach.

A second person onboard was located on some rocks nearby and has been brought to shore, alongside a dog.

The boat has been recovered from the water.

We would like to extend our thanks to the volunteers and members of the public who assisted in today’s rescue efforts.

Police earlier said: “A search is underway for one person believed to be outstanding, with the assistance of volunteers and rescue vessels from Coastguard Bluff and Coastguard Dunedin.

“The second person onboard has been located on some rocks nearby and emergency services are working to rescue them.”

A Coastguard spokesperson said at about 12.30am that volunteers had been stood down by police.