Geopacific Resources Limited

Geopacific (ASX:GPR) is a gold and copper-gold development company with a portfolio of projects in the Asia Pacific Region and is within sight of production.

Geopacific is developing the fully permitted, 2.1 million ounce Woodlark Gold Project situated on an Island in Papua New Guinea. In 2016, Geopacific entered into a transaction, which allows it to earn up to 80% of Woodlark by completing a Bankable feasibility for under AU$18.6 million. Woodlark became stranded during the global financial crisis. Geopacific’s task is to make the project attractive to financiers by increasing minelife while reducing capital and operational expenditure. Tasks that Geopacific’s team is experienced in delivering, having put over 10 mines into production.

The current 3-rig, development-drilling program is designed to move approximately 450,000 ounces of mineralisation from Inferred into Measured and Indicated Resource categories. This is expected to allow Geopacific to deliver a 1.2 million ounce Reserve.

Geopacific’s other gold and copper-gold projects cover the spectrum from early to advanced exploration and are situated in Cambodia and Fiji.