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Geopacific Resources Ltd.
Summary
| Project: | Woodlark | |
|---|---|---|
| Deposit: | Woodlark | |
| Location: | Papua New Guinea | |
| Commodities: | Gold | |
| Date: | 3/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 12-3-2018: Geopacific Resources Ltd. announces a Pre-Feasibility Study report for its Woodlark deposit at the Woodlark project. PFS results incl. post tax NPV of US$134M, IRR of 33% and 10yr LOM. Geopacific Resources Limited (Geopacific ASX:GPR) is please | |
| Resources: | (Reserve, P+P): 34.7Mt @ 0.99g/t Au for 1.1016Moz Au contained | |
| CP/QP: | [Resources]: Nicholas Johnson (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Geopacific Resources Limited (Geopacific ASX:GPR) is pleased to report the Pre-Feasibility Study (PFS) results which demonstrate that the Woodlark Gold Project (Woodlark) is a robust, low-cost, lowstripping ratio, open pit operation that can deliver an average of 100Koz Au per annum over 10 years. Under the terms of the joint venture agreement with Kula Gold Limited (Kula ASX:KGD), the completion of this work allows Geopacific to increase its overall economic interest to 93%1 . Geopacific has focussed on delivering the Woodlark gold project (Woodlark or the Project) as a strong, economic project. The PFS results presented in this announcement support the development of a profitable, long-life mining operation. The Project benefits from favourable logistics and topography, being located on the coast and well-supported by regional shipping and airlines. The flat topography (see figure 2) and supportive social environment present strong positives to operating Woodlark. | |
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