Geopacific Resources update on Woodlark Gold Project in PNG

Geopacific Resources Limited (ASX: $GPR) has announced substantial resource growth potential at its Woodlark Gold Project in Papua New Guinea. The company's detailed exploration assessment has identified known mineralisation and priority drill targets with strong potential to increase the existing 1.56Moz Woodlark Resource. The updated Woodlark Feasibility Study is set for completion mid-2024, supported by project de-risking outcomes and a robust gold price environment.

Executive Commentary on Woodlark Gold Project

Geopacific CEO James Fox expressed optimism about the company's recent exploration activities, highlighting the potential for near-surface gold mineral resources at Great Northern, Wayai Creek, and Little MacKenzie. He emphasized the focus on advancing these prospects and delivering an updated Project feasibility mid-year to reflect the Project de-risking outcomes, increased resource inventory, and strong gold price environment.

Summary of Geopacific Resources announcement

Geopacific Resources Limited has unveiled significant potential for resource growth at its Woodlark Gold Project in Papua New Guinea. The company's exploration activities have identified priority drill targets with strong potential to increase the existing 1.56Moz Woodlark Resource. The updated Woodlark Feasibility Study, due for completion mid-2024, is expected to reflect the Project de-risking outcomes, increased resource inventory, and strong gold price environment. Geopacific's focus on advancing these prospects underscores its commitment to unlocking the strong upside at the Woodlark Gold Project.