Key developments in Geopacific Resources' funding strategy

Geopacific Resources (ASX:GPR) is advancing its Woodlark Gold Project in Papua New Guinea through a new capital raising initiative. The company is set to raise approximately A$40 million via a renounceable pro-rata Entitlement Offer. This funding will support a 30,000-meter drilling program and an updated Definitive Feasibility Study targeted for completion by late 2025.

Strategic initiative for Geopacific Resources

Geopacific Resources (ASX:GPR) has announced a significant step in its strategy to develop the Woodlark Gold Project in Papua New Guinea. Through a renounceable pro-rata Entitlement Offer, the company aims to raise approximately A$40 million. The funds will facilitate a 30,000-meter drilling program, an updated Definitive Feasibility Study, and other project-related activities, with an expected completion by late 2025. Major stakeholders, including Deutsche Balaton Group and Patronus Resources Limited, support the offer, ensuring the project's advancement. The strategy also involves active community engagement and collaboration with stakeholders to ensure project success.

Executive insights on the Woodlark Gold Project

Geopacific is committed to advancing the Woodlark Gold Project with a comprehensive exploration program aimed at unlocking its potential and generating strong financial returns.