Geopacific Resources Ltd (ASX:GPR)

The 2026 Definitive Feasibility Study (DFS) for Geopacific Resources Limited's Woodlark Gold Project in Papua New Guinea confirms robust economic potential with a life-of-mine revenue projected at A$6.1 billion, and a post-tax net cash flow of A$2.5 billion. The project has a pre-tax NPV of A$1.78 billion and a post-tax IRR of 50.6%, with a rapid payback period of 18 months from first production. The DFS highlights a 3.5 Mtpa carbon-in-leach processing plant with a forecast average annual production of over 100 koz of gold, benefiting from high recovery rates and low-cost operations. The study outlines that the project is highly leveraged to gold prices, with key permits secured and minor amendments required for optimized site layout. Geopacific aims to proceed with project financing and front-end engineering design in anticipation of a Final Investment Decision by late 2026, with first gold production targeted for November 2028. The project is also positioned to benefit from significant international interest in resource development in PNG.