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Geopacific Resources Ltd (ASX:GPR)

ALERT: Price-sensitive ASX Announcement for GPR
Current share price for GPR : $0.027 -0.019 (-41.30%)+
Announcement
Release
28 May 2026 11:44AM
Price at Release
$0.046
Full Release
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Summary
Geopacific Resources Ltd (ASX: GPR) announced an update on its Woodlark Gold Project at the AGM, emphasizing the project's robust economics and long-life potential as confirmed by the recently announced Definitive Feasibility Study (DFS). The Woodlark Gold Project, located in Papua New Guinea, is projected to produce strong free cash flow and has a rapid capital payback period. The updated Mineral Resource estimate for Woodlark includes 70.1 million tonnes at 0.88 g/t Au for 1.98 Moz Au, with an Ore Reserve of 34.3 Mt at 1.09 g/t Au for 1.2 Moz of gold. The project is expected to deliver significant returns with a post-tax NPV of A$1.3 billion at a gold price of A$5,500/oz, 18-month payback period, and strong post-tax IRR of 50.6%. The presentation also highlighted the exploration upside and the strategic importance of the Woodlark project in a supportive jurisdiction with existing permits in place.
Key Points
  • Woodlark Gold Project DFS confirms robust economics.
  • Project located in Papua New Guinea.
  • Projected production of 1.98 Moz Au.
  • Substantial free cash flow and rapid payback expected.
  • Post-tax NPV of A$1.3 billion at A$5,500/oz gold.
  • 18-month payback period and 50.6% IRR projected.
  • Exploration upside potential at Woodlark.
  • Existing permits in place for project development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.