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Geopacific Resources Ltd (ASX:GPR)

ALERT: Price-sensitive ASX Announcement for GPR
Current share price for GPR : $0.030 0.004 (15.38%)+
Announcement
Release
29 Jul 2026 8:17AM
Price at Release
$0.026
Full Release
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Summary
Geopacific Resources Limited reported its Quarterly Activities and Cashflow for the period ending June 30, 2026. A significant milestone achieved during this quarter was the completion of the Definitive Feasibility Study (DFS) for the Woodlark Gold Project, confirming it as a robust and economically viable long-life gold development project. The project is expected to have a post-tax NPV of A$1.3 billion and an IRR of 50.6% with an 18-month payback period. The updated Mineral Resource increased by 19% to 1.98 million ounces. The company has restructured its board, appointing Hamish Bohannan as Managing Director and Rowan Johnston as Chairman. Project execution activities have begun, including site upgrades and engineering optimizations. Geopacific is actively engaging with potential funding partners, targeting a Final Investment Decision (FID) by late 2026. As of June 30, 2026, Geopacific held A$7.5 million in cash and cash equivalents.
Key Points
  • Completion of the Definitive Feasibility Study (DFS) for Woodlark Gold Project.
  • Woodlark confirmed as a long-life gold development project with strong economics.
  • Updated Mineral Resource increased to 1.98 Moz.
  • Board restructuring with new leadership.
  • Project execution activities initiated.
  • Engagement with potential funding partners for a targeted FID by late 2026.
  • Cash and cash equivalents of A$7.5 million as of June 30, 2026.
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.