Our board moves wrap includes Graham Ascough, Rowan Johnston, Hamish Bohannan, Andrew Bantock, Richard Clayton, Alex Eastwood, Danielle Webber, and Matthew Driscoll.
Our board moves wrap includes Shane McDermott, Alex Forcke, Mike Brook, Richard Clayton, Hansjoerg Plaggemars, Ian Murray, Colin Gilligan, Robert Igara, Sally Martin, Robert Edwards, Derek La Ferla, and Richard Holmes.
Our board moves wrap includes Neil Inwood, John Welborn, Justin Reid, Charles Lepani, Shane McLeay, Aaron Treyvaud, Jeff McGlinn, John Boland, and David Ledger.
Our board moves wrap includes Tom Peregoodoff, Michael Meintjes, Ryan Welker, Kevin Gallagher, Alexandra Andrews, Benjamin Donovan, Mark Okeby, Jim Simpson, Rob Tyson, Simon Hadfield, and Rick Deurloo.
Larvotto Resources is among a long list of gold explorers seeking to trade on the ASX, this month announcing plans to raise up to $10 million through its IPO.
Our board moves wrap includes Mark Clements, John Palermo, Trevor Stoney, Boyd Timler, Edward Mead, Joan Dabon, Kim Hogg, Qiang Du, CanWu Zheng, HuiJie Duan, LingQuan Kong, Kevin Tomlinson, Trevor Schultz, Jess Oram, David Sproule, Michael Meintjes, and Graeme Rapley.
Our board moves wrap includes John McGlue, Trevor Stoney, Adam Miethke, Charles Lepani, Brett Hazelden, Rudolph van Niekerk, Paul Cronin, Eric de Mori, Cameron Williams, and Stefan White.
Sophisticated investors have agreed to sink $40m into ASX-listed Geopacific Resources to help develop its Woodlark Gold Project in PNG. Ordinary shareholders will also get the chance to stock up at the same price to the tune of a further $5m with a $30k limit per subscriber. The 1-million-ounce reserve Woodlark gold project looks like generating a pre-tax net cash flow of at least $754m before upside.
Geopacific Resources has completed a $40 million share placement, and aims to raise a further $5 million via a share purchase plan to fund its $198.5 million Woodlark gold project in Papua New Guinea.
Geopacific Resources has strengthened its Board with the appointment of former Gold Road Resources Managing Director Ian Murray as a non-executive director to assist with the development of its Woodlark gold project in PNG. He played a key role in progressing Gold Road's Gruyere project from an exploration play through to a mining operation that is scheduled to produce 300,000 ounces of gold per annum in joint venture with Gold Fields.
Claremont-based Geopacific Resources has appointed GR Engineering Services as the engineering, procurement and construction contractor for the processing plant at its Woodlark gold project in Papua New Guinea.
Geopacific Resources has appointed Perth-based GR Engineering as the engineering, procurement and construction contractor for the processing plant at its Woodlark gold project in Papua New Guinea. The agreement covers the planned 2.4 million tonne per annum carbon in leach facility, tailings line and other supporting infrastructure with the potential for early works to procure tenders and pre-order long-lead items.
Geopacific Resources is free to advance the financing stage for the construction of its Woodlark gold project in PNG, after concluding its independent due diligence technical work programs and reporting, which showed no “fatal flaws” to its development. The review was commissioned by a group of potential lenders for the project, who have signed non-binding term sheets to finance operational start-up.
Geopacific Resources has revealed a 78% uplift in the estimated pre-tax net cash flows from its Woodlark gold project in PNG, based on gold prices at AUD$2,000 per ounce, compared with the base case scenario of AUD$1,650 per ounce used in last November's DFS. The fully permitted and proposed low strip ratio open pit operation provides life of mine margins near AUD$1,000 per ounce, with payback in 1.4 years.
Geopacific Resources has acquired 100% direct ownership of the Woodlark gold project in PNG after buying out Kula Gold's remaining share for a cash and scrip transaction worth about $3.29m. The deal represents exquisite timing for the company, with the gold price nearly 25% higher than that assumed in November's DFS for Woodlark, which already outlined robust economic metrics and strong margins to develop the project.
Petra Capital has produced a research report comparing the value of recent M&A transactions in the junior gold sector with Perth based, ASX-listed PNG gold explorer and developer, Geopacific Resources. Geopacific is sitting on nearly 1.6 million gold ounces in PNG and has access to a wider goldfield on the Pacific island that looks to be highly prospective for the elusive yellow metal.
Geopacific Resources has appointed former Bank South Pacific Limited Group CEO Ian Clyne as its Chairman to drive financing arrangements for the company's flagship Woodlark gold project in PNG. Last November, the company released a DFS supporting the project's development, saying the project could generate $257m in free cash during the first five years of production and about 1 million gold ounces over 13 years.
Kairos Minerals has started its exploration field season in WA's Pilbara region on two fronts, following up extensive surface gold anomalies previously identified at the Croydon project and investigating the gold and lithium potential of its Kangan project. At Croydon, work is underway to investigate a prospective conglomerate horizon along strike from recent gold nugget discoveries and anomalous results from geochemical sampling.
Geopacific Resources has raised $4.3 million via a share placement, with the funds set to advance due diligence in relation to the financing of its $198.5 million Woodlark gold project.
Eon NRG is pleased to announce that the Company's rights issue, as detailed in the Prospectus dated 6 February 2019, has been well supported by Eon's shareholders and new investors and is now close
Geopacific Resources will secure full ownership of the flagship Woodlark gold project in PNG by paying JV partner Kula Gold AUD$3.25m for the remaining 7% of the project it does not already control. The timing is quite strategic, with gold prices sitting 10% above the company's base case scenario used in last year's DFS for Woodlark, which delivered robust economic and technical outcomes for the project.
Geopacific Resources has completed its DFS for the Woodlark gold project in PNG, demonstrating a high margin operation, with an initial mine life of 13 years. The project generates a post-tax NPV of $197m and an IRR of 29%, with payback just over 2 years. Woodlark will produce about 100,000 ounces of gold annually for the first 5 years at an all-in sustaining cost of just $866 per ounce.
Geopacific Resources has improved its understanding of the mineralisation controls at the Great Northern prospect at its Woodlark gold project in Papua New Guinea after making a number of gold hits including a top intercept of 21.77g/t gold. Follow-up drilling will be carried out to further define the mineralisation and move it towards the resource category.
Aspire Mining is pleased to announce that pre-commitments for the minimum $1.7 million dollar raising condition of the $15m Strategic Funding package have been received.
Geopacific Resources has reported more impressive gold results from soil sampling at its Woodlark project in PNG, defining a new exploration target at the Talpos prospect covering over 1 square kilometre in area. The work returned highly encouraging assays up to 3.36g/t gold in soils. The company also revealed rock chip samples up to 48.4g/t gold from the Watou prospect that was also recently identified by soil sampling.
Geopacific Resources has increased its effective interest in the promising Woodlark Island gold project in PNG to 93%. The company recently achieved its second tranche milestone with project JV partner Kula Gold Limited, of which Geopacific owns an 85% stake. On site, the company is continuing its extensive soil sampling program, which has outlined multiple targets and a DFS is also well underway.
Geopacific Resources has discovered some seriously high grade gold and copper anomalies from soil sampling at its Woodlark project in PNG. Samples of up to 32g/t gold and 1.4% copper were returned from soils across several mineralised corridors in the southern region. At Loluai, soil values peaked at 0.56% copper and 0.79g/t gold, whilst at Norac, soil values peaked at 0.97% copper in a 3 square kilometre corridor.
Geopacific Resources has discovered high grade gold anomalies from a detailed soil sampling program being undertaken at its Woodlark project in PNG. Samples of up to 6.28g/t gold in soils have defined a corridor over 1.4km long through the historical Watou area. The company also defined 3 clusters of anomalous gold results adjacent to its existing Woodlark King resource, with one anomaly having had no previous exploration.
Colin Gilligan has been appointed non-executive director of Geopacific Resources. Mr Gilligan is a mining engineer with over 25 years' experience in the resources sector.
Geopacific has initiated a major exploration program at its Woodlark gold project in PNG. The company recently raised $10m and will channel the funds towards increasing its mineral resource inventory with a view to extending the proposed mine life beyond 10 years. Drilling will focus on under-explored, high grade structural corridors and historical targets between and adjacent to the large Kulumadau and Busai gold deposits.
