InvestSMART

Geopacific Resources Ltd (ASX:GPR)

ALERT: Price-sensitive ASX Announcement for GPR
Current share price for GPR : $0.027 -0.004 (-12.90%)+
Announcement
Release
10 Sep 2025 8:40AM
Price at Release
$0.031
Full Release
download
Summary
Geopacific Resources Limited announced that the Papua New Guinea Minister for Mining has approved an extension to the key condition of the Woodlark Mining Lease, enabling flexibility for the development of the Woodlark Gold Project. The extension allows the construction and commissioning of the mine to be completed by 5 October 2027, aligning with the expected delivery of the Definitive Feasibility Study in Q4 CY2025. This decision highlights the PNG Government's support for advancing Woodlark as a significant gold development. The company has also submitted environmental documentation to support project improvements, reflecting in the DFS.
Key Points
  • Papua New Guinea Minister for Mining approved an extension to Woodlark Mining Lease Condition 7(ii).
  • The extension provides flexibility for the development of the Woodlark Gold Project, with the DFS on track for delivery in Q4 CY2025.
  • The construction and commissioning deadline for the Woodlark Mine is now 5 October 2027.
  • The PNG Government supports advancing Woodlark as a major new gold development.
  • Geopacific Resources Limited submitted an Environmental Permit Amendment Request to PNG's Conservation and Environment Protection Authority.
  • The company's CEO, James Fox, commended the government for its support and highlighted Woodlark's potential.
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.