About Us

Geopacific Resources

Geopacific Resources Limited (GPR:ASX) is an Australian listed mining and exploration company primarily focussed on the development of the high-grade Woodlark Gold Project in Papua New Guinea.

We are committed to delivering value through the sustainable development of the projects and communities we engage with.

 

Vision

Our vision is to be a responsible gold miner maximising equitable and inclusive local participation to create sustainable value for all stakeholders.

 

Our Investment Drivers

The underlying quality of the Woodlark Gold Project delivers significant investment drivers including:

High Margin Average All-in Sustaining Costs (AISC) of A$1,239/oz (US$904/oz) providing 43% margin at A$2,200/oz (US$1,606/oz)
Rapid Project Payback Near surface mineralisation and low strip ratio in the early production years to facilitate strong up-front cashflow profile resulting in a rapid post-tax project payback
Sizeable Ore Reserves +1 million ounce mine plan underpinned by Measured and Indicated Ore Reserves.
Long Life Current Ore Reserve provides 13 years of process plant feed – while the project remains heavily leveraged to further exploration success across the under explored substantial and highly prospective tenement package.
Low risk mining Conventional open pit mining of near surface mineralisation and proven industry standard 2.4 Mtpa carbon in leach (CIL) gold process plant reduce the projects technical risk
Shovel Ready All key project permits in place. Woodlark Mining Lease in place valid until 2034. All environmental permits in place.
Significant Exploration Potential 3 phased exploration strategy developed to target high value opportunities to extend mine life

 

Future Options

Our growth strategy revolves around increasing reserves and inventory to the current mine plan.  Considerable optionality exists to debottleneck and expand the mill footprint to accommodate increased ore feed.

At Woodlark, all our drill-defined resources remain open along strike, down dip and at depth.

We have a well defined Three Phase exploration strategy which focusses on:

  1. Pit extension exploration
  2. Mineral Lease
  3. Regional step out on to exploration leases

Drilling contractor, QED Exploration Drilling, is on site at the Woodlark Gold project in Papua New Guinea and will immediately commence the first exploration RC drilling campaign on site since 2018. Over 40,000 metres of drilling is targeted to be completed by the end of 2022.

Exploration has significant ability to add value to the project with every 100koz additional ore processed, at a grade of 0.5g/t, delivering $40m to post tax cashflow

 

Mining in Papua New Guinea

Papua New Guinea (PNG) has a long history of mining and hosts numerous world class gold mines in the highlands of the country and on islands in the maritime provinces.

Mining is a key contributor to the PNG economy with approximately 2.6 million ounces of gold production per annum. Successful gold production is underpinned by a proven mining investment jurisdiction with a long history of well-tested mining legislation, a democratic government and stable fiscal environment.

PNG is a member of the Commonwealth, Asia-Pacific Economic Cooperation (APEC) and World Trade Organisation (WTO). It holds a strong bilateral relationship with Australia including trade, taxation and investment protection.