Sydney, Aug 28, 2018 AEST (ABN Newswire) - Geopacific Resources (
ASX:GPR) (GPACF:OTCMKTS) is developing the 1.6Moz Au Woodlark gold project in Papua New Guinea, where a Definitive Feasibility Study is due to be released during the current quarter. Managing Director Ron Heeks provided an update on the projects development, recent exploration activities as well as a change in the projects ownership.
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About Geopacific Resources Ltd
Geopacific Resources Ltd (ASX:GPR) has been listed on the Australian Stock Exchange (ASX) since 2006. The Company's initial activities were on its tenement holdings in Fiji where its exploration activities have identified several highly prospective project areas.
When Geopacific merged with World Wide Mining in 2013 the Company became a regional explorer with an Asia-Pacific-focus – adding the Kou Sa Project in Cambodia to its existing Fijian Projects. Economic conditions then led the Company to adopt a single-project strategy, focussed on Kou Sa. The experience of Geopacific's Board and Senior Management Team equips the Company with the capability and capacity to run projects concurrently – exploration at the Fijian Projects will therefore recommence while work at Kou Sa continues.
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