Geopacific Resources Limited (AU:GPR) has released an update.
Geopacific Resources Limited secures a strategic investment from Lingbao Gold International Company Ltd, with a A$2.9 million share placement aimed at advancing the 1.67 Moz Woodlark Gold Project in PNG. The investment follows a recent study forecasting strong returns and a resource increase at the project. Concurrently, Geopacific has also received support from the Deutsche Balaton Group, which will convert bonds to shares, further bolstering the company’s financial position for project development.
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