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Geopacific Resources Limited ( (AU:GPR) ) has provided an announcement.
Voltaic Strategic Resources Ltd has acquired a 4.2% stake in Geopacific Resources Limited, investing $2.653 million to gain exposure to the Woodlark Island Gold Project in Papua New Guinea. This investment positions Voltaic as a strategic partner in a mature gold development project with substantial potential, supported by leading investors like Deutsche Balaton and Patronus Resources. The project is well-capitalized with $40 million raised and has a pre-tax NPV of A$625 million, highlighting its economic feasibility and strategic importance in the gold mining sector.
More about Geopacific Resources Limited
Geopacific Resources Limited operates within the mining industry, focusing primarily on gold exploration and development. The company is engaged in the development of the Woodlark Island Gold Project in Papua New Guinea, which has significant resources and exploration potential.
YTD Price Performance: -60.0%
Average Trading Volume: 10,000
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $41.85M
For detailed information about GPR stock, go to TipRanks’ Stock Analysis page.
