Geopacific Resources Limited (AU:GPR) has released an update.
Geopacific Resources Limited has announced promising results from the scoping study of its 100% owned Woodlark Gold Project in Papua New Guinea, forecasting substantial free cash flow and a rapid 18-month payback from the start of production over a 12-year mine life. The study outlines robust project economics with a pre-tax net present value (NPV) of A$625 million and an internal rate of return (IRR) of 40.5%, leveraging a conservative gold price of A$2,900/oz, with significant potential for increased value at current spot prices. The company remains focused on advancing technical and environmental studies to further optimize and de-risk the project.
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