Woodlark DFS delivers for Geopacific and Kula

GEOPACIFIC Resources has released the definitive feasibility study for the promising Woodlark gold project on Papua New Guinea’s Woodlark Island that describes a “robust” A$202 million project that could be paid back within 2.2 years of development.

Woodlark DFS delivers for Geopacific and Kula Woodlark DFS delivers for Geopacific and Kula Woodlark DFS delivers for Geopacific and Kula Woodlark DFS delivers for Geopacific and Kula Woodlark DFS delivers for Geopacific and Kula

All smiles at Geopacific after a promising DFS for Woodlark.

Geopacific managing director Ron Heeks said Woodlark DFS had demonstrated a high-margin, long-life operation with an enviable exploration upside. 
 
"Payback is fast, cash generation is high and exploration has the potential to provide significant organic growth," he said.
 
The DFS, completed by Lycopodium, outlines an initial 13-year mine life based on three pits at Kulumadau, Busai and Woodlark King.
 
The project would generate total revenue of $1.6 billion, resulting in cashflow of $626 million for Geopacific (51%, moving to 75%) Kula Gold (49%) with some 967,000 ounces produced over the 13-year life, frontloaded to the first five years with around 522,000oz produced, and production dro...

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