Geopacific takes big hit on Woodlark

GEOPACIFIC Resources has warned it will take an on-paper hit to the carrying value of its stalled gold project in Papua New Guinea.

Geopacific takes big hit on Woodlark Geopacific takes big hit on Woodlark Geopacific takes big hit on Woodlark Geopacific takes big hit on Woodlark Geopacific takes big hit on Woodlark

Geopacific's Woodlark started development in 2021

The company, which is worth around A$15 million and has some $5 million in cash, will impair the value of its 1.