Geopacific Resources Limited (ASX: GPR) is an emerging producer focused on developing the 1.6Moz Woodlark Gold Project (Woodlark), which is located on an island in Papua New Guinea.
The Company presents an attractive investment proposition in the pre-development space. Woodlark is development ready, permitted and undergoing commercialisation by Geopacific’s experienced team who hold a particularly strong track record in developing overseas mining projects.
Geopacific also holds the key to unlock the true scale of the highly prospective multi-million ounce goldfield.
Ron Heeks – Managing Director
Ron Heeks, a geologist with over 30 years of experience in the mining industry, Ron has held senior roles in exploration, mine development, and management. His specialty is re-working resource projects in South-East Asia to turn them into profitable operations, particularly in challenging environments and those that require barge-supported logistics. Ron has garnered the financial support of industry-leading, resource funds resulting in investments to majority shareholding positions.
What is your rationale for attending 121 Mining Investment?
Seeking to identify high net worth investors, funds and financiers and make the market aware that the Woodlark Gold Project is development-ready, poised for gold production and holds significant exploration upside. The Company would like to leverage this potential to identify investors to support the current significant shareholder base and potential development financiers.
What recent news would you like to highlight to investors attending?
Geopacific has completed a Definitive Feasibility Study and key technical aspects have been validated by independent technical experts. A letter of intent has been issued to Industry leaders, GR Engineering Services Ltd to construct the gold processing plant. An extension to the construction timeline of Woodlark’s Mining Licence has been approved by the PNG Mining Minister. Ian Murray, former MD of Gold Road Resources has been appointed to the board and brings significant experience in project development. Murray was instrumental in developing the world class Guyere Project from exploration play through to a fully funded gold project.
What are your key goals for the next 3, 6 and 12 months?
Secure project financing and advance project execution.
Secure project financing and commence development.
Development and construction of the Woodlark Gold Project.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Political and geographic risk. PNG has a long history of attracting foreign investment through mining and exploration. Mining permits are in place and the PNG MRA recently approved an extension to the construction timeline in Woodlark’s Mining Licence. The approval comes after James Marape’s election as PM and demonstrates that PNG is a proven mining jurisdiction that provides a stable platform to progress in a timely manner.
Island location. Geopacific’s team has successful experience with seaborne logistics and developing projects in remote locations. The island benefits from flat topography and a supportive community who have minimal external social and political influences.
In a sentence, what do you think makes your company such a compelling investment?
Woodlark is development-ready and poised for gold production as it is permitted and strongly leveraged against its peers.