Geopacific Resources is expecting to deliver its definitive feasibility study (DFS) for the 1.67 million ounce Woodlark gold project in the first quarter of next year.
The company has told investors that strong progress has been made on each of its major workstreams, considering the mining, processing, infrastructure, environmental and geotechnical requirements of the project. The majority of technical components are expected to be substantially complete by the end of 2025.
While the company had originally targeted the current quarter for the DFS release, it has extended the completion date to allow for the integration of several value-enhancing and de-risking projects. Allowing their inclusion will ensure a more robust project plan is presented in 2026.
With the spot gold price approximately 115 per cent higher than the financial assumptions used in the previous study, the company is also taking the opportunity ensure the DFS reflects the best configuration for long-term project operability and economics.
Geopacific chief executive officer James Fox said the extension of the DFS would allow for a more informed and better prepared project to hit the ground running.
“As the DFS has progressed, a number of optimisation opportunities have been identified and advanced with the potential to materially improve the long-term value, and further de-risk the execution and operation of the Woodlark project,” he said.
“Extending delivery of the DFS allows us to incorporate these enhancements into the final design.
“This approach ensures we are delivering a high-quality, technically robust, and finance-ready feasibility study that positions Woodlark for the strongest possible economic outcomes.”
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