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Geopacific Resources Limited ( (AU:GPR) ) has provided an update.
Geopacific Resources has reported new high-grade, near-surface gold intercepts from infill drilling at the Wayai Creek deposit within its Woodlark Gold Project, including standout results such as 17 metres at 5.29 grams per tonne gold from 36 metres. These results further define a coherent shallow, high-grade mineralised corridor over roughly 550 metres of strike, increase confidence in the existing Mineral Resource, and support the potential for efficient resource growth and mine life extension. Drilling is continuing at Wayai Creek to test southern extensions and improve drill density, while programs at Little MacKenzie and below the Busai deposit are targeting additional extensions and refinement of the geological model, all feeding into ongoing resource updates and the finalisation of the Woodlark definitive feasibility study.
The most recent analyst rating on (AU:GPR) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Geopacific Resources Limited stock, see the AU:GPR Stock Forecast page.
More about Geopacific Resources Limited
Geopacific Resources Limited is an ASX-listed gold exploration and development company focused on advancing its 1.67-million-ounce Woodlark Gold Project in Papua New Guinea. The company targets near-mine resource extensions and emerging discovery opportunities around existing deposits and planned infrastructure to support future mine development and life-of-mine expansion.
YTD Price Performance: 43.24%
Average Trading Volume: 1,014,912
Technical Sentiment Signal: Buy
Current Market Cap: A$169.9M
See more data about GPR stock on TipRanks’ Stock Analysis page.