Woodlark costs up but cash improved

GEOPACIFIC Resources says an extensive technical review to provide increased confidence in its shovel-ready Woodlark gold project, two years after the definitive feasibility study was completed, has delivered improved economics, despite a higher capital cost.

Woodlark costs up but cash improved Woodlark costs up but cash improved Woodlark costs up but cash improved Woodlark costs up but cash improved Woodlark costs up but cash improved
Using a forecast gold price of $A2200 per ounce, and all-in sustaining costs of $1239/oz over the 13-year mine life, the review has increased post-tax net present value by 76% to $347 million, with an