Geopacific Resources Gains Key Investment for Woodlark Project

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2024.08.25 22:47
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Geopacific Resources Limited (AU:GPR) has secured a strategic investment of A$9 million from Lingbao Gold International Company Ltd to advance its Woodlark Gold Project in PNG. This investment follows a study indicating strong returns and an increase in resources at the site. Additionally, support from the Deutsche Balaton Group will strengthen Geopacific's financial position as they convert bonds to shares for project development.