What Geopacific Resources does

Geopacific Resources Limited (ASX: GPR) is an Australian-listed, pre-revenue single-asset gold developer focused on advancing the 100%-owned Woodlark Gold Project on Woodlark Island, Papua New Guinea. The company's core asset hosts a Mineral Resource of 1.663 million ounces of gold at 1.07 g/t Au, with 94% classified in Measured and Indicated categories per the December 2022 update. A second exploration-stage project, Kou Sa (copper-gold), sits alongside Woodlark in the portfolio but is secondary to the development focus.

Technically, the project is designed around conventional open-pit mining and standard gold processing flowsheet, with a Scoping Study outlining a long-life operation with pre-tax NPV8% of A$625M (US$419M), IRR of 40.5%, AISC of A$1,534/oz (US$1,028/oz), pre-production capital of A$326M, and projected life-of-mine free cashflow of A$1,272M against A$3,312M LOM revenue. The company employs 51–100 staff across its Claremont (WA) headquarters and PNG project operations, supplemented by over 100 local Woodlark Islander workers and contractors.

Geopacific is currently a pre-revenue developer; its future revenue model is one-time sale of gold (with silver credits) to refiners and precious-metals traders once Woodlark enters production. Its go-to-market is effectively a development-partner / project-finance motion — the company is in strategic review dialogue with potential development partners and engaging capital markets via ASX announcements, investor presentations, and independent research coverage. Headquartered at Level 1, 278 Stirling Highway, Claremont WA, the company was incorporated in 1986 in New South Wales and is led by Managing Director Hamish Bohannan, with Matthew Smith serving as CFO and Interim CEO.

Name

Geopacific Resources

Legal name

Geopacific Resources Limited

Website

https://geopacific.com.au

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

51–100 employees

Short description

Geopacific Resources (ASX: GPR) is an Australian-listed, pre-revenue gold developer advancing the 100%-owned 1.6Moz Woodlark Gold Project in Papua New Guinea, targeting a future single-asset gold production business.

Ownership category

akta.pro rank

Product category

Gold Mining Development

NAICS

Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

akta.pro secondary industry

Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Gold mining development
• Mineral resource extraction
• Gold project development
• Copper-gold exploration
• Precious metals mining

Headquarters

HQ city

Claremont

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Gold Production and Sales: Pre-revenue mining development company focused on developing the Woodlark Gold Project. Once in production, revenue will be generated through the sale of gold and silver extracted from the project. The scoping study projects strong operating margins and significant free cash flow from a long-life operation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Geopacific Resources is an Australian-listed gold-copper development company focused on advancing the 100%-owned Woodlark Gold Project on Woodlark Island, Papua New Guinea, which hosts a Mineral Resource of approximately 1.663 million ounces of gold at 1.07 g/t Au. The company uses conventional open pit mining and standard gold processing methods and is currently pre-revenue, pursuing a development-focused strategy with strategic review dialogue to bring the project into production. The company also holds the Kou Sa Copper/Gold Project as an exploration asset.

Product overview

Geopacific Resources Limited is a single-asset Australian listed mining company focused on the development of the Woodlark Gold Project in Papua New Guinea. The company does not operate a multi-product portfolio; its sole primary asset is the Woodlark Gold Project, a 1.6Moz advanced gold development project. The company also holds the Kou Sa Copper/Gold exploration project. The Woodlark project encompasses the core product offering, with Mineral Resource statements, scoping studies, and exploration activities supporting the development plan.

Differentiator

Problem solved

Functional benefit

Products and services

• Woodlark Gold Project A 100%-owned advanced gold development project located on Woodlark Island in Papua New Guinea, with a Mineral Resource of 1.663 million ounces of gold at 1.07 g/t Au. It is Geopacific Resources' primary focus and sole producing asset under development, planned to use conventional open pit mining and gold processing methods with a projected AISC of A$1,534/oz.
• Kou Sa Copper/Gold Project A copper-gold exploration project held by Geopacific Resources, mentioned alongside the Woodlark Gold Project as part of the company's exploration portfolio and providing secondary exposure to copper-gold mineralisation.

Quantifiable outcome

• NPV8% of A$625M (US$419M) pre-tax with IRR of 40.5% and 1.5 year payback
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Specialist Papua New Guinea Based ConsultantssupportingImplementation/ SI/ Consulting PartnerSpecialist Papua New Guinea based consultants have been engaged to assist and provide training to local landowners in relation to business establishment, management and governance as part of the community development program.

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Capricorn Metals: Australian-listed gold developer/emerging producer with a single primary project (Karlawinda) at a comparable stage of development. Highly relevant direct peer as both companies are single-asset ASX gold developers progressing from scoping/DFS to construction.
• Ramelius Resources: Mid-tier ASX-listed gold producer with multiple Australian operations. Comparable as an Australian gold miner with a focus on cost-efficient production, providing a benchmark for what a successful Woodlark could look like at scale.
• St Barbara Limited: ASX-listed gold producer with Australian and PNG operations (Simberi gold mine in PNG). Closely comparable given the PNG operational overlap, providing direct read-across to jurisdiction, cost structure, and community-relations dynamics relevant to Woodlark.
• Perseus Mining: ASX/TSX-listed mid-tier gold producer with African operations (Edikan, Sissingué, Yaouré). Highly relevant peer as a single-asset-to-multi-asset gold developer that has successfully transitioned from development to production with similar project economics profile.
• West African Resources: ASX-listed gold developer/producer with West African operations. Comparable as a single-asset gold developer that has successfully transitioned to production and expanded resources through exploration success.

Broad incumbents

• Evolution Mining: Major ASX-listed gold producer with a portfolio of Australian gold mines. Comparable as a benchmark for what a scaled-up, multi-asset Australian gold producer's economics and valuation multiples look like.
• Newcrest Mining: One of the world's largest gold miners, ASX-listed, with PNG operations (Lihir). Provides a benchmark for large-scale PNG gold operations and a potential development partner/acquirer for Woodlark.

Regional players

• Harmony Gold: Major South African gold producer with global operations. Comparable as a pure-play gold miner providing read-across to gold price sensitivity and jurisdictional risk management relevant to single-asset gold developers.

Emerging players

• Sunstone Metals: ASX-listed junior explorer/developer with copper-gold projects. Comparable as an ASX-listed small-cap mineral developer at a similar stage, with a Non-Executive Chairman (Graham Ascough) shared with Geopacific's board.
• PNX Metals: ASX-listed gold developer with Northern Territory and South Australian projects. Comparable as a small-cap Australian gold developer with multiple projects at various development stages, providing a peer benchmark for valuation and project economics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/geopacific_gpr
• LinkedInlinkedin.com/company/geopacific-resources-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Geopacific Resources