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Larvotto Resources has identified multiple new copper-gold-cobalt drill targets following a recent induced-polarisation geophysical survey at its Mt Isa project, adjacent to the historic town of the same name in north-west Queensland. The company is now planning reverse-circulation and diamond drilling at three main targets in the tough and hilly terrain across its prospective project area.

Channel sampling at Larvotto Resources' Hillgrove gold-antimony project in NSW has delivered sparkling assays going as high as 63 grams per tonne gold, 13.82g/t silver and more than 30 per cent antimony. Management says the impressive results highlight the high-grade nature of the operation, while samples from the 1.5-million-tonne historical tailings facility recorded gold grades exceeding the average of many operating open pit mines.

Larvotto Resources' $8m acquisition of the Hillgrove project in NSW comes with a million ounces of gold, Australia's biggest antimony resource, gold-laced tailings and a mothballed processing plant and exploration package that has soaked up $200m. The project was put on the chopping block by administrators when Red River Resources experienced a fall-of-ground event at its Thalanga base metals mine in Queensland and never recovered.

Larvotto Resources has kicked off a 2000m diamond drilling program to test previous high grade gold intercepts at its recently acquired 100 per cent owned Hillgrove project, 23km east of Armidale in NSW. Drilling will focus on the Bakers Creek area, which was the first locality opened up in the Hillgrove area by miners in 1877 who concentrated on the extraction of gold rather than the accompanying antimony.

Larvotto Resources has finished a metallurgical auger drill program to determine just how much gold, tungsten and antimony was left behind in tailings from mining campaigns dating back to the eighties at its Hillgrove project in NSW. Encouragingly, old records show gold averaging 1.34 grams per tonne and plenty of tungsten was shipped into the 1.4m tonnes of tailings during historic antimony mining.

Larvotto Resources says new testwork shows it can simply and efficiently upgrade rare earths samples from its Eyre multi-element project in Western Australia's Goldfields region by using a hydrometallurgical cyclosizer. AC drilling last April at Eyre's Merivale South prospect returned impressive total rare earth oxides results of up to 1.26 per cent, or 12,611ppm, including 3787ppm magnetic rare earth oxides.

Larvotto Resources has lit up a slew of new drill targets at its Mt Isa copper-gold-cobalt project in Queensland after collecting more than 6200 samples from a geochemical soil sampling program last year. Key areas highlighted for further exploration include the Ballara Saddle, Portal Creek, IXL and Psamathe targets, with a geophysical induced-polarisation survey already underway.

ASX-listed Larvotto Resources is looking at a major transitional change from mineral explorer to producer after confirming it had picked up the Hillgrove gold-antimony project in NSW for a song. The company acquired the 1.4-million-ounce gold equivalent operation after entering into a binding term sheet with the administrators of former owner Red River Resources for a purchase price of less than $6 per ounce.

Sophisticated investors have agreed to sink $40m into ASX-listed Geopacific Resources to help develop its Woodlark Gold Project in PNG. Ordinary shareholders will also get the chance to stock up at the same price to the tune of a further $5m with a $30k limit per subscriber. The 1-million-ounce reserve Woodlark gold project looks like generating a pre-tax net cash flow of at least $754m before upside.

Geopacific Resources has strengthened its Board with the appointment of former Gold Road Resources Managing Director Ian Murray as a non-executive director to assist with the development of its Woodlark gold project in PNG. He played a key role in progressing Gold Road's Gruyere project from an exploration play through to a mining operation that is scheduled to produce 300,000 ounces of gold per annum in joint venture with Gold Fields.

Geopacific Resources has appointed Perth-based GR Engineering as the engineering, procurement and construction contractor for the processing plant at its Woodlark gold project in Papua New Guinea. The agreement covers the planned 2.4 million tonne per annum carbon in leach facility, tailings line and other supporting infrastructure with the potential for early works to procure tenders and pre-order long-lead items.

Geopacific Resources is free to advance the financing stage for the construction of its Woodlark gold project in PNG, after concluding its independent due diligence technical work programs and reporting, which showed no “fatal flaws” to its development. The review was commissioned by a group of potential lenders for the project, who have signed non-binding term sheets to finance operational start-up.

Geopacific Resources has revealed a 78% uplift in the estimated pre-tax net cash flows from its Woodlark gold project in PNG, based on gold prices at AUD$2,000 per ounce, compared with the base case scenario of AUD$1,650 per ounce used in last November's DFS. The fully permitted and proposed low strip ratio open pit operation provides life of mine margins near AUD$1,000 per ounce, with payback in 1.4 years.

Geopacific Resources has acquired 100% direct ownership of the Woodlark gold project in PNG after buying out Kula Gold's remaining share for a cash and scrip transaction worth about $3.29m. The deal represents exquisite timing for the company, with the gold price nearly 25% higher than that assumed in November's DFS for Woodlark, which already outlined robust economic metrics and strong margins to develop the project.

Petra Capital has produced a research report comparing the value of recent M&A transactions in the junior gold sector with Perth based, ASX-listed PNG gold explorer and developer, Geopacific Resources. Geopacific is sitting on nearly 1.6 million gold ounces in PNG and has access to a wider goldfield on the Pacific island that looks to be highly prospective for the elusive yellow metal.

Geopacific Resources will secure full ownership of the flagship Woodlark gold project in PNG by paying JV partner Kula Gold AUD$3.25m for the remaining 7% of the project it does not already control. The timing is quite strategic, with gold prices sitting 10% above the company's base case scenario used in last year's DFS for Woodlark, which delivered robust economic and technical outcomes for the project.

Geopacific Resources has completed its DFS for the Woodlark gold project in PNG, demonstrating a high margin operation, with an initial mine life of 13 years. The project generates a post-tax NPV of $197m and an IRR of 29%, with payback just over 2 years. Woodlark will produce about 100,000 ounces of gold annually for the first 5 years at an all-in sustaining cost of just $866 per ounce.

Geopacific Resources has improved its understanding of the mineralisation controls at the Great Northern prospect at its Woodlark gold project in Papua New Guinea after making a number of gold hits including a top intercept of 21.77g/t gold. Follow-up drilling will be carried out to further define the mineralisation and move it towards the resource category.

Geopacific Resources has reported more impressive gold results from soil sampling at its Woodlark project in PNG, defining a new exploration target at the Talpos prospect covering over 1 square kilometre in area. The work returned highly encouraging assays up to 3.36g/t gold in soils. The company also revealed rock chip samples up to 48.4g/t gold from the Watou prospect that was also recently identified by soil sampling.

Geopacific Resources has increased its effective interest in the promising Woodlark Island gold project in PNG to 93%. The company recently achieved its second tranche milestone with project JV partner Kula Gold Limited, of which Geopacific owns an 85% stake. On site, the company is continuing its extensive soil sampling program, which has outlined multiple targets and a DFS is also well underway.

Geopacific Resources has discovered some seriously high grade gold and copper anomalies from soil sampling at its Woodlark project in PNG. Samples of up to 32g/t gold and 1.4% copper were returned from soils across several mineralised corridors in the southern region. At Loluai, soil values peaked at 0.56% copper and 0.79g/t gold, whilst at Norac, soil values peaked at 0.97% copper in a 3 square kilometre corridor.

Geopacific Resources has discovered high grade gold anomalies from a detailed soil sampling program being undertaken at its Woodlark project in PNG. Samples of up to 6.28g/t gold in soils have defined a corridor over 1.4km long through the historical Watou area. The company also defined 3 clusters of anomalous gold results adjacent to its existing Woodlark King resource, with one anomaly having had no previous exploration.

Geopacific has initiated a major exploration program at its Woodlark gold project in PNG. The company recently raised $10m and will channel the funds towards increasing its mineral resource inventory with a view to extending the proposed mine life beyond 10 years. Drilling will focus on under-explored, high grade structural corridors and historical targets between and adjacent to the large Kulumadau and Busai gold deposits.

Geopacific has announced a $10M placement to advance its resource development drilling at the Woodlark gold project in PNG. The company is completing a DFS and the new drill programs are aimed at increasing resource and reserve inventories to extend the initial mine life beyond 10 years. The capital raise had strong support and the company said it could now potentially triple its gold endowment.

Geopacific Resources has made its second high-grade gold and silver discovery in three months at its 85%-owned Kou Sa project in northern Cambodia and found more evidence that a large epithermal mineral system could be nearby. The latest discovery was made by an exploration program that returned gold assays up to 32.35 g/t and silver assays up to 2,300 g/t.

Things could move quickly for Geopacific after its DFS hits the streets in the third quarter of this year given that its Woodlark Island gold project in PNG is already sitting on a fully permitted and granted mining lease. The PFS was completed in March and showed a robust, 100,000 ounce a year, low cost, low stripping ratio open pit operation with an expected post tax 2 year payback.

Geopacific Resources looks set to join the coveted ranks of the 100,000 ounce a year club with its Woodlark Gold Project in Papua New Guinea for at least the next ten years. The company's share price rose 20% ahead of the highly anticipated pre-feasibility study, which is now on the street and hasn't disappointed with a projected all in sustaining cost to produce each ounce of gold below the magical AU$1000 an ounce mark.

Geopacific is toasting the gift that keeps on giving at its Woodlark gold project in Papua New Guinea, which has delivered more high-grade intercepts in assay results from a 22-hole drilling campaign at the Boscalo area. The Perth company is on track to develop a world-class gold mining operation at Woodlark as it targets a revised ore reserve estimate of one million ounces plus by next month.

Geopacif Resources shareholders can look forward to a flood of material news this year with a new resource and reserve estimate due out soon ahead of a DFS at the end of the year. The Woodlark gold project in PNG is also fully permitted to mine after passing all environmental, technical and social hurdles. The company is confident that development work in 2017 gives encouraging impetus for producer status in the not too distant future.

Geopacific Resources has reminded investors there is more to the company than just their flagship Woodlark gold project in PNG with news of a gold-silver discovery at their legacy Kou Sa project in northern Cambodia. The epithermal gold specialist this week reported a number of drill hits of high-grade gold in unusually wide zones of mineralisation that suggested potential for a big mineral system.

Geopacific Resources has discovered a significant new gold zone at the Woodlark gold project in PNG, boosting hopes that in time it could grow into something more like its multitude of Tier 1 neighbours. The new Boscalo gold zone is only 300 metres from an existing deposit and could potentially be incorporated into an expanded pit design. The best result at Boscalo was 12m @ 7.45 g/t gold.

Drilling by Geopacific Resources at their recently acquired Woodlark Gold deposit in PNG has shown it has spectacularly long high grades like its famous epithermal neighbours. The path has now been cleared for a new resource and reserve estimate early next year. Latest results from the new drilling include 37 metres at 6.21g/t gold, 25 metres at 6.27g/t and 16 metres at 11.00g/t.

Geopacific are off and running with the giants in PNG with their Woodlark project that sits dead centre in the middle of some of the largest gold and copper resources in the world. Woodlark Island is surrounded on every side by amazing projects that range from 17m ounces of gold up to Freeport's stunning 63m ounce project. Geopacific picked up the majority of it for a song from Kula Gold who spent $150m on it.