GEOPACIFIC RESOURCES LTD - ASX Briefs

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GEOPACIFIC RESOURCES LTD (ASX: GPR)

GPR: Management Update

GEOPACIFIC RESOURCES LTD

Geopacific Resources Limited announces Mr Richard Clayton returning to his role as Non-Executive Director, while Mr Matthew Smith becomes Interim CEO.
Independent Non-executive Director, Mr Michael Brook, will assume an Executive Director role on a part-time basis.
The recruitment process for a permanent CEO is underway, with interviews taking place for a shortlist of candidates.

2023-04-17 08:21:00

GPR: Successful Completion of Institutional Offer

GEOPACIFIC RESOURCES LTD

Geopacific Resources Limited successfully completes the institutional component of its $6 million Entitlement Offer at $0.020 per share.
The Institutional Entitlement Offer raises approximately $2 million, with the Retail Entitlement Offer expected to raise around $4 million.
Trading for GPR shares is set to recommence on the ASX on an ex-entitlement basis, with the Retail Entitlement Offer opening on 6 April 2023 and closing on 19 April 2023.

2023-04-03 09:52:00

GPR: Fully Underwritten $6 million Capital Raising

GEOPACIFIC RESOURCES LTD

Geopacific Resources Limited launches a fully underwritten $6 million non-renounceable entitlement offer at $0.020 per share
The Entitlement Offer is underwritten by major shareholder Deutsche Balaton AG (Delphi)
Funds raised will be used for phase one study works in 2023, geological exploration, village relocation program, working capital, and offer costs

2023-03-30 08:16:00

GPR: Corporate Update

GEOPACIFIC RESOURCES LTD

The company expects to recognise a non-cash impairment charge of $55-65 million for the Woodlark Island Gold Project in the upcoming Financial Report
The impairment charge has no impact on cashflows
The search for a new permanent CEO continues, and the role is currently being filled by interim CEO Richard Clayton

2023-03-27 08:11:00

GPR: Woodlark Gold Project Update

GEOPACIFIC RESOURCES LTD

Geopacific Resources Limited provided an update on corporate and project activities conducted at the Woodlark Gold Project in 2023.
In 2022, Geopacific announced suspension of development activities and a business transformation plan was executed.
Key outcomes from activities undertaken in 2022 included clearing residual contractual matters and maintaining the Company's social licence to operate.

2023-02-14 08:04:00

GPR: Woodlark Exporation Update

GEOPACIFIC RESOURCES LTD

Geopacific Resources Limited released positive near-surface results from its extension drilling and rheological test work holes at Busai and Kulumadau.
Results included 91 metres at 2.64 g/t Au from 40 metres.
These results were not available at the time of the Mineral Resource update and will be incorporated into future resource updates.

2023-01-25 11:23:00