Geopacific Resources Ltd
Geopacific Resources Accelerates Woodlark Gold Project in PNG with New Drilling Phase
Geopacific Resources (ASX: GPR) has added momentum to its commercialisation of the historical Woodlark gold project in Papua New Guinea, obtaining promising results from the MacKenzie prospect. The site of a major gold rush in the 1800s and significant mining operations before shutting down during WW2, a range of companies have shown interest over recent […]
Porgera and Woodlark projects spark PNG gold mining revival
After several years trapped in the political and pandemic doldrums, Papua New Guinea is starting to regain its golden lustre. Leading the way is the reinvigorated Porgera gold mine in the country’s rugged highlands and the Woodlark development on the remote Woodlark Island. Major producer The site of a global gold rush in the 1890s, […]
Inflation bites resources sector with spiralling costs
Commodities are unquestionably a good place for investors at a time of rising inflation, but the same force driving up the price of minerals and metals can also produce killer cost increases. Dacian Gold (ASX: DCN) is the latest example of inflation rendering its mining operations uneconomic. While still in business as a processor of […]