Gold project feasibility study re-scheduled

THE Woodlark gold project’s definitive feasibility study is re-scheduled for later to incorporate significant operational cost improvements identified in the pre-feasibility study in March.
According to the board of Geopacific Resources Ltd, the definitive feasibility study was rescheduled to December.
Managing director Ron Heeks said the improved operational costs reflected the low strip ratio, soft ore, low reagent usage and the close proximity of the local workforce.
“The numbers were attractive enough to enable our re-evaluation of the process path and determine the most appropriate deployment of capital,” Heeks said.
“The slightly revised timeline is expected to deliver a robust project that optimises the execution strategy and cost improvements.”
The recently received outcomes of the definitive feasibility study (DFS) have identified optimisation opportunities and cost savings that have allowed the company to re-assess key aspects of the project.
The DFS base case has shown the benefits of, and will now model, all material being processed via the carbon in leach processing circuit without requiring an early-stage upgrade plant. This simplified reconfiguration is being factored into all aspects of the DFS, resulting in studies that are currently being completed.