Geopacific identifies cost savings at Woodlark

A$25-million in capital savings have been identified at the proposed Woodlark gold project, in Papua New Guinea, as ASX-listed Geopacific Resources works to earn an 80% share in the project. As part of its earn-in agreement with owner Kula Gold, Geopacific undertook a review of the processing plant construction costs on a like-for-like comparison with the costs estimated in a 2012 definitive feasibility study (DFS).