trending Market Intelligence /marketintelligence/en/news-insights/trending/lSDnjzlic0kyDdah8ypdtQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Geopacific Resources raising up to A$45M for Woodlark gold development

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Geopacific Resources raising up to A$45M for Woodlark gold development

Geopacific Resources Ltd. outlined plans to raise A$40 million through a share placement and an additional A$5 million through a share purchase plan.

The Australia-listed explorer will use the proceeds to fund the first phase of development at its Woodlark gold project in Papua New Guinea, including front-end engineering design and project civil construction, it said Oct. 21.

The company expects phase-one development to de-risk project execution in preparation for building a process plant and completing project financing.

The placement comprises 1.60 billion shares at 2.5 Australian cents each in two tranches, with the first tranche expected to raise A$17.2 million and the second tranche targeting A$22.8 million. The second tranche is subject to shareholder approval, with a meeting scheduled for early December.

Geopacific Resources said the share purchase plan will be undertaken at the same price, allowing eligible shareholders to acquire up to A$30,000 of new shares, with a record date of Oct. 18.

Managing Director Ron Heeks said the financing will enable the company to start early site work ahead of process plant construction, shortening the time frame to initial gold production.

In addition, the company will seek shareholder approval in December for a 25-for-1 share consolidation to take effect after the placement is complete.

Geopacific Resources obtained an extension from the government in September to complete construction and commissioning of the processing facility at Woodlark.