Geopacific Resources (GPR)

Shares / Stock Code

GPR

Stock Exchange / Sharemarket

Australian Securities Exchange

Geopacific Resources NL (GPR) specialises in mineral exploration with particular focus on gold and copper projects on the main island of Fiji (Viti Levu). GPR seeks to exploit the under-explored mineral deposits in Fiji using modern geophysical methods. GPR was incorporated in NSW in 1986 and offered an IPO in 2005. It was listed on ASX on 9 May, 2006

Mineralisation is widespread in Fiji which has a mining history of continuous gold production for over 70 years, however, despite an abundance of mineral deposits, Fiji has been under-explored and offers numerous mining opportunities through the application of modern geophysical methods.

The Company’s primary strategy is to aggressively explore these properties, supplementing previously applied surface geology and geochemistry with the latest developments in geophysical testing and data modeling to better define subsurface geological structures and refine targets for effective drill testing.

It is Geopacific’s intention to develop any small to medium sized, high-grade mineral discoveries on its own account and Geopacific’s recent purchase of Millennium Mining (Fiji) Limited which owns the Faddy's Gold Deposit is a considerable step in this direction.

Faddy’s is an epithermal-type gold deposit which contains near-surface mineralisation estimated as 920,000t @ 4.9g/t Au (144,000 ounces of contained gold) by Climax Mining Ltd in 1991. Although this is not considered to be of JORC reporting standard and is not an estimate of Mineral Resources as defined by the JORC Code, it represents a substantial gold deposit. Geopacific intends to evaluate Faddy’s with further drill testing and feasibility studies with the intention of developing the deposit into a small high-grade mine, which will provide Geopacific with cash flow.

Geopacific continues to leverage the discovery record of its highly experienced and successful management team and bring a new exploration approach and appropriate new technology tailored to a cost effective work program for each project.

As an explorer, GPR has no customers at present. GPR competes with large companies involved in exploration activities such as BHP Billiton, Rio Tinto as well as smaller, junior explorers.

Geopacific Resources (GPR) Products and Services

  • Exploration tenements in Fiji

Geopacific Resources (GPR) Locations and Subsidiaries

Geopacific Resources Head Office
556 Crown Street,
SURRY HILLS, NSW 2010
Phone: (02) 9699 7311
Fax: (02) 9699 7322

Geopacific Resources (GPR) Share Price

Submitted by ASX Listed Company on 26 March, 2010 - 01:44

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