Geopacific Resources (ASX:GPR) has been granted a key extension by the Papua New Guinea government, allowing additional time until October 2027 to complete the construction and commissioning of its Woodlark gold project, according to a Wednesday Australian bourse filing.
The mining lease is valid until July 4, 2034, with potential extensions to align with future mine life and expansion, the filing said.
This extension highlights government support as the project advances through drilling, environmental approvals, and the upcoming fourth quarter definitive feasibility study, per the filing.