Overview

Mine Type	Open Pit
Status	Temporary Suspension
Commodities	Gold
Mining Method	Truck & Shovel / Loader
Mine Life	...
Snapshot	Geopacific has subsequently advised on 3 February 2022 that it has taken further steps which include suspending all detailed engineering and civil works at the Project pending a review of the Company’s strategic options. The suspension of these activities is to preserve cash reserves whilst the Company undertakes its review. Despite the suspension, the Project retains considerable inherent value. Geopacific is firmly focussed on Woodlark Island’s potential to deliver strong returns in the future from an orebody that remains open both laterally and at depth. The Company remains on track to deliver the Mineral Resource update by the end of2022.

Deposit type

• Volcanic hosted
• Epithermal
• Breccia pipe / Stockwork

Summary:

Woodlark Island (locally known as Muyuw Island) is located on the northern margin of the Woodlark Basin, some 600 km east of Port Moresby.

There are some series of gold deposits at the Woodlark Project: Kulumadau, Busai, Woodlark King, Munasi.

The geology of the island consists of basement Palaeocene-Eocene tholeiitic basalt and sediments (Loluai formation) overlain by mid-Miocene calc-alkaline to shoshonitic volcanics (Okiduse formation), which host the majority of known gold mineralisation. The island is relatively flat, with the highest point, Mt Kabat just 243 m above sea level. Most of the island is covered by a Pleistocene age coral reef formation (Kiriwina formation), masking prospective volcanic sequences.

Busai and Kulumadau are both interpreted as structurally controlled epithermal gold deposits. The deposits show evidence of complex paragenetic assemblages and variable degrees of structural overprint. The main difference between the two deposits is the overwhelming amount of brecciation and cataclasis at Kulumadau as compared to Busai. Both deposits remain open at depth and along strike.

Due to the significant presence of post- mineralisation Kiriwina formation sediments masking much of the prospective geology, very little regional scale exploration exists.

The extensive resource drilling database, geophysical surveys and limited surface exploration all indicate the widespread occurrence of gold mineralisation well outside the defined resources. Major regional structures associated with known gold resources are evident on geophysical images and form the principal targets for exploration.

Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

Operational metrics

Personnel

Job Title	Name	Profile	Ref. Date
.......................	.......................		Jan 10, 2024
.......................	.......................		Jan 10, 2024