A big one by the looks - from AFR:ASX-listed gold and copper developer Geopacific Resources is putting the finishing touches on a $130 million capital raising.
ASX-listed resources outfit Geopacific Resources' flagship gold project is called Woodlark.
Sources told Street Talk the company had Petra Capital and North American-based Sprott at hand to help it stitch together the deal, which was expected to launch in coming days.
Geopacific's flagship project is a Papua New Guinea-based gold play called Woodlark, named after the island it sits on west of PNG capital Port Moresby.
The company said at the end of November that the Woodlark project was "shovel ready" and had an ore reserve in excess of one million ounces, at 1.12 grams of gold per tonne.
The project had a $347 million post-tax net present value and 34 per cent internal rate of return, based on a $2200 per ounce gold price, according to the November project execution update.
A big one by the looks - from AFR: ASX-listed gold and copper...
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