en.Wedoany.com Reported - Geopacific Resources (ASX:GPR) has released an updated Definitive Feasibility Study (DFS) for its wholly-owned Woodlark Gold Project in Papua New Guinea, which has attracted analyst attention for good reason.

Woodlark is one of the largest undeveloped gold mines in Papua New Guinea, and the DFS outlines a clear development pathway to a high-margin, long-life project with a short post-tax payback period. Alongside the DFS, Geopacific also released updated Mineral Resources and Ore Reserves for Woodlark, which underpin the robust economics of the study.

GPR's latest development milestone follows an independent review that highlighted the potential of multiple high-priority porphyry copper-gold target environments. These targets have yet to be drill-tested and have the potential to expand Woodlark's scale beyond its already significant current development plan. Meanwhile, investor attention is increasingly turning to Papua New Guinea, a world-class strategic resource jurisdiction home to gold mines such as Newmont's Lihir, St Barbara's Simberi, and Misima.

These developments have prompted analysts at Argonaut to initiate coverage on Geopacific Resources with a Buy rating and a target price offering over 100% upside from current levels.