Geopacific Resources Ltd (Geopacific or the Company; ASX: GPR) wishes to advise that it is aware of the recent media articles related to the adequacy of the village relocation housing associated with the Woodlark Gold Project.
The Company wishes to advise that it has immediately ceased the construction of the smaller dwellings in question and is in discussions with the Managing Director of the Mineral Resources Authority (MRA) in Papua New Guinea and the Woodlark community to develop an appropriate solution.
On behalf of the Board, the Chairman Mr Ian Clyne stated: 'We deeply value our relationship with the Woodlark community and fully acknowledge that there is an issue with the design of the one bedroom dwelling. We are working hard with the MRA in Papua New Guinea and are committed to jointly ensure a professional and timely resolution. A strategy is already being developed to utilise these smaller dwellings for community outcomes such as women's centres, children's libraries and other worthwhile community objectives'.
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