Preparation for the DFS started at the beginning of 2017 and...

Preparation for the DFS started at the beginning of 2017 and Geopacific expects it to be completed in the third quarter of 2018.

Under the terms of its joint venture agreement with ASX-listed Kula Gold, estimating a reserve of at least 1.2Moz using gold price methodology set out in the agreement allows Geopacific to increase its overall economic interest in the project to 93%.

This comprises a direct interest of 51% and a further 42% by virtue of its 85% holding of Kula shares.

The company is satisfied this incentive milestone has been met and will notify Kula of the consequential increase in its direct interest in Woodlark.

This is the news from March.... not sure if GPR has increased its interest.