Next Investors logo grey

Kou Sa estimate to get bigger?


Published 26-OCT-2015 17:32 P.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Copper-gold player Geopacific Resources (ASX:GPR) thinks its resource may be bigger than previously hoped for thanks to the results of its latest drilling at its Kou Sa Cambodian project.

It told the market today that its scoping study would be completed in early 2016, but it could be boosted thanks to the drilling.

GPR has been busy drilling prospects 117 and 128 ahead of the resources estimate and scoping study for the project, but it now says a re-evaluation of previous drilling has allowed it to form a continuous zone of mineralisation.

Recent results from 117 include 11.9m @2.27 copper equivalent from 87m, including 5.5m @4.4 Cu.eq from 87.9m.

More importantly, GPR said the infill drilling has allowed it to form the current holes and the previous drilling into one continuous zone rather than separate zones.

This means its resource declaration and scoping study may be a bit bigger than expected. However, the true extent of the prospect remains to be tested, according to GPR.

“All three of the zones identified are open at depth and in both directions along strike,” it told the market.

“Geophysics and geochemistry both indicate that there is potential for further repetitions of the current zones to the west and east.

“Results from recent drilling at Prospect 117 combined with new and re-interpreted geophysics has led to a re-evaluation of the nature of the mineralisation within the area.”

Meanwhile, it also confirmed that the main structure at Prospect 128 remains open, with further drilling to test the limits of expansion.

However, the immediate forward plan is to continue drilling at Prospect 160 before moving onto 120 and 190 in the coming months. It is currently in the process of mobilising a rig from Thailand which will allow it to drill deeper targets.

Next Investors Image

The various stages of prospects for GPR

Both prospects 117 and 190 are referred to as ‘advanced exploration’ opportunities, meaning there is potential for further exploration work down the track.

It is unclear at this stage how much the latest round of drilling will inform GPR’s resource estimate.

Want more on GPR?

Q&A with Ron Heeks, managing director of Geopacific Resources

Newly funded GPR eyeing production following $23 million capital raise

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.