Geopacific Resource Limited

In a statement on June 9th, the company said it is aware of the media articles related to the adequacy of the village relocation housing.

The Company says it has ceased construction and is in discussion with the Mineral Resources Authority (MRA) and the Woodlark community to develop an appropriate solution.

Kula announced last month that the loan facility will be made available on a draw down basis with an agreed budget for the purpose of working capital for the next 12 months.

Other terms of the loan include: