Geopacific Resources Limited · ASX:GPR
Geopacific Resources — Investor Presentation (November 2023)
22 slides from Geopacific Resources's investor presentation, Nov 28, 2023
Slide 1: New Team – New Opportunity
New Team – New Opportunity For personal use only De-risked Woodlark Gold Development with Significant Exploration Upside November 2023
Slide 2: The Investment Proposition – Woodlark Gold Project
The Investment Proposition – Woodlark Gold Project 1. 100% owned 1.56Moz¹ PNG gold project with significant exploration potential and key permits in place For personal use only New Team – new CEO James Fox and refreshed Board with extensive project development/ corporate experience to leverage 2. ex
Slide 3: PNG Snapshot & Woodlark Island Project Location
PNG Snapshot & Woodlark Island Project Location • Pro-mining jurisdiction with long & successful mining history For personal use only • Significant regional gold endowment, many world-class mines • Recent investments include: ✓ Tolu Minerals A$17m in ASX IPO to restart Tolukuma mine ✓ PE Fund Vision
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Board and Management Market capitalisation – 27 November 2023 $13.1M Graham Ascough Non-Executive Chairman For personal use only Shares on issue 821,717,373 Michael Brook Non-Executive Director Options/Performance Rights 57,564,594 Rowan Johnston Non-Executive Di
Slide 5: 2021 – Project was Fully Permitted, Financed & Construction Underway
For personal use only 2021 – Project was Fully Permitted, Financed & Construction Underway The Pandemic effect - significant impact on work programs with delays to recruitment & mobilisation of personnel, & 1. disruptions to global logistics chains Cost increases & lost time due to travel restrictio
Slide 6: 2023 Work Program to address the issues
2023 Work Program to address the issues 1. Simplified & de-risked the critical infrastructure locations including plant, wharf & tails – refreshed PNG approvals required For personal use only Multi-use infrastructure corridor, minimising interaction between heavy equipment & local personnel, fit-for
Slide 7: Woodlark Project Overview
Woodlark Project Overview • Woodlark Island ~600 km east of POM For personal use only • 529 km² 100% owned ML & ELs • GPR are the only explorers/ miners on the island • <20% of tenure comprises outcropping host lithologies • Resources remain open and continue under cover • High priority/value target
Slide 8: September 2023 Mineral Resource Update
September 2023 Mineral Resource Update ✓ Updated robust 1.56Moz Mineral Resource¹ (refer Appendix) For personal use only ✓ 93% in higher confidence Measured & Indicated ✓ Increasing confidence & grade in near- surface distribution providing optionality during mine-planning ✓ Improved understanding o
Slide 9: Exploration Targets – Soils Geochemistry
Exploration Targets – Soils Geochemistry • For personal use only Soil sampling is cost effective & an important component of the target generation process on Woodlark • Exploration efforts have largely focused on resource definition in support of project development • Identified prospects are mostly
Slide 10: Exploration Targets - Geophysics shows Growth Potential
Exploration Targets - Geophysics shows Growth Potential • Clear relationship between the margins of higher and lower resistivity zones and gold mineralisation intersected in drilling in For personal use only Clear delineation demagnetised zone • Well defined corridor maps out Kulamadau West minerali
Slide 11: Exploration – High-Grade Open Intercepts
For personal use only Exploration – High-Grade Open Intercepts • Majority of previous drilling largely focused on infill and resource definition proximal to defined resources • Numerous ‘corridors’ exist in favourable geological settings with limited drilling Scale- • Target areas supported by regio
Slide 12: Exploration - Untested Porphyry Potential
Exploration - Untested Porphyry Potential • Style of gold mineralisation at Woodlark commonly associated with large scale porphyry Cu-Au For personal use only deposits (PCD) • Kulumadau likely occurs marginal to a concealed porphyry intrusion • Magnetics play a key role: porphyry style potassic- pro
Slide 13: Soils Geochemistry – Epithermal and PCD Index
For personal use only Soils Geochemistry – Epithermal and PCD Index WML 2018 WGP Soils.Epithermal Index WML 2018 WGP Soils.PCD Index Z_AuAgAsPbSbTeWZn Z_AuAgBiCuMoPbSbZn New datasets to be generated by completion of soils sampling program and analysis 13
Slide 14: 2024 Work Program
2024 Work Program H2 CY23 H1 CY24 H2 CY24 For personal use only Increase cost accuracy and confidence to reflect current economic Project optimisation studies environment; refresh approvals Updated open-pit designs and schedules based on Sept’23 Assess the potential for staged development with MRE u
Slide 15: Company and Project Recap
Company and Project Recap Large, Robust • Recently updated 1.56Moz Mineral Resource; 93% Measured and Indicated1 Gold Resource • Strong potential investment upside – trading at <A$10/oz M&I Resource For personal use only Near-term • Positioned to leverage extensive previous investment in development
Slide 16: Appendices
For personal use only Appendices 16
Slide 17: Competent Persons Statement
Competent Persons Statement Competent Person’s Statement: The information in this document that relates to Exploration Results is based on information compiled by Mr Michael Woodbury, who is a Fellow, and Chartered Professional (‘CP’) of the Australasian Institute of Mining and Metallurgy, a member
Slide 18: Refreshed Board and Leadership Team
Refreshed Board and Leadership Team • Senior resources executive and geophysicist with a strong track record of discovery, developing and finance exploration projects and junior mining companies Graham Ascough • Previously Chairman of Musgrave Minerals recently acquired by Ramelius Resources Chairma
Slide 19: Exploration – Pipeline of targets to advance
Exploration – Pipeline of targets to advance Targeting continues to advance: For personal use only • Improved ranking exercise – target areas with grade and scale-potential • Improve existing geological & structural models • Improve targeting approach - consider machine learning/ AI to assist with d
Slide 20: Woodlark Mineral Resources
Woodlark Mineral Resources (1, 2) Tonnes Grade Contained Ounces Deposit Category (Million) (g/t Au) (‘000 oz Au) Measured 0.54 5.5 95 For personal use only Indicated 17.0 1.1 601 Kulumadau Inferred 0.33 1.44 15 Total 17.87 1.24 711 Measured 1.71 2.20 121 Indicated 18.30 0.89 525 Busai Inferred 0.28
Slide 21: Community Relocation – A PNG Benchmark
Community Relocation – A PNG Benchmark • Community relocation using cost-effective self-perform model ongoing • MRA (government agency responsible for project tenure) letter of commendation For personal use only outlined ongoing strong support for the program noting that the resettlement “set a new
Slide 22: Contact
For personal use only Contact James Fox CEO info@geopacific.com.au This presentation has been approved for release by the Board of Geopacific Resources Limited
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