Geopacific Resources Limited · ASX:GPR
Geopacific Resources — Investor Presentation (April 2018)
25 slides from Geopacific Resources's investor presentation, Apr 13, 2018
Slide 1: Investor presentation
Investor presentation April 2018 ASX: GPR
Slide 2: Investment highlights
Investment highlights 1 Advanced 100Koz.pa development 5 AISC below A$800/oz in first two years project 6 Strong cashflow delivers 2.2-year payback 2 Free milling ore with high recoveries 7 Mining, environmental and social permits 3 Head grade up to 1.63g/t in first years in place – Ready to build 4
Slide 3: Corporate snapshot (ASX: GPR)
Corporate snapshot (ASX: GPR) Geopacific is an emerging gold A supportive shareholder base producer focused on developing and containing by a number of large expanding the 1Moz+ Woodlark funds support’s our development gold project in Papua New Guinea. ambitions at Woodlark. Corporate Significant sh
Slide 4: Board and Senior Management
Board and Senior Management Geopacific’s team has built over 10 mines in six countries, in gold, coal and copper Milan Jerkovic, Non-Executive Chairman Mr Milan Jerkovic is a qualified geologist with postgraduate qualifications in Mining and Mineral Economics with over 30 years of experience in the
Slide 5: Surrounded by multi-million ounce mines
Surrounded by multi-million ounce mines PNG hosts numerous world-class gold mines and deposits Existing profitable gold operations based on PNG islands • Newcrest, Lihir at 66Moz Au • St Barbara, Simberi at 6Moz Au Investor presentation | April 2018 5
Slide 6: Woodlark Island
Woodlark Island • 70km long • 25km wide • 580 km2 exploration licence • 60 km2 mining lease, with environmental approval • Airstrip • Wharf • Mobile and satellite coverage • 120-man camp • Local workforce Investor presentation | April 2018 6
Slide 7: Positive operating environment
Positive operating environment • Flat topography • Mining and environmental • Low seismicity permits in place • Close proximity to port has many • Supportive local community and logistical advantages Government • Shallow mineralisation Woodlark PFS presentation | March 2018 7
Slide 8: Woodlark PFS delivers robust economics
Woodlark PFS delivers robust economics Production Processing Economics • 100Koz over 10-years for • Free milling, recovery of 92% • Capital cost A$180m 1.01Moz Au for 5 years and 90% LOM (including fleet & pre-strip) • Low stripping ratio of 2.5:1 • Up to 60% of gold • 2.2-year, post-tax project for
Slide 9: High-grade core with halo
High-grade core with halo • High-grade core • Surrounding halo of broad lower grade material • Low stripping ratio • Large free-dig component • Mineralisation from surface Investor presentation | April 2018 9
Slide 10: Resources and reserves
Resources and reserves • Near surface mineralisation • Low waste-to-ore (strip) ratio is clear • Thin limestone cover is free-dig • Ore is relatively soft for processing Resource • 47.04 million tonnes at 1.04g/t Au for 1,573,000oz Au • 86% of Resource in Measured and Indicated JORC categories Reser
Slide 11: Optimised process flow
Optimised process flow • Simple process • Metallurgy verifies low-cost option to easily upgrade ore using gravity • Optimises gold production • Maximises cashflow Investor presentation | April 2018 11
Slide 12: Production
Production • Low material movements in first 5 years of mining (left) • Consistent production over life of mine (below) Annual production schedule Metric Unit Total Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 11 Ore processed * Mt 24.5 2.1 2.4 2.4 2.4 2.5 2.5 2.5 2.5 2.5 2.4 0.3 Grade g/t
Slide 13: Financial analysis
Financial analysis Key inputs for financial analysis Foreign exchange US$:A$ 0.75 Gold price A$/oz 1,650 Mining cost A$/t mined 2.75 Upgrade cost $/t ore upgraded 6.52 Processing cost – ROM ore A$/t processed ore 18.36 Processing cost – Upgraded ore A$/t upgraded ore 12.32 Administrative cost A$/t p
Slide 14: Early payback
Early payback Strong cashflow delivers Project Pay Back payback in 2.2 years A$1,700/oz gold price delivers additional A$35m in cash flow after tax Investor presentation | April 2018 14
Slide 15: Next steps and timeline
Next steps and timeline •The DFS program will Aspects to a DFS-level, centre on Front End DFS underway, completion including mining costs and Engineering Design (FEED) is targeted for Q3 2018 metallurgical testwork and cover opportunities for optimisation Optimisation opportunities: • Finalise plant
Slide 16: Upside - additional in-pit ounces
Upside - additional in-pit ounces • Potential to gain additional ounces in-pit and reduce strip ratio further, (currently classified as waste): 1) Inferred mineralisation surrounding pits 2) Limited drilling access in village area, relocation agreed • Mineralisation remains open at depth and in all
Slide 17: Upside - regional targets
Upside - regional targets • Large regional goldfield • High-quality exploration targets • Visible gold • Gold follows mineralised structures • Significant potential beneath thin limestone cover Investor presentation | April 2018 17
Slide 18: Attractive valuation compared to peers
Attractive valuation compared to peers Investor presentation | April 2018 18 Comparisons by Petra Capital
Slide 19: Attractive valuation compared to peers
Attractive valuation compared to peers Investor presentation | April 2018 19 Comparisons by Petra Capital
Slide 20: Attractive valuation compared to peers
Attractive valuation compared to peers Investor presentation | April 2018 20 Comparisons by Petra Capital (above left)
Slide 21: Right people Right project Right time
Right people Right project Right time 21
Slide 22: Fijian gold projects
Fijian gold projects • High-grade, near-surface gold identified • Epithermal gold zones with extensive strike potential • Good infrastructure and simple logistics • Stable jurisdiction with proven mining history • Vatukoula Gold Mine has produced 6.9Moz Au at 7.4g/t and has been in operation since 1
Slide 23: Kou Sa copper-gold project, Cambodia
Kou Sa copper-gold project, Cambodia • Ownership: 85% in joint venture with the Royal Group, Cambodia’s premier commercial partner • Licenses: exploration licenses cover 158 km2 • Location: Preah Vihear Province in northern Cambodia’s Chep district, near the Laos border • Commodities: copper, gold a
Slide 24: Contact
Contact Ron Heeks Managing Director Philippa Leggat Executive Director Corporate www.geopacific.com.au info@geopacific.com.au +61 8 6143 1820 Follow us on 24
Slide 25: Disclaimer and competent persons statement
Disclaimer and competent persons statement This presentation is for information purposes only. Neither this presentation nor the information The information in this report that relates to Woodlark Mineral Reserves is based on information contained in it constitutes an offer, invitation, solicitation
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