Geopacific Resources Limited · ASX:GPR
Geopacific Resources — Investor Presentation (November 2020)
24 slides from Geopacific Resources's investor presentation, Nov 18, 2020
Slide 1: The Woodlark Gold Project
The Woodlark Gold Project For personal use only 1.6Moz* Woodlark Gold Project * For Mineral Resource refer to slide 22 and the PFS announcement released on 12 March 2018. 1
Slide 2: Investment Highlights
Investment Highlights For personal use only +1Moz DFS1 completed by industry leaders & confirms Reserve high margin gold opportunity with large exploration Preparation of the site for upside construction of mine underway Civil Works High margin Program in gold progress opportunity Robust project eco
Slide 3: Company Snapshot (ASX: GPR)
Company Snapshot (ASX: GPR) For personal use only Capital Structure Share Prices $A Market Capitalisation1 A$101.5M Commencement of Closing share Price ($A) $0.80 Non Executive Director $0.70 Sir Charles Lepani Shares on issue 175.0M $0.60 $0.50 $0.40 Options/Share Appreciation Rights2 7.5M $0.30 An
Slide 4: Project surrounded by world class assets
Project surrounded by world class assets For personal use only Proven mining investment jurisdiction with long mining history Many world-class gold mines nearby Many profitable gold operations on Islands Newcrest, Lihir at 66Moz Au St Barbara, Simberi at 6Moz Au PNG large gold producer with 2.6Moz*
Slide 5: Papua New Guinea Key Facts
Papua New Guinea For personal use only Key Facts Christian Democratic Nation APEC Member Resource focused economy Stable fiscal environment, Corporate income tax rate of 30% PNG hosts 2018 APEC Economic Leaders Meeting Long mining industry and hosts numerous world class gold mines Royalty of 2.0% an
Slide 6: What we have done
What we have done For personal use only Board and Management Team with a proven track record of achieving key project outcomes • DFS1 completed by industry leaders DFS • Successful A$40M placement in Q4 2019 $40M Raise Corporate • Restructure of Board and Management team Restructure Fully • Key envi
Slide 7: Path to production
Path to production For personal use only Realistic project timeline* underpinned by detailed Integrated Project Management Schedule prepared by planning specialist Project • Execution and Optimisation Report scheduled for completion Q4 CY 2020 Execution • Project funding scheduled for completion by
Slide 8: Project Financing
Project Financing For personal use only Sprott Private Resource Lending II L.P. selected as preferred financier for the development of the Woodlark Gold Project DEBT FUNDING Exclusivity period with Sprott to finalise a US$85 million Project Finance Facility and a US$15 million Callable Gold stre
Slide 9: The Board
The Board For personal use only Experienced Board with considerable public and private sector experience in Papua New Guinua • 35 years’ experience in international banking specialising in emerging markets Ian Clyne • Strong believer in PNG and has demonstrated a high level of commitment to social &
Slide 10: The Management Team
The Management Team For personal use only New CEO Tim Richards brings extensive operational experience in Papua New Guinea • Mining Engineer with over 20 years’ experience in open pit mining from scoping and feasibility studies, site technical services, operations and mine management Tim Richards •
Slide 11: Key permits and licenses granted
Key permits and licenses granted For personal use only PNG is a resource focused country with an advanced legislative framework that governs the right of organisations to undertake mining activity The Mineral Resources Authority (MRA) is responsible MINING LEASE1 for issuing Mining Permits in accord
Slide 12: Stakeholder Engagement
Stakeholder Engagement For personal use only Stakeholder Agreements MoA agreed at stakeholder level and Memorandum of Agreement (MoA) now with National Executive Council pending ratification Amended Relocation Agreement signed by all head of households in Relocation Stakeholder leaders meet to agree
Slide 13: Simple mining and processing route
Simple mining and processing route For personal use only Straight forward mining and processing route translates to low operating costs Managing Director Managing Director Mining Processing • Non-Executive Conventional Director open pit mining methods • Conventional Carbon In Leach (CIL) processing
Slide 14: Cost effective and reliable logistics
Cost effective and reliable logistics For personal use only Proven and cost effective logistical solution currently services the project’s Civil Works Program Barge loading at Lae Barge arriving on Woodlark Island The transport of equipment and supplies to site via barge is cost The existing wharf a
Slide 15: Robust Project Economics
Robust Project Economics For personal use only Robust Near-surface Greenfields Strong upfront production Low strip ratio gold project cashflow profile • Existing 1.04Moz ore Reserve based on • Immediate near-pit resource growth High A$1,650/oz gold price Exploration potential and highly prospective
Slide 16: Woodlark Island Exploration Setting
Woodlark Island Exploration Setting For personal use only At ~1.6Moz, Woodlark mineral resources are anomalously small compared to regional analogues (e.g. Simberi 6Moz, Misima 5Moz) <20% of tenure comprises outcropping host lithologies All drill-defined resources remain open and continue unde
Slide 17: Exploration Program
Exploration Program For personal use only Exploration Program currently being developed with objective of growing the resource base Phase 1: Near surface mineralisation Potential to gain additional in-pit ounces and reduce strip ratio Large regional gold field covering highlight prospective vo
Slide 18: Exploration Program (cont)
Exploration Program (cont) For personal use only Exploration Program currently being developed with objective of growing the resource base Phase 2: Deeper mineralisation Phase 3: Testing of high potential targets on Exploration Licenses Measured Indicated Inferred 18
Slide 19: Project Execution
Project Execution For personal use only Contractor HBS currently on site executing Civil Works Program Civil Works Road upgrades, repairs and construction Program Refurbishment of the existing exploration camp Clearing, levelling and compaction of community relocation areas Site clearing a
Slide 20: Communities Relocation
Communities Relocation For personal use only Government and Community approval with Memorandum of Understanding and Relocation Agreement signed Communities Relocation Program Over 200 houses 2 Churches Clinic Facilities 12 Trade Stores 5 Double Classrooms 3 Bedroom Deluxe House 2 School
Slide 21: Community and Social Responsibility
Community and Social Responsibility For personal use only Partnering with the local Commitment to provide Commitment to hiring and community positive & lasting benefits upskilling the local workforce • Excellent relationship with local • Construction of churches, classrooms, trade • Woodlark Gold Pr
Slide 22: Mineral Resources and Ore Reserves
Mineral Resources and Ore Reserves For personal use only Mineral Resources (Fully Diluted) Ore Reserves 47.04Mt at 1.04g/t Au for 1.57Moz Au 28.9Mt at 1.12g/t Au for 1.04Moz Au Category Tonnes Grade Ounces Category Tonnes Grade Ounces (>0.4g/t lower cut) (Mt) (g/t) (oz) (>0.4g/t lower cut) (Mt) (g/t
Slide 23: For personal use only
For personal use only +1Moz Reserve with large exploration upside Civil Works High margin Program in gold progress opportunity Investment Funded to commence highlights development Record gold License to prices operate Proven management team
Slide 24: Disclaimer and competent persons statement
Disclaimer and competent persons statement For personal use only This presentation is for information purposes only. Neither this presentation nor the information contained in it Forward Looking Statements All statements other than statements of historical fact included in this constitutes an offer,
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