Geopacific Resources Limited · ASX:GPR
Geopacific Resources — Investor Presentation (March 2023)
34 slides from Geopacific Resources's investor presentation, Mar 30, 2023
Slide 1: Capital Raising Presentation
For personal use only CAPITAL RAISING PRESENTATION 30 March 2023 Not for release to the US wire services or distribution in the United States
Slide 2: Disclaimer
Disclaimer This document is issued by Geopacific Resources Limited (Geopacfiic or the Company). The purpose of this The distribution of this document in other jurisdictions outside Australia may also be restricted by law and any document is to provide general information about Geopacific and has bee
Slide 3: Disclaimer continued
Disclaimer continued No representation or warranty, express or implied, is made by the Company that the matters stated in this Disclaimer document will be achieved or prove to be correct. Recipients of this document must make their own For personal use only The Lead Manager, its affiliates and relat
Slide 4: Disclaimer continued
Disclaimer continued Disclosure For personal use only The Lead Manager, together with its respective affiliates and related bodies corporate, is a full service financial institution engaged in various activities, which may include trading, financing, financial advisory, investment management, invest
Slide 5: Equity Raising Overview
Equity Raising Overview Geopacific Resources (ASX:GPR) owns the Woodlark Gold Project (the Project) in PNG, an advanced pre- For personal use only Overview of development project with a 1.5Moz Mineral Resource1 and upside optionality via near-surface high-grade zones Geopacific and exploration poten
Slide 6: Sources and Uses
For personal use only Sources and Uses Amount Amount Source of Funds Use of Funds $’M $’M Cash on hand 24 March 20231 2.0 Phase 1 2023 Work Program 1.7 Gross proceeds from Entitlement Offer 6.0 Geological and exploration targeting review 1.0 Progression of the village relocation program 0.9 Payment
Slide 7: Indicative Timetable
For personal use only Indicative Timetable Event Indicative timing1 Institutional offer conducted 30 March 2023 – 31 March 2023 Results of institutional offer announced 3 April 2023 Record date to identify security holders eligible to participate 3 April 2023 at 7:00pm (Sydney time) Issue of securit
Slide 8: Geopacific Investment Highlights
For personal use only Geopacific Investment Highlights Large, Robust • 1.5Moz Mineral Resource; 94% Measured and Indicated1. Resource • Near-surface, high-grade zones provide optionality. Near-term • All Project exploration and mining licences in good standing2. Development • Extensive previous inve
Slide 9: Corporate Snapshot
For personal use only Corporate Snapshot Capital Structure Substantial Shareholders4 Market capitalisation (before Entitlement Offer) 1 $10.4M DELPHI 22.2% Market capitalisation (after Entitlement Offer) 1, 2 $16.4M Tembo Capital 12.2% Shares on issue (before Entitlement Offer) 521,191,111 Franklin
Slide 10: The Geopacific Board
For personal use only The Geopacific Board Experienced Board focused on building a team to deliver a robust development plan for the Project Andrew Bantock Michael Brook Hansjoerg Plaggemars Richard Clayton Non-Executive Chairman Independent Non-Executive Director Non-Executive Director Interim CEO1
Slide 11: Outcomes from 2022 Work Program
Outcomes from 2022 Work Program Following the suspension of construction activities at the Project in February 2022, Geopacific’s focus has been on clearing residual For personal use only contractual matters, maintaining the Company’s social licence to operate and updating the Mineral Resource as a
Slide 12: Woodlark – Project Optimisation
Woodlark – Project Optimisation Evaluation of the updated Mineral Resource and historical studies highlight the potential to further optimise the Project. Optimisation For personal use only studies form a key component of the 2023 Work Program and will be aligned with the proposed exploration strate
Slide 13: 2023 Work Program
2023 Work Program Building on the 2022 work program, subject to available funding, the Company intends to complete the following in 2023: For personal use only 1. Focused geological review to improve targeting of high-grade opportunities. 2. Update of the Project operating and capital cost estimates
Slide 14: 2023 Work Program – Phase 1
2023 Work Program – Phase 1 Phase 1 2023 of the Work Program incorporates key work packages intended to frame the Pre-Feasibility Study and For personal use only ensure that the final study appropriately accounts for the lessons learned from the initial construction activities in 2021. Specifically,
Slide 15: 2023 Work Program – Phase 2
2023 Work Program – Phase 2 On completion of the Phase 1 2023 Work Program, and subject to findings and further funding, the Company intends to For personal use only complete the Phase 2 2023 Work Program, which includes a Pre-Feasibility study based on the optimal development option identified in t
Slide 16: 2023 Work Program Schedule
For personal use only 2023 Work Program Schedule 1 Q1 CY23 Q2 CY23 Q3 CY23 PFS on preferred project Project optimisation studies configuration identified in Phase 1 Re-statement of Ore Reserves Updated open-pit designs and schedules (subject to study outcomes) Exploration targeting review and data c
Slide 17: Appendices
For personal use only Appendices 17
Slide 18: Woodlark Mineral Resources
Woodlark Mineral Resources (1, 2) Tonnes Grade Contained Ounces For personal use only Deposit Category (Million) (g/t Au) (‘000 oz Au) Measured 0.71 4.13 95 Indicated 19.20 0.95 588 Kulumadau Inferred 0.41 0.79 10 Total 20.32 1.06 693 Measured 1.71 2.20 121 Indicated 18.30 0.89 525 Busai Inferred 0.
Slide 19: Competent Persons Statement
For personal use only 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
Slide 20: Key Risk Disclosures
For personal use only Key Risk Disclosures Risk Description Project economic viability The fact the Company plans to prepare the Pre-Feasibility Study for the Project does not mean that the Project is economically viable. Until all the parts of the Pre- risk Feasibility Study are known and analysed,
Slide 21: Key Risk Disclosures continued
For personal use only Key Risk Disclosures continued Risk Description Mining risks and Ore Reserve When compared with many industrial and commercial operations, mining and mineral processing projects are relatively high risk. The nature of mineralisation, and Mineral Resource the occurrence and grad
Slide 22: Key Risk Disclosures continued
For personal use only Key Risk Disclosures continued Risk Description Tenure and approvals The Company is subject to the PNG mining legislation and the Company has an obligation to meet the conditions that apply to its tenements. Tenements are subject to periodic renewal. On 28 April 2022, the Minis
Slide 23: Key Risk Disclosures continued
Key Risk Disclosures continued Risk Description For personal use only Financing risk If a decision to continue to progress the development of the Project is made following the completion of the appropriate feasibility studies, Geopacific would require significant new debt and/or equity funding. The
Slide 24: Key Risk Disclosures continued
For personal use only Key Risk Disclosures continued Risk Description Country risk Any future material adverse changes in government policies or legislation that affect ownership, mineral exploration, development or mining activities in which the Company operates, may affect the viability and future
Slide 25: Key Risk Disclosures continued
For personal use only Key Risk Disclosures continued Risk Description Other risks The effects of changes in rainfall patterns, water shortages and changing storm patterns and intensities may adversely impact the costs and operational activities of the Company. Some of the Company’s sites and operati
Slide 26: Key Risk Disclosures continued
For personal use only Key Risk Disclosures continued Risk Description Unable to realise funding A number of long lead equipment items are either held directly or pending agreed transfer of title from suppliers, and have a materials acquisition cost of over from the sale of long lead $21 million. ite
Slide 27: Key Risk Disclosures continued
For personal use only Key Risk Disclosures continued Risk Description Future capital requirements The Company will require significant further funding to continue to operate in the future. The Company’s capital requirements depend on numerous factors. Additional funding may be required and may be ra
Slide 28: Key Risk Disclosures continued
For personal use only Key Risk Disclosures continued Risk Description Environment The operations and proposed activities of the Company are subject to laws and regulations concerning the environment. If such laws are breached, the Company could be required to cease its operations and/or incur signif
Slide 29: Key Risk Disclosures continued
For personal use only Key Risk Disclosures continued Risk Description Potential for significant Upon implementation of the Entitlement Offer, the Company will issue New Shares as set out in this document. The issue of New Shares will dilute the interests dilution of existing Shareholders to differin
Slide 30: Foreign Jurisdictions
For personal use only Foreign Jurisdictions This document does not constitute an offer of New Shares in any jurisdiction in which, or to any person to whom, it would be unlawful to make such an offer. The New Shares may not be offered or sold, in any country outside of Australia except to the extent
Slide 31: Foreign Jurisdictions continued
For personal use only Foreign Jurisdictions continued New Zealand This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013 (the FMC Act). The New Shares are not being offered to the public within New Zealand ot
Slide 32: Foreign Jurisdictions continued
For personal use only Foreign Jurisdictions continued United Kingdom Neither this document nor any other document relating to the Entitlement Offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the Fina
Slide 33: Glossary
For personal use only Glossary Term Definition Eligible Shareholder A person who the Company determines (in its absolute discretion) is eligible to participate in the Entitlement Offer. Mineral Resource Has the meaning provided in the JORC Code. Phase 1 2023 Work Subject to available funding, the pr
Slide 34: Contact
For personal use only Contact Richard Clayton Interim CEO info@geopacific.com.au This presentation has been approved for release by the Board of Geopacific Resources Limited
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