Geopacific Resources Limited · ASX:GPR
Geopacific Resources — Investor Presentation (June 2021)
28 slides from Geopacific Resources's investor presentation, Jun 30, 2021
Slide 1: Investor Presentation June 2021
For personal use only Investor Presentation June 2021
Slide 2: Investment overview
For personal use only Investment overview Developing the Woodlark Gold Project in PNG 100% funded though to production. A$143m of cash with A$130m of project financing Fully permitted to commence operations with all mining and environmental approvals in place PNG is an established mining jurisdictio
Slide 3: PNG − a premier gold region
For personal use only PNG − a premier gold region Proven mining jurisdiction with long history of operations Frieda River PNG is a large gold producer with Frieda River 2.4Moz1 produced in 2020 Democratic Government with stable fiscal environment, 2.50% royalty including levy Island mining well esta
Slide 4: Significant project economics
For personal use only Significant project economics NPV8 Initial Project Capital Pay Back Period IRR3 $347m1 A$255m2 1.8 years 34% All In Sustaining Cost LoM Production Reserves4 Mine Life A$1,239 / Oz 980 Koz 1.04 Moz 13 years 1: AUD Post Tax NPV at 8% at A$2,200/Oz gold price. 2: Establishment cap
Slide 5: Fully funded and under construction
For personal use only Fully funded and under construction Use of Funds A$m • Project is fully funded to construction Remaining Development Costs1 222 • Standard mining and Financing Costs & Reserve Accounts 26 conventional CIL Plant provides low technical risk Exploration 3 • Construction activity u
Slide 6: Construction progress
For personal use only Construction progress DSTP Pipeline Route Wharf Road Community Relocation Plant site Plant Footings Excavation Construction Camp School Buildings 6
Slide 7: Low development and production risk
For personal use only Low development and production risk Straight forward mining and processing route translates to low operating costs Mining ROM Crushing & Grinding Leaching 980Koz Dore Mining Processing Logistics Conventional truck and shovel operation • Conventional Carbon In Leach Plant. Plant
Slide 8: Low cost profile operation
For personal use only Low cost profile operation Low all in sustainable cost profile Life of Mine Life of Mine Highly competitive AISC of A$1239/oz Use of Funds1 (A$/oz) (US$/oz)3 Low cost position driven by: Mining 446 325 • Near surface mineralisation and low strip ratio of 4x Processing 428 312 •
Slide 9: Low risk mine plan
For personal use only Low risk mine plan Year Mine Plan LOM Pre Ramp-up Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 10-13 • 12 month pre-strip prior to MINING plant commissioning Strip Ratio (x) 4.1 11.5 6 2.5 2.2 3.4 3.9 5.4 11.2 4 4.2 3 1.8 • Multi staged pits allow for Total Mi
Slide 10: Extending the first years
For personal use only Extending the first 5 years First 5 years Excellent metrics from initial 5-years of mine plan driven by: Average Year 1-5 Year 6-9 Year 10-13 • Strong upfront grade profile • Lower strip ratio Ore Processed (mt) 2.4 2.4 2.2 • Low AISC Grade (g/t) 1.5 1.1 0.5 Operating metrics d
Slide 11: Exploration and Growth Upside
For personal use only Exploration and Growth Upside Investor Presentation | June 2021 11
Slide 12: Woodlark growth strategy
For personal use only Woodlark growth strategy • Growth strategy revolves around increasing reserves and inventory to the current mine plan • Optionality exists to debottleneck and expand the mill footprint to accommodate increased ore feed • All drill-defined resources remain open along strike, dow
Slide 13: Phase 1: near pit potential
Phase 1: near pit potential • All 3 operational pits (Busai, Kulumandau and Woodlark King) have significant exploration upside For personal use only • Substantial Inferred material within existing pit shells to be converted to Measured & Indicated via infill drilling • Targeting lateral extensions a
Slide 14: Phase 2: mineral lease exploration
For personal use only Phase 2: mineral lease exploration Substantial land holding available for exploration post completion of pit step out drilling Numerous highly prospective targets identified within the Mining Lease, with visible gold at surface All currently identified targets proximal to plann
Slide 15: Phase 3: regional exploration
For personal use only Phase 3: regional exploration • Substantial land package extending over a large proportion of the island • Significant number of gold and copper surface outcrops to be evaluated • Longer term focus on the Exploration Lease with numerous gold and copper surface outcrops / soil a
Slide 16: Communities and Stakeholder Engagement
For personal use only Communities and Stakeholder Engagement Investor Presentation | June 2021 16
Slide 17: Developing sustainable local economies
For personal use only Developing sustainable local economies Our focus is on the development of sustainable local economies and a strategy for maximising local employment opportunities to ensure that the project benefits are shared with the local communities. Key initiatives include: • Training and
Slide 18: Our communities
For personal use only Our communities Partnering with Commitment to provide Commitment to hiring and the local community positive and lasting benefits up-skilling the local workforce • Excellent relationship with local • Construction of churches, classrooms, • Woodlark Gold Project already community
Slide 19: Conclusion
For personal use only Conclusion Investor Presentation | June 2021 19
Slide 20: Project execution & timeline
For personal use only Project execution & timeline • First gold targeted for Q4 CY 2022 Q2 CY21 Q3 CY21 Q4 CY21 Q1 CY22 Q2 CY22 Q3 CY22 Q4 CY22 • Onsite management team leading contractor engagement Wharf Construction • Early phase works at the Woodlark Gold Project Woodlark have commenced including
Slide 21: Investment conclusion
For personal use only Investment conclusion 1 2 3 4 High margin, low Fully funded Construction commenced Significant development risk project to development with the team to execute exploration upside • 980koz of gold production • A$143m of cash and • Fully permitted to • All drill-defined resources
Slide 22: Appendix
For personal use only Appendix Investor Presentation | June 2021 22
Slide 23: Corporate snapshot
For personal use only Corporate snapshot Board Management Capital Structure Ian Clyne Tim Richards Non-Executive Chairman Chief Executive Officer Share Price (at 23 June 2021) A$0.32 Shares on Issue 512.8m Market Capitalisation A$164m Colin Gilligan Matthew Smith Non-Executive Director Chief Financi
Slide 24: The Management Team
The Management Team Tim Richards Matthew Smith Susan Scheepers Graeme Rapley For personal use only Chief Executive Officer Chief Financial Officer General Manager – People Project Director and Performance • Mining Engineer with over 20 years’ • Chartered Accountant with over 15 • Accomplished Human
Slide 25: The Board
For personal use only The Board Experienced Board with considerable public and private sector experience in Papua New Guinea Ian Clyne Colin Gilligan Ian Murray Sir Charles Lepani Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director • 35 years’ experience in in
Slide 26: Mineral resources and ore reserves
For personal use only Mineral resources and ore reserves 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 27: Disclaimer and competent persons statement
For personal use only Disclaimer and competent persons statement 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
Slide 28: Contact
For personal use only Contact Tim Richards CEO info@geopacific.com.au This presentation has been approved for release by the CEO of Geopacific Resources Limited
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