Geopacific Resources Limited · ASX:GPR
Geopacific Resources — Investor Presentation (November 2024)
32 slides from Geopacific Resources's investor presentation, Nov 27, 2024
Slide 1: Investor Update: November 2024
Investor Update: November 2024 De-risked Development with Exploration Breakthrough
Slide 2: The investment proposition
The investment proposition • 100% owned 1.67 Moz¹ PNG gold project with key permits and significant exploration potential • Experienced Team - extensive project development / corporate experience to leverage existing investments in exploration, technical and engineering • New strategic investors - i
Slide 3: PNG snapshot and Woodlark Island Project location
PNG snapshot and Woodlark Island Project location Papua New Guinea • Pro-mining jurisdiction with a long and successful mining history • Significant regional gold endowment and many world-class mines • Island mining well established with stable environment at Woodlark • Supportive PNG Government env
Slide 4: Updated project study – July 2024
Updated project study – July 2024 Highlights Woodlark Scoping Study¹ (‘Study’) captures significant economic and construction design improvements Pre-tax NPV8% A$625 million (post-tax A$501 million) at A$2,900/oz gold price (>40% discount to spot²) made since the 2020 Execution Update - confirms the
Slide 5: Woodlark exploration overview
Woodlark exploration overview • 1.67 Moz Au hosted within 3 main areas at Kulumadau, Busai, and Woodlark King • 529 km² 100% owned ML & ELs¹ • GPR are the only commercial explorers / miners on the island • <20% of tenure comprises outcropping host lithologies • Deposits remain open and continue unde
Slide 6: Corporate snapshot
Corporate snapshot Capital Structure Board and Management Market capitalisation – 22 November 2024 $27.2M Graham Ascough Non-Executive Chairman Shares on issue 1,183,072,421 Michael Brook Non-Executive Director Options/Performance Rights 132,938,332 Rowan Johnston Non-Executive Director Cash on hand
Slide 7: Scoping Study update
Scoping Study update July 2024 “This Study builds on the recent Mineral Resource and infrastructure improvements at the Project, and provides increased confidence that Woodlark is capable of generating strong financial returns for its stakeholders over a long-life operation. Woodlark offers substant
Slide 8: Project advancements
Project advancements Simplified and de-risked critical infrastructure locations including plant, wharf and tails – PNG approvals refresh underway Multi-use infrastructure corridor, reduce interaction between heavy equipment and local personnel, fit- for-purpose roads, improved maintenance and reduce
Slide 9: Scoping Study update – 30 July 2024
Scoping Study update – 30 July 2024 Key Operating Parameters Unit Study Est. Key assumptions¹: Life of mine (inc. pre-strip and startup) years 12.3 Total material mined Mt 193 1. Mining rate: 2.9Mtpa Resources mined Mt 34.8 Strip-ratio o:w 4.5 2. Life-of-mine (inc. pre-strip and start up): 12 years
Slide 10: Key infrastructure locations
Key infrastructure locations Plant throughput option analysis • Current Study assumes 2.9 Mtpa throughput – uses existing owned Ball and SAG mills • New deposits and targeted exploration shows strong potential to further increase mineral resources • Financial and permitting assessment to be complete
Slide 11: Geology and exploration
Geology and exploration 11
Slide 12: Mineral Resources – updated August 2024
Mineral Resources – updated August 2024 • Updated robust 1.67 Moz Au Mineral Resource¹ • New gold deposits at Wayai Creek and Great Northern • Deposits remain open down plunge and along strike • Increasing confidence and grade in near-surface distribution • Improved understanding of controls on mine
Slide 13: Exploration − high-grade open intercepts
Exploration − high-grade open intercepts • Majority of previous drilling focused on infill and resource definition proximal to resources • Numerous ‘corridors’ in favourable geological settings with limited drilling • Target areas supported by regional Geochem, visible gold in stream sediments • Thi
Slide 14: Exploration targets − soils geochemistry
Exploration targets − soils geochemistry • Soil sampling is cost effective and an important component of target generation • 1,440 samples from 2017/2018 analysed along with a further 1,283 surface samples from the 2023/24 infill program – incorporated in geochemistry review • New identified prospec
Slide 15: Exploration targets − planning to drill test in early 2025
Exploration targets − planning to drill test in early 2025 • Discover/delineate ‘high-margin’ gold mineralisation: • High-grade and/or higher margin − e.g., low strip ratio, low arsenic, high gravity component • Target areas with scale/grade-potential: • Woodlark King Mining Centre: • Including Litt
Slide 16: Boscalo North − exploration target
Boscalo North − exploration target • Mapping identified argillic alteration coincident with a geophysical feature • Potential for blind mineralisation of significant size and grade • Gold in outcrop in two creek locations and abundant when panned • Untested Corridor - limited drilling in the demag z
Slide 17: Woodlark King Mining Centre − further growth potential
Woodlark King Mining Centre − further growth potential Background Planning to drill test in early 2025 • Hosts Woodlark King and Wayai Creek MREs Little Mackenzie • Little Mackenzie prospect with large mineralised • Target extensions to mineralisation and footprint >1 km strike extent within the ML
Slide 18: 2024/25 work program
2024/25 work program H1 CY24 H2 CY24 H1 CY25 Complete Underway Planned Updated Study – improved economics, Refresh approvals, technical studies to Project optimisation studies robust production inform updated PFS/DFS Updated open-pit designs and Model increased throughput rates, and Optimise for hig
Slide 19: Company and project recap
Company and project recap Large, robust gold resource • Recently updated 1.67 Moz Mineral Resource Estimate; 87% Measured and Indicated • Strong potential investment upside – trading at <A$18.7/oz Au M&I Mineral Resource Near-term development opportunity • Well positioned to leverage extensive previ
Slide 20: Appendices
• Appendices 20
Slide 21: Board and Leadership Team
Board and Leadership Team Graham Ascough • Senior resources executive and geophysicist with a strong track record of discovery, developing and finance exploration projects and junior mining companies Chairman • Previously Chairman of Musgrave Minerals recently acquired by Ramelius Resources • Curren
Slide 22: Capital costs, operating costs and sensitivities
Capital costs, operating costs and sensitivities Capital Costs Unit Study Estimate Operating Costs Total LOM A$M A$/t processed A$/oz sold US$/oz sold Process Plant EPC A$M 149.8 Mining (ex. sustaining capital) 623 17.89 547 367 Commissioning A$M 3.5 Processing 706 20.28 620 416 Deep Sea Tailings Pl
Slide 23: Granted project licenses − 100% ownership
Granted project licenses − 100% ownership • The Mining and Exploration Licenses held cover the central and western portions of Woodlark Island are 100% owned by Woodlark Mining Ltd, a subsidiary of GPR: • ML 508 - Area of 59.6 km² EL 1465 • EL 1279 - Area of 192.4 km² • EL 1172 - Area of 72 km² • EL
Slide 24: Geology and stratigraphy
Geology and stratigraphy Generic Woodlark Stratigraphic Column1 Cover: Consists of basal conglomerate overlain by marine sediments and coralline limestone Intrusives: high potassic, calc- alkaline volcaniclastics, flows, breccias and tuffs of dominantly andesitic composition. Some tuffaceous siltsto
Slide 25: 2024 Woodlark Mineral Resources
2024 Woodlark Mineral Resources1,2 Contained Tonnes Grade Ounces Deposit Category (Million) (g/t Au) (‘000 oz Au) Measured 0.54 5.50 95 Indicated 17.00 1.10 601 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 0.97 9 Total 20.30
Slide 26: Improving exploration targeting methodology
Improving exploration targeting methodology • Expert consultants, Intrepid Geophysics and SensOre, to assist with improving targeting methodology in areas below surface cover • Aim to identify prospective target areas near to known mineralisation where surface geochemistry is ineffective due to tran
Slide 27: Geophysics − an effective tool
Geophysics − an effective tool • Gold deposits on Woodlark occur within or proximal to areas of magnetic lows • Magnetic lows are possible zones of the magnetite destructive alterations (phyllic/advanced argillic) • Coincidence of the known prospects occurring near/within the magnetic lows could pos
Slide 28: Exploration − pipeline of targets to advance
Exploration − pipeline of targets to advance Targeting continues to advance: • Improved ranking exercise – target areas with grade and scale-potential • Improve existing geological and structural models • Improve targeting approach - consider machine learning/ AI to assist with data mining • Flag ta
Slide 29: 2021 − project was fully permitted, financed and construction underway
2021 − project was fully permitted, financed and construction underway The Pandemic effect − significant impact on work programs with delays to recruitment and mobilisation of personnel, and disruptions to global logistics chains. Cost increases and lost time due to travel restrictions, testing and
Slide 30: 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 outlined ongoing strong support for the program noting that the resettlement “set a new benchmark” in PNG • Th
Slide 31: 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 32: Contact
Contact James Fox CEO info@geopacific.com.au This presentation has been approved for release by the Board of Geopacific Resources Limited
Geopacific Resources — Investor Presentation (November 2024) on 6ix