Geopacific Resources Limited · ASX:GPR
Geopacific Resources — Investor Presentation (July 2018)
27 slides from Geopacific Resources's investor presentation, Jul 2, 2018
Slide 1: Investor presentation – Europe
For personal use only Investor presentation – Europe July 2018 ASX: GPR
Slide 2: Investment highlights
Investment highlights For personal use only 1 Advanced 100Koz.pa gold development 6 Strong cashflow delivers 2.2-year payback project 7 Mining, environmental and social permits 2 Free milling ore with high recoveries in place – Ready to build 3 Head grade to 1.63g/t Au in first years 8 Strong Govern
Slide 3: Corporate snapshot (ASX: GPR)
Corporate snapshot (ASX: GPR) For personal use only Geopacific is an emerging gold A supportive shareholder base producer focused on developing and containing a number of large funds expanding the 1Moz+ Woodlark support’s our development gold project in Papua New Guinea. ambitions at Woodlark. Corpo
Slide 4: Board and senior management
Board and senior management For personal use only 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 year
Slide 5: History of Woodlark gold project
History of Woodlark gold project For personal use only • Woodlark held in private company (gold price US$1,100) 2010 • Kula Gold IPO (gold price US$1,400) • DFS completed at height of mining cost cycle - short mine life with high capital and operation costs 2012 (gold price US$1,800) • Mining lease
Slide 6: Mining in Papua New Guinea
Mining in Papua New Guinea For personal use only Long history of mining in PNG PNG hosts numerous world- class gold mines and deposits, run by large international corporations Stable government Mines department recognized by Transparency International in 2017 Existing profitable gold operations base
Slide 7: Woodlark Island
Woodlark Island For personal use only • 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 | July 2018 7
Slide 8: Positive operating environment
Positive operating environment For personal use only • Flat topography • Mining and environmental • Low seismicity permits in place • Close proximity to port has many • Supportive local community and logistical advantages Government • Shallow gold mineralisation Woodlark PFS presentation | March 201
Slide 9: Woodlark PFS delivers robust economics
Woodlark PFS delivers robust economics For personal use only Production Processing Economics • 100Koz over 10-years for • Free milling, recovery of 92% • Capital cost US$135m 1.01Moz Au for 5 years and 90% LOM (including fleet US$17m & • Low stripping ratio of 2.5:1 • Up to 60% of gold pre-strip US$
Slide 10: High-grade core with halo
High-grade core with halo For personal use only • High-grade core • Surrounding halo of broad lower grade material • Low stripping ratio • Large free-dig component • Mineralisation from surface Investor presentation | July 2018 10
Slide 11: Resources and Reserves
Resources and Reserves For personal use only • 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
Slide 12: Optimised process flow
Optimised process flow For personal use only • Simple process • Metallurgy verifies low-cost option to easily upgrade ore using gravity • Optimises gold production • Maximises cashflow Investor presentation | July 2018 12
Slide 13: Mining and production
Mining and production For personal use only • 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
Slide 14: Financial analysis
Financial analysis For personal use only Summary of key results from financial analysis US$m A$m Capital cost estimates US$m A$m Revenue – LOM 1,251 1,668 Establishm ent costs Gross Operating Costs (including PNG Government Process Plant (including marine tailings) 64 85 Royalty) Infrastructure 23 3
Slide 15: Early payback
Early payback For personal use only Project Pay Back Strong cashflow delivers payback in 2.2 years, using US$1,238 gold price US$1,275/oz gold price delivers additional US$26m in cash flow after tax Investor presentation | July 2018 15
Slide 16: Next steps and timeline
Next steps and timeline For personal use only •The DFS program will Aspects of PFS to DFS DFS on schedule and centre on Front End standard, including mining budget for Q3 2018 Engineering Design (FEED) costs and metallurgical completion and cover opportunities testwork for optimisation DFS optimisat
Slide 17: Upside - additional in-pit ounces
Upside - additional in-pit ounces For personal use only • 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 ope
Slide 18: Upside - regional targets
Upside - regional targets For personal use only • Drilling underway • Large regional goldfield • High-quality exploration targets • Visible gold • Gold follows mineralised structures • Significant potential beneath thin limestone cover • Exploration target range of 53.3Mt @ 2g/t Au to 105 Mt@ 1g/t A
Slide 19: Attractive valuation compared to peers
Attractive valuation compared to peers For personal use only Comparisons prepared by Petra Capital Investor presentation | July 2018 19
Slide 20: Investment case
Investment case For personal use only • The Woodlark Gold Project is an advanced 100koz per annum development project • Resources of 47.04Mt at 1.04 g/t Au for 1,573,000 oz Au and Reserves of 34.7Mt at 0.99 g/t Au for 1,101,600 oz Au • All necessary permits in place • Post-tax IRR of 33% and payback
Slide 21: Attractive valuation compared to peers
Attractive valuation compared to peers For personal use only Comparisons prepared by Petra Capital Investor presentation | July 2018 21
Slide 22: Attractive valuation compared to peers
Attractive valuation compared to peers For personal use only Comparisons prepared by Petra Capital Investor presentation | July 2018 22
Slide 23: Attractive valuation compared to peers
Attractive valuation compared to peers For personal use only Investor presentation | July 2018 23
Slide 24: Fijian gold projects
Fijian gold projects For personal use only • 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 bee
Slide 25: Kou Sa copper-gold project, Cambodia
Kou Sa copper-gold project, Cambodia For personal use only • 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 • Commo
Slide 26: 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 The information in this report that relates to Woodlark Mineral Reserves is based on information contained in it constitutes an offer, in
Slide 27: Contact
Contact For personal use only Ron Heeks Managing Director Philippa Leggat Executive Director Corporate www.geopacific.com.au info@geopacific.com.au +61 8 6143 1820 Follow us on 27
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