Geopacific Resources Limited · ASX:GPR
Geopacific Resources — Investor Presentation (December 2024)
46 slides from Geopacific Resources's investor presentation, Dec 19, 2024
Slide 1: Large-scale Exploration Program & DFS Delivery
Capital Raising Presentation: 19 December 2024 Large-scale Exploration Program & DFS Delivery 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 The Lead Manager, its affiliates and related bodies corporate, a
Slide 4: Disclaimer continued
Disclaimer continued Disclosure 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, investment research, princip
Slide 5: Capital Raising
GEOPACIFIC RESOURCES LIMITED Capital Raising
Slide 6: 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 - inc
Slide 7: 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 a stable environment at Woodlark • Supportive PNG Government e
Slide 8: Entitlement Offer Overview
Entitlement Offer Overview Renounceable pro-rata entitlement offer of 1.69 New Shares for every 1 Share held by Eligible Shareholders at an Offer Price of A$0.02 per New Share to raise up to approximately A$40 million before costs (Entitlement Offer). Offer structure Shareholders will be able to bid
Slide 9: Sources and Uses
Sources and Uses Amount Amount Source of Funds Use of Funds1 (A$’M) (A$’M) Cash on hand 30 November 2024 (unaudited) 2.7 Woodlark exploration and Project growth 22.0 Gross proceeds from Entitlement Offer 40.0 Project development 6.5 Front end engineering design and documentation 1.7 Community reloca
Slide 10: Indicative Timetable
Indicative Timetable Event Indicative timing1 Announcement of the Entitlement Offer and Offer Booklet and cleansing notice lodged with ASX Thursday, 19 December 2024 Shares quoted on an “Ex” basis Monday, 23 December 2024 Record Date for eligibility under the Entitlement Offer 7:00pm Sydney time on
Slide 11: Planned Program 2025-2026
Planned Program 2025-2026 H1 CY25 H2 CY25 H1 CY26 Planning Underway Proposed Proposed Amend environmental approvals, Grant of approvals, engage with Ongoing technical studies, engineering technical studies to inform updated prospective Project partners and and costs updates – Deliver DFS financiers
Slide 12: Project Key Deliverables from Entitlement Offer Proceeds
Project Key Deliverables from Entitlement Offer Proceeds PNG approvals amendments To reflect simplified critical infrastructure including plant, wharf, tails, and increased Plant throughput Upgrade road infrastructure to access mining / exploration areas inc. bridge construction Multi-use infrastruc
Slide 13: Corporate snapshot
Corporate snapshot Capital Structure Board and Management Graham Ascough Non-Executive Chairman Before the Entitlement Offer Michael Brook Non-Executive Director Market capitalisation 16 December 2024¹ A$26.0M Rowan Johnston Non-Executive Director Shares on issue 1,183,072,421 Hansjoerg Plaggemars N
Slide 14: 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 15: Updated Project Study – July 2024
Updated Project Study – 30 July 2024 Woodlark Scoping Study¹ (Study) Highlights 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 th
Slide 16: Project Study Metrics
Project Study Metrics 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 (uses existing owned Ball & SAG mills) Resources mined Mt 34.8 Strip-ratio o:w 4.5 2. Life-of-mine (inc. pre-strip
Slide 17: Key Project Locations
Key Project Locations Proposed location of wharf, camp and DSTP Representation of Plant design Regional Exploration Entitlement Offer Presentation Dec’24 17
Slide 18: Geology & Exploration
GEOPACIFIC RESOURCES LIMITED Geology & Exploration 18
Slide 19: Woodlark Exploration Overview
Woodlark Exploration Overview • 517.4 km² of ELs and 1 x ML of 59.7 km² ¹ • GPR are the only commercial explorers / miners on the island • <20% of tenure comprises outcropping host lithologies • Deposits remain open and with potential to continue under cover • High priority / value targets adjacent
Slide 20: Mineral Resources – updated August 2024
Mineral Resources – updated August 2024 • Updated 1.67 Moz Au Mineral Resource Estimate¹ • New gold deposits reported at Wayai Creek and Great Northern • MREs remain open down plunge and along strike • Resource potential to be tested at Little Mackenzie commencing May’2025 • Updated geological datab
Slide 21: 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 geochemistry, visible gold in stream sediments
Slide 22: Exploration − commence testing from early 2025
Exploration − commence testing from early 2025 Exploration Test highly prospective new target areas with scale potential Comprehensive near-mine and regional exploration drill program over 2025 CY comprising: • ~ 5,000 metres of trenching, and • ~ 30,000 metres of reverse circulation and diamond dri
Slide 23: Proposed Drilling Matrix
Proposed Drilling Matrix Drill Planned Program Type Metres Type Collars RC 6 745 Resource RC/D 6 1,495 Development DD 12 3,040 Totals 24 5,280 RC 42 5,030 Mineral Resource RC/D 51 9,270 update DD 7 860 Totals 100 15,160 RC 28 3,910 RC/D 22 5,900 Exploration DD - - Totals 50 9,810 RC, RC/D & DD 174 3
Slide 24: Greater Kulumadau − Kamwak exploration target
Greater Kulumadau − Kamwak 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
Slide 25: Woodlark King Mining Centre − growth potential
Woodlark King Mining Centre − growth potential Background Planning to drill test in 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 untested high-grade (north o
Slide 26: 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$17.85/oz Au M&I Mineral Resource Near-term development opportunity • Well positioned to leverage extensive prev
Slide 27: Appendices
Appendices Additional Information 27
Slide 28: 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 held by Woodlark Mining Ltd, a wholly owned subsidiary of GPR: EL 1465 • ML 508 - Area of 59.7 km² • EL 1279 - Area of 190.1 km² • EL 1172 - Area of 74.2
Slide 29: 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 30: 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 of
Slide 31: Key Risk Disclosures
Appendices Key Risk Disclosures 31
Slide 32: Key Risk Disclosures
Key Risk Disclosures Risk Description Mining risks and Mineral When compared with many industrial and commercial operations, mining and mineral processing projects are relatively high risk. The nature of mineralisation, Resource estimates the occurrence and gold grade of the ore, and its behaviour d
Slide 33: Key Risk Disclosures continued
Key Risk Disclosures continued Risk Description Tenure and approvals risks 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. In June 2024 the Company requested a furthe
Slide 34: Key Risk Disclosures continued
Key Risk Disclosures continued Risk Description Financing risk If a decision 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 Company’s ability to successfully
Slide 35: Key Risk Disclosures continued
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 the country which the Company operates, may affect the viability and future profitab
Slide 36: Key Risk Disclosures continued
Key Risk Disclosures continued Risk Description Unable to realise funding A number of long lead equipment assets are either held directly or pending agreed transfer of title from suppliers. from the sale of long lead The sale of these assets could provide additional cash funding, if required. Any sa
Slide 37: Key Risk Disclosures continued
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 raised by the Company vi
Slide 38: Key Risk Disclosures continued
Key Risk Disclosures continued Risk Description Safety and Environmental The activities of the Company have the potential to generate hazards that could cause harm to personnel. The Company keeps a comprehensive risk register and risks proactively manages risks to eliminate where practicable, or red
Slide 39: Key Risk Disclosures continued
Key Risk Disclosures continued Risk Description Data security failure and The Company has multiple layers of security and back-up provisions in place to protect its data, and to allow for effective communications. However, due to the communications risk remote nature of Woodlark Island potential exi
Slide 40: Foreign Jurisdictions
Appendices Foreign Jurisdictions 40
Slide 41: Foreign Jurisdictions
Foreign Jurisdictions This document does not constitute an offer of Entitlements and New Shares in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the Entitlements and the New Shares may not be offered or sold, in any country out
Slide 42: Foreign Jurisdictions continued
Foreign Jurisdictions continued Hong Kong WARNING: This document may be distributed in Hong Kong only to (i) not more than 50 existing shareholders of the Company and (ii) any other shareholder who is a “professional investor” (as defined in the Securities and Futures Ordinance of Hong Kong, Chapter
Slide 43: Foreign Jurisdictions continued
Foreign Jurisdictions continued Liechtenstein This document has not been, and will not be, registered with or approved by the Financial Market Authority of Liechtenstein. Accordingly, this document may not be made available, nor may the Entitlements and the New Shares be offered for sale, in Liechte
Slide 44: Foreign Jurisdictions continued
Foreign Jurisdictions continued Singapore This document and any other materials relating to the Entitlements and the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other documen
Slide 45: Foreign Jurisdictions continued
Foreign Jurisdictions continued United Kingdom Neither this document nor any other document relating to the offer of Entitlements and New Shares 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 Financi
Slide 46: 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 (December 2024) on 6ix