Geopacific Resources Limited · ASX:GPR
Geopacific Resources — Investor Presentation (May 2018)
25 slides from Geopacific Resources's investor presentation, May 2, 2018
Slide 1: Investor presentation May 2018
For personal use only Investor presentation May 2018 ASX: GPR
Slide 2: Investment highlights
Investment highlights For personal use only 1 Advanced 100Koz.pa development 5 AISC below A$800/oz in first two years project 6 Strong cashflow delivers 2.2-year payback 2 Free milling ore with high recoveries 7 Mining, environmental and social permits 3 Head grade up to 1.63g/t in first years in pl
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 by a number of large expanding the 1Moz+ Woodlark funds support’s our development gold project in Papua New Guinea. ambitions at Woodlark. Co
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 years
Slide 5: Surrounded by multi-million ounce mines
Surrounded by multi-million ounce mines For personal use only PNG hosts numerous world-class gold mines and deposits Existing profitable gold operations based on PNG islands • Newcrest, Lihir at 66Moz Au • St Barbara, Simberi at 6Moz Au Investor presentation | May 2018 5
Slide 6: 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 | May 2018 6
Slide 7: 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 mineralisation Woodlark PFS presentation | March 2018 7
Slide 8: 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 A$180m 1.01Moz Au for 5 years and 90% LOM (including fleet & pre-strip) • Low stripping ratio of 2.5:1 • Up to 60% of gold • 2.2-year
Slide 9: High-grade core with halo
High-grade core with halo For personal use only • High-grade core • Surrounding halo of broad lower grade material • Low stripping ratio • Large free-dig component • Mineralisation from surface Investor presentation | May 2018 9
Slide 10: Resources and reserves
Resources and reserves For personal use only • Near surface mineralisation • Low waste-to-ore (strip) ratio is clear • Thin limestone cover is free-dig • Ore is relatively soft for processing Resource • 47.04 million tonnes at 1.04g/t Au for 1,573,000oz Au • 86% of Resource in Measured and Indicated
Slide 11: Optimised process flow
Optimised process flow For personal use only • Simple process • Metallurgy verifies low-cost option to easily upgrade ore using gravity • Optimises gold production • Maximises cashflow Investor presentation | May 2018 11
Slide 12: Mining and production
Mining and production For personal use only • Low material movements in first 5 years of mining (left) • Consistent production over life of mine (below) Annual production schedule Metric Unit Total Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 11 Ore processed * Mt 24.5 2.1 2.4 2.4 2.4 2.5 2
Slide 13: Financial analysis
Financial analysis For personal use only Summary of key results from financial analysis US$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 14: Early payback
Early payback For personal use only Strong cashflow delivers Project Pay Back payback in 2.2 years A$1,700/oz gold price delivers additional A$35m in cash flow after tax Investor presentation | May 2018 14
Slide 15: Next steps and timeline
Next steps and timeline For personal use only •The DFS program will Aspects to a DFS-level, centre on Front End DFS underway, completion including mining costs and Engineering Design (FEED) is targeted for Q3 2018 metallurgical testwork and cover opportunities for optimisation Optimisation opportuni
Slide 16: 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 17: Upside - regional targets
Upside - regional targets For personal use only • Large regional goldfield • High-quality exploration targets • Visible gold • Gold follows mineralised structures • Significant potential beneath thin limestone cover Investor presentation | May 2018 17
Slide 18: Attractive valuation compared to peers
Attractive valuation compared to peers For personal use only Investor presentation | May 2018 18 Comparisons by Petra Capital
Slide 19: Attractive valuation compared to peers
Attractive valuation compared to peers For personal use only Investor presentation | May 2018 19 Comparisons by Petra Capital
Slide 20: Attractive valuation compared to peers
Attractive valuation compared to peers For personal use only Investor presentation | May 2018 20 Comparisons by Petra Capital (above left)
Slide 21: Right people, right project, right time
For personal use only Right people Right project Right time 21
Slide 22: 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 23: 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 24: 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 24
Slide 25: 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
Geopacific Resources — Investor Presentation (May 2018) on 6ix