Geopacific Resources Limited · ASX:GPR
Geopacific Resources — Investor Presentation (July 2016)
22 slides from Geopacific Resources's investor presentation, Jul 18, 2016
Slide 1: Investor Presentation
18 July 2016 INVESTOR PRESENTATION For personal use only GEOPACIFIC RESOURCES LIMITED ACN 003 208 393 Geopacific Resources Limited (Geopacific or the Company) (ASX:GPR) is pleased to ASX Code: GPR release the following updated investor presentation. info@geopacific.com.au The presentation can also b
Slide 2: A Clear Path to Production
For personal use only A CLEAR PATH TO PRODUCTION ASX : GPR JULY 2016
Slide 3: Strategy
Strategy Geopacific is a gold and copper company For personal use only with a portfolio of assets in the Asia-Pacific region and sights set firmly on production A CLEAR PATH TO PRODUCTION 2
Slide 4: Corporate
Corporate ASX : GPR For personal use only Capital Structure 7 July 2016 Directors & Senior Management No. of shares 799.5m Milan Jerkovic Non-Executive Chairman No. of options 2.7m Ron Heeks Managing Director Fully diluted no. of shares 802.2m Mark Bojanjac Non-Executive Director Market Cap @ $0.043
Slide 5: Expertise and ability to deliver
Expertise and ability to deliver Board and senior management team has successfully: For personal use only • Built over 10 mines in 6 countries • Mt Muro, Sebuku, Jembayan, Buru, Triton, Whim Creek, Nzema, Dragon Mountain, Girilambone, Nifty and Bullabulling. • Built and operated mines in remote area
Slide 6: Ron Heeks' expertise and ability to deliver
Ron Heeks’ expertise and ability to deliver An example For personal use only Technical Manager of Straits Asia, responsible for: Mt Muro gold mine: • 2 Gold discoveries and developing them into viable deposits • Restarting mine Sebuku coal mine: • Re-evaluating the exploration strategy • Increasing
Slide 7: Gold project summary
Woodlark – Gold project summary Name Woodlark Island Gold Project For personal use only Location Woodlark Island, 600 km east of Port Moresby in the Milne Bay Province, PNG 100% by Kula Gold Limited through its subsidiary Woodlark Mining Limited Ownership PNG Government – 5% participating interest (
Slide 8: Gold project – Location map
Woodlark gold project – Location map For personal use only A CLEAR PATH TO PRODUCTION 7
Slide 9: Arbitrage opportunity
Woodlark – Arbitrage opportunity For personal use only How did the opportunity arise • DFS at height of mining boom • CAPEX too high for mine life • DFS followed by decreasing gold price and negative market sentiment • Difficult to bank How did Geopacific get the opportunity • Experienced senior tea
Slide 10: A clear path to gold production
A clear path to gold production For personal use only • > 150Koz pa producer Aim • > 10 year mine life • Short development time Simple • Increase reserves from 766Koz task gold to 1.2Moz gold by converting existing resources • Rebase DFS • Move into production A CLEAR PATH TO PRODUCTION 9
Slide 11: Deal structure – project level earn in
Deal structure – project level earn in For personal use only Spend Spend A$8M A$10M within time within time 40% 60% Develop OR OR plan and proceed 5% Reach Reach Raise Target Target finance & DFS 51% 80% 75% A CLEAR PATH TO PRODUCTION 10
Slide 12: Roadmap to deliver aim
Woodlark – Roadmap to deliver aim For personal use only Increase reserves • Selected drilling – move inferred to M&I Rebase CAPEX and OPEX • Optimise economics • Optimise scale Re-optimise pits • Convert more M&I into reserves • Rebase mine schedule • Update DFS A CLEAR PATH TO PRODUCTION 11
Slide 13: Resources
Woodlark – Resources For personal use only Kulumadau 840,000 oz (18.0Mt at 1.5g/t Au) 5km Busai 980,000 oz (20.7Mt at 1.5g/t Au) Woodlark King 175,000 oz (4 Mt at 1.4g/t Au) Current total JORC Resource of 2,120,000 ounces of gold A CLEAR PATH TO PRODUCTION
Slide 14: Significant regional exploration upside
Significant regional exploration upside For personal use only >5Moz Au potential >15 current exploration targets No deep drilling Many areas totally inferred High-grade underground potential Greater geological understanding now, than at time of JORC reserve work A CLEAR PATH TO PRODUCTION 13
Slide 15: Kulumadau resources
Woodlark – Kulumadau resources For personal use only Adelaide zone Resource Class 100m M+I Inferred Pit outline Ore blocks >0.8g/t Au Resources 8.2Mt @ 2.6g/t Au for 680,000oz Au (at 1g/t lower cut) Out of Pit Inferred 4Mt @ 2.9g/t Au Kulumadau West for 397,000oz Au (at 0.5g/t lower cut) Kulumadau E
Slide 16: Kulumadau section
Woodlark – Kulumadau section For personal use only Inferred mineralisation between pits -150m Pits end in high-grade mineralisation Pits end due to insufficient drilling - Mineralisation mineralisation is open at depth open at depth A CLEAR PATH TO PRODUCTION 15
Slide 17: Kulumadau mineralisation model
Woodlark – Kulumadau mineralisation model For personal use only Mineralisation open at depth A CLEAR PATH TO PRODUCTION 16
Slide 18: Upside potential at Busai
Woodlark – Upside potential at Busai For personal use only -150m Mineralisation Mineralisation open open at at depth depth Mineralisation Drilling ends open at depth in high-grade mineralisation A CLEAR PATH TO PRODUCTION 17
Slide 19: Exploration upside
Woodlark – Exploration upside For personal use only Current Resources Kulumadau Structure Epithermal Targets Busai Woodlark King Postulated Porphyry 0km 5km Intrusive Centre A CLEAR PATH TO PRODUCTION 18
Slide 20: Market comparisons
Market comparisons For personal use only GPR DCN GRY Market Cap $M 0 50 100 150 200 250 300 350 400 450 500 Cost $/resource oz Au 0 5 10 15 20 25 Resource Moz Au 0 0.5 1 1.5 2 2.5 3 3.5 4 A CLEAR PATH TO PRODUCTION 19
Slide 21: Board
Board For personal use only Milan Jerkovic B.App.Sc (Geol) GDip (Mining) GDip (Mineral Economics) FAusIMM MAICD Chairman Mr Jerkovic is a geologist with with over 30 years of experience in the mining industry including resource evaluation, operations, financing, acquisition, project development and
Slide 22: Disclaimer & competent persons' statement
Disclaimer & competent persons’ statement This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This present
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