Voltaic makes an equity investment in Geopacific Resources Limited for exposure to its Woodlark Gold Project

About this update from Voltaic Strategic Resources Limited

Voltaic Strategic Resources Ltd (ASX: VSR) ('Voltaic' or the 'Company') is pleased to announce that it has participated in a shortfall entitlement offer from Geopacific Resources Limited (ASX: GPR) (Geopacific or GPR) by acquiring 132.65 million shares for a total consideration of $2.653 million at $0.02 per GPR share. Voltaic will hold approximately 4.2% of the shares in GPR (after the entitlement offer is completed) as a strategic investment. This investment will provide VSR with exposure to the Woodlark Island Gold project in Papua New Guinea . The GPR entitlement offer was Sub-underwritten by Deutsche Balaton Aktiengesellschaft ( Deutsche Balaton ) and associates and Patronus Resources Ltd (ASX:PTN) (Patronus) who will be substantial holders of GPR. In light of challenging market conditions for early-stage exploration, this strategic investment represents a decisive pivot toward value creation through exposure to a mature gold development project with near-term production potential. Voltaic's Chairman Daniel Raihani commented: 'This investment opportunity in a significant gold project in Papua New Guinea that has a 1.67 Moz resource with substantial exploration potential and at such a low enterprise value represents an excellent investment for VSR. The Company is very comfortable to make this strategic investment alongside a major fund ( Deutsche Balaton / Delphi group) and gold mine operator (Patronus) who share the view that the Woodlark Island Gold Project has significant upside and is well progressed along the development timeline. After considerable efforts to identify a stand-alone mature exploration project, an investment in GPR places VSR as a strategic investor in a project that meets the Company's previous search criteria. VSR will retain cash reserves of $2.5 million following the completion of its investment in GPR. These funds may be allocated to other investment opportunities or used to support ongoing exploration activities on its current tenements in Australia which are all currently under review.' Background to the Woodlark Island Gold Project The Woodlark Island Gold Project is an open-pit mining development project located on Woodlark Island in Papua New Guinea's Milne Bay Province . The project is owned and operated by Geopacific Resources Limited through its subsidiary, Woodlark Mining Limited , and it has identified significant resources at Kulumadau, Busai, Munasi and Woodlark King with significant other exploration potential available within the company's mineral exploration tenure. Woodlark (or Muyua) Island is located 600 km east of Port Moresby in the Solomon Sea and Milne Bay Province of Papua New Guinea . The island is 65 km by 25 km with an area of 850 km2 and has access by air via private charter to Guasopa Airstrip and small cargo and passenger vessels from Alotau. A comprehensive exploration program comprising approximately 30,000 meters of reverse circulation (RC) and diamond drilling, along with 5,000 meters of trenching is planned for 2025 which aims to extending known gold mineralisation and test new targets to increase the current gold mineral resource. In July 2024 , Geopacific Resources released a new scoping study for the Woodlark Island Gold Project2 which highlighted financial and technical metrics for a 12-year, low-strip open-pit operation. With a pre-tax NPV of A$625 million and IRR of 40.5%, the project targets 1.14 Moz of gold production through conventional processing. Capital costs were estimated at A$326 million , and the life-of-mine all in sustaining costs were estimated at A$1,534 /oz. The scoping study was done using A$2,900 /oz gold price at the time. The study identified enhanced economics benefit from high-grade resources and further resource expansion potential. Contact: DANIEL RAIHANI Chairman Tel: +61 8 6245 9821 Email: [email protected] Forward-Looking Statements This announcement may contain forward-looking statements involving several risks and uncertainties. These forward-looking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialise, or underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. No obligation is assumed to update statements if these beliefs, opinions, and estimates should change or to reflect other future development. Furthermore, this announcement contains forward-looking statements which may be identified by words such as 'prospective', 'potential', 'believes', 'estimates', 'expects', 'intends', 'may', 'will', 'would', 'could', or 'should' and other similar words that involve risks and uncertainties. These statements are based on several assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions, and other important factors, many of which are beyond the control of the Company, the Directors and management of the Company. These and other factors could cause actual results to differ materially from those expressed in any forward-looking statements. The Company cannot and does not give assurances that the results, performance, or achievements expressed or implied in the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. (C) 2025 Electronic News Publishing, source ENP Newswire

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