Geopacific Resources Limited · ASX:GPR
Geopacific Resources — Corporate Update (February 2023)
12 slides from Geopacific Resources's corporate update, February 2023
Slide 1: Project Update
Project Update February 2023
Slide 2: Geopacific Investment Highlights
Geopacific Investment Highlights Large, Robust • 1.5Moz Mineral Resource; 94% Measured and Indicated1. Resource • Near-surface, high-grade zones provide optionality. Near-term • All Woodlark Project exploration and mining licences in good standing2. Development • Positioned to leverage extensive pre
Slide 3: Outcomes from 2022 Work Program
Outcomes from 2022 Work Program Following the suspension of construction activities at the Project in February 2022, Geopacific’s focus has been on clearing residual contractual matters, maintaining the Company’s social licence to operate, and commencing the process of re-evaluating the future pathw
Slide 4: 2022 Exploration Campaign
2022 Exploration Campaign • Drilling was largely focused on infill and resource definition drilling Grade Control Drilling at Kulumadau proximal to defined resources. • Included a close spaced grade control program at Kulumadau (see cross- section right) which: 23km Drilling Program Confirmed the
Slide 5: Exploration Targeting Review
Exploration Targeting Review • Exploration efforts in recent years largely focused on resource definition in support of project development. • Identified prospects are mostly located on exposed volcanics – majority have been subject to limited exploration. Underexplored • Significant untested potent
Slide 6: Woodlark Mineral Resource Update
Woodlark Mineral Resource Update The 2022 drilling campaign culminated in an update to the Woodlark Mineral Resource Estimate in December 20221. Tonnes Grade Contained Ounces Mineral Resource Update – Example of High-Grade Zones Category (Million) (g/t Au) (oz Au) Measured 2.43 2.77 216 Indicated 41
Slide 7: Woodlark – Project Optimisation
Woodlark – Project Optimisation Evaluation of the updated Mineral Resource and historical studies has highlighted the potential to further optimise the project. These optimisation studies will form a key component of the planned work streams and will be aligned with the proposed exploration strategy
Slide 8: Community Relocation – A PNG Benchmark
Community Relocation – A PNG Benchmark • Community relocation continues, transitioning to a more cost effective self perform model in 2023. • MRA (government agency responsible for project tenure) letter of commendation outlined ongoing strong support for the program noting that the resettlement wil
Slide 9: 2023 Work Program
2023 Work Program Building on the 2022 work program, subject to available funding, the Company intends to complete the following in 2023 1. Focused geological review to improve targeting of high-grade opportunities. 2. Update of the Project operating and capital cost estimates. 3. Assess the potenti
Slide 10: 2023 Work Program Schedule
2023 Work Program Schedule 1 Q1 CY23 Q2 CY23 Q3 CY23 PFS outlining preferred project Project optimisation studies configuration Re-statement of Ore Reserves Updated open-pit designs and schedules (subject to study outcomes) Exploration targeting review Exploration campaign (subject to review outcome
Slide 11: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement This presentation is for information purposes only. This presentation does not constitute financial product Forward Looking Statements: All statements other than statements of historical fact included in this advice and has been prepared without taking into
Slide 12: Contact
Contact Richard Clayton Interim CEO [email protected] This presentation has been approved for release by the Board of Geopacific Resources Limited
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