GEOPACIFIC RESOURCES LTD — Interim / Quarterly Report 2012

Jul 26, 2012

ASX QUARTERLY REPORT

JUNE 2012

GEOPACIFIC RESOURCES NL

ACN 003 208 393

ASX Code: GPR info@geopacific.com.au www.geopacific.com.au

JUNE 2012 QUARTERLY REPORT

Geopacific Resources NL (GPR) is pleased to provide the following report on corporate news and exploration activities undertaken at the Company’s Fiji projects during the quarter ending 30 June 2012.

AUSTRALIAN OFFICE

Suite 6, 125 Melville Parade Como, WA 6152

PO Box 111 South Perth, WA 6951

T +61 8 6365 5573 F +61 8 6210 1682

FIJI OFFICE

PO Box 9975 Nadi Airport Nadi

T +679 6 72 7150 F +679 6 72 7152

HIGHLIGHTS

• Drilling at the Sabeto Project returned a 32m zone of anomalous gold and copper grading 0.24g/t Au and 0.12% Cu from 90m downhole within altered sanidine porphyry intrusive, plus epithermal gold-base metal mineralisation grading up to 5.1g/t Au over intervals between 0.5 and 2m.

• The drilling confirms the prospectivity of Sabeto for both gold-rich disseminated porphyry related gold copper mineralisation and low temperature epithermal vein style gold base metal deposits.

• Previously unsampled zones of fracture-controlled base-metal sulphide mineralisation, similar to that associated with high gold values at Faddy’s, identified in historic drillholes from Mistry prospect.

• Meetings held with Fiji’s Attorney General and Australia’s Shadow Foreign Minister.

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JUNE 2012 ASX QUARTERLY REPORT

PROJECT OVERVIEW

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PROJECTS & ACTIVITIES

NABILA PROJECT

SPL1216 - 100% Millennium Mining (Fiji) Ltd (subsidiary of GPR) SPL1415 - 100% Millennium Mining (Fiji) Ltd (subsidiary of GPR)

Re-assaying Mistry Core

During a technical review of the project at the end of May 2012, fracture-controlled base metal mineralisation, similar to that associated with high-gold values at Faddy’s, was noted in unsampled intervals of several historic drillholes in the Mistry mine area. These holes occur in an arcuate zone of alteration and anomalous geochemistry which extends about 2km to the Faddy’s prospect.

Re-logging of these holes has commenced, with re-sampling due for completion in Q3 2012.

This development significantly increases the size potential for the Faddy’s/Mistry target.

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Figure 1: Map showing locations of drillholes with limited sampling relative to the Faddy’s-Mistry trend

Structural Interpretation

Geopacific’s technical staff conducted a structural interpretation of the Faddy’s Prospect area. This interpretation was completed using local geological knowledge of the project area as well as utilising various satellite and geophysical images. Below is a summary of the major findings:

• Five major structural trends are observed in the Nabila area; E-W, NW-SE, NNW-SSE, NNESSW and NE-SW.

• At Faddys, gold mineralisation is associated with the NE-SW and ENE-WSW.

• These are mainly thrust faults and, in some places, strike slip faults.

• Gold mineralisation can be found in the flatter part of the thrust faults and also along strike slip faults, running northeast to north northeast.

• Weak to moderate gold and base metal mineralisation can be found along the NNW and the NNE structures in other parts of Nabila area.

These interpretations, along with planned ground magnetics in the area, will allow Geopacific to understand the structural architecture of the Faddys trend, allowing for the potential identification of more mineralised structures in the area.

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Figure 2: Map showing major interpreted structures overlaid on the 826mRL ZTEM conductivity depth slice

VUDA & SABETO PROJECTS

SPL1368 – Geopacific Ltd (subsidiary of GPR) has an option to purchase 100% SPL1361 – 100% Geopacific Ltd (subsidiary of GPR)

Diamond Drilling

During the quarter two drillholes were completed at the Sabeto Project for a total of 564.3 metres. Due to severe bad weather in April and May, the drilling program was delayed, restricting access to the drill sites.

The holes were designed to test the Sabeto resistive ZTEM anomaly, as well as fracture-controlled gold mineralisation and alteration defined by surface mapping and geochemistry. Significant gold mineralisation was intersected in both holes.

Table 1: Diamond drill collars for the Sabeto Project

	DRILL	WGS84 ZONE 60S	WGS84 ZONE 60S
L				RL	DEPTH	DIP	AZIMUTH
HOE ID	METHOD	EASTING	NORTHING
SBDD0001	DD	555,274	8,042,535	214	328.65m	-70°	052 Grid
SBDD0002	DD	555,264	8,043,119	258	235.65m	-55°	220 Grid

• See Table 3 & 4 for full assay listing

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JUNE 2012 ASX QUARTERLY REPORT

Hole SBDD0001 intersected a 32m zone of anomalous gold and copper averaging 0.24g/t Au and 0.12% Cu from 90m downhole, including a 4m zone of unsampled core, for which null values were assumed in the calculation of intercepts, with a best assay of 1.49 g/t Au and 0.50% Cu over two metres from 114m downhole. The mineralisation comprises very fine bornite disseminated within an altered sanidine porphyry intrusive.

Hole SBDD0002 encountered numerous 0.5 to 2 metre zones of epithermal carbonate-base metal veining, with assays received to date up to 5.1g/t gold, 0.2% Cu, 0.3% Pb, and 0.7% Zn (see Table 2 below).

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Figure 3: Plan map of the Sabeto diamond drilling

The drilling confirms the presence of a multiphase intrusive complex, intruding the Sabeto volcanics. Lithologies intersected by the drilling comprised biotite monzonite, sanidine feldspar porphyry, and basaltic andesite intrusions within Sabeto volcanics.

Alteration is dominated by weak to moderate chlorite-epidote alteration, with minor fracture-coat and disseminated pyrite. Epithermal quartz-calcite veins are observed within the core of both drill holes, with illite-smectite alteration selvages, suggesting that these drill holes were drilled on the

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JUNE 2012 ASX QUARTERLY REPORT

edge of a system. Mineralisation observed in the drill core comprises fine-grained disseminated bornite and chalcopyrite, with sphalerite-galena-chalcopyrite identified within the epithermal veins in SBDD0002.

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Figure 4: Photo of mineralised intercept in SBDD0001 (114 – 116m; 1.49g/t Au and 0.50% Cu)

Styles of mineralisation differ between the two drillholes with mineralisation in SBDD0001 associated with a zone of fine-grained bornite-magnetite within a porphyritic intrusive, while mineralisation in SBDD0002 is defined by narrow, high-grade carbonate base-metal veins.

Table 2: Significant intercepts from diamond drilling

	FROM (m)	TO (m)	INTERVAL (m)	AU GRADE (g/t)	CU GRADE (%)	PB GRADE (%)	ZN GRADE (%)
HOLE ID
SBDD0001	90	122	32	0.24	0.12	-	-
Including	114	116	2	1.49	0.50	-	-
SBDD0002	47	48	1	4.64	-	0.30	0.69
SBDD0002	72	72.5	0.5	5.05	-	-	-
SBDD0002	126	128	2	1.03	-	-	-
SBDD0002	148	150	2	0.24	0.24	-	-
SBDD0002	162	162.5	0.5	1.47	0.16	-	0.19

• See Table 3 & 4 for full assay listing

While grades encountered are clearly sub-economic to date, this drilling confirms the prospectivity of Sabeto for both gold-rich disseminated porphyry related gold copper mineralisation, and low temperature epithermal vein style gold base metal deposits. The high gold to copper ratios encountered in hole SBDD0001, accompanied by relatively weak alteration, are regarded as particularly encouraging in this respect. A detailed review of structure and district scale geophysics has been initiated, supported by additional field mapping, to help locate follow up drill targets.

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JUNE 2012 ASX QUARTERLY REPORT

CAKAUDROVE PROJECT

SPL1493 - 100% Geopacific Ltd (subsidiary of GPR) Granted 31/01/2012

Stream Sediment Sampling

A review of Geopacific’s geophysical data (including ZTEM) was done during the quarter, several anomalies were identified within the Cakaudrove tenement. The two higher ranked anomalies were chosen for initial stream sediment and rock chip sampling, one of which was located close to the Dakuniba prospect; an area with known high-grade gold-silver epithermal veining.

Sampling commenced during June 2012 and is expected to finish Q3 2012. A total of just under 500 stream sediment samples will be collected from the two areas. Initially, the majority of the samples will be collected at close sample spacing over the Dakuniba prospect, with only a first-pass broad sample spacing at the second anomaly. Samples will be sieved to -80 mesh and sent to ALS for analysis. Results from this drilling program are expected in the quarter.

NUKU PROJECT

SPL1377 - 100% Geopacific Ltd (subsidiary of GPR) CX667 (application) – 100% Geopacific Ltd (subsidiary of GPR)

No field work was completed during the quarter.

RAKI RAKI JV PROJECT

SPL1231, SPL1373, SPL1436 50% Beta Ltd (subsidiary of GPR) – Operator 50% Peninsula Minerals Ltd

Tenement Renewals

Renewals for the Raki Raki and Qalau tenements (SPLs 1231 & 1373) were received, effective for one year from 1[st] June 2012. The Tabuka tenement (SPL 1436), initially flagged for non-renewal by the MRD, was reinstated to Beta Limited (subsidiary of GPR).

OTHER

GEOPHYSICAL REVIEW

A geophysical consultant, Bob Lo, who is at the forefront of the ZTEM technology, was contracted by Geopacific to review the ZTEM data and its relation to the geology encountered within the survey areas.

After a site visit to Fiji, Bob Lo and Bill Peters (Southern Geoscience) reviewed the various geophysical and geological data in connection with the ZTEM, identifying several areas of interest throughout Geopacific’s tenements. These areas were assigned a ranking from low to high. Some of the areas identified within this review have already been tested (i.e. the Nabila deep conductive anomaly); however, numerous areas still remain untested.

These areas are now being prioritised and an exploration programs designed to test these areas based on the style of mineralisation is expected in the Q4 2012.

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OCCUPATIONAL HEALTH, SAFETY, & ENVIRONMENT

Geopacific is pleased to announce there were no work injuries or environmental issues during the quarter.

CORPORATE

MEETING WITH PERMANENT SECRETARY OF LANDS & MINERALS

As part of his new role, Mr Tevita Boseiwaqa, the new Permanent Secretary of Lands and Minerals requested a meeting with Geopacific’s exploration manager and country manager. This meeting was designed to introduce the new Permanent Secretary to the various companies actively exploring in Fiji.

The meeting was held at Geopacific’s Fiji offices, where Geopacific’s exploration manager gave the new Permanent Secretary a briefing on GPR’s Fiji projects, including the current progress and any the issues. The Permanent Secretary said he would like to keep open good lines of communication with the exploration companies operating in Fiji.

MEETING WITH ATTORNEY GENERAL OF FIJI

Geopacific’s Executive Director, Mr Charles Bass, requested a meeting with the Attorney General, Mr Aiyaz Sayed-Khaiyum of Fiji during the quarter. The meeting showed the support of Fiji’s commitment to the resources industry, particularly the support the government will provide to the sector.

The Attorney General indicated that, as part of the ‘People’s Charter of Fiji’, the government is recommending:

1. A long term strategy for the mining sector suggesting a more active role for the government in realising the goal of more mines sustainably operating in Fiji.

2. Support for the development of the mining sector by adequately resourcing the Mineral Resources Department, with special emphasis on its technical capacity.

3. An urgent review of the Mining Act.

MEETING WITH SHADOW FOREIGN MINISTER JULIE BISHOP

After the meeting with the Attorney General of Fiji, Mr Charles Bass met with the Deputy of the Opposition and Shadow Foreign Minister, the Hon Ms Julie Bishop MP, to discuss the outcome of the meeting with Fiji’s Attorney General and Fiji’s progress toward democracy and economic reform. The discussions also covered the progress made by the government over the past several years and the ‘road map’ to elections in 2014, as well as the state of Fiji-Australian relations.

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COMPLETION OF SHARE PLACEMENT

On 10 April 2012, and subsequent to Shareholder approval received at a General Meeting held on 2 April 2012, the Company completed the placement of 2,461,364 ordinary fully paid shares and 1,230,682 listed options, exercisable at 35 cents each expiring 19 January 2013, pursuant to a share placement announced on 17 February 2012.

ISSUE OF UNLISTED OPTIONS

On 5 April 2012 the Company issued 2,000,000 and 250,000 unlisted options over unissued shares in the Company to a Director (subsequent to Shareholder approval) and a consultant to the Company respectively, in lieu of cash consideration for their services:

• 2,000,000 unlisted options exercisable at 30 cents each, expiring 5 April 2015; and

• 250,000 unlisted options exercisable at 30 cents each, expiring 30 September 2014.

The unlisted options are subject to various time and performance based vesting conditions.

The review of exploration activities and results contained in this report are based on information compiled by Dr Russell Fountain, B.Sc., Ph.D, F.A.I.G . , a director of the Company. He has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Russell Fountain has consented to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Yours faithfully,

On behalf of the Board of Directors

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Mark Pitts Company Secretary

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Table 3: Assays for SBDD0001

Hole ID	Sample ID	From	To	Interval	**Auppm **	**Cuppm **	**Pbppm **	**Znppm **	**Ag ppm **
SBDD0001	22284	3.00	4.00	1.00	0.01	180	7	66	0.5
SBDD0001	22285	4.00	6.00	2.00	0.02	222	10	65	0.4
SBDD0001	22286	6.00	8.00	2.00	0.02	195	14	50	0.4
SBDD0001	22287	8.00	10.00	2.00	0.02	237	10	57	0.9
SBDD0001	22288	10.00	12.00	2.00	0.02	308	13	67	1.5
SBDD0001	22289	12.00	13.00	1.00	0.01	123	8	54	0.8
SBDD0001	22290	13.00	14.00	1.00	<0.01	179	7	49	0.5
SBDD0001		14.00	18.00	4.00	NOT SAMPLED
SBDD0001	22291	18.00	20.00	2.00	0.01	176	9	55	0.9
SBDD0001		20.00	28.00	8.00	NOT SAMPLED
SBDD0001	22292	28.00	30.00	2.00	0.01	189	6	35	0.2
SBDD0001	22293	30.00	32.00	2.00	<0.01	377	12	42	0.4
SBDD0001	22294	32.00	34.00	2.00	0.02	462	8	33	0.6
SBDD0001	22295	34.00	36.00	2.00	0.01	492	7	23	0.5
SBDD0001	22296	36.00	38.00	2.00	0.02	506	6	33	0.3
SBDD0001	22297	38.00	40.00	2.00	0.03	629	5	33	0.3
SBDD0001	22298	40.00	42.00	2.00	0.02	617	10	43	0.6
SBDD0001	22299	42.00	44.00	2.00	0.02	346	9	39	0.4
SBDD0001	22300	44.00	46.00	2.00	0.02	401	6	35	0.5
SBDD0001	22301	46.00	48.00	2.00	0.33	866	4	33	0.6
SBDD0001	22302	48.00	50.00	2.00	0.02	588	7	36	0.4
SBDD0001	22303	50.00	52.00	2.00	0.04	419	5	41	0.4
SBDD0001	22304	52.00	54.00	2.00	0.01	277	8	37	0.4
SBDD0001	22305	54.00	56.00	2.00	0.01	282	7	44	0.3
SBDD0001	22306	56.00	58.00	2.00	0.01	297	9	43	0.4
SBDD0001	22308	58.00	60.00	2.00	0.02	473	7	44	0.4
SBDD0001	22309	60.00	62.00	2.00	0.01	421	8	47	0.6
SBDD0001	22310	62.00	63.05	1.05	0.01	275	8	41	0.7
SBDD0001	22311	63.05	64.00	0.95	0.02	426	6	50	0.5
SBDD0001	22312	64.00	66.00	2.00	0.01	514	6	50	0.7
SBDD0001	22313	66.00	68.00	2.00	0.01	190	4	34	0.2
SBDD0001	22314	68.00	70.00	2.00	0.02	274	4	38	0.4
SBDD0001	22315	70.00	72.00	2.00	0.01	184	3	37	0.3
SBDD0001	22316	72.00	74.00	2.00	0.03	649	4	53	0.9
SBDD0001	22317	74.00	76.00	2.00	0.04	754	4	43	0.7
SBDD0001	22318	76.00	78.00	2.00	0.04	934	4	31	1.2
SBDD0001	22319	78.00	80.00	2.00	0.1	1460	4	36	0.9
SBDD0001	22320	80.00	82.00	2.00	0.05	1090	4	38	0.5
SBDD0001	22321	82.00	84.00	2.00	0.02	616	5	38	0.6
SBDD0001	22322	84.00	86.00	2.00	0.03	825	6	35	0.8
SBDD0001	22323	86.00	88.00	2.00	0.03	300	2	31	0.5
SBDD0001	22324	88.00	90.00	2.00	0.02	189	4	31	0.6
SBDD0001	22325	90.00	92.00	2.00	0.1	870	7	36	0.7
SBDD0001	22326	92.00	94.00	2.00	0.37	1530	6	44	0.7
SBDD0001	22327	94.00	96.00	2.00	0.07	964	6	47	0.6
SBDD0001	22328	96.00	98.00	2.00	0.08	686	6	41	0.6
SBDD0001	22329	98.00	100.00	2.00	0.13	1140	5	26	0.4
SBDD0001	22330	100.00	102.00	2.00	0.32	2230	7	46	1.1
SBDD0001	22331	102.00	104.00	2.00	0.59	2780	6	47	1.5
SBDD0001		104.00	106.00	2.00	**Awaiting Assays **
SBDD0001		106.00	108.00	2.00	**Awaiting Assays **

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Hole ID	Sample ID	From	To	Interval	**Auppm **	**Cuppm **	**Pbppm **	**Znppm **	**Ag ppm **
SBDD0001	22333	108.00	110.00	2.00	0.02	220	5	32	0.7
SBDD0001	22334	110.00	112.00	2.00	0.01	183	7	37	0.7
SBDD0001	22335	112.00	114.00	2.00	0.08	618	5	36	1.1
SBDD0001	22336	114.00	116.00	2.00	1.49	4950	12	64	2.4
SBDD0001	22337	116.00	118.00	2.00	0.4	1670	8	50	1
SBDD0001	22338	118.00	120.00	2.00	0.11	532	6	62	0.9
SBDD0001	22339	120.00	122.00	2.00	0.11	933	8	48	0.9
SBDD0001		122.00	124.00	2.00	**Awaiting Assays **
SBDD0001		124.00	126.00	2.00	**Awaiting Assays **
SBDD0001	22340	126.00	128.00	2.00	0.02	327	8	55	0.6
SBDD0001	22341	128.00	130.00	2.00	0.01	177	6	67	0.5
SBDD0001	22342	130.00	132.00	2.00	0.01	300	6	68	0.6
SBDD0001	22343	132.00	134.00	2.00	0.01	207	8	72	0.8
SBDD0001		134.00	138.00	4.00	NOT SAMPLED
SBDD0001	22344	138.00	140.00	2.00	0.03	584	10	67	0.6
SBDD0001	22345	140.00	142.00	2.00	0.04	676	8	55	0.7
SBDD0001	22346	142.00	144.00	2.00	0.02	144	7	53	0.5
SBDD0001	22347	144.00	146.00	2.00	0.01	266	7	52	0.6
SBDD0001	22348	146.00	148.00	2.00	0.02	430	6	43	0.9
SBDD0001	22349	148.00	150.00	2.00	0.03	308	6	41	0.7
SBDD0001	22350	150.00	152.00	2.00	0.12	643	11	70	0.9
SBDD0001	22351	152.00	154.00	2.00	0.05	423	6	71	0.4
SBDD0001	22352	154.00	156.00	2.00	0.06	515	8	59	0.6
SBDD0001	22353	156.00	158.00	2.00	0.08	515	7	70	0.6
SBDD0001	22354	158.00	160.00	2.00	0.08	725	6	58	0.7
SBDD0001	22355	160.00	162.00	2.00	0.03	302	5	61	0.7
SBDD0001	22356	162.00	164.00	2.00	0.03	307	8	75	0.9
SBDD0001	22358	164.00	166.00	2.00	0.05	138	7	38	1.1
SBDD0001	22359	166.00	168.00	2.00	0.02	143	6	47	0.7
SBDD0001	22360	168.00	170.00	2.00	0.01	199	11	63	0.6
SBDD0001	22361	170.00	172.00	2.00	0.1	557	5	40	0.5
SBDD0001	22362	172.00	174.00	2.00	0.08	633	4	50	0.4
SBDD0001		174.00	178.00	4.00	NOT SAMPLED
SBDD0001	22363	178.00	180.00	2.00	0.03	342	5	41	0.6
SBDD0001	22364	180.00	182.00	2.00	0.05	346	4	23	0.2
SBDD0001	22365	182.00	184.00	2.00	0.07	488	5	35	0.5
SBDD0001	22366	184.00	186.00	2.00	0.11	564	7	44	0.5
SBDD0001	22367	188.00	190.00	2.00	0.07	378	5	49	0.4
SBDD0001		190.00	192.00	2.00	NOT SAMPLED
SBDD0001	22368	192.00	194.00	2.00	0.03	315	5	48	0.4
SBDD0001	22369	194.00	196.00	2.00	0.02	266	4	52	0.3
SBDD0001	22370	198.00	200.00	2.00	0.03	452	4	51	0.5
SBDD0001	22372	200.00	202.00	2.00	0.11	613	4	37	0.3
SBDD0001	22373	202.00	204.00	2.00	0.05	455	2	32	<0.2
SBDD0001	22374	204.00	206.00	2.00	0.14	975	2	27	0.2
SBDD0001	22375	206.00	208.00	2.00	0.12	680	5	40	0.3
SBDD0001	22376	208.00	210.00	2.00	0.05	390	<2	53	<0.2
SBDD0001	22377	210.00	212.00	2.00	0.37	1140	3	37	0.3
SBDD0001	22378	212.00	214.00	2.00	0.08	454	2	31	<0.2
SBDD0001	22379	214.00	216.00	2.00	0.06	381	3	32	<0.2
SBDD0001	22380	216.00	218.00	2.00	0.04	357	<2	42	<0.2
SBDD0001	22381	218.00	220.00	2.00	0.03	454	6	63	<0.2
SBDD0001		220.00	228.00	8.00	NOT SAMPLED

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Hole ID	Sample ID	From	To	Interval	**Auppm **	**Cuppm **	**Pbppm **	**Znppm **	**Ag ppm **
SBDD0001	22382	228.00	230.00	2.00	0.07	538	5	20	<0.2
SBDD0001	22383	230.00	232.00	2.00	0.12	208	5	28	<0.2
SBDD0001		232.00	236.00	4.00	NOT SAMPLED
SBDD0001	22384	236.00	236.50	0.50	0.03	209	4	27	<0.2
SBDD0001	22385	236.50	237.50	1.00	0.11	180	3	18	0.2
SBDD0001	22388	237.50	238.00	0.50	0.14	567	2	20	<0.2
SBDD0001	22389	238.00	240.00	2.00	0.04	266	3	22	<0.2
SBDD0001		240.00	248.00	8.00	NOT SAMPLED
SBDD0001	22390	248.00	250.00	2.00	0.01	105	4	29	<0.2
SBDD0001		250.00	258.00	8.00	NOT SAMPLED
SBDD0001	22391	258.00	260.00	2.00	<0.01	132	9	64	0.2
SBDD0001		260.00	268.00	8.00	NOT SAMPLED
SBDD0001	22392	268.00	270.00	2.00	<0.01	179	4	55	<0.2
SBDD0001	22393	270.00	271.00	1.00	0.01	64	5	34	<0.2
SBDD0001	22394	271.00	272.00	1.00	<0.01	175	2	53	0.2
SBDD0001	22396	278.00	280.00	2.00	<0.01	168	11	79	0.3
SBDD0001		280.00	288.00	8.00	NOT SAMPLED
SBDD0001	22397	288.00	290.00	2.00	<0.01	162	8	42	<0.2
SBDD0001	22398	290.00	292.00	2.00	0.01	263	3	34	0.2
SBDD0001	22399	292.00	294.00	2.00	<0.01	236	8	36	0.4
SBDD0001	22400	294.00	296.00	2.00	<0.01	181	15	40	0.8
SBDD0001	22401	296.00	298.00	2.00	<0.01	171	13	38	0.6
SBDD0001	22402	298.00	300.00	2.00	<0.01	166	12	21	0.5
SBDD0001		300.00	308.00	8.00	NOT SAMPLED
SBDD0001	22403	308.00	310.00	2.00	<0.01	145	13	25	0.8
SBDD0001		310.00	314.00	4.00	NOT SAMPLED
SBDD0001	22404	314.00	316.00	2.00	0.01	189	5	48	0.6
SBDD0001	22405	316.00	318.00	2.00	<0.01	62	7	26	0.4
SBDD0001	22406	318.00	320.00	2.00	<0.01	72	7	56	0.7
SBDD0001	22407	320.00	322.00	2.00	0.01	60	5	60	0.5
SBDD0001	22408	322.00	324.00	2.00	0.01	89	4	53	0.5
SBDD0001	22409	324.00	326.00	2.00	<0.01	190	11	62	0.8
SBDD0001	22410	326.00	328.65	2.65	<0.01	177	11	45	0.5

Page 12 of 14

JUNE 2012 ASX QUARTERLY REPORT

Table 4: Assays for SBDD0002

Hole ID	Sample ID	From	To	Interval	**Auppm **	**Cuppm **	**Pbppm **	**Znppm **	**Ag ppm **
SBDD0002	22411	8.00	10.00	2.00	<0.01	196	<2	177	0.2
SBDD0002	22412	10.00	12.00	2.00	<0.01	233	7	242	0.2
SBDD0002	22413	12.00	14.00	2.00	<0.01	200	7	167	0.4
SBDD0002	22414	14.00	16.00	2.00	<0.01	156	3	127	0.2
SBDD0002	22415	16.00	18.00	2.00	<0.01	170	4	161	<0.2
SBDD0002	22416	18.00	20.00	2.00	0.06	177	10	207	<0.2
SBDD0002		14.00	18.00	4.00	NOT SAMPLED
SBDD0002	22417	28.00	30.00	2.00	<0.01	274	10	80	0.3
SBDD0002		14.00	18.00	4.00	NOT SAMPLED
SBDD0002	22418	38.00	40.00	2.00	<0.01	232	8	129	0.3
SBDD0002		14.00	18.00	4.00	NOT SAMPLED
SBDD0002	22419	46.00	47.00	1.00	<0.01	169	4	98	<0.2
SBDD0002	22420	47.00	48.00	1.00	4.64	770	2990	6880	3.8
SBDD0002	22423	48.00	50.00	2.00	<0.01	285	7	117	0.2
SBDD0002		14.00	18.00	4.00	NOT SAMPLED
SBDD0002	22424	58.00	60.00	2.00	<0.01	532	12	129	0.6
SBDD0002		14.00	18.00	4.00	NOT SAMPLED
SBDD0002	22425	68.00	70.00	2.00	<0.01	464	8	76	0.5
SBDD0002	22426	70.00	72.00	2.00	<0.01	191	7	87	0.5
SBDD0002	22427	72.00	72.50	0.50	5.05	352	477	428	2.3
SBDD0002	22429	72.50	73.00	0.50	<0.01	219	25	156	0.3
SBDD0002		14.00	18.00	4.00	NOT SAMPLED
SBDD0002	22430	78.00	80.00	2.00	<0.01	245	3	65	0.2
SBDD0002	22431	80.00	82.00	2.00	<0.01	126	8	116	<0.2
SBDD0002	22432	82.00	84.00	2.00	<0.01	541	5	94	0.3
SBDD0002	22433	84.00	86.00	2.00	0.19	197	3	70	0.5
SBDD0002	22434	86.00	88.00	2.00	<0.01	273	4	82	0.4
SBDD0002	22435	88.00	90.00	2.00	<0.01	298	2	87	<0.2
SBDD0002		14.00	18.00	4.00	NOT SAMPLED
SBDD0002	22436	96.00	98.00	2.00	<0.01	178	3	90	<0.2
SBDD0002	22437	98.00	100.00	2.00	0.01	142	<2	79	<0.2
SBDD0002		14.00	18.00	4.00	NOT SAMPLED
SBDD0002	22438	108.00	110.00	2.00	<0.01	84	7	50	<0.2
SBDD0002	22439	110.00	112.00	2.00	<0.01	82	4	51	<0.2
SBDD0002	22440	112.00	113.00	1.00	0.22	141	7	71	<0.2
SBDD0002	22441	113.00	114.00	1.00	<0.01	126	8	42	<0.2
SBDD0002		14.00	18.00	4.00	NOT SAMPLED
SBDD0002	22442	118.00	120.00	2.00	<0.01	101	7	60	<0.2
SBDD0002	22443	120.00	122.00	2.00	<0.01	291	9	71	<0.2
SBDD0002	22444	122.00	124.00	2.00	<0.01	258	<2	42	<0.2
SBDD0002	22446	124.00	126.00	2.00	<0.01	278	2	56	<0.2
SBDD0002	22447	126.00	128.00	2.00	1.03	334	42	172	0.2
SBDD0002	22448	128.00	130.00	2.00	0.01	525	30	94	<0.2
SBDD0002	22449	130.00	132.00	2.00	<0.01	216	7	70	<0.2
SBDD0002	22450	132.00	134.00	2.00	<0.01	106	4	52	<0.2
SBDD0002	22451	134.00	136.00	2.00	0.37	232	6	102	<0.2
SBDD0002	22452	136.00	138.00	2.00	0.01	210	4	66	<0.2
SBDD0002	22453	138.00	140.00	2.00	<0.01	243	5	61	<0.2
SBDD0002	22454	140.00	142.00	2.00	<0.01	297	6	98	0.2
SBDD0002		14.00	18.00	4.00	NOT SAMPLED
SBDD0002	22455	148.00	150.00	2.00	0.24	2420	3	88	0.3

Page 13 of 14

JUNE 2012 ASX QUARTERLY REPORT

Hole ID	Sample ID	From	To	Interval	**Auppm **	**Cuppm **	**Pbppm **	**Znppm **	**Ag ppm **
SBDD0002		14.00	18.00	4.00	NOT SAMPLED
SBDD0002	22456	158.00	160.00	2.00	0.01	314	2	52	<0.2
SBDD0002	22457	160.00	162.00	2.00	<0.01	251	<2	47	<0.2
SBDD0002	22458	162.00	162.50	0.50	1.47	1610	451	1860	3.1
SBDD0002	22460	162.50	164.00	1.50	<0.01	274	2	54	<0.2
SBDD0002		164.00	235.65		Still undergoing sampling

Page 14 of 14

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10

Name of entity

	Geopacific Resources NL	Geopacific Resources NL
	ACN 003 208 393 Consolidated statement of cash flows
			30 June 2012
Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other Net Operating Cash Flows		Current quarter $A’000		Year to date (6 months) $A’000
		- (429) - - (318) - 17 - - 1		- (813) - - (385) - 32 - - 1
		(729)		(1,165)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets (d) environmental bonds 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)		- - (40) - - - - -		- - (66) - - - - -
		(40)		(66)
		(769)		(1,231)

• See chapter 19 for defined terms.

17/12/2010 Appendix 5B Page 1

Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(769)	(1,231)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other – Share issue costs Net financing cash flows	542 - - - - (33)	1,202 - - - - (72)
	509	1,130
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter	(260) 1,844 (12)	(101) 1,687 (14)
	1,572	1,572

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

related entities
1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
	83
	-

• 1.25 Explanation necessary for an understanding of the transactions

• Director’s fees and consulting fees paid to Exsolutions Pty Ltd an entity related to Dr Russell Fountain - $72,750 (This amount related to prior periods)

• Rent paid to The Bass Group an entity related to Mr Charles Bass - $9,858

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

Not Applicable

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Not Applicable

Financing facilities available

Add notes as necessary for an understanding of the position.

• 3.1 Loan facilities

n.
Amount available $A’000	Amount used $A’000
-	-

• See chapter 19 for defined terms.

Appendix 5B Page 2

17/12/2010

Appendix 5B Mining exploration entity quarterly report

	3.2 Credit standby arrangements		-	-
	Estimated cash outflows for next quarter 4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration Total
			$A’000
				339
				-
				-
				254
				593
	Reconciliation of cash Reconciliationof cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A’000		Previous quarter $A’000
	5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details)	1,572		1,844
		-		-
		-		-
		-		-
	Total: cash at end of quarter(item 1.22)	1,572		1,844

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest	Interest at beginning ofquarter	Interest at end of quarter
	-	-	-	-
	-	-	-	-

• See chapter 19 for defined terms.

17/12/2010 Appendix 5B Page 3

Appendix 5B Mining exploration entity quarterly report

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

	Total number	Number quoted	Issue price per security (cents)	Amount paid up per security (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions	-	-	-	-
	- -	- -	- -	- -
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	43,315,827	43,315,827
	2,461,364 -	2,461,364 -	-	-
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	-	-	-	-
	- -	- -	- -	- -

• See chapter 19 for defined terms.

Appendix 5B Page 4

17/12/2010

Appendix 5B Mining exploration entity quarterly report

7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	100,000 600,000 100,000 750,000 800,000 200,000 2,000,000 21,657,951	- - - - - - - 21,657,951	$Exercise price $1.00 $0.50 $1.50 $0.30 $2.50 $5.00 $0.30 $0.35	Expiry date 08/05/2013 01/08/2013 08/05/2014 30/09/2014 5years after defining JORC 200,000 oz at Faddys Gold Deposit. 10years after defining JORC 1,000,000 oz at Faddys Gold Deposit. 5/04/2015 19/01/2013
	1,230,682 2,000,000 250,000	1,230,682 - -	$0.35 $0.30 $0.30	19/01/2013 5/04/2015 30/09/2014
	-	-	-	-
	100,000	-	$1.25	08/05/2012
7.11 Debentures (totals only)	-	-
7.12 Unsecured notes(totals only)	-	-

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).

• 2 This statement does give a true and fair view of the matters disclosed.

Sign here: (Company secretary)

Date: 27 July 2012

Print name: Mark Pitts

• See chapter 19 for defined terms.

17/12/2010 Appendix 5B Page 5

Appendix 5B Mining exploration entity quarterly report

Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

• See chapter 19 for defined terms.

Appendix 5B Page 6

17/12/2010