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GEOPACIFIC RESOURCES LTD — Investor Presentation 2011
Dec 4, 2011
65008_rns_2011-12-04_0a4a298d-a218-4c95-8fe0-a349b6184128.pdf
Investor Presentation
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PORPHYRY CU-AU SYSTEMS Fiji & South Pacific Ring of Fire
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November 2011
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DISCLAIMER
This presentation contains forward-looking statements that involve subjective judgement and analysis and accordingly, are subject to significant uncertainties and risks, many of which are outside the control of, and are unknown to, Geopacific Resources NL (“Geopacific”). In such circumstances, the forward-looking statements can be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “seek”, “estimate”, “believe”, “continue” or other similar words.
No representation, warranty or assurance is given or made in relation to any forward-looking statement by Geopacific or it’s representatives, In addition, no representation, warranty or assurance is given in relation to any underlying assumption or that any forward-looking statements will be achieved. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Accordingly, readers are cautioned not to place undue reliance on such forward-looking statements as a result of the uncertainties.
In particular, Geopacific wishes to caution readers that these forward-looking statements are based on economic predictions and assumptions on reserves, mining method, production rates, metal prices and costs (both capital and operating) developed by Geopacific management in conjunction with consultants.
This presentation and the forward-looking statements made in this presentation, speak only as of the date of the presentation. Accordingly, subject to any continuing obligations under the Corporations Act and the Australian Stock Exchange Listing Rules, Geopacific disclaims any obligation or undertaking to publicly update or revise any of the forwardlooking statements in this presentation, whether as a result of new information, or any change in events, conditions or circumstances on which any such statements is based.
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CORPORATE SUMMARY
ASX – GPR
| CORPORATE SUMMA | RY ASX – GPR |
|---|---|
| CAPITAL STRUCTURE (as at 18-Nov-11) Shares on Issue 36,578,791 Share Price A$0.30 Undiluted Market Cap A$11 Million Cash A$1.57 Million Options 9,792,106 OPTIONS BREAKDOWN A$0.30 16-Dec-11 7,242,106 A$1.25 08-May-12 100,000 A$1.50 08-May-13 100,000 A$0.50 01-Aug-13 600,000 A$0.30 30-Sep-14 750,000 A$2.50 - $5.00 Resource 1,000,000 |
TOP 5 SHAREHOLDERS |
| Laguna Bay Capital Pty Ltd 5,297,417 14.5% |
|
| Springtide Capital Pty Ltd 4,606,423 12.6% |
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| HSBC Custody Nominees (Aus) Ltd 2,585,198 7.1% |
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| Lujeta Pty Ltd 2,135,000 5.8% |
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| Quartz Mountain Mining Pty Ltd 1,782,419 4.9% |
|
| TOTAL 16,406,457 44.9% |
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| DIRECTORS | |
| Mr Stephen Timothy Biggs Non Exec. Chairman |
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| Mr Charles Bass Executive Director |
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| Dr Russell Fountain Non-Exec Director |
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| Mr Ian Simpson Non-Exec Director |
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| Mr Roger Harvie Probert Alternate Director to I. Simpson |
|
| Mr Grahame Clegg Company Secretary |
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PORPHYRY DEPOSITS SOUTHWEST PACIFIC
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PORPHYRY DEPOSITS SOUTHWEST PACIFIC
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PROJECT OVERVIEW
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EXPLORATION OVERVIEW
■ Geopacific Resources is exploring for large porphyry Cu-Au systems
■ Geopacific Resources are currently:
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Utilising modern exploration techniques (ZTEM geophysical surveys)
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Revisiting old data using new data processing methods
■ Work programmes currently underway:
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Trenching and soil auger geochemistry of Sabeto
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Drilling 850m deep diamond hole at Nabila testing ZTEM anomaly
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3D processing of Cakaudrove ZTEM data
■ Short-term field programmes:
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Planning drill locations at Sabeto
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Soil auger sampling at Vuda
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Trenching at Raki Raki
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GEOPHYSICS – ZTEM
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Geopacific completed ZTEM geophysical surveys over most of it’s project areas:
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Nabila, Vuda, Sabeto, Nadi South, Raki Raki, and Cakaudrove
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New, state-of-the-art geophysical technique, used predominantly as a deep (~1-2km) geological/alteration mapping tool
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Measures small electrical pulses from lightening strikes
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Porphyry systems can produce both conductive and resistive anomalies
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EPITHERMAL/PORPHYRY CU-AU MODEL
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Possible position of Geopacific projects within a porphyry system model
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Geopacific will test this theoretical model with drilling and surface geochemical techniques
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ZTEM has provided targets for drilling at Nabila, Vuda, & Sabeto
■ Surface geochemistry will provide better targeting of drillholes
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NABILA PROJECT
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■ 3D inverted ZTEM data at Nabila identified a large conductive zone with a pronounced core (~1,000m x 500m)
■ Cross-section through core of anomaly shows core to be ~750 metres below the surface
■ Previous drilling over an IP anomaly close-by identified weak base metal mineralisation and alteration commonly associated with porphyry systems
- Observed mineralisation & alteration provide indicators for depth of system
■ A deep (~850m) drillhole has started and expected completion is end of year with assays returned end of January
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SABETO & VUDA PROJECTS
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- ZTEM sections at Vuda and Sabeto display a broad resistive anomaly at both projects
■ Historic drilling near the resistor at Vuda contains intersections of gold mineralisation not followed up with deeper drilling
■ Resistive anomaly coincident with gold & copper in soils and visible copper mineralisation in rock chips at Sabeto
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SABETO PROJECT
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Zoned alteration and multiple intrusive phases identified in the mapping indicate the potential for a deep mineralised porphyry system
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■ Copper mineralisation observed in outcrop provide broad target for follow up trenching/drilling
■ Trenching currently being utilised to provide more effecting drill targeting
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CAKAUDROVE PROJECT
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■ A circular resistive ZTEM anomaly identified
■ Anomaly is coincident with a known gold occurrence (Dakuniba Gold Prospect) and ‐ several quartz pyrite vein outcrops
■ Historic work identified a zone of NW-trending quartz veining carrying gold, silver, and base metals
- Initial field visits confirmed findings from previous work completed, and identified further veining and mineralisation not previously noted
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ZTEM DATA INTERPRETATION
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■ Nabila conductive anomaly possibly conductive phyllic zone of porphyry system (>10% pyrite)
■ Vuda &Sabeto resistive anomalies (with conductive shell) are possibly the core of a porphyry system with pyrite alteration forming the conductive shell.
■ Data from Cakaudrove currently undergoing 3D inversion
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RAKI RAKI PROJECT
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■ Previous work on some prospects was seen to have been insufficient and hasn’t tested prospects effectively
■ Observations from recent field work indicated that the mineralised system may be deeper than previously thought
■ Future work planned includes:
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Metal zonation studies on previously sampled core from various prospects might provide a indication of the level of the current mineralisation in the system
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Further trenching at one prospect is aimed at identifying strike extension and dip indications of an untested vein system
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GPR – EXPLORATION DIARY 2012
■ Geopacific is committed to exploring for and identifying mineralising systems within the project areas using modern exploration techniques
■ Geopacific has many exploration programmes planned for 2012:
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Initial drill testing of Nabila, Sabeto, and Vuda ZTEM anomalies
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Drill testing of theoretical model at Raki Raki (deeper target than previously tested)
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Surface geochemical surveys over most project areas including:
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Sabeto (Current)
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Raki Raki, Cakaudrove, & Nabila (Planned)
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Ongoing geophysical data processing & interpretations at all projects
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Ongoing geochemical and drilling data processing and interpretations at all projects
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It is anticipated that all this field and office-based work will result in further drilling and a better understanding of the geology of the projects
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EXPLORATION BUDGET 2012
| NABILA PROJECT | METRES | TOTAL COST | ||
|---|---|---|---|---|
| Drilling | 2,000 | $ | 500,000 | |
| Surface Geochemistry | $ | 20,000 | ||
| Other | $ | 10,000 | ||
| VUDA PROJECT | ||||
| Drilling | 2,000 | $ | 500,000 | |
| Surface Geochemistry | $ | 100,000 | ||
| Other (mostly option payments) | $ | 200,000 | ||
| RAKI RAKI PROJECT (50% GPR) | ||||
| Drilling | 1,000 | $ | 250,000 | |
| Surface Geochemistry | $ | 50,000 | ||
| Other | $ | 10,000 | ||
| CAKAUDROVE PROJECT | ||||
| Surface Geochemistry | $ | 80,000 | ||
| Other | $ | 25,000 | ||
| TOTAL | 5,000 | $ | 1,745,000 | |
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CONTACT DETAILS
AUSTRALIAN OFFICE
Suite 6, 125 Melville Parade, Como, WA 6152 PO Box 111, South Perth, WA 6951 P +61 8 6365 5573 | F +61 8 6210 1682 W www.geopacific.com.au
Tim Biggs | Chairman M +61 417 244 479 | E [email protected] Charles Bass | Executive Director M +61 409 880 907| E [email protected] Steven Whitehead | Acting Exploration Manager M +61 430 478 160 | E [email protected]
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