GEOPACIFIC RESOURCES LTD — Investor Presentation 2016

Jul 17, 2016

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18 July 2016 GEOPACIFIC RESOURCES LIMITED ACN 003 208 393

ASX Code: GPR

INVESTOR PRESENTATION

Geopacific Resources Limited ( Geopacific or the Company ) (ASX:GPR) is pleased to release the following updated investor presentation.

info@geopacific.com.au www.geopacific.com.au

The presentation can also be viewed on the company’s website. For further information please contact Ron Heeks, Managing Director on +61 8 6143 1821.

AUSTRALIAN OFFICE

Level 1, 278 Stirling Highway Claremont, WA 6010. PO Box 439, Claremont, WA 6910. T +61 8 6143 1823

For and on behalf of the Board

Mr John Lewis

Company Secretary

FIJI OFFICE

PO Box 9975 Nadi Airport Nadi T +679 6 72 7150 F +679 6 72 7152

DIRECTORS

Chairman: Milan Jerkovic Managing Director: Ron Heeks Non-Exec Director: Mark Bojanjac Company Secretary: John Lewis

PROJECTS

CAMBODIA: Kou Sa Copper

FIJI: Sabeto/Vuda Gold-Copper Rakiraki Gold Nabila Copper-Gold

PNG Woodlark Gold

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A CLEAR PATH TO PRODUCTION

ASX : GPR

JULY 2016

Strategy

Geopacific is a gold and copper company with a portfolio of assets in the Asia-Pacific region and sights set firmly on production

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Corporate ASX : GPR

Directors & Senior Management Milan Jerkovic Non-Executive Chairman Ron Heeks Managing Director Mark Bojanjac Non-Executive Director John Lewis Company Secretary Capital Structure 7 July 2016 No. of shares 799.5m No. of options 2.7m Fully diluted no. of shares 802.2m Market Cap @ $0.043 $34m Cash $2m Shareholding at 7 July2016 Resource Capital Funds (RCF) 41% Tembo Capital 25% Ingalls and Snyder 4% Seaman’s Capital 2% Directors 4% Top 20 84%	Directors & Senior Management Milan Jerkovic Non-Executive Chairman Ron Heeks Managing Director Mark Bojanjac Non-Executive Director John Lewis Company Secretary Capital Structure 7 July 2016 No. of shares 799.5m No. of options 2.7m Fully diluted no. of shares 802.2m Market Cap @ $0.043 $34m Cash $2m Shareholding at 7 July2016 Resource Capital Funds (RCF) 41% Tembo Capital 25% Ingalls and Snyder 4% Seaman’s Capital 2% Directors 4% Top 20 84%	Directors & Senior Management	Directors & Senior Management
		Milan Jerkovic	Non-Executive Chairman
		Ron Heeks	Managing Director
		Mark Bojanjac	Non-Executive Director
		John Lewis	Company Secretary
Shareholding at 7 July2016
Resource Capital Funds (RCF)	41%
Tembo Capital	25%
Ingalls and Snyder	4%
Seaman’s Capital	2%
Directors	4%
Top 20	84%

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Expertise and ability to deliver

Board and senior management team has successfully:

• 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 areas and on a small island

• Managed large portfolios of projects with impressive results

Regional capability with a specialist field team:

• Worked internationally with Ron Heeks for over 15 years

• Expertise in epithermal gold in Asia-Pacific

• High-quality geological results in challenging areas

• Comfortable in high rainfall areas with logistic and topographic challenges

• Experienced in managing relationships with local communities

• Regionally based – cost effective

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Ron Heeks’ expertise and ability to deliver

An example

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 resources and reserves to over 300 Mt

• This became the first mining company listed on Singapore Stock Exchange – $400M float

Management of:

• 1,000 Employees

• Exploration programs with ten helicopter-supported drilling rigs

• Mining operations covering 5 open-cut pits and 2 commodities

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Woodlark – Gold project summary

A CLEAR PATH TO PRODUCTION Name Woodlark Island Gold Project Location Woodlark Island, 600 km east of Port Moresby in the Milne Bay Province, PNG Ownership 100% by Kula Gold Limited through its subsidiary Woodlark Mining Limited PNG Government – 5% participating interest (to be assigned by Kula) Mineralisation Epithermal gold JORC Resource of 2.1Moz Au at 1.5g/t, Incl. reserve of 766Koz Au at 2.2g/t DFS (Completed 2012) 1.8Mtpa gravity and carbon in leach plant to produce 100koz Au/pa Fully permitted – Mining Lease and Environmental Permitgranted Historic (pre Geopacific) Circa A$150M 220,000m drilled Opportunity A$11 / resource oz gold Advanced gold project – construction ready Potential >5M oz goldfield	Name	Woodlark Island Gold Project
	Location	Woodlark Island, 600 km east of Port Moresby in the Milne Bay Province, PNG
	Ownership	100% by Kula Gold Limited through its subsidiary Woodlark Mining Limited PNG Government – 5% participating interest (to be assigned by Kula)
	Mineralisation	Epithermal gold
	JORC	Resource of 2.1Moz Au at 1.5g/t, Incl. reserve of 766Koz Au at 2.2g/t
	DFS (Completed 2012)	1.8Mtpa gravity and carbon in leach plant to produce 100koz Au/pa Fully permitted – Mining Lease and Environmental Permitgranted
	Historic (pre Geopacific)	Circa A$150M 220,000m drilled

Woodlark gold project – Location map

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Woodlark – Arbitrage opportunity

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 team

• Supported by leading funds – Resource Capital Funds (RCF) & Tembo Capital

• Proven field team based in region

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A clear path to gold production

• > 150Koz pa producer Aim • > 10 year mine life

• Short development time

Simple task

• Increase reserves from 766Koz gold to 1.2Moz gold by converting existing resources

• • Rebase DFS

• Move into production

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Deal structure – project level earn in

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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%
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Woodlark – Roadmap to deliver aim

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

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Woodlark – Resources

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

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Significant regional exploration upside

>5Moz Au potential >15 current exploration targets No deep drilling Many areas totally inferred High-grade underground potential

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Greater geological understanding now, than at time of JORC reserve work

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Woodlark – Kulumadau resources

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Adelaide zone
100m
Kulumadau West
Kulumadau East
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Resource Class
M+I
Inferred
Pit outline
Ore blocks >0.8g/t Au
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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 for 397,000oz Au (at 0.5g/t lower cut)

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Woodlark – Kulumadau section

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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
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Woodlark – Kulumadau mineralisation model

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Mineralisation
open at depth
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Woodlark – Upside potential at Busai

Mineralisation Mineralisation open at depth open at depth

Drilling ends in high-grade mineralisation

-150m

Mineralisation open at depth

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Woodlark – Exploration upside

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Current
Resources
Structure
Kulumadau
Epithermal
Targets
Busai
Woodlark King
Postulated Porphyry
0km 5km
Intrusive Centre
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Market comparisons

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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
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Board

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 general management. Mr Jerkovic is currently chairman of Blackham Resources and principal of the Xavier Group. He was previously the CEO of Straits Resources Limited, has held positions with WMC, BHP, Nord Pacific, Hargraves, Tritton and Straits Asia and was the founding chairman of Straits Asia Resources.

Ron Heeks B.App.Sc (Geol) MAusIMM Managing Director

Mr Heeks is a geologist with 30 years of experience in the mining industry experience, holding senior roles in both exploration and mine management. Mr Heeks has lived and worked internationally gaining extensive experience in operating in emerging economies, particularly Indonesia and South-East Asia. Mr Heeks was formerly general manager of technical for Straits Asia’s Indonesian operations and chief technical officer for Adamus Resources’ Southern Ashanti gold operation. He was a founder of Exploration and Mining Consultants and held positions with WMC, Newcrest, Newmont (US) and RSG Consulting.

Mark Bojanjac CA Non-Executive Director

Mr Bojanjac is a chartered accountant with over 20 years’ experience in developing resource companies. Mr Bojanjac was a founding director of Gilt-Edged Mining Limited, MD of a public company which developed a 2.4m oz gold resource in Mongolia and co-founded a 3m oz gold project in China. Mr Bojanjac was CEO of Adamus Resources Limited. He also serves as nonexecutive chairman of Canadian explorer, Coventry Resources.

John Lewis CA CFO & Company Secretary

Mr Lewis is a chartered accountant with 20 years’ experience. He has worked predominantly in corporate reorganisation and corporate advisory, specialising in the mining industry for the past 8 years. Mr Lewis has worked on a number of mining projects including restructuring the business for sale and managing the operations of Croesus Resources NL (now Central Norseman Gold Mines PLC) and as an advisor for Deloitte. Mr Lewis was formerly CFO of Nickelore Limited and CFO, Director and Company Secretary of Dragon Mountain Gold Limited.

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20

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 presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their jurisdiction. Failure to do so may result in a violation of laws in such jurisdiction. This presentation does not constitute financial product advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or needs and the opinions and recommendations herein are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

Competent Person’s Statement

The information in this announcement that relates to exploration results is based on information compiled by or under the supervision of Ron Heeks, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy and Managing Director of Geopacific. Mr Heeks has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Heeks consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

The information in this announcement that relates to Exploration Results from the Woodlark project are based on information compiled by Mr. Lee Spencer. Mr Spencer was the CEO of Kula Gold Limited until 1 July 2013 and remains on the Kula Gold Board as a Non-executive director. Mr. Spencer is a Member of The Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Spencer consents to the inclusion in the report of these matters based on information in the form & context in which it appears.

The information in this announcement that relates to the Mineral Resource estimates for Kulumadau, Busai and Woodlark King is based on information compiled by Mr. John Doepel, Principal Geologist for Continental Resource Management Pty Limited (Resource Report, Woodlark Island). CRM has acted as independent consulting geologist to WML since 2005 and has undertaken several visits to the island and to the sample preparation facilities. Mr. Doepel is a Member of The Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ’Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Doepel consents to the inclusion in this announcement of these matters based on information in the form and context in which it appears.

The information in this presentation that relates to Ore Reserves is based on information compiled by Mr. Linton Putland, Principal of LJ Putland & Associates a consultant to Kula Gold’s 100% subsidiary, Woodlark Mining Limited. Mr. Putland is a Member of The Australasian Institute of Mining & Metallurgy & has sufficient experience that is relevant to the style of mineralisation & type of deposit under consideration & to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources & Ore Reserves’. Mr. Putland consents to the inclusion in this announcement of these matters based on information in the form & context in which it appears.

Forward Looking Statements

All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Geopacific Resources Limited are forward-looking statements. When used in this announcement, forward-looking statements can be identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’ or ‘intends’ and other similar words that involve risks and uncertainties.

These statements are based on an assessment of present economic and operating conditions, and on a number of 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, its directors and management of Geopacific Resources Ltd that could cause Geopacific Resources Limited’s actual results to differ materially from the results expressed or anticipated in these statements.

Geopacific Resources Ltd cannot and does not give any assurance that the results, performance or achievements expressed or implied by 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. Kula Gold does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing requirements.

This presentation is based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained herein . To the maximum extent permitted by law, Geopacific, its related bodies corporate (as that term is defined in the Corporations Act 2001 (Cth )) and the officers, directors, employees, advisers and agents of those entities do not accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss arising from the use of the Presentation Materials or its contents or otherwise arising in connection with it.

For details of the Resources & Reserve calculations for the Woodlark Project refer to Kula Gold Ltd.'s ASX announcement on 23 March 2016 entitled “Kulumadau Gold Deposit part of Larger System.

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