GEOPACIFIC RESOURCES LTD — Investor Presentation 2017

Aug 3, 2017

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PATH TO PRODUCTION – WOODLARK GOLD PROJECT

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Geopacific Resources Limited

An Asia-Pacific specialist, delivering the multi-million-ounce Woodlark Gold Project on an expedited path to production.

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PATH TO PRODUCTION – WOODLARK GOLD PROJECT

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Corporate snapshot (ASX:GPR)

Board	Board
Milan Jerkovic	Non-Executive Chairman
Ron Heeks	Managing Director
Philippa Leggat	Executive Director Corporate
Mark Bojanjac	Non-Executive Director
Ian Clyne	Non-Executive Director
Matt Smith	CFO & Company Secretary

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PATH TO PRODUCTION – WOODLARK GOLD PROJECT

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Corporate snapshot (ASX:GPR)

Shares
Current Geopacific Shares	1,155bn
Maximum Geopacific Shares to be issued under the Offer	341,5m
TOTAL *	1,497bn
Options
Unlisted options exercisable at $2.50	800k
Unlisted options exercisable at $5.00	200k
Unlisted options exercisable at $0.07425 (exp. 5/8/17)	1,7m
TOTAL	2,7m
Substantial holders	Pre takeover	Post takeover*
Resource Capital Fund VI L.P.	32%	24%
Tembo Capital Coöperatief UA and Ndovu Capital IV B.V.	27%	21%
Pacific Road Holdings S.A.R.L. (and its associated)	-	8%
Franklin Advisers, Inc.	-	4%
RMB Australia Holdings Limited (and its associated)	-	3%
TOTAL Kula holding in Geopacific (incl Pacific Road, Franklin & RMB)		23%

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• Assume 100% take up of offer

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Takeover - Geopacific reaches controlling interest

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PATH TO PRODUCTION – WOODLARK GOLD PROJECT

Clear vision to build a robust project

Advanced DFS underway

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Benefit of past work
•
$150m spent Increase reserves & minelife
Optimise CapEx & OpEx
•
Mining lease secured
Optimise pits & engineering
•
Environmental &
social permits
secured
•
Reduced risk
Time
Exploration & Discovery Feasibility Construction Production
JV Transaction
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Woodlark is in “Elephant country”

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Woodlark is development ready & permitted

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Island benefits (view from highest point on Woodlark)

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Kulumadau – Resources showing conversion potential

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Kulumadau deposit - cross section showing potential at depth

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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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Mineralised
Envelope
57m @3.94g/t Au
from 192m
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Kulumadau depth extensions

• Broad zones

• High-grade

• Within 100m of pit design

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Kulumadau – depth extension, high-grade, broad mineralisation

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Kulumadau East – broad widths of shallow mineralisation

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Kulumadau West

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Kulumadau drillhole location plan

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– Busai Drillhole location plan & 2012 pit outlines

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– Busai results and alteration phases in breccias

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– Busai mineralisation increased below pit design

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-65 m
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Technical opportunities & timeline

Area	Opportunity	Opportunity
Geotechnical test work	Steepen wall angles and reduce strip ratio
Comminution test work	Lower work index, potential power savings
Optimisation test work	Process efficiency, power and consumable savings Optimise recoveries
Mine planning	Optimal schedule, higher-grade to first years of production
Timeline
Engage DFS consultant		Q3 2017
Complete metallurgical drilling		Q3 2017
Complete resource drilling		Q4 2017
Complete metallurgical optimisation test work		Q4 2017
DFS		Q1 2018
Financing		Q1 2018
Begin build		2018
Commissioning & production		2019

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– Busai 60m of Au mineralisation in geotechnical hole

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90m @ 1.5g/t Au
fully diluted
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• Geotechnical hole in soft ore, not more competent wall-rock

• Potential to increase wall angle of pit designs

• Significant potential to reduce strip ratio

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Significant exploration potential… “Elephant country”

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Community initiatives

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• Population ~6,000

• ~400 employees during production

• Woodlark has National Government support

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Investment opportunity

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Strong track record Delivered over 10 mines

Development-ready project Expedited timeline

Large resource base Significant exploration upside Major institutional support Strong register

Low-cost entry point Significant value creation

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Right people Right project Right time

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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 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 the announcement of the matters based on his information in the form and 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. Geopacific Resources Ltd 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. Woodlark is fully permitted by the PNG Government, subject to meeting the conditions of the licence.

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PATH TO PRODUCTION – WOODLARK GOLD PROJECT

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