About Us

Geopacific Resources Limited (GPR:ASX) is an Australian listed mining and exploration company primarily focussed on the development of the high-grade Woodlark Gold Project in Papua New Guinea.

We are committed to delivering value through the sustainable development of the projects and communities we engage with.

Vision

Our vision is to be a responsible gold miner maximising equitable and inclusive local participation to create sustainable value for all stakeholders.

 

Geopacific Investment Highlights

Large, Robust Resource	1.5Moz Mineral Resource; 94% Measured and Indicated (refer announcement dated 23 December 2022) Near surface, high-grade zones provide optionality
Near-term Development Opportunity	All Woodlark Project exploration and mining licences in good standing (as at February 2023) Positioned to leverage extensive previous investment in development studies, assets and infrastructure Strategic Review – dialogue with potential development partners
Substantial Exploration Upside	Dominant and strategic tenement holding across the highly prospective Woodlark Island Significant resource extension and step-out growth opportunities Limited recent exploration outside of resource areas
Strong Stakeholder Support	Continued support from local community, with village relocation well progressed Community relocation program transitioned to cost effective, self-perform model Letter of commendation from the Mineral Resource Authority of PNG – relocation has ‘set a new benchmark’
Leadership	Experienced Board focused on building the team to deliver a robust development plan New Chair of PNG subsidiary, highly credentialed and respected provincial and national leader

Mining in Papua New Guinea

Papua New Guinea (PNG) has a long history of mining and hosts numerous world class gold mines in the highlands of the country and on islands in the maritime provinces.

Mining is a key contributor to the PNG economy with approximately 2.6 million ounces of gold production per annum. Successful gold production is underpinned by a proven mining investment jurisdiction with a long history of well-tested mining legislation, a democratic government and stable fiscal environment.

PNG is a member of the Commonwealth, Asia-Pacific Economic Cooperation (APEC) and World Trade Organisation (WTO). It holds a strong bilateral relationship with Australia including trade, taxation and investment protection.