New Risk • 21h
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$16m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$109.0m market cap, or US$76.4m). New Risk • Jun 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$137.8m (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$16m free cash flow). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$137.8m market cap, or US$98.7m). Annuncio • Apr 24
Geopacific Resources Limited, Annual General Meeting, May 28, 2026 Geopacific Resources Limited, Annual General Meeting, May 28, 2026. Location: level 1, 278 stirling highway, claremont wa 6010, Australia Annuncio • Apr 29
Geopacific Resources Limited, Annual General Meeting, May 29, 2025 Geopacific Resources Limited, Annual General Meeting, May 29, 2025. Location: at level 1, 278 stirling highway, claremont wa 6010, Australia Board Change • Feb 04
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Hans Plaggemars is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Jan 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (44% increase in shares outstanding). Market cap is less than US$100m (AU$23.7m market cap, or US$14.7m). Board Change • Dec 24
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Hans Plaggemars is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Dec 19
Geopacific Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 40 million. Geopacific Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 40 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,750,000,000
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0002
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: AUD 0.02
Transaction Features: Rights Offering Annuncio • Oct 18
Geopacific Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.698543 million. Geopacific Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.698543 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 80,882,979
Price\Range: AUD 0.021
Transaction Features: Subsequent Direct Listing Annuncio • Aug 28
Geopacific Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.872819 million. Geopacific Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.872819 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 136,800,894
Price\Range: AUD 0.021
Transaction Features: Subsequent Direct Listing New Risk • Aug 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$22.8m market cap, or US$14.8m). New Risk • Jun 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$21.0m market cap, or US$14.0m). Annuncio • Apr 30
Geopacific Resources Limited, Annual General Meeting, May 31, 2024 Geopacific Resources Limited, Annual General Meeting, May 31, 2024, at 10:00 W. Australia Standard Time. Location: Level 1, 278 Stirling Highway Claremont Australia Agenda: To adopt Remuneration Report; to elect directors; to issue Performance Rights to Graham Ascough; to issue Performance Rights to Hamish Bohannan; to issue Performance Rights to Michael Brook; to issue Performance Rights to Rowan Johnston; to issue Performance Rights to Hansjoerg Plaggemars; to ratify issue of Performance Rights to James Fox; and to consider and approve other matters of business. Annuncio • Apr 27
Geopacific Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 8.0517 million. Geopacific Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 8.0517 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 90,288,590
Price\Range: AUD 0.021
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 293,125,714
Price\Range: AUD 0.021
Transaction Features: Subsequent Direct Listing Board Change • Dec 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Mike Brook is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Nov 17
Geopacific Resources Limited Appoints James Fox as Chief Executive Officer, Effective 16 November 2023 Geopacific Resources Limited announced the appointment of highly experienced Australian mining executive and geologist James Fox as Chief Executive Officer, effective 16 November 2023. Mr. Fox has more than 25 years' experience in the mining industry, extending from exploration and development through to processing and operations. He has also held senior management positions, including managing director, chief executive and non-executive director roles and is experienced in analytical and practical problem solving resulting in operational turnarounds. A qualified geologist, Mr. Fox has held various positions during construction, commissioning and operation of mineral processing plants in copper, nickel, and cobalt. He has worked in the UK, Australia and as an expat in Cyprus and Uganda. Matthew Smith, Interim CEO, will continue as Chief Financial Officer and Company Secretary. Annuncio • Nov 08
Geopacific Resources Limited Announces Board Changes Geopacific Resources Limited announced the appointment of highly experienced Australian mining executives as part of its leadership renewal. The changes ensure that board composition and skills are aligned with the strategic direction of the Company, with a focus on driving growth and value at the Company's 1.56Moz1 Woodlark Gold Project in Papua New Guinea (PNG). Key Points: Senior resources executive Graham Ascough appointed as non-executive Chairman. Highly regarded mining executives Rowan Johnston and Hamish Bohannan appointed as non-executive Directors (NED). Hansjoerg Plaggemars and Michael Brook continue as NEDs. Current Chair Andrew Bantock and NED Richard Clayton have stepped down. New Chief Executive Officer (CEO) to be appointed shortly. The new board will consist of Graham Ascough as non-executive Chair, along with non-executive directors Rowan Johnston, Hamish Bohannan, Hansjoerg Plaggemars and Michael Brook. Mr. Ascough, Mr. Johnston and Mr. Bohannan are Independent Directors. Mr. Graham Ascough is a senior resources executive and geophysicist with a strong track record of discovery and more than 30 years of industry experience. He has held various senior management positions and directorships, taking a leading role in setting the strategic direction to develop and finance exploration projects and junior mining companies. Graham is currently the Non-Executive Chairman of Sunstone Metals Ltd, Black Canyon Limited and PNX Metals Ltd. and was the Chairman of Musgrave Minerals Ltd. recently acquired by Ramelius Resources. He is a member of the AusIMM and a Professional Geoscientist of Ontario. Mr. Rowan Johnston is an experienced corporate executive with track record of adding value from discovery to production and working with challenging assets. Rowan has previously held executive and Board positions at Integra Mining, Mutiny Gold, Excelsior Gold and Bardoc Gold. He is currently Executive Chairman of Kin Mining, Chairman of Spartan Resources and a non-executive Director of PNX metals. Rowan is a Qualified Mining Engineer from WASM and holds a 1st class ticket Mine Manager's Certificate with international experience including in France, Africa and Indonesia and Australia. Mr. Hamish Bohannan is a mining engineer with extensive corporate and operational experience in public companies both in Australia and overseas. Hamish has built a career developing exciting projects around the world and has a reputation for maintaining high standards in community liaison and environmental excellence and developing a strong safety culture. Hamish is currently the CEO of Gulf Manganese, having previously worked with Bathurst, Iluka, WMC, Cyprus and Mount Isa Mines. Board Change • Sep 26
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Non-Executive Chairman Andrew Bantock is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Richard Clayton was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Jul 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.1m (US$8.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$53m free cash flow). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.1m market cap, or US$8.88m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Annuncio • Feb 14
Geopacific Resources Limited Announces Woodlark Gold Project Update Geopacific Resources Limited provided an update on corporate and project activities conducted at the Woodlark Gold Project together with an outline of planned future work programs for 2023. In February 2022 Geopacific announced suspension of development activities at the Project due to a significant capital cost increase which impacted on available project funding. Geopacific provided a corporate update in May 20221 outlining a business transformation plan with a clear focus on re-evaluating the future pathways for the Project including clearing residual contractual matters and maintaining the Company's social licence to operate. The following are key outcomes from activities undertaken in 2022 which included execution of the business transformation plan. The completion of 23km of resource infill, extension and exploration drilling. This drilling improved confidence in high grade areas and identified new zones of mineralisation adjacent to the existing deposits. The completion of an updated Mineral Resource Estimate for the Woodlark Project. The update improved confidence in the 1.5Moz Mineral Resource with 94% now in the Measured and Indicated categories. The community relocation project continued to progress, with the project now 66% overall complete. This provided access to largely untested areas of the Kulumadau deposit within the footprint of the open pits delineated by past studies. The community relocation program has been well received by the Papua New Guinea (`PNG') government and regulators resulting in a letter of commendation from the Mineral Resource Authority of PNG and positive press coverage within PNG. Continuing community engagement and provision of services maintained the Company's social licence. A strategic review was conducted following unsolicited approaches to the Company. This resulted in the identification of potential development partners and dialogue is ongoing. Following receipt of the Mineral Resource Update in December 2022, the Company has been busy preparing a work program for 2023, with the aim of maximising value in a cost-effective manner. The initial planning of the work program for 2023 is now complete, and subject to available funding, it is the Company's intention to execute the following work streams during the course of 2023: Complete a geological and targeting review focused on high grade opportunities. · Update of Project operating and capital cost estimates to reflect the current economic environment. Assess the potential to optimise the Project via relocation of the processing plant and associated project infrastructure, along with the potential for staged development with an initial focus on the high-grade core of the Mineral Resource. Update of open-pit designs and production schedules based on the Mineral Resource Update. Preparation of a Pre-Feasibility level study, taking into account the above, and subject to study outcomes enabling the re-statement of Ore Reserves for the Project. Continue with the community relocation project on a cost effective `self-perform' basis. This will initially target houses which are near completion. Further detail on the 2022 and 2023 work programs, including timelines and expected outcomes, are included in the presentation accompanying this announcement. The results from the initial work-streams that form part of the work program for 2023 will determine the timing of the commencement of further work-streams, if warranted. Annuncio • Jan 25
Geopacific Resources Limited Provides an Update on Its Recently Concluded Exploration Drilling Campaign At the Woodlark Gold Project Geopacific Resources Ltd. provided an update on its recently concluded exploration drilling campaign at the Woodlark Gold Project. The results of the 2022 drilling campaign have now all been received and reported. Highlights: Resource extension drilling and rheological test work holes at Busai and Kulumadau delivered positive near surface results (all within 100m of surface) including: BSSTG001 with 91 metres at 2.64 g/t Au from 40 metres, including 3 metres at 6.57/t Au from 53 metres, 3 metres at 6.84 g/t Au from 64 metres, 1 metre at 25.40 g/t Au from 76 metres, 1 metre at 14.47 g/t Au from 87 metres, 1 metre at 6.79 g/t Au from 100 metres, 1 metre at 22.20 g/t Au from 119 metres and 1 metre at 5.71 g/t Au from 125 metres; KURC22054 with 24 metres at 1.85 g/t Au from 104 metres, including 1 metre at 8.70 g/t Au from 109 metres, 1 metre at 6.41 g/t Au from 111 metres, 1 metre at 3.01 g/t Au from 117 metres and 2 metres at 3.61 g/t Au from 121 metres; KURC22060 with 24 metres at 3.94 g/t Au from 31 metres, including 3 metres at 17.82 g/t Au from 44 metres; KURC22067 with 3 metres at 14.34 g/t Au from 70 metres, including 1 metre at 39.55 g/t Au from 70 metres; KULSTG003 with 17 metres at 3.03 g/t Au from 38 metres, including 1 metre at 14.35 g/t Au from 41 metres and 2 metres at 10.64 g/t Au from 43 metres. These results were not available at the time of the preparation of the recently reported Mineral Resource update 1 for the project and will be incorporated into future resource updates. Board Change • Jan 10
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Ian Murray is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Nov 16
No longer forecast to breakeven The analyst covering Geopacific Resources no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$19.0m in 2022. New forecast suggests the company will make a loss of AU$1.92m in 2024. Board Change • Oct 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. Chairman of Geopacific Limited Harvie Probert is the most experienced director on the board, commencing their role in 1997. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Oct 25
No longer forecast to breakeven The analyst covering Geopacific Resources no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$19.0m in 2022. New forecast suggests the company will make a loss of AU$1.92m in 2024. Buying Opportunity • Jul 30
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be AU$0.089, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 157% over the last 3 years. Earnings per share has grown by 100%. For the next 3 years, revenue is forecast to decline by 100% per annum. Earnings is forecast to grow by 86% per annum over the same time period. Board Change • Jul 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Chairman of Geopacific Limited Harvie Probert is the most experienced director on the board, commencing their role in 1997. Independent Non-Executive Director Ian Murray was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Jun 01
No longer forecast to breakeven The analyst covering Geopacific Resources no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$19.0m in 2022. New forecast suggests the company will make a loss of AU$1.92m in 2024.