Aankondiging • 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 New Risk • Mar 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$16m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (AU$1.1m revenue, or US$779k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$141.1m market cap, or US$97.5m). New Risk • Mar 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$137.8m (US$97.6m) 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 Risk Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$137.8m market cap, or US$97.6m). New Risk • Dec 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 14% 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 Shareholders have been substantially diluted in the past year (169% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$108.2m market cap, or US$70.9m). New Risk • Jun 13
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 Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (249% increase in shares outstanding). 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$76.4m market cap, or US$49.4m). Aankondiging • 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 New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major 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 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). 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$23.1m market cap, or US$14.4m). Aankondiging • 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 New Risk • Nov 20
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 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 (13% average weekly change). Shareholders have been diluted in the past year (44% increase in shares outstanding). Market cap is less than US$100m (AU$29.6m market cap, or US$19.2m). Aankondiging • 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 Aankondiging • 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 07
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 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 (12% 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$13.8m). New Risk • Jun 01
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 (15% 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). Aankondiging • 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. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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. New Risk • Aug 10
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 Less than 1 year of cash runway based on free cash flow trend (-AU$53m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). 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$12.3m market cap, or US$8.08m). Aankondiging • 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. Aankondiging • 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. Aankondiging • Dec 23
Geopacific Resources Ltd Provides Update on Woodlark Project During 2022, Geopacific Resources Ltd. has been focussed on a business transformation plan to better define the Woodlark Island Gold Project following the suspension of project development in February 2022. A key element of this plan has been undertaking closed spaced grade control and resource infill drilling in the vicinity of the currently defined open pits. This has resulted in improved resource confidence and better definition of the high-grade zones within the Project. Following completion of the above work, GPR announced an updated Mineral Resource estimate for the Woodlark Gold Project. The updated Mineral Resource Estimate for Woodlark was prepared by independent consultants, Manna Hill Geoconsulting (MHGEO), and is reported in accordance with the JORC Code (2012). The estimate of Mineral Resources is constrained by optimised pit shells generated on a gold price of USD 2,400/oz and a cut-off of 0.4g/t Au. Following revision of the Mineral Resource, the Company has re-assessed its existing Ore Reserve. A number of key assumptions which underpin the Ore Reserve have materially changed since its publication. These include, potential material changes to assumptions relating to operating and capital costs, largely due to changing market conditions, potential changes to project design and scale and a material improvement in the gold price. The 2022 Mineral Resource, and the changes to key assumption listed above, require that further work is undertaken prior to delivery of an updated Ore Reserve estimate for the Woodlark Project. Until further work is completed the company withdraws the Ore Reserve estimate and recommends that shareholders no longer place reliance on the previously disclosed Ore Reserve. This is not a reflection on either the quality of the work underpinning the historical Ore Reserve, or the Board's view on the future viability of the project, but rather a function of the need for further work to support a new Ore Reserve based on the updated Mineral Resource model and the other factors mentioned above. Until further work is complete it is unclear what, if any, material changes to the historical Ore Reserve will eventuate. Mineral Resource Estimate Summary The updated Mineral Resource estimate for Woodlark was prepared by independent consultants, Manna Hill Geoconsulting (MHGEO), and is reported in accordance with the JORC Code (2012). As part of this update, Chris De-Vitry of MHGEO (Competent Person) visited site in November 2022. This visit included inspecting the locations for the proposed pits, numerous drillhole collar locations, active drill sites and the sample preparation laboratory. Geological Setting: Gold mineralisation within the Woodlark Island Gold Project is principally hosted by the Miocene age volcanic rocks. The mineralisation is associated with lodes, quartz veins, and stockwork zones and breccias developed within alteration envelopes associated with intrusive breccia complexes. Gold mineralisation is consistent with low sulphidation, base metal carbonate, epithermal systems typical of the south-west pacific. The zones of alteration and the associated mineralisation within them is interpreted to be controlled by lithology, stratigraphy, and structure. Numerous intercepts of high-grade mineralisation have been identified within broad lower grade envelopes at the various deposits. Much of Woodlark Island is covered by a veneer of post mineralisation limestone (coronus) of variable thickness, with associated marine clays and basal conglomerates. There remains substantial potential for further discoveries under this cover. Drilling and Sampling: There is a long history of exploration at Woodlark Island with drilling having commenced in 1962. The Mineral Resource estimates are therefore based on a combination of diamond and RC drilling information from several generations of exploration. As is commonly the case, older drilling is either not supported by recorded quality assurance and quality control (QA/QC) data or this data is limited. Twin holes were drilled as part of the evaluation and QA/QC process for Kulumadau, Busai and Woodlark King deposits. A total of 13 mostly DD versus RC twins were drilled. In most cases the DD drill intercept contained more gold metal than the RC drillhole. It is considered that the risk of overestimation of gold in RC drilling is significantly reduced (at least to an acceptable level for the relevant resource classification) after removing suspect RC drilling. The drilling database has been interrogated by Geopacific and MHGEO Manna Hill and is considered to be appropriate for generating resources according to JORC (2012) guidelines. Assaying is undertaken using a 50g fire assay for gold. Representative check samples were submitted to ALS laboratories to assess the effectiveness of the fire assay method by repeating both fire assay and Aquia Regia gold analysis, with acceptable results. Field and lab blank, duplicate, and independent certified standard samples were used in drilling. Laboratory blanks, duplicates and reference standards are routinely used. Results from these QA/QC samples were within the acceptable ranges with the only exception being the rare, elevated assay in blanks which are probably related to sample swaps. Aankondiging • Dec 05
Geopacific Resources Ltd Announces CEO Changes Geopacific Resources Ltd. announced that Mr. Tim Richards has resigned as Chief Executive Officer of the Company effective January 1, 2023. The Board has commenced a search for a new Chief Executive Officer. In the interim period between Tim's departure and commencement of his permanent replacement, Non- Executive Director Richard Clayton will act as Interim CEO, working closely with Chief Financial Officer Matthew Smith. Richard has over 20 years of mining sector experience covering technical, advisory, and financial roles. He currently operates a consultancy practice, providing advisory services to mining companies and financial services providers including study management, business development and due diligence reviews. Richard was previously at Investec Bank plc, where he had leadership responsibility as Australia desk head within the Global Resources team and ultimate responsibility for all technical due diligence assessments across the resources sector for Investec. Prior to Investec, Richard was a Principal Consultant at SRK Consulting specialising in Mineral Resource Estimation and Project Evaluation. He headed up the Sydney Geology team and was a member of the Practice Leadership Group at the firm. In this role Richard managed multi-disciplinary due diligence and valuation teams delivering resource estimation and reviews to a range of clients internationally, including Competent Person sign-off. Aankondiging • Nov 21
Geopacific Resources Ltd Provides Update on its Ongoing Exploration Drilling Campaign at the Woodlark Gold Project Geopacific Resources Ltd. provided an update on its ongoing exploration drilling campaign at the Woodlark Gold Project (`Woodlark' or the `Project'). Geopacific continues to execute its resource extension drilling program which has been targeting lateral and down dip mineralisation at Kulumadau. In recent drilling, the Company has been able to test previously inaccessible areas facilitated by the ongoing community relocation program. This drilling has identified mineralisation that sits outside the planned pit shell at Kulumadau and highlights the upside resource potential that exists at the Project. The results received in the "Bullnose" at the southern edge of the current Kulumadau pit, where historic drilling has been limited due to the proximity of the community, suggest that drilling in this area will increase the level of geological confidence and may allow for a larger and less complex pit shell. The current resource extension drilling campaign will be completed by the end of November 2022, with the results received to date incorporated into the Mineral Resource update which is scheduled to be finalised by the end of 2022. The outcome of the Mineral Resource update will provide a key input to the Company's operating strategy for 2023. The Woodlark Project currently has a 1.6Moz gold resource with significant exploration upside located in Milne Bay Province, Papua New Guinea. Highlights: Resource extension drilling targeting lateral and down dip potential at Kulumadau delivered positive near surface results (all within 100m of surface) including: KURD22016 with 41 metres at 2.10g/t Au from 35 metres, including 3 metres at 8.04g/t Au from 36 metres; KURC22020 with 3 metres at 3.37g/t Au from 71 metres, including 1 metre at 7.72g/t Au from 72 metres; KURC22034 with 14 metres at 1.90g/t Au from 88 metres, including 1 metre at 5.80g/t Au from 89 metres; KURC22038 with 1 metre at 7.85g/t Au from 45 metres; KURC22040 with 14 metres at 3.56g/t Au from 33 metres, including 4 metres at 7.70g/t Au from 36 metres, and 1 metre at 7.16g/t Au from 44 metres; and KURC22043 with 3 metres at 4.93g/t Au from 79 metres, including 1 metre at 8.52g/t Au from 79 metres. The resource extension drilling at Kulumadau continues to define mineralisation outside of the existing planned pit shell at the Project. Data from the resource extension drilling and previously completed grade control drilling will be incorporated into the Mineral Resource update, scheduled for completion by the end of calendar year 2022. The Mineral Resource update will provide important data to be utilised in the ongoing studies aimed at re-assessing and optimising the Project design and seeking to capitalise on targeted economies of scale. Price Target Changed • Nov 16
Price target decreased to AU$0.27 Down from AU$0.90, the current price target is an average from 2 analysts. New target price is 435% above last closing price of AU$0.05. Stock is down 76% over the past year. The company is forecast to post a net loss per share of AU$0.002 next year compared to a net loss per share of AU$0.13 last year. 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. Aankondiging • Oct 07
Geopacific Resources Ltd Provides an Update on Its Ongoing Exploration Drilling Campaign At the Woodlark Gold Project Geopacific Resources Ltd. provided an update on its ongoing exploration drilling campaign at the Woodlark Gold Project. · Deeper resource extension diamond drilling at Busai has been completed. Full results of the 11 hole campaign are pending. Highlights of the results received to date include: BUSDDH007 with 9 metres at 1.65g/t from 131m and 6 metres at 300g/t from 143m; BUSDDH011 with 3 metres at 12.6g/t from 124m; and BUSDDH004 with 3 metres at 4.23g/t from 28m and 8 metres at 1.5g/t from 65m. The high grade intercepts from multiple holes below the existing pit shell underscores the opportunity for resource growth at depth under Busai. The broader Mining Lease exploration program has also been completed. Results from the initial phase of Mining Lease exploration highlight the prospectivity of both Watou and Talpos and demonstrate the broader regional exploration opportunities on Woodlark Island. WTRC22009 with 7 metres at 1.58g/t from 124m; WTRC22002A with 8 metres at 1.94g/t from 53m; WTRC22007 with 16 metres at 0.7g/t from 57m; and TARC2208 with 3 metres at 3.66g/t from 32m. Drilling activity on the island will now focus solely on lateral and down dip extension drilling at Kulumadau. The ongoing resource extension drilling program, and the previously completed grade control drilling campaign are focussed on growing the existing Mineral Resource. An updated Mineral Resource expected in Fourth Quarter 2022 will be an important component of the ongoing studiesaimed at re-assessing the Project design and seeking to capitalise on targeted economies of scale. A diamond drill rig was mobilised to site in July to complement the RC rig already on site, to facilitate drilling at depth to assess extensions of the resource below the existing pits. The diamond drill rig has initially focussed on resource extension drilling at the Busai deposit where 11 holes have been completed, enhancing the understanding of the orebody and increasing the drill density at depth. The Woodlark Project has a 1.6Moz gold resource with significant exploration upside located in Milne Bay Province, Papua New Guinea. Buying Opportunity • Aug 02
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. Aankondiging • Jul 28
Geopacific Resources Limited Provides Update on Its Exploration Drilling Campaign At the Woodlark Gold Project Geopacific Resources Limited provided an update on its exploration drilling campaign at the Woodlark Gold Project (`Woodlark' or the `Project'). Geopacific continues to execute the resource and exploration strategy outlined in the May 2022 Corporate presentation. The company continues to deliver on the drilling activities and timeline outlined in the 2022 Planned work program. Post the completion of the grade control drilling campaign at Kulumadau, the Company commenced an exploration drilling program across the broader Mining Lease. The Mining Lease contains a number of targets that have not previously been subject to drilling and the campaign is designed to begin to test the prospectivity of these targets. The Talpos and Watou targets in the southern end of the Mining Lease were the initial focus of the campaign, and to date an initial 25 exploration holes have been drilled. Mining Lease exploration drilling will continue into the future, to test these and other targets. Board Change • Jul 15
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. Buying Opportunity • Jul 15
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be AU$0.093, 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. Aankondiging • Jul 09
Geopacific Resources Limited Announces Board Changes Geopacific Resources Limited announced that Mr. Michael Brook, Mr. Richard Clayton and Mr. Hansjoerg Plaggemars have been appointed as Non-executive Directors and join Chairman, Mr. Andrew Bantock on the Company's Board. Mr. Michael (Mike) Brook is a mining professional with hands-on global mining industry experience, providing a deep appreciation of mining investment, development and governance. Mike's previous roles have seen him lead the technical and commercial review and assessment of mining and minerals processing projects and companies from an investment perspective, across multiple jurisdictions and commodities, from early-stage exploration through to production. Mike was previously Chairman & Manager of three successful African focused resources investment funds. Over 16 years he was responsible for investment selection methodology and management of the funds, and served on multiple public and private investee company boards. Prior to his time in mining investment management, Mike spent eight years with a prominent stock broking firm as a mining equities analyst, focussing on ASX listed junior miners, as well as larger capitalisation companies in the industrial minerals and diamonds sectors. Mr. Richard Clayton has over 20 years of mining sector experience covering technical, advisory, and financial services roles. Richard was previously at Investec Bank plc, where he had leadership responsibility as Australia desk head within Investec's Global Resources team and where he held ultimate responsibility for all technical due diligence assessments across the resources sector for Investec. Prior to Investec, Richard was a Principal Consultant at SRK Consulting, specialising in mineral resource estimation and project evaluation. He headed up the Sydney Geology team and was a member of the Practice Leadership Group at the firm. In this role Richard managed multi-disciplinary due diligence and valuation teams delivering resource estimation and reviews to a range of clients internationally, including Competent Person sign-off. Richard currently operates a consultancy practice, providing advisory services to mining companies and financiers, including study management, business development and due diligence reviews. Mr. Hansjoerg Plaggemars has been appointed as a representative of the Delphi Unternehmensberatung Group1, Geopacific's largest shareholder. Hansjoerg is an experienced company director with a strong background in corporate finance, corporate strategy and governance. Having previously operated as a senior Mergers and Acquisitions advisor at a global professional services firm, Hansjoerg moved into commerce where he has served on the Board of Directors of many listed and unlisted companies, in a variety of industries; including mining, agriculture, shipping, construction and investments. Mr. Plaggemars has qualifications in Business Administration and is fluent in English and German. Mr. Ian Murray and Mr. Colin Gilligan have resigned from the Board of Geopacific. Buying Opportunity • Jun 28
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be AU$0.095, 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. 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. 