Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Merger or Acquisition (February 2026)
31 slides from Genesis Minerals's merger presentation, Feb 16, 2026
Slide 1: Magnetic Attraction
MAGNETIC ATTRACTION BOLT-ON ACQUISITION OF MAGNETIC RESOURCES; “ASPIRE 500” 16th FEBRUARY 2026
Slide 2: Important information
Important information The following notices and disclaimers apply to this presentation (Presentation) and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained or referred to in this Presentation. This Presentation i
Slide 3: Important information
Important information Forward Looking Statements and risks Past Performance Past performance metrics and figures (including past share price performance of Genesis) included in this Presentation are given for illustrative purposes only and should not be relied upon as (and is not) an indication of G
Slide 4: Important information
Important information Reserves, Resources and Production Targets JORC Code It is a requirement of the ASX Listing Rules that the reporting of (amongst other things) exploration results, ore reserves and mineral resources in Australia comply with the 2012 edition of the Joint Ore Reserves Committee's
Slide 5: The puzzle is complete
The puzzle is complete “Bolt-on” acquisition of Magnetic Resources: 100% focused on Leonora / Laverton - Now consolidated: Recommended Scheme of Arrangement for 100% of Magnetic Resources for an implied equity value of A$639 million; Completion anticipated June 2026, dependent on satisfaction of c
Slide 6: Acquisition overview
Acquisition overview Recommended Scheme of Arrangement, whereby Genesis will acquire 100% of the issued shares in Magnetic (Scheme) Offer Structure The Scheme has been unanimously recommended by the Magnetic Board1 The Scheme is subject to approval by Magnetic shareholders and court approval (
Slide 7: Strategic rationale
Strategic rationale VISION AND PEOPLE PRODUCTION LOWER M&A VALUES FIRST GROWTH COSTS “The trusted Australian We mine safely - Protecting Relentless focus on Declining all-in sustaining Discipline first - Track record gold miner - Progressive, our people, our environment, operational execution and co
Slide 8: Strategic rationale
Strategic rationale Consistent and persistent - On strategy “bolt-on” acquisition: ► District dominance - Regional Genesis’ own TOP 2 of the “BIG 4” synergies with “home ground” advantage ► Genesis’ dominant position in the Leonora District… ► …now mirrored in the Laverton District ► Baseload - Gwal
Slide 9: Strategic rationale: Uplift to 500
Strategic rationale Uplift to 500: BASE CASE PLAN assumed current 4.4Mtpa group milling capacity with Tower Hill milled at Laverton (~100km haul) BASE PLAN (March 2024)1,2 to be updated post-completion of Magnetic transaction 500 Genesis to build new Tower Hill mill; 3.5-4.0Mtpa, “ASPIRE 400*” capit
Slide 10: Strategic rationale: Accretive ounces
Strategic rationale Accretive ounces: Industry-leading Resources and Reserves (Moz)1 Northern Star / Evolution 22 +2.4Moz 20 Wealth of conversion opportunities +2.4 18 16 14 12 10 8 6 +1Moz 4 2 0 Genesis Westgold Vault Ramelius Greatland Perseus Capricorn Regis Gold Resource Gold Reserve Acquired Ma
Slide 11: Strategic rationale: ~16Moz of conversion opportunities
Strategic rationale ~16Moz of conversion opportunities: Resources NOT in Reserves (Moz) 1,2 7.0 6.7 6.3 6.0 Other West Other East 5.0 Ulysses 4.0 Tower Hill Westralia 2.8 3.0 Lady Julie 2.0 Gwalia Focus Bardoc 1.0 Jupiter 0.0 LEONORA LAVERTON SOUTH Long ore; Potential Long ore; New mill to bring $ L
Slide 12: Strategic rationale: Win / Win for all
Strategic rationale “WIN / WIN” for all: Benefits for Genesis shareholders Benefits for Magnetic shareholders Strategic acquisition of Lady Julie with ~2.2Moz1 Resource proximal to Genesis’ existing 3Mtpa Laverton mill Provides a liquidity event with an immediate attractive premium Paves the w
Slide 13: People First, Sustainable
People First, Sustainable Building long-term traditional owner and community relationships: ► Outstanding progress in recent months including: Nyalpa Pirniku signing event • Native Title Mining and Heritage Agreements with: • Nyalpa Pirniku Traditional Owners (Laverton) • Darlot Traditional Owners (
Slide 14: Introducing Lady Julie
Introducing Lady Julie Bolstering Genesis’ Laverton inventory and production outlook: Group Resources 2.4Moz @ 1.7g/t1; Flagship Lady Julie project Magnetic “Bolt-on” - Substantial synergies and cost savings Resources 2.2Moz @ 1.8g/t1 and Reserves 18Mt @ 1.7g/t for 1.0Moz1 Clear potential for La
Slide 15: Introducing Lady Julie
Introducing Lady Julie Rapid fire drill success with the drill bit… …leading to rapid Resource growth: Greatest hits - Wealth of thick, high-grade drill intercepts1 Resource growth - Lady Julie2 Mineral Resource (Moz Au) 61m @ 4.5g/t 30m @ 3.5g/t 2.5 2.2 2.1 39m @ 6.2g/t 21m @ 4.7g/t 2.0 19m @ 9.5g/
Slide 16: Introducing Lady Julie
Introducing Lady Julie Simple, high grade, open pit development projects in Western Australia Resource Grade Grade (g/t) Contained Resource (Moz Au) (g/t Au) 3.0 1.6Moz 2.5 2.0 2.0Moz 1.9Moz 1.8Moz 1.5 1.2Moz 1.4Moz 1.6Moz 1.2Moz 1.4Moz 1.0 0.5 0.0 Tower Hill Lady Julie North 4 Minyari Lake Roe Karr
Slide 17: Introducing Lady Julie
Introducing Lady Julie BIG becomes BIGGER: “Constrained’ Lady Julie North Lady Julie projection1… …unshackled Open Pit Reserve 730koz2 “Unconstrained” Lady Julie North Open Pit SIGNIFICANT SIZE UPLIFT Tenement boundary GAP GAP + Lady Julie North ground Reserve 190koz2 ► GENUINE SYNERGY - Remove tene
Slide 18: Introducing Lady Julie
Introducing Lady Julie Lady Julie North / Rumour undrilled gap: Spread the Rumour1,2 GAP ► Acquisition removes the tenement boundary constraint 1. Refer to MAU ASX Announcement 12th January 2026 “Multiple Intersections Show Potential To Extend The Size Of The 1.94Moz LJN4 Deposit”; 2. Refer to GMD A
Slide 19: Introducing Lady Julie
Introducing Lady Julie Chatterbox Trend: Geological structure running from Genesis’ Chatterbox Plenty to talk about… deposits in the north, through Lady Julie, extending south towards Gold Fields’ world class Wallaby deposit * Gold is hosted in intensely altered and sheared sediments, with signi
Slide 20: Introducing Lady Julie
Introducing Lady Julie Genesis’ immediate priorities: Drill Focus tenure immediately north of Magnetic tenure Laverton - Shifting centre of gravity (Resource distribution1,2) Review mining studies - Pit optimisation, mine design (including unconstrained big pit, ground transition), costs, applic
Slide 21: Transaction funding
Transaction funding Underpinned by record production and record cash flow: ► Cash component of transaction funded via existing cash and undrawn corporate revolving cash advance facility of A$690m1,4 at 31st January ► Funding ability reflects soaring underlying2 cash generation from record gold produ
Slide 22: Filling the gap
Filling the gap ► We have a simple business, 100% focused on Leonora / Laverton in Western Australia ► We have the people, assets and balance sheet to deliver “ASPIRE 500” ► Lady Julie completes the Leonora / Laverton puzzle ► We play the “long game”: • Long ore; Studies continue to bring ounces for
Slide 23: Filling the gap
Filling the gap… …between the “big end of town” and the rest: Market Capitalisation (A$b)1 Mineral Resources (Moz Au)2 Ore Reserve (Moz Au)2 FY26E Production (koz Au)3 Northern Star 40.6 Northern Star 83.0 Northern Star 28.3 Northern Star 1,650 Evolution 31.4 Evolution 30.0 Evolution 11.0 Evolution
Slide 24: APPENDIX A - Genesis Resources and Reserves
APPENDIX A - Genesis Resources and Reserves* 2025 Mineral Resource estimate 2025 Ore Reserve estimate Measured Indicated Inferred Total Proved Probable Total Deposit Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (000
Slide 25: APPENDIX B - Magnetic Resources and Reserves
APPENDIX B - Magnetic Resources and Reserves* Mineral Resource estimate Ore Reserve estimate Indicated Inferred Total Probable Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Project Tonnes Grade Ounces Tonnes Grade Ounces Deposit (000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (
Slide 26: APPENDIX C - Pro forma Genesis
APPENDIX C - Pro forma Genesis Pro forma Genesis market capitalisation of A$8.0b and 21Moz Au Mineral Resource base Genesis Magnetic pro forma Genesis Share Price / Offer Price1 A$/share 6.87 2.00 6.87 Shares Outstanding2 # 1,142.3 320.9 1,170.43 Market Capitalisation A$m 7,847.8 641.7 8,040.2 Cash
Slide 27: APPENDIX D - Scheme timetable
APPENDIX D - Scheme timetable Event1 Indicative Dates Announcement of Scheme 16 February 2026 Draft Scheme Booklet lodged with ASIC Early-Mid April 2026 First Court Date for Scheme Late April 2026 Scheme Booklet registered by ASIC and released on ASX Late April 2026 Scheme Booklet dispatched to Magn
Slide 28: APPENDIX E - Peer data
APPENDIX E - Peer data Resource and Reserves - Peer companies Market Mineral Company Ticker Ore Reserve Source: Mineral Resource and Ore Reserve Source - ASX announcements Capitalisation Resource A$b Moz Au Moz Au 15th May 2025 Northern Star "Annual Mineral Resources and Ore Reserves Statement" Nort
Slide 29: APPENDIX F - Undeveloped gold projects
APPENDIX F - Undeveloped gold projects Mineral Resources - Undeveloped gold projects Mineral Resource Company Ticker Project Source: Mineral Resources and Ore Reserves – ASX announcements Resource Grade Moz Au g/t Au Magnetic Resources MAU Lady Julie North 4 2.0 1.8 20th January 2026 "Lady Julie Gol
Slide 30: APPENDIX G - Clear East / West divide
APPENDIX G - Clear East / West divide Laverton bolstered; Base load now on both sides Processing facility Base load Current size1 Status: Resource: 28.0Mt @ 5.1g/t for 4.5Moz ► Successfully executing of “Quality > quantity” mining strategy Gwalia ground PRODUCING Reserve: 6.8Mt @ 5.3g/t for 1.1Moz ►
Slide 31: Contact Details
Contact Details: Troy Irvin Corporate Development Officer phone: +61 8 6323 9050 email: investorrelations@genesisminerals.com.au www.genesisminerals.com.au
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