Slide 1: Ulysses Gold Project, WA
For personal use only Ulysses Gold Project, WA February 19 - 21, 2019 Growing and developing a new high-grade Australian gold project in a Tier-1 location 1
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements For personal use only Some statements in this report regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking statements includ
Slide 3: A Fast-Growing WA Gold Company Focused on Tier-1 Districts
A Fast-Growing WA Gold Company Focused on Tier-1 Districts ► Key focus: Ulysses Gold Project near Leonora, WA For personal use only ► Objective is to maximise the value of Ulysses for our shareholders ► Strategic Asset: high-grade gold – prime location – scale ► Scoping Study confirms low cost, fina
Slide 4: Key Projects: Focused on WA's Premier Gold Districts
Key Projects: Focused on WA’s Premier Gold Districts Ulysses: Emerging underground gold project For personal use only Ulysses and Barimaia: Discovery potential 4
Slide 5: Corporate Overview
Corporate Overview GENESIS MINERALS LIMITED SHAREPRICE CAPITAL STRUCTURE For personal use only Share Price 3.5c Shares on Issue 1,089.4 million Options on Issue 33 million Market Capitalisation ~A$38 million (@ $0.035) Top 50 shareholders ~55% Cash @ December 31, 2018 ~$5.4 million BOARD and MANAGEM
Slide 6: Ulysses – Project Summary
Ulysses – Project Summary Exceptional location: just 30km from Leonora – world-class mining district For personal use only ► ► Large gold system – just getting started on unlocking its size ► High-grade, high quality JORC 2012 Mineral Resource: ► 7.1Mt @ 3.3g/t gold for 760,000oz – open in all direc
Slide 7: Ulysses – A Rapidly Growing High-Grade Gold System
Ulysses – A Rapidly Growing High-Grade Gold System ► 5m @ 20.9g/t gold from 281m 4.62m @ 20.3g/t gold from 166.6m For personal use only ► ► 3m @ 26.9g/t gold from 182m ► 2m @ 40.3g/t gold from 192m ► 4.40m @ 15.7g/t gold from 119.0m ► 6.3m @ 7.8g/t gold from 170m ► 7m @ 7.2g/t gold from 131m ► 14m @
Slide 8: Ulysses – Long Section
Ulysses – Long Section For personal use only 8
Slide 9: Ulysses – Scoping Study
Ulysses – Scoping Study ► Highlights financially robust and technically low-risk gold For personal use only project Genesis’ strategy ► Construction of ~0.8Mtpa processing facility remains in place to ► Mineral Resources in the proposed Life-of-Mine (LOM) schedule: significantly grow the Mineral Res
Slide 10: Ulysses – Ulysses East
Ulysses – Ulysses East For personal use only Target Zone Target Target Zone Zone Target Zone Target Zone Ulysses East ► Over 2.5km of strike to systematically drill test along Ulysses shear Ulysses is a large gold system and we have a clear pathway to expand the Resource well beyond its current defi
Slide 11: Ulysses – Ulysses East
Ulysses – Ulysses East For personal use only Refer to GMD ASX Release dated 14 January 2019 11
Slide 12: Ulysses – Regional Exploration and Growth Potential
Ulysses – Regional Exploration and Growth Potential Ulysses exploration For personal use only ► has been overlooked for 15 years ► Wide-spaced aircore drilling completed in 2016 and 2017 ► Numerous targets identified ► Follow-up programs planned Refer to the ASX Announcements dated 12 April 2017 and
Slide 13: Ulysses – Regional Exploration – Orient Well NW
Ulysses – Regional Exploration – Orient Well NW +2km aircore defined For personal use only ► gold anomaly requiring systematic RC drill testing ► 250m tested to date returning high grade gold ► Shallow oxide open pit potential ► Significant potential to define Resources Refer to the ASX Announcement
Slide 14: Barimaia Gold Project – Overview
Barimaia Gold Project – Overview Strategic location in the Murchison Gold District of WA For personal use only ► ► 5km south-east of Ramelius’ Mt Magnet Gold Mine ► Genesis acquired 100% of Metallo Resources Pty Ltd in September 2017 ► Potential for large, low strip ratio, low cost porphyry-hosted g
Slide 15: Barimaia Gold Project – Project Summary
Barimaia Gold Project – Project Summary ► Located immediately south-east of a For personal use only suite of porphyry-hosted gold deposits being targeted by Ramelius’ current exploration: ► Geology and mineralisation has strong similarities (including geochemical signature being anomalous in Au-Bi-T
Slide 16: Barimaia Gold Project – McNabs Prospects
Barimaia Gold Project – McNabs Prospects For personal use only ► New geological interpretation based on east-west orientation of controlling structures ► Recent wide spaced drilling highlighted extensive gold system Refer to the ASX Announcements dated 20 July and 21 August 2017, March 1 2018 and Fe
Slide 17: Barimaia Gold Project – Porphyry Corridor
Barimaia Gold Project – Porphyry Corridor ► Very large east-west trending For personal use only bedrock gold system ► Near-surface open pit potential ► Targeting porphyry – ultramafic corridor ► Open in all directions ► +4km of strike to be systematically drill tested 17
Slide 18: Barimaia Gold Project – In the Shadow of the Headframe
Barimaia Gold Project – “In the Shadow of the Headframe” For personal use only Hill 50 Mt Magnet Barimaia Creek 18
Slide 19: Catalysts for Shareholder Growth
Catalysts for Shareholder Growth For personal use only 2019 2020 Q1 Q2 Q3 Q4 H1 H2 Ulysses Ongoing Extensional, Exploration and Infill Drilling Resource Growth Mineral Resource Update Feasibility Work Ongoing Barimaia Exploration Drilling Resource Estimate 19
Slide 20: Summary – A Fast-Growing Australian Gold Company
Summary – A Fast-Growing Australian Gold Company Ulysses Gold Project For personal use only Strategically located 2019 drilling commenced with Resource update mid year Scoping Study confirmed robust development pathway with feasibility work ongoing Outstanding Resource growth opportunity Large gold
Slide 21: Contact Details
For personal use only Contact Details: U6, 1 Clive Street, West Perth WA 6005 PO Box 937, West Perth WA 6872 Phone: +61 8 9322 6178 ACN 124 772 041 www.genesisminerals.com.au / info@genesisminerals.com.au 21
Slide 22: Appendix – October 2018 Mineral Resource
Appendix 1 – October 2018 Mineral Resource October 2018 Mineral Resource Estimate 0.75g/t Cut-off above 200mRL, 2.0g/t Below 200mRL For personal use only Measured Indicated Inferred Total Type Tonnes Au Tonnes Au Tonnes Au Tonnes Au Au t g/t t g/t t g/t t g/t Ounces Oxide 6,000 2.1 143,000 1.6 146,0
Slide 23: Appendix – Scoping Study Details
Appendix 2 – Scoping Study Details Mine Design Parameters Decline gradient 1 in 7 For personal use only • The mine has been designed using a typical long hole open stope technique Decline profile 5.2m (W) x 5.5m (H) in a top down sequence for the Ulysses ore body. Stope Strike Length 45m - 85m (HR 6