Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Investor Presentation (October 2022)
20 slides from Genesis Minerals's investor presentation, Oct 11, 2022
Slide 1: Perfectly positioned
For personal use only Perfectly positioned ASX GOLD COMPANY 10th October 2022
Slide 2: Disclaimer
Disclaimer Important: You must read the following before continuing. The following notice and disclaimer 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 in this Pre
Slide 3: Corporate overview
Corporate overview Key metrics (ASX:GMD) Board Sub header example Non-Executive Chairman Tony Kiernan Shares on issue^* 335m For personal use only Share price A$1.07 Managing Director Raleigh Finlayson Non-Executive Director Michael Bowen Market cap A$358m Non-Executive Director Gerry Kaczmarek Cash
Slide 4: Introduction
Introduction Dacian merger¹ creates central player in +65Moz Leonora / Laverton District: For personal use only • Natural pairing of Genesis’ organic growth and high-grade Ulysses project with Dacian’s large-scale mill and exploration upside; 4.2Moz Resources and growing • Premium management - Prove
Slide 5: Five-year strategy - Six month scorecard
Five-year strategy - Six month* scorecard Genesis delivering on early stages of strategy: For personal use only PEOPLE AND ORGANIC VISION DISCOVERY M&A CULTURE GROWTH “The premium Australian Our Core Values drive our Skilled, committed and stable Management KPI’s drive Discipline first - Track recor
Slide 6: Business development - Six month scorecard
Business development - Six month scorecard Dacian transaction gets the green light: For personal use only PROJECT MINING AND GEOLOGY AND COSTS / COMMODITY JURISDICTION SCALE VISION M&A STAGE METALLURGY MINE LIFE FINANCIAL Gold Prioritise Advanced >100koz pa Open pit Eastern Target “first “The premiu
Slide 7: Dacian plan
Dacian plan Long life, +150koz pa base case1,2: For personal use only • Mt Morgans transitioned from mining to stockpile processing only (stockpile Reserves³ ~1.6Mt @ 0.6g/t) • Stockpile processing mode provides opportunity to re-set strategy… • …without immediate mining pressure in a challenging co
Slide 8: Dacian - Historical challenges
Dacian - Historical challenges Mitigants identified in Genesis due-diligence¹: For personal use only • Production variability GMD - Additional ore sources / flexibility / high grades via GMD’s Leonora Gold Project; combined Resource 4.2Moz @ 1.7g/t • Substantial increases in mining costs GMD - Owner
Slide 9: People and culture
People and culture PEOPLE AND The Genesis proposition: Core values CULTURE For personal use only • Alignment with Genesis’ core values Our Core Values drive our culture and leadership • Purpose: Proven Leadership Individual - What I do matters Company - What we do matters Skill set from explorat
Slide 10: Resource growth
Resource growth 4.2Moz combined Resources¹: use only 4.5 12 4.0 Dacian acquisition 10 highly accretive 3.5 on a per share basis 3.0 8 Resources (Moz) oz / 1000 shares 2.5 6 For personal 2.0 1.5 4 1.0 2 0.5 0.0 0 Jan 2016 Feb 2017 Feb 2018 Oct 2018 Nov 2019 Jun 2020 Mar 2021 Mar 2022 (including Sep 2
Slide 11: Enter Ulysses
Enter Ulysses Strategic asset in Leonora - New high-grade shovel-ready mine: ULYSSES WEST GRADE CONTROL Pre-development “future-proofing” For personal use only • Ulysses - Long section MULTIPLE HIGH GRADE INTERCEPTS underway including grade control drilling, de- watering and infrastructure works • H
Slide 12: Admiral
Admiral A pit lost in time: For personal use only • “Forgotten” shallow opportunity - Virtually no Admiral - Plan view exploration for ~20 years • Multiple structures / multiple orientations / multiple rock types - Favourable for significant gold mineralization, hot spots = Where the shear zones hit
Slide 13: Jupiter bulk mining opportunity
Jupiter bulk mining opportunity Time to grow, and apply owner-mining open pit model (adjacent to Mt Morgans mill)1: For personal use only • Plethora of drill results² with significant scale below Jupiter (Joanne Syenite) - Long section facing west the floor of the Doublejay open pit, including: 29
Slide 14: Exploration upside
Exploration upside Multiple high-priority targets, including: For personal use only • Genesis’ Ulysses to Orient Well Corridor (>40km of highly prospective strike), plus Puzzle North discovery • Dacian’s Southern Tenement Targets (12km strike), Cedar Island syenite stock1 • Dacian’s +100m thick Call
Slide 15: Pick a gold price… Genesis has the strategy
Pick a gold price… Genesis has the strategy “Future-proofing” the business - Ready for whatever the gold price cycle throws at us: For personal use only Preserve current setting… …until gold sector margins improve GMD defense: GMD attack: Conservative management Rapid pivot into production High grad
Slide 16: Relative valuation
Relative valuation Trading at ~1/2 producer / developer peer average: For personal use only 10,000 9,000 8,000 7,000 EV/Production oz (A$/oz) 6,000 Base case production plan 150kozpa GMD¹ ~A$2,200/oz 5,000 v peers ~A$4,000/oz 4,000 3,000 2,000 1,000 0 Capricorn (CMM) Pantoro (PNR) Newcrest (NCM) Gol
Slide 17: Genesis - Perfectly positioned
Genesis - Perfectly positioned • We are creating a leading mid-tier ASX gold producer For personal use only • We are a central player in Western Australia’s prolific Leonora / Laverton District with majority control of Dacian • We have unrivalled optionality - Unique defensive attributes with the ab
Slide 18: Appendix A - Combined Mineral Resources
APPENDIX A - COMBINED MINERAL RESOURCES¹ Measured Indicated Inferred Total Deposit / area For personal use only kt Au g/t koz kt Au g/t koz kt Au g/t koz kt Au g/t koz Ulysses (High-grade) 658 6.1 129 908 6.3 184 188 8.2 50 1,754 6.4 363 Ulysses (Low-grade) 137 1.4 6 3,433 2.3 250 2,418 2.8 219 5,98
Slide 19: Appendix B - Genesis Management Credentials
APPENDIX B - GENESIS MANAGEMENT CREDENTIALS Delivery matters most: For personal use only GMD management beat guidance for 8 consecutive years at Saracen… …creating significant shareholder value Performance from 30th June 2013 to 15th February 2021*: • SAR share price - Increased 42.6x • AUD gold pri
Slide 20: Contact Details
For personal use only Contact Details: Troy Irvin Corporate Development Officer phone: +61 8 9322 6178 email: investorrelations@genesisminerals.com.au www.genesisminerals.com.au
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