Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Investor Presentation (May 2025)
22 slides from Genesis Minerals's investor presentation, May 7, 2025
Slide 1: Long Ore: Corporate Presentation May 2025
For personal use only LONG ORE “ASPIRE 400”; THE TRUSTED AUSTRALIAN GOLD MINER CORPORATE PRESENTATION MAY 2025
Slide 2: Important information
Important information Not an Offer and Not Financial Product Advice For personal use only This Presentation does not constitute or contain an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in Genesis. This Presentation may not be released to US
Slide 3: Corporate overview
Corporate overview Key metrics (ASX: GMD)1 Board For personal use only Shares on issue 1,130m1 Non-Executive Chairman Tony Kiernan Managing Director Raleigh Finlayson Share price A$4.10 Non-Executive Director Michael Bowen Market capitalisation A$4.6b Non-Executive Director Gerry Kaczmarek Cash and
Slide 4: One production centre in W.A. - Simple and flexible, growing
One production centre in W.A. - Simple and flexible, growing Long ore - 210Mt Resources and 54Mt Reserves1; Genesis has the gold For personal use only Two mills - Ore flows west to Leonora or east to Laverton; Total 4.4Mtpa +10 years of processing underpinned by the 65Mt for 4.5Moz contained i
Slide 5: Fully funded, base case 10-year plan
FULLY FUNDED, BASE CASE 10-year plan More ounces and less cost, year-on-year: For personal use only ► 3Moz production over 10 years Group production and cost outlook1,2,3 ► High confidence >90% in Reserves 400 A$2,200 - 2,400 $2,400 “ASPIRE “ASPIRE 400*” 400” 350 ► Declining AISC - As quantity / 350
Slide 6: "ASPIRE 400" learning journey
“ASPIRE 400” learning journey +8Moz upside NOT included in 10-year plan1: For personal use only First ounces: NOW 5 years 10 years Tower Hill Open Pit Resource (optimised pit at A$2,800/oz) 0.4Moz2 Tower Hill Underground Resource (drill tested to only 450m) 0.2Moz1 Westralia Resource (re-evaluation
Slide 7: Genesis is long ore
Genesis is long ore Underpinned by large, high-grade Resources and Reserves, 100% Western Australian: For personal use only Industry-leading Resources1 Industry-leading Reserves1 Industry-leading production growth1 Ora Banda Ora Banda Ramelius Bubble size = Bubble size = Capricorn 2000 20% Resource
Slide 8: Gwalia mine - Quality > quantity
Gwalia mine - “Quality > quantity” Prolific high-grade, long-life asset: For personal use only ► 7.0g/t “Heart of Gold”…blended with 4.2g/t Mid-Levels ► Followed by Rowe Decline 4.4g/t GWALIA UNDERGROUND ESTIMATES 4.0Moz RESOURCES1 / 1.1Moz (A$120m growth capital) RESERVES1 Mid-Levels ► Recent drill
Slide 9: Ulysses mine - At one with Gwalia
Ulysses mine - At one with Gwalia Operational strategy unchanged from December 2022: For personal use only ► Surplus equipment / people at Gwalia… Two becomes one e.g. Trucks reduced to 10 (from 14) Gwalia Ulysses full scale2 Combined Annual mining rate Mtpa 0.7 - 0.8 0.6 - 0.7 1.3 - 1.5 e.g. Jumbo
Slide 10: Jupiter - Reliable baseload on the doorstep of the Laverton mill
Jupiter - Reliable baseload on the doorstep of the Laverton mill Infrastructure in place, low capital start up: For personal use only ► Near-term mill feed, margins boosted by: Jupiter long section Lower cost GMS mining underway next quarter - Third fleet ordered, recruitment advanced Drilling s
Slide 11: Tower Hill development - One of a kind
Tower Hill development - One of a kind Grade, scale, simplicity: Shallow, bulk, high grade opportunity For personal use only ► Tower Hill long section immediately north of Gwalia ► Single open pit - Strike 1.4km, 4,000ozpvm ► 7-year mine life; 9 years of milling, ore haulage to Laverton capped at ~2
Slide 12: Tower Hill development - One of a kind
Tower Hill development - One of a kind First ore FY28: For personal use only FY25 FY26 FY27 FY28 Sep Q Dec Q Mar Q Jun Q Sep Q Dec Q Mar Q Jun Q Dec H Jun H Dec H STAGE 1 OPEN PIT Design Complete Technical Studies & Assessments Complete Section 18 Approval Complete Clearing Permit Approval Submitted
Slide 13: Admiral's flagship
Admiral’s flagship First rate: ► Abundance of recent shallow open pit For personal use only Admiral plan view highlighting drill results 50gm drill intercepts: 3.0m @ 27.3g/t 11.0m @ 6.4g/t 14.0m @ 4.1g/t 34.0m @ 1.5g/t ► Significant increase in grade as mining progresses, rising to 3g/t at
Slide 14: Liquidity building
Liquidity building Successive record quarters translate into outstanding cash flow generation: For personal use only Cash and equivalents rise to A$348m1 at 31st March 2025 A$468m liquidity at 31st March 2025 348 29 28 Cash and equivalents 238 A$348m A$m 16 192 178 20 170 181 173 156 2 12 6 10 2 12
Slide 15: Capital allocation
Capital allocation Progressive: For personal use only PRIORITIES Now… …“ASPIRE 400” Robust balance sheet ASPIRE “THIRDS” Growth projects NON-NEGOTIABLES Near-mine exploration Community contributions Dividends 1/3 TO GROWTH Buybacks / additional dividends EXCESS CASH FLOW 1/3 TO SHAREHOLDERS Social p
Slide 16: Ready set grow
Ready set grow For personal use only ► We are an aspirational Australian gold house, 100% focused on Leonora / Laverton ► We have the people, assets and balance sheet to deliver “ASPIRE 400” Sustainable, high-quality production and earnings growth ► We play the “long game”: Strategic management
Slide 17: Appendix A - Plan on a page
APPENDIX A - Plan on a page ASPIRE For personal use only 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 envi
Slide 18: Appendix B - TALO; Future proofing our business
APPENDIX B - TALO; Future proofing our business Thinking and acting like owners: For personal use only PEOPLE ► ~88% of Genesis employees are Genesis shareholders FIRST ► Project TALO - Initiatives from the shop floor; oz in / cost out, hunting the 1%’ers We mine safely - Protecting our people, our
Slide 19: Appendix C - Resources and Reserves
APPENDIX C - Resources and Reserves* 2025 Mineral Resource estimate 2025 Ore Reserve estimate For personal use only Measured Indicated Inferred Total Proved Probable Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes G
Slide 20: Appendix D - Peer data
APPENDIX D - Peer data Production CAGR metrics For personal use only FY24A FY25E FY26E FY27E FY28E FY29E Evolution EVN 717 752 768 803 797 788 ASX 100 Newmont NEM 6317 6325 5740 5788 6020 6083 ASX 100 Northern Star NST 1645 1629 1867 2040 2138 2386 ASX 100 Bellevue BGL 96 129 151 180 184 185 Peers -
Slide 21: Notes
For personal use only NOTES 21
Slide 22: Contact Details
For personal use only Contact Details: Troy Irvin Corporate Development Officer phone: +61 8 6323 9050 email: investorrelations@genesisminerals.com.au www.genesisminerals.com.au