Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Investor Presentation (September 2023)
20 slides from Genesis Minerals's investor presentation, Sep 11, 2023
Slide 1: Introducing Genesis
For personal use only INTRODUCING GENESIS A growing Australian gold house CORPORATE PRESENTATION - NORTH AMERICA September 2023
Slide 2: Important Information
Important Information IMPORTANT: YOU MUST READ THE FOLLOWING SECTION BEFORE CONTINUING 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 c
Slide 3: Important Information: JORC and Listing Rules Compliance Statement
Important Information JORC and Listing Rules Compliance Statement The information in this Presentation that relates to: • Mineral Resource and Ore Reserve estimates for the Leonora assets which Genesis acquired from St Barbara are extracted from Genesis' ASX announcement dated 17 April 2023 and enti
Slide 4: Corporate Overview
Corporate Overview Key metrics (ASX: GMD)1,2 Board Shares on issue 1,037m3 Non-Executive Chairman Tony Kiernan For personal use only Share price A$1.59 Managing Director Raleigh Finlayson Market capitalisation US$1.05b (A$1.65b) Non-Executive Director Michael Bowen Cash at 30th June 2023 US$100m (A$
Slide 5: A new and growing Australian gold house
A new and growing Australian gold house 100% focused on Leonora: ► Successful acquisition of St Barbara's Leonora assets, Dominant position in the prolific Leonora District including Gwalia underground mine, 1.4Mtpa Leonora mill, Tower For personal use only Hill project ► 3.9Moz Group Reserves and 1
Slide 6: Business Development - Leonora transaction gets the green light
Business Development - Leonora transaction gets the green light 5-year VISION set in April 20221 is on track: VISION M&A COMMODITY JURISDICTION SCALE PROJECT MINING AND GEOLOGY & COSTS/ STAGE METALLURGY MINE LIFE FINANCIAL For personal use only “The premium Australian Discipline first - Track record
Slide 7: Creation of the central player in the tier-one Leonora District
Creation of the central player in the tier-one Leonora District Sustainable growth to +300,000 ounces per annum: Genesis’ VISION Home ground advantage - Genesis management Overview “The premium Australian gold producer - For personal use only has previously operated ~1/2 the mines on this map Key mi
Slide 8: Right Ores in the Right Mills
Right Ores in the Right Mills Processing Facility Ore Source Current Size Resource: 27.4Mt @ 5.5g/t for 4.9Moz For personal use only ► The addition of Ulysses Underground enables “quality > quantity” mining strategy Gwalia Underground PRODUCING ► Reduced mining rate to 0.7 - 0.8Mtpa of higher-grade
Slide 9: 1. Fill the Leonora mill
9 Add Ulysses 350,000 300,000 250,000 200,000 100,000 150,000 50,000 0 Leonora mill underutilised since 2015; New Admiral open pit fast-tracked to fill the mill over the next ~2 years Jun Q 2025 Mar Q 2025 Dec Q 2024 Add Admiral Sep Q 2024 Jun Q 2024 Mar Q 2024 Dec Q 2023 Sep Q 2023 Jun Q 2023 SPARE
Slide 10: 2. Ramp-up Admiral open pit
2. Ramp-up Admiral open pit New, shallow, high grade 1.6g/t open pit: ► Admiral is located ~40km trucking distance For personal use only from the 1.4Mtpa Leonora mill ► Maiden assignment for Genesis Mining Services (GMS, Genesis’ in-house open pit mining arm) ► New GMS equipment arrived on site in p
Slide 11: 3. Transition Gwalia to high grade, selective mining
3. Transition Gwalia to high grade, selective mining Prolific high-grade, long-life asset: ► Life of mine plan underwritten by Gwalia - Long section For personal use only 5,600oz per vertical metre ► Addition of new Admiral to “fill the Past 15 years mill” and transition Gwalia to ~2.8Moz produced “
Slide 12: 4. Ulysses "up the sleeve"
4. Ulysses “up the sleeve” Ulysses flexibility - Ready for development: ► The ability of Admiral to fill the Leonora Two becomes one mill… For personal use only Gwalia Ulysses full scale2 Combined ► …affords the flexibility to match Ulysses Annual mining rate Mtpa 0.7 - 0.8 0.6 - 0.7 1.3 - 1.5 under
Slide 13: 5. Advancing Tower Hill
5. Advancing Tower Hill Forgotten asset in the shadow of Gwalia: Harbour Lights 0.7Moz Resource ► Key value driver: For personal use only Airport ► Mt Morgans milling solution Leonora ► + GMS owner-operator open pit mining model Regional Hospital = Significant value unlocked from Tower Hill Mt Morga
Slide 14: 5. Advancing Tower Hill: A pit without peer
5. Advancing Tower Hill A pit without peer: ► Bulk, high grade open pit Tower Hill - Long Section For personal use only opportunity ► Planned strike length +1km ► Average drill intercept 35m @ 1.8g/t ► 4,000oz per vertical metre ► Further growth opportunities: ► Open down plunge - Underground mining
Slide 15: Western Australian peer comparison
Western Australian peer comparison Attractive multiples - Largest Resources and Reserves in peer group, high grade: EV / Resources (US$/oz) EV / Reserves (US$/oz) For personal use only Bubble size = Resource grade (g/t) Bubble size = Reserve grade (g/t) Bellevue 1000 400 Bellevue 800 300 EV / Resour
Slide 16: Re-building the Foundations
Re-building the Foundations Conservative management committed to “future-proofing” Leonora: GWALIA STRATEGIC REVIEW - December half 2023 …THE LAUNCH - March quarter 2024 For personal use only ► Investment to ensure a new lease of life for ► Five-year outlook including: Gwalia in the long-term: ► Pro
Slide 17: Introducing Genesis
Introducing Genesis ► Genesis is a new Australian gold house, 100% focused on Leonora For personal use only ► Genesis is targeting sustainable, high-quality earnings with capital-light production growth ► Genesis has the management capability, financial flexibility and investor mandate to restore an
Slide 18: Appendix A: Group Ore Reserves
Appendix A: Group Ore Reserves Proved Probable Total For personal use only Deposit Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (000's) (g/t Au) (000's) Genesis Gwalia (1,6) 2,100 5.1 350 11,000 5.0 1,700 13,000 5.0 2,000 Aphrodite (1,
Slide 19: Appendix B: Group Mineral Resources
Appendix B: Group Mineral Resources Measured Indicated Inferred 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's) (g/t Au) (000's) (000's) (g/t Au) (000's) Genesis For personal use only Gwalia Deeps
Slide 20: 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
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