Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Denver Gold Forum 2024
20 slides from Genesis Minerals's conference presentation, Sep 11, 2024
Slide 1: Accelerate - Denver Gold Forum, September 2024
For personal use only ACCELERATE DENVER GOLD FORUM, COLORADO SPRINGS SEPTEMBER 2024
Slide 2: Important information
Important information For personal use only Not an Offer and Not Financial Product Advice 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: The journey thus far…
The journey thus far… From concept to a leading ASX producer in 3 years: For personal use only SEPTEMBER 2021 APRIL 2022 JULY 2022 APRIL 2023 JULY 2023 TODAY… NEW MANAGEMENT CONCEPT COUNTER-CYCLICAL M&A COUNTER-CYCLICAL M&A NEW GOLD PRODUCER ACCELERATE GOLD EXPLORER “Open for business” strategy Daci
Slide 4: Corporate overview
Corporate overview Key metrics (ASX: GMD)1 Board For personal use only Shares on issue 1,128m1 Non-Executive Chairman Tony Kiernan Managing Director Raleigh Finlayson Share price A$2.08 Non-Executive Director Michael Bowen Market capitalisation A$2.3b Non-Executive Director Gerry Kaczmarek Cash and
Slide 5: 100% focused on Leonora, Western Australia
100% focused on Leonora, Western Australia Simple and flexible: Dominant position in the prolific Leonora District; “Right ore into right mill” strategy For personal use only One production centre Two mills - Ore flows west to Leonora 1.4Mtpa or east to Laverton 3.0Mtpa; Total 4.4Mtpa Baselo
Slide 6: Base case 10-year plan
BASE CASE 10-year plan More ounces and less cost, year-on-year: ► 3Moz production over 10 years For personal use only Group production and cost outlook1,2,3 ► High confidence - 91% in Reserves 400 A$2,200 - 2,400 “ASPIRE 400” $2,400 ► Fully funded - Operating cash 350 flows, cash and bullion A$173m4
Slide 7: First step taken in accelerated growth strategy
First step taken in accelerated growth strategy FY25 outlook lifted: For personal use only High grade ore development underway at Ulysses Mine and mill preparations running ahead of schedule Laverton mill to re-start in October 2024, six months early Open pit mining underway at Hub - 3.4g/t, >
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 GENESIS’ MAIDEN GWALIA UNDERGROUND ESTIMATES 4.0Moz (A$120m growth capital) RESOURCES1 / 1.1Moz RESERVES1 Mid-Level
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: Tower Hill development - One of a kind
Tower Hill development - One of a kind Grade, scale, simplicity: Reserve pit For personal use only 1.0Moz ► Shallow, bulk mining opportunity with an industry- (A$2,400/oz) leading open pit grade - Just over 1km north of Gwalia ► Single open pit - Strike +1km, 4,000ozpvm ► Since acquisition Genesis h
Slide 11: Tower Hill development - One of a kind
Tower Hill development - One of a kind Outstanding growth asset: For personal use only ► Growth driven by: Tower Hill cross section Drilling success and model update Lower Laverton milling costs plus larger equipment and lower GMS mining costs ► 7-year mine life; 9 years of milling, ore haulage
Slide 12: Tower Hill development - First ore FY28
Tower Hill development - One of a kind First ore FY28: For personal use only ► Project advancing towards production; Key milestones include: Stakeholder Engagement - Leonora Shire and Community, and State Government Environmental - Noise, vibrations and dust; EPA advice received that Tower Hill
Slide 13: Can two become one?
Can two become one? In the shadows of giants: For personal use only Gwalia / Tower Hill gap ~1,100m ► Limited shallow drilling... 1.8Moz1 ► …despite being the Add drilling 10.7Moz1 best place to find ?Moz Add drilling ?Moz more gold ► Extensions are likely ► Repeats are likely 1. Endowment = Mineral
Slide 14: ASPIRE 400 learning journey
“ASPIRE 400” learning journey Upside NOT included in 10-year plan1: For personal use only First ounces: NOW 5 years 10 years Gwalia Resources to Reserve Conversion 3.4Moz2 Gwalia Underground Extensions (lateral and depth extensions) ?Moz Hub Underground (drilling and studies) ?Moz Ulysses Undergroun
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 a new Australian gold house, 100% focused on Leonora ► We are targeting sustainable, high-quality production and earnings growth ► We play the “long game”: Enviable gold inventory Strategic management team Future-proofing through the gold price cyc
Slide 17: Appendix A - Plan on a page
APPENDIX A - Plan on a page ASPIRE PRODUCTION For personal use only VISION AND PEOPLE 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 - Resources and Reserves
APPENDIX B - Resources and Reserves 2024 Mineral Resource Estimate Summarised by Area 2024 Ore Reserve Estimate by Area For personal use only Source: GMD ASX announcement 21st March 2024 “Growth strategy underpinned by robust Reserves”
Slide 19: Notes
For personal use only NOTES 19
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