Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Investor Presentation (February 2026)
35 slides from Genesis Minerals's investor presentation, Feb 23, 2026
Slide 1: More Gold
MORE GOLD 100% LEONORA / LAVERTON IN WESTERN AUSTRALIA ; “ASPIRE 500” BMO GLOBAL METALS, MINING & CRITICAL MINERALS CONFERENCE MIAMI, FLORIDA FEBRUARY 2026 ASX: GMD
Slide 2: Important information
Important information 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 contained or referred to in this Presentation. This Presentation i
Slide 3: Important information
Important information Effect of rounding A number of figures, amounts, percentages, estimates, calculations of value and fractions in this Presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this Presentation
Slide 4: Important information
Important information Mineral Resources and Ore Reserve Estimates The information in this Presentation that relates to Mineral Resources and Ore Reserves estimates for Genesis' projects are extracted from Genesis' ASX announcements dated 8th April 2025 entitled "Reserves rise to 3.7Moz, underpinning
Slide 5: Corporate overview
Corporate overview Key metrics (ASX: GMD)1 Board Executive Chair Raleigh Finlayson Shares on issue 1,142m1 Lead Independent Director Tony Kiernan Share price A$6.87 Executive Director - Operations Duncan Coutts Non-Executive Director Michael Bowen Market capitalisation A$7.8b Non-Executive Director
Slide 6: Strategic - The puzzle is complete
Strategic - The puzzle is complete Recapping “bolt-on” acquisition of Magnetic: 100% focused on Leonora / Laverton - Now consolidated: Recommended Scheme of Arrangement for 100% of Magnetic Resources for an implied equity value of A$639 million 1; Completion anticipated June 2026, dependent on sat
Slide 7: Growing: Uplift to ASPIRE 500
Growing Uplift to 500: BASE CASE PLAN assumed current 4.4Mtpa group milling capacity with Tower Hill milled at Laverton (~100km haul) BASE PLAN (March 2024)1,2 to be updated post-completion of Magnetic transaction 500 Genesis to build new Tower Hill mill; 3.5-4.0Mtpa, “ASPIRE 400*” capital cost A$25
Slide 8: Growing: Accretive ounces
Growing Accretive ounces: Industry-leading Resources and Reserves (Moz)1 Northern Star / Evolution 22 +2.4Moz 20 Wealth of conversion opportunities +2.4 18 16 14 12 10 8 6 +1Moz 4 2 0 Genesis Westgold Vault Ramelius Greatland Perseus Capricorn Regis Gold Resource Gold Reserve Acquired Magnetic ounce
Slide 9: Growing: ~16Moz of conversion opportunities
Growing ~16Moz of conversion opportunities: Resources NOT in Reserves (Moz) 1,2 7.0 6.7 6.3 6.0 Other West Other East 5.0 Ulysses 4.0 Tower Hill Westralia 2.8 3.0 Lady Julie 2.0 Gwalia Focus Bardoc 1.0 Jupiter 0.0 LEONORA LAVERTON SOUTH Long ore; Potential Long ore; New mill to bring $ Long ore; Str
Slide 10: Reliable: Results matter
Reliable Results matter: ► Building a track record of meeting / beating production guidance: • June 2024 - Met FY24 guidance (Genesis’ first year as a producer) • June 2025 - Beat FY25 upgraded guidance (Genesis’ second year as a producer) • February 2026 - On track to meet FY26 guidance (Genesis’ t
Slide 11: We care about our shareholders
We care about our shareholders Focused on per share metrics1: Production per share Earnings per share Free cash flow2 per share 21.7 22.4 0.13 0.11 18.4 14.8 0.09 oz / 1,000 shares 5.5 3.3 cps cps Dec H 2024 Jun H 2025 Dec H 2025 Dec H 2024 Jun H 2025 Dec H 2025 Dec H 2024 FY24 Jun H 2025 Dec H 2025
Slide 12: People First, Sustainable
People First, Sustainable Building long-term traditional owner and community relationships: ► Outstanding progress in recent months including: Nyalpa Pirniku signing event • Native Title Mining and Heritage Agreements with: • Nyalpa Pirniku Traditional Owners (Laverton) • Darlot Traditional Owners (
Slide 13: ASSETS - West Side
ASSETS - WEST SIDE Current metrics: LEONORA ► 1.4Mtpa milling capacity ► Long ore - Key projects include: • Gwalia • Tower Hill ► To build new 3.5-4.0Mtpa Tower Hill mill ► Stellar exploration upside on key regional structures 13
Slide 14: ASSETS - Gwalia mine
ASSETS - Gwalia mine Prolific high-grade, long-life asset, “Quality > quantity”: ► Focused on high grade “Heart of Gwalia long section highlighting drill results Gold”…blended with Mid-Levels ► FY26 mined grade anticipated to be in line with Reserve 5.3g/t ► Followed by Rowe Decline (A$120m growth c
Slide 15: ASSETS - Tower Hill development
ASSETS - Tower Hill development Bringing Tower Hill back home: Tower Hill 101 - Grade, scale, optionality ► Tower Hill to processed at new Tower Hill • Shallow, bulk, high grade, 4,000ozpvm opportunity • Single open pit - Strike 1.4km, operating strip ratio 9:1 (Reserve pit, waste:ore) mill: • Under
Slide 16: ASSETS - Tower Hill development
ASSETS - Tower Hill development Flurry of recent activity: ► Major development milestones achieved in late 2025: • Rail agreements signed • Execution of a Mining Agreement with the Darlot People Stage 2 pit design • Receipt of the Stage 1 Mining Proposal and Mine Closure Plan • Receipt of the Stage
Slide 17: ASSETS - East Side
ASSETS - EAST SIDE Current metrics: ► 3.0Mtpa milling capacity LAVERTON ► Long ore - Key projects include: • Jupiter • Focus • Lady Julie (recommended offer for Magnetic) ► Ongoing studies into expanding the milling capacity to 4.5-5.0Mtpa ► Stellar exploration upside on key regional structures 17
Slide 18: ASSETS - Jupiter mine
ASSETS - Jupiter mine Ramping up baseload on the doorstep of the Laverton mill: ► Reserve 7.7Mt @ 0.9g/t for 220koz Jupiter long section highlighting drill results ► Grade expectations - FY26 0.8g/t, increasing year-on-year ► Recent drilling has extended the shear zones to the north-east, with resul
Slide 19: ASSETS - Focus
ASSETS - Focus The gift that will keep on giving: Resources 4Moz @ 1.7g/t1,2 and Reserves Beasley Creek long section - First cab off the rank 546koz @ 1.3g/t1 Long project pipeline starting with Beasley Creek: • Drilling by previous owners returned ample thick, high-grade results: 17m @ 9.3g/t,
Slide 20: ASSETS - Introducing Lady Julie
ASSETS - Introducing Lady Julie Bolstering Genesis’ Laverton inventory and production outlook: Group Resources 2.4Moz @ 1.7g/t1; Flagship Lady Julie project Magnetic “Bolt-on” - Substantial synergies and cost savings Resources 2.2Moz @ 1.8g/t and Reserves 18Mt @ 1.7g/t for 1.0Moz 1 1,2 Clear pot
Slide 21: ASSETS - Introducing Lady Julie
ASSETS - Introducing Lady Julie Simple, high grade, open pit development projects in Western Australia1: Resource Grade Grade (g/t) Contained Resource (Moz Au) (g/t Au) 3.0 1.6Moz 2.5 2.0 2.0Moz 1.9Moz 1.8Moz 1.5 1.2Moz 1.4Moz 1.6Moz 1.2Moz 1.4Moz 1.0 0.5 0.0 Tower Hill Lady Julie North 4 Minyari La
Slide 22: Introducing Lady Julie
Introducing Lady Julie BIG becomes BIGGER: “Constrained’ Lady Julie North Lady Julie projection1… …unshackled Open Pit Reserve 730koz2 “Unconstrained” Lady Julie North Open Pit SIGNIFICANT SIZE UPLIFT Tenement boundary GAP GAP + Lady Julie North ground Reserve 190koz2 ► GENUINE SYNERGY - Remove tene
Slide 23: Introducing Lady Julie
Introducing Lady Julie Chatterbox Trend: Geological structure running from Genesis’ Chatterbox Plenty to talk about… deposits in the north, through Lady Julie, extending south towards Gold Fields’ world class Wallaby deposit * Gold is hosted in intensely altered and sheared sediments, with signi
Slide 24: Robust balance sheet
Robust balance sheet Built from record production and record cash flow: ► Soaring underlying1 cash generation from record gold production: • A$271m June half 20252 +A$736m over • A$382m December half 20252 13 months • A$83m January month 20263 Outstanding production and underlying cash generation fo
Slide 25: Capital allocation
Capital allocation Progressive: PRIORITIES Now… …“ASPIRE 500” Robust balance sheet ASPIRE “THIRDS” Growth projects NON-NEGOTIABLES Near-mine exploration Community contributions Dividends 1/3 TO GROWTH Buybacks / additional dividends EXCESS CASH FLOW 1/3 TO SHAREHOLDERS Social projects 1/3 TO BALANCE
Slide 26: Filling the gap
Filling the gap ► We have a simple business, 100% focused on Leonora / Laverton in Western Australia ► We have the people, assets and balance sheet to deliver “ASPIRE 500” ► Lady Julie completes the Leonora / Laverton puzzle ► We play the “long game”: • Long ore; Studies continue to bring ounces for
Slide 27: Filling the gap…
Filling the gap… …between the “big end of town” and the rest: Market Capitalisation (A$b)1 Mineral Resources (Moz Au)2 Ore Reserve (Moz Au)2 FY26E Production (koz Au)3 Northern Star 40.6 Northern Star 83.0 Northern Star 28.3 Northern Star 1,650 Evolution 31.4 Evolution 30.0 Evolution 11.0 Evolution
Slide 28: APPENDIX A - Plan on a page ASPIRE
APPENDIX A - Plan on a page ASPIRE 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 environment, operational e
Slide 29: APPENDIX B - Acquisition overview
APPENDIX B - Acquisition overview Recommended Scheme of Arrangement, whereby Genesis will acquire 100% of the issued shares in Magnetic (Scheme) Offer Structure The Scheme has been unanimously recommended by the Magnetic Board1 The Scheme is subject to approval by Magnetic shareholders and cou
Slide 30: APPENDIX C - Genesis Resources and Reserves
APPENDIX C - Genesis Resources and Reserves* 2025 Mineral Resource estimate 2025 Ore Reserve estimate Measured Indicated Inferred Total Proved Probable 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
Slide 31: APPENDIX D - Magnetic Resources and Reserves
APPENDIX D - Magnetic Resources and Reserves* Mineral Resource estimate Ore Reserve estimate Indicated Inferred Total Probable Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Project Tonnes Grade Ounces Tonnes Grade Ounces Deposit (000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (
Slide 32: APPENDIX E - Pro forma Genesis
APPENDIX E - Pro forma Genesis Pro forma Genesis market capitalisation of A$8.0b and 21Moz Au Mineral Resource base Genesis Magnetic pro forma Genesis Share Price / Offer Price1 A$/share 6.87 2.00 6.87 Shares Outstanding2 # 1,142.3 320.9 1,170.43 Market Capitalisation A$m 7,847.8 641.7 8,040.2 Cash
Slide 33: APPENDIX F - Peer data
APPENDIX F - Peer data Resource and Reserves - Peer metrics Market Mineral Company Ticker Ore Reserve Source: Mineral Resource and Ore Reserve Source - ASX announcements Capitalisation Resource A$b Moz Au Moz Au 15th May 2025 Northern Star "Annual Mineral Resources and Ore Reserves Statement" Northe
Slide 34: APPENDIX G - Undeveloped gold projects
APPENDIX G - Undeveloped gold projects Mineral Resources - Undeveloped gold projects Mineral Resource Company Ticker Project Source: Mineral Resources and Ore Reserves – ASX announcements Resource Grade Moz Au g/t Au Magnetic Resources MAU Lady Julie North 4 2.0 1.8 20th January 2026 "Lady Julie Gol
Slide 35: Contact Details
Contact Details: Troy Irvin Corporate Development Officer Address: Level 11, 2 The Esplanade, Perth WA 6000 phone: +61 8 6323 9050 email: investorrelations@genesisminerals.com.au www.genesisminerals.com.au
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