Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Investor Presentation (May 2026)
29 slides from Genesis Minerals's investor presentation, May 6, 2026
Slide 1: Growth and Cash Flow
GROWTH AND CASH FLOW 100% LEONORA / LAVERTON IN WESTERN AUSTRALIA ; “ASPIRE 500” CORPORATE PRESENTATION MAY 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 Disclaimer None of Genesis’ advisers, affiliates, related bodies corporate, directors, officers, partners, employees or agents, have authorised, permitted or caused the issue, submission, dispatch or provision of this Presentation and, except to the extent referred to in this P
Slide 4: Overview - Culture
Overview - Culture ASPIRE core values: 4
Slide 5: Overview - Corporate
Overview - Corporate Key metrics (ASX: GMD)1 Board Executive Chair Raleigh Finlayson Shares on issue 1,142m1 Lead Independent Director Tony Kiernan Share price A$5.85 Executive Director - Operations Duncan Coutts Non-Executive Director Michael Bowen Market capitalisation A$6.7b Non-Executive Directo
Slide 6: Overview - Assets
Overview - Assets Exclusively focused on the prolific Leonora / Laverton district in Western Australia: ► Pro forma Resources of 21.3Moz and Reserves of 5.4Moz1 Includes A$639m “bolt-on” acquisition of Magnetic Resources with 2.4Moz Resources and 1.0Moz Reserves2 ► Multiple baseload +1Moz Reserve de
Slide 7: Building cash...
Building cash… Record underlying cash generation of A$253m in March quarter alone: Group production, cash and equivalents build since 1st January 2025 75,000 900 ► Soaring free cash flow driven by 65,000 12,632 800 rising production from Genesis 7,873 4,297 7,659 17,556 17,861 700 mines* and focused
Slide 8: ...AND investing in industry-leading growth
…AND investing in industry-leading growth 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- “ASPI
Slide 9: Industry-leading growth
Industry-leading growth Accretive ounces: Industry-leading Resources and Reserves (Moz)1 Northern Star / Evolution 22 +2.4Moz Wealth of 20 conversion opportunities +2.4 18 16 14 12 10 8 +1.0Moz 6 4 2 0 Genesis Westgold2 Greatland Ramelius Perseus Regis Capricorn3 Gold Resources Gold Reserves Acquire
Slide 10: Industry-leading growth
Industry-leading growth ~16Moz of conversion opportunities: Resources NOT in Reserves (Moz) 1,2 8.0 7.0 6.69 6.47 6.0 Other West Other East 5.0 Ulysses Westralia 4.0 Tower Hill Lady Julie 2.80 3.0 2.0 Gwalia Focus Bardoc 1.0 Jupiter 0.0 LEONORA LAVERTON SOUTH Long ore; Potential Long ore; New mill t
Slide 11: Quality growth
Quality growth Enviable quinella of scale and grade: Undeveloped open pit projects in Western Australia1 Resource Grade (g/t Au) Grade (g/t) Contained Resource (Moz Au) 3.0 1.6Moz 2.5 2.0 2.0Moz 1.1Moz 1.9Moz 1.8Moz 1.5 1.2Moz 11.2Moz 1.4Moz 1.6Moz 1.4Moz 2.0Moz 4.5Moz 1.0 0.5 0.0 Tower Hill Lady Ju
Slide 12: Reliable
Reliable Results matter: ► Building a track record of meeting / beating production guidance: • Met FY24 guidance (Genesis’ first year as a producer) • Beat FY25 upgraded guidance (Genesis’ second year as a producer) • On track to hit mid-point of FY26 guidance (Genesis’ third year as a producer) • C
Slide 13: We care about our shareholders
We care about our shareholders Focused on per share metrics1: Production per share Earnings per share 0.13 21.7 0.11 14.8 0.09 oz / 1,000 shares 5.5 cps FY24 Dec H 2024 Jun H 2025 Dec H 2025 Dec H 2024 Jun H 2025 Dec H 2025 Focused on return on capital: ► Sector-leading ROCE2 (return on capital empl
Slide 14: ASSETS - Tower Hill on the pathway to production (LEONORA)
ASSETS - Tower Hill on the pathway to production (LEONORA) Shallow, wide and high grade; New mill coming: ► Single open pit - Strike 1.4km, operating strip ratio 9:1 ► Several >200gm drill intercepts; Only tested to ~450m depth despite being just 1,500m from Gwalia (>2km depth) ► New 3.5-4.0Mtpa Tow
Slide 15: ASSETS - Tower Hill on the pathway to production (LEONORA)
ASSETS - Tower Hill on the pathway to production (LEONORA) Site works underway: On track for first ore in FY28; Further details (including the new mill) will be provided in the updated long-term plan set for September quarter 2026 15
Slide 16: ASSETS - Gwalia mine (LEONORA)
ASSETS - Gwalia mine (LEONORA) High-grade, long-life asset, “Quality > quantity”: ► Focused on consistent production Gwalia long section highlighting drill results in the “Uppers” from the high grade “Heart of Gold” ► Drilling is underway in the forgotten “Uppers” ~300-1,000m below surface, results
Slide 17: ASSETS - Introducing Lady Julie (LAVERTON)
ASSETS - Introducing Lady Julie (LAVERTON) Re-capping “bolt-on” acquisition of Magnetic: The puzzle is complete Recommended Scheme of Arrangement for 100% of Magnetic Resources for an implied equity value of A$639 million1; Completion anticipated June 2026, dependent on satisfaction of conditions
Slide 18: ASSETS - Introducing Lady Julie (LAVERTON)
ASSETS - Introducing Lady Julie (LAVERTON) BIG becomes BIGGER: Tenement boundary “Constrained’ Lady Julie North Lady Julie projection1… …unshackled Open Pit Reserve 730koz2 MAU GMD “Unconstrained” Lady Julie North Open Pit POTENTIAL SIZE UPLIFT GAP + Lady Julie North ground GAP Reserve 190koz2 ► GEN
Slide 19: ASSETS - Introducing Lady Julie (LAVERTON)
ASSETS - Introducing Lady Julie (LAVERTON) Chatterbox Trend: Geological structure running from Genesis’ Chatterbox Plenty to talk about… deposits in the north, through Lady Julie, extending south towards Gold Fields’ world class Wallaby deposit * Gold is hosted in intensely altered and sheared s
Slide 20: ASSETS - Focus (LAVERTON)
ASSETS - Focus (LAVERTON) The gift that will keep on giving: Resources 3.9Moz @ 1.7g/t1 and Reserves Beasley Creek long section - First cab off the rank 591koz @ 1.2g/t2 First cab off the rank - Beasley Creek: • Drilling by previous owners returned ample thick, high-grade results: 17m @ 9.3g/t,
Slide 21: Capital allocation
Capital allocation Progressive: PRIORITIES Now… …“ASPIRE 500” Robust balance sheet ASPIRE “THIRDS” Growth projects NON-NEGOTIABLES Near-mine exploration Community contributions Dividends 1/3 TO GROWTH Buybacks / additional dividends EXCESS CASH FLOW 1/3 TO SHAREHOLDERS Social projects 1/3 TO BALANCE
Slide 22: Filling the gap
Filling the gap ► We have a simple business, 100% focused on Leonora / Laverton in Western Australia ► We have the people, assets and balance sheet to deliver “ASPIRE 500”1 ► Lady Julie completes the Leonora / Laverton puzzle1 ► We play the “long game”: • Long ore; Studies continue to bring ounces f
Slide 23: Filling the gap...
Filling the gap… …between the “big end of town” and the rest: Mineral Resources (Moz Au)1 Ore Reserve (Moz Au)1 FY26E Production (koz Au)2 Market Capitalisation (A$b)3 Northern Star 83.0 Northern Star 28.3 Northern Star 1,519 Northern Star 30.2 Evolution 31.0 Evolution 12.0 Evolution Evolution 24.7
Slide 24: APPENDIX A - Genesis Resources and Reserves
APPENDIX A - Genesis Resources and Reserves* 2026 Mineral Resource estimate 2026 Ore Reserve estimate Measured Indicated Inferred Total Proved Probable Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Deposit (000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (000
Slide 25: APPENDIX B - Magnetic Resources and Reserves
APPENDIX B - 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 26: APPENDIX C - Magnetic acquisition overview
APPENDIX C - Magnetic 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 shareholder
Slide 27: APPENDIX D - Proforma Genesis
APPENDIX D - Proforma Genesis Pro forma Genesis market capitalisation of A$6.7b and 21.3Moz Au Mineral Resource base Genesis Magnetic pro forma Genesis Share Price / Offer Price1 A$/share 5.74 2.002 5.74 Shares Outstanding3 # 1,142.3 320.9 1,170.44 Market Capitalisation A$m 6,556.8 641.7 6,718.3 Cas
Slide 28: APPENDIX E - Peer data, Genesis per share metrics
APPENDIX E - Peer data, Genesis per share metrics Resource and Reserves - Peer metrics (ASX 100) Mineral Resources Ore Reserves Source: Mineral Resources and Ore Reserves - ASX announcements Moz Moz 1 Northern Star NST 83.0 28.3 23rd February 2026 “Investor Presentation - BMO Conference” and 4th Apr
Slide 29: Contact Details: Troy Irvin Corporate Development Officer
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