Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Investor Presentation (June 2020)
23 slides from Genesis Minerals's investor presentation, Jun 24, 2020
Slide 1: Kookynie Acquisition
Kookynie Acquisition Transformational acquisition supports strategy to establish a significant new standalone gold mining and processing operation at Ulysses Investor Presentation – June 2020 Not for release to US wire services or distribution in the United States
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements Some statements in this report regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future matters. Forward looking statements include, but are not limited to, statements preceded by words such as “pl
Slide 3: Kookynie Acquisition: A transformational opportunity
Kookynie Acquisition: A transformational opportunity ► Genesis has entered into a binding option agreement to acquire the Kookynie Gold Project, located immediately south-east of its flagship Ulysses Gold Project near Leonora in WA ► Puts Genesis on a firm growth trajectory towards the establishment
Slide 4: Kookynie Acquisition: A transformational opportunity
Kookynie Acquisition: A transformational opportunity ► Consolidates Genesis’ ownership of a key segment of a highly prospective gold corridor along strike from the Ulysses deposit ► Provides an opportunity for strong near-term Resource growth ► Feasibility Study to commence immediately on a standalo
Slide 5: Kookynie Acquisition: A transformational opportunity
Kookynie Acquisition: A transformational opportunity ► Genesis would, upon completion of the acquisition, control an area of +650km2 through its 100% ownership of Ulysses, Desdemona South JV and Kookynie ► Acquisition includes a 20-person accommodation camp, bore field (DWER approved 1.2M kL Annual
Slide 6: Ulysses-Orient Well Shear Corridor: An Exceptional Target
Ulysses-Orient Well Shear Corridor: An Exceptional Target ► Ulysses-Orient Well shear corridor has a significant gold endowment based on past production and current Resources ► 15km E-W oriented segment (jog) with widespread gold anomalism near-surface and limited deeper exploration ► Numerous shall
Slide 7: Kookynie: Mineral Resources
Kookynie: Mineral Resources 0.5g/t Au Cut-off, Depleted for Historical Mining Indicated Inferred Total Deposit Tonnes Au Au Tonnes Au Au Tonnes Au Au Mt g/t Oz Mt g/t Oz Mt g/t Oz Butterfly 0.54 1.7 30,000 0.52 1.7 29,000 1.06 1.7 59,000 Admiral 1.40 2.0 89,000 1.38 1.5 66,000 2.78 1.7 155,000 Clark
Slide 8: Kookynie: Admiral – Clark – Butterfly
Kookynie: Admiral – Clark – Butterfly ► Admiral, Clark and Butterfly deposits estimated to contain 4.6Mt @ 1.7g/t gold for 246,000oz Plan View ► Numerous highly-ranked targets identified in the Admiral-Butterfly camp, including extensions of known mineralised positions from deposits or direct analog
Slide 9: Kookynie: Orient Well
Kookynie: Orient Well ► Current Resource of 1.51Mt @ 1.3g/t gold for 61,000oz ► Mineralisation hosted within a quartz stockwork mainly hosted by felsic volcanics, with mineralisation focused on a moderate NE-dipping basalt-felsic contact ► High-priority initial target to test down-dip of a sizeable,
Slide 10: Ulysses: Feasibility Study
Ulysses: Feasibility Study ► Genesis now intends to rapidly progress a Feasibility Study based on a standalone mining and processing operation at Ulysses ► Study will use inputs from the robust Ulysses toll milling Feasibility Study as a base ► It is anticipated that mineralisation will be sourced f
Slide 11: Path Forward: Next 9 Months
Path Forward: Next 9 Months STATUS Jun 20 Jul 20 Aug 20 Sep 20 Oct 20 Nov 20 Dec 20 Jan 21 Feb 21 Mar 21 Option Period In Progress Resource Confirmation To commence Admiral-Clark-Butterfly-OW-Puzzle Drilling Extensional Drilling To commence Admiral-Clark-Butterfly-OW-Puzzle Exploration Drilling To c
Slide 12: Corporate Overview
Corporate Overview GENESIS MINERALS LIMITED SHARE PRICE – (16 June 2020) CAPITAL STRUCTURE Share Price A4.7c Shares on Issue 1,329 million Options on Issue 27.6 million Market Capitalisation ~A$60 million (@ A$0.047) Top 100 shareholders ~70% Cash - March 31, 2020 ~A$4.8 million BOARD and MANAGEMENT
Slide 13: Summary: Key Takeaways
Summary: Key Takeaways Expanding the Ulysses Gold Project as the foundation for a mid-tier gold company… Kookynie acquisition is very positive from a strategic, corporate, geological and tactical perspective Puts Genesis on a firm growth trajectory towards the establishment of a significant new stan
Slide 14: Kookynie: Acquisition Details
Kookynie: Acquisition Details ► Total consideration of A$13.5M, comprising a minimum $12.5 million in cash and $1 million in shares, to acquire 100% of the Kookynie Project tenements and infrastructure ► Acquisition is subject to the following conditions being satisfied by 24 June 2020 (Genesis has
Slide 15: Ulysses: December 2019 Mineral Resource
Ulysses: December 2019 Mineral Resource Measured Indicated Inferred Total Domain Tonnes Au Tonnes Au Tonnes Au Tonnes Au Au Mt g/t Mt g/t Mt g/t Mt g/t Ounces HG Shoots 0.66 6.0 0.89 6.5 0.19 8.2 1.73 6.5 360,600 Shear Zone 0.14 1.3 3.20 2.2 1.88 3.2 5.21 2.5 426,100 Ulysses East 0.53 1.8 1.00 1.6 1
Slide 16: Equity Raising Structure
Equity Raising Structure • Equity Raising to raise a total amount of up to approximately $19.5 million (before costs) through a placement (“Placement”) and an underwritten pro-rata non-renounceable entitlement offer (“Entitlement Offer”) (together, the “Equity Raising”): • Placement to raise up to a
Slide 17: Indicative Timetable
Indicative Timetable Announcement of the results of the equity raising • Wednesday, 24 June 2020 Entitlement offer ex date • Friday, 26 June 2020 Record date for determining entitlements • Monday, 29 June 2020 (at 5:00pm WST) Anticipated placement DvP settlement date • Tuesday, 30 June 2020 Offer do
Slide 18: Risks
Risks Mining project acquisitions, developments, and operations hold a number of inherent general and project specific risks. The following is a summary of the more material matters to be considered. Company Specific Risks • The mineral tenements of the Company are at various stages of exploration,
Slide 19: Risks
Risks Company Specific Risks • The Company may be required to obtain the consent from the holders of third party interests which overlay areas within its tenements or future tenements granted to the Company, prior to accessing or commencing any exploration or mining activities on the affected areas
Slide 20: International Offer Restrictions
International Offer Restrictions This document does not constitute an offer of new ordinary shares ("New Shares") of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold in the
Slide 21: International Offer Restrictions
International Offer Restrictions European Union This document has not been, and will not be, registered with or approved by any securities regulator in the European Union. Accordingly, this document may not be made available, nor may the New Shares be offered for sale, in the European Union except i
Slide 22: International Offer Restrictions
International Offer Restrictions United Kingdom Neither this document nor any other document relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the Financial Services and Markets Act 20
Slide 23: Contact Details
Contact Details: U6, 1 Clive Street, West Perth WA 6005 PO Box 937, West Perth WA 6872 Phone: +61 8 9322 6178 ACN 124 772 041 www.genesisminerals.com.au / info@genesisminerals.com.au Slide 23