Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Investor Presentation (May 2024)
26 slides from Genesis Minerals's investor presentation, May 8, 2024
Slide 1: Update to Presentation
ABN 72 124 772 041 ABN: 72 124 772 041 8 May 2024 UPDATE TO PRESENTATION Genesis Minerals Limited (Genesis) (ASX: GMD) refers to the announcement titled Corporate Presentation - ASPIRE 400 which was lodged with ASX on 6 May 2024. The announcement has been updated to include reference to the underlyi
Slide 2: ASPIRE 400 Global Roadshow May 2024
For personal use only ASPIRE 400 GLOBAL ROADSHOW MAY 2024
Slide 3: Important information
Important information Not an Offer and Not Financial Product Advice For personal use only 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 4: Corporate overview
Corporate overview Key metrics (ASX: GMD)1 Board For personal use only Shares on issue 1,122m2 Non-Executive Chairman Tony Kiernan Managing Director Raleigh Finlayson Share price A$1.70 Non-Executive Director Michael Bowen Market capitalisation A$1.9b Non-Executive Director Gerry Kaczmarek Cash and
Slide 5: 100% focused on Leonora, Western Australia
100% focused on Leonora, Western Australia For personal use only Simple - One production centre at Leonora Dominant position in the prolific Leonora District Flexible - Two mills supplied with baseload ore, multiple “top-up” sources; “right ore into right mill” strategy Progressive economics -
Slide 6: Plan on a page - ASPIRE
Plan on a page - ASPIRE PEOPLE PRODUCTION For personal use only VISION AND 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, op
Slide 7: Group production outlook
Group production outlook More ounces and less cost, year-on-year: ► 3Moz production over 10 years For personal use only Group production and cost outlook1,2 ► High confidence - 91% in Reserves 400 “ASPIRE 400” $2,400 ► Fully funded - Operating cash 350 350 325 flows, cash and bullion - A$181m3, 300
Slide 8: Growth in an ex-growth world
Growth in an ex-growth world Underpinned by large, high-grade Reserves, 100% Western Australian: For personal use only Industry-leading production growth1 Industry-leading Reserves2 Moz conservatism… upside 20% B 20 18.3% Spot Ramelius 2000 ~A$3,500/oz 18 Bellevue Gold price 1800 16 A$2,800/oz 15% 1
Slide 9: Leonora - Overview
Leonora - Overview The first 180-200: For personal use only Leonora production outlook1 200 150 Production (koz) 100 50 Simple plan 0 FY25 FY26 FY27 FY28 FY29 ► Transition Gwalia to “quality > quantity” A$45m A$35m A$40m A$40m A$55m ► Ramp-up new Admiral open pit to “fill the mill” Gwalia Ulysses Hu
Slide 10: Gwalia - Quality > quantity
Gwalia - “Quality > quantity” Prolific high-grade, long-life asset: For personal use only Priority is Hoover Decline 7.0g/t “Heart of Gold”… GENESIS’ MAIDEN GWALIA …blended with Mid-Levels UNDERGROUND ESTIMATES 4.0Moz 4.2g/t RESOURCES1 / 1.1Moz RESERVES1 Mid-Levels Reserves1 : Measured and Indic
Slide 11: Gwalia - Consistent, very high grade
Gwalia - Consistent, very high grade 130 years of history… never ending story… ► Consistent results in the “Heart of For personal use only Gold”; New high grade drill results from Heart of gold South West Branch include: 7m @ 329.0g/t 16m @ 12.5g/t 10m @ 18.7g/t 4m @ 25.7g/t ► Additional lod
Slide 12: Ulysses - To operate as one with Gwalia
Ulysses - To operate as one with Gwalia Plan unchanged from December 2022: For personal use only ► Surplus equipment / people at Gwalia… Two becomes one e.g. Trucks reduced to 11 (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 drills red
Slide 13: Laverton - Overview
Laverton - Overview Growth to +300: For personal use only Laverton production outlook1 150 125 100 Production (koz) 75 50 25 Simple plan 0 FY25 FY26 FY27 FY28 FY29 ► Re-start the mill late FY25 A$55m A$75m A$70m A$90m A$15m ► Initial baseload ore from Jupiter (adjacent to Tower Hill Jupiter Hub Brun
Slide 14: Laverton on the move
Laverton on the move Potential earlier re-start of the Laverton mill: For personal use only ► April accelerants (i.e. post five-year strategic plan) include: ► Accomodative A$ gold price: Water - Early licence approvals granted, significantly Stronger than planned cash position improved site wat
Slide 15: Jupiter - Bulk baseload ore on the doorstep of the mill
Jupiter - Bulk baseload ore on the doorstep of the mill Mining from March quarter 2025: For personal use only ► Reserve has almost doubled based on: Jupiter long section Drilling success Lower cost GMS mining - 350t excavator and 190t truck fleet (same as Tower Hill) ► Infrastructure in place, l
Slide 16: Hub - Teaspoon of sugar
Hub - Teaspoon of sugar New, high grade open pit, 50km north of Leonora: For personal use only ► “Swing player” - Strategic location; ore can flow east to Laverton or west to Leonora ► ~3 years high grade mining from FY25 - 3.4g/t, >80% oxide ► Open at depth - Underground potential is high: Down-dip
Slide 17: Tower Hill - One of a kind
Tower Hill - 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 ► One single open pit - Strike length +1km, 4,000oz per vertical metre ► Since acquis
Slide 18: Tower Hill - World class and growing
Tower Hill - World class and growing Massive deposit on the door-step: For personal use only ► Initial drilling into Tower Hill under Tower Hill long section Genesis - New high grade drill results include: 54m @ 1.9g/t including 23m @ 3.3g/t 40m @ 2.5g/t including 17m @ 4.1g/t 29m @ 2.7g/t inc
Slide 19: Tower Hill - Outstanding growth asset
Tower Hill - Outstanding growth asset Mine development starts FY27, first ore FY28: 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 mi
Slide 20: Tower Hill - Key milestones
Tower Hill - Key milestones Leonora is a well-understood jurisdiction - First ore FY28: For personal use only ► Project advancing towards production; Key milestones include: Rail - Shortening the line by 8km and away from town (community benefits include reduced noise and dust), alignment with sta
Slide 21: Can two become one?
Can two become one? In the shadows of giants: For personal use only Gwalia / Tower Hill gap ► Limited shallow ~1,100m drilling... 1.8Moz1 ► …despite being the Add drilling 10.7Moz1 best place to find ?Moz Add drilling ?Moz more gold 1. Endowment = Mineral Resources plus historical production estimat
Slide 22: ASPIRE 400 upside
“ASPIRE 400” Upside1 - NOT included in 10-year plan: 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 Underground Extensions (d
Slide 23: 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 24: APPENDIX A: Production estimates relating to CAGR
APPENDIX A: Production estimates relating to CAGR 2024 2025 2026 2027 2028 2029 For personal use only Newmont 6,294 7,292 7,767 8,341 7,838 7,478 ASX 100 Northern Star 1,676 1,874 1,977 2,124 2,170 2,139 ASX 100 Evolution 737 817 821 801 849 898 ASX 100 Perseus 506 511 453 618 559 417 Mid Capricorn
Slide 25: APPENDIX B: Peer Data
APPENDIX B: Peer Data For personal use only Proved Probable Reserve EV/Reserve tonnes grade oz tonnes grade oz tonnes g/t oz Market Cap Total Debt Cash EV (A$/oz) Source Bellevue 6,800,000 6.10 1,340,000 6,800,000 6.10 1,340,000 $1,983,821,019 $219,400,000 $21,541,000 $2,181,680,019 $1,628 ASX Annou
Slide 26: 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 25