Genesis Minerals Limited · ASX:GMD

Genesis Minerals — Merger or Acquisition (July 2026)

51 slides from Genesis Minerals's merger presentation, Jul 14, 2026

  1. Slide 1: Genesis and Vault to Merge

    Genesis and Vault to Merge LOGICAL COMBINATION TO CREATE A NEW AUSTRALIAN GOLD MAJOR 14 JULY 2026 NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES

  2. Slide 2: Important notices and disclaimers

    Important notices and disclaimers The following notices and disclaimers apply to this presentation (Presentation) and you are therefore advised to read this Responsibility for information carefully before reading or making any other use of this Presentation or any information contained or referred t

  3. Slide 3: Important notices and disclaimers

    Important notices and disclaimers Not an offer, and not investment or financial advice (cont.) Any forward-looking statements in this Presentation are based on information available to Genesis and Vault as at the date of Investors should consider the appropriateness of all the information available

  4. Slide 4: Important notices and disclaimers

    Important notices and disclaimers Financial Data (cont.) JORC Code Investors should be aware that this Presentation contains pro-forma financial information and certain other financial information It is a requirement of the ASX Listing Rules that the reporting of (amongst other things) Exploration R

  5. Slide 5: Important notices and disclaimers

    Important notices and disclaimers Genesis Exploration Results, Mineral Resources and Ore Reserve Estimates, and Production Targets (cont.) Pro-forma Mineral Resources, Ore Reserves and production profile The information in this Presentation that relates to Production Targets for Genesis’ projects is

  6. Slide 6: 1. Transaction Overview

    1. Transaction Overview

  7. Slide 7: Creating a new Australian gold major

    Creating a new Australian gold major Logical consolidation of complementary assets in the Leonora-Laverton district ~A$12.6bn pro-forma Market Cap1 Merged Group would have 3 production centres across Western Australia Top 3 gold miner in Australia and Top 20 globally1 1 ~600-700koz2 pa production al

  8. Slide 8: Transaction summary

    Transaction summary Merger of Genesis and Vault, to be implemented via a Vault scheme of arrangement Vault shareholders to receive 0.7629 new Genesis shares and A$0.475 cash for every Vault share held1, implying (based on market prices at the time of i. the announcement of the Genesis Proposal) a va

  9. Slide 9: Transaction rationale

    Transaction rationale Creation of a new Australian  Creation of a new Australian gold major, with pro-forma Ore Reserves of 9.4Moz1, and Mineral Resources of 33.6Moz1 gold major, focused on the  Merged Group would have an immediate pro-forma production of ~600-700kozpa2, positioning it as a top-3

  10. Slide 10: Leadership and Governance

    Leadership and Governance Merged Group Board and management strongly aligned with shareholders Merged Group Board Merged Group Board of Directors Genesis  Experienced Board of 7 – 4:3 split between Genesis:Vault Vault  Raleigh Finlayson will transition to Managing Director of the Merged Group, Rus

  11. Slide 11: Vision and Values

    Vision and Values Genesis Vision & Values Vault Strategic Pillars and Code of Conduct VISION AND PEOPLE VALUES FIRST Merged Group Vision & Values “The trusted Australian We mine safely - Protecting gold miner - Progressive, our people, our environment, high quality, +500koz pa*” our communities “Bot

  12. Slide 12: 2. Transaction Rationale

    2. Transaction Rationale

  13. Slide 13: Creating a new ~600-700kozpa Australian major gold producer

    1 Creating a new ~600-700kozpa Australian major gold producer With strong growth pipeline, backed by an enviable mineral endowment Mineral Resources (Moz)1,2 Ore Reserves (Moz)1,2 FY26 Production (kozpa)1,3 Market Capitalisation (A$bn)1,4 Northern Star 89 Northern Star 28 Northern Star 1,543 Norther

  14. Slide 14: Consolidation of complementary assets in Leonora-Laverton district

    1 Consolidation of complementary assets in Leonora-Laverton district Significant unique savings driven by proximity of complementary assets (KOTH ~35km from Tower Hill) Leonora-Laverton only GMD VAU Merged Group West East 274Mt @ 2.1g/t for 157Mt @ 1.2g/t for 431Mt @ 1.8g/t for Mineral Resource1 18.

  15. Slide 15: Becoming the leading Leonora-Laverton gold producer

    1 Becoming the leading Leonora-Laverton gold producer ~400-500koz pa in one district to become one of Australia’s largest gold operations Top 20 Australian gold operations by FY25A gold production (koz)1 Underpinned by the low cost KOTH processing facility3 Further growth potential through KOTH 60 P

  16. Slide 16: Combined operating portfolio - 32Moz Resource in Western Australia

    1 Combined operating portfolio - 32Moz Resource in Western Australia Leonora-Laverton, Kalgoorlie, Deflector Leonora Laverton Kalgoorlie Deflector Combined FY27 outlook ~390koz - 420koz Combined FY27 outlook ~90koz Combined FY27 outlook ~75koz - 82koz Combined FY27 outlook ~75koz – 78koz 5.7Moz Rese

  17. Slide 17: Compelling and unique synergy potential

    2 Compelling and unique synergy potential Potential to unlock ~A$2.0bn in synergies1, including ~A$1.5bn unique synergies2 Capital Savings Corporate & Tax savings Total  Enabling Tower Hill ore to be processed through KOTH mill,  Corporate cost savings estimated by Genesis at ~A$120 million, Undis

  18. Slide 18: Other potential synergies and operational flexibilities

    3 Other potential synergies and operational flexibilities Numerous other potential synergies and operational flexibilities not yet quantified  Subject to economic conditions, the Merged Group would have the flexibility to utilise or expand the operational 1.4Mtpa Gwalia Mill Infrastructure  Potent

  19. Slide 19: KOTH Open Pit higher grade streaming optionality

    3 KOTH Open Pit higher grade streaming optionality Potential to separate KOTH OP high grade (0.9g/t) and low grade (0.3g/t) ore  Ore Reserve estimate presents significant higher-grade streaming optionality as recently demonstrated1  Higher grade ore to be preferentially treated through the process

  20. Slide 20: Tower Hill is transformational for KOTH and Leonora

    3 Tower Hill is transformational for KOTH and Leonora Potential for KOTH to become a +300koz pa operation, with total Leonora production of ~500kozpa1  Potential for Tower Hill to displace ~2.0Mtpa of KOTH Open Pit low grade ore (2.0g/t vs 0.3g/t)2  With expansion of the KOTH mill to ~8.0Mtpa, thi

  21. Slide 21: Another logical combination of Kalgoorlie assets

    3 Another logical combination of Kalgoorlie assets Mount Monger mill unlocks Bardoc free-milling ore (1.3Moz1 of free-milling Resource within Bardoc tenure)  Combined Resource in Kalgoorlie of 85Mt @ 2.5g/t for 6.7Moz2  Mount Monger: 35Mt @ 3.4g/t for 3.8Moz2  Bardoc: 50Mt @ 1.8g/t for 2.9Moz2 

  22. Slide 22: Pro-forma Merged Group production profile (pre-optimisation)

    4 Pro-forma Merged Group production profile (pre-optimisation) An immediate ~600-700koz1 pa producer with significant growth and optimisation opportunities Merged Group gold production outlook (pre-optimisation) (koz)1,2,3  Merged Group growing production profile of ~600-700koz pa  Lower capital i

  23. Slide 23: Strong balance sheet to fund significant growth opportunity

    4 Strong balance sheet to fund significant growth opportunity A$611m1 in pro-forma net cash, plus strong cash generation to fund growth opportunities  Long ore, with ~25Moz of conversion opportunities (Resources not in Reserves)  Enviable growth projects - MergeCo has three +1Moz / +1g/t open pits

  24. Slide 24: Freeing up Laverton plant capacity

    4 Freeing up Laverton plant capacity Accelerates development of the underexplored Laverton assets  Potential for KOTH mill to liberate Laverton capacity – Chatterbox long Section - Significant room for growth e.g. potential for Bruno Lewis and ABCDK to be processed at KOTH vs Laverton  Enables acc

  25. Slide 25: Accelerating development - Beasley Creek

    4 Accelerating development - Beasley Creek First cab off the rank - Potential future baseload feed for the Laverton mill  Total Focus Laverton Resource 3.9Moz @ Beasley Creek long Section - First Cab off the Rank3 1.7g/t and Reserves 591koz @1.2g/t1,2  Beasley Creek Resource 430koz @ 2.0g/t and Re

  26. Slide 26: High grade pedigree - Gwalia Uppers

    4 High grade pedigree - Gwalia Uppers High-grade, long life asset, “Quality / Quantity”  Drilling is underway in the forgotten “uppers” Gwalia long section - Highlighting drill results in the uppers1 ~300-1,000m below surface, results include:1  27.6m @ 17.6g/t (0.6m void)  8.3m @ 43.2g/t (3.2m v

  27. Slide 27: Building on success – KOTH UG

    4 Building on success – KOTH UG Chasing the contact and emerging new zones to drive mine life growth1 A ► Reserve Conversion Drilling  Infill drilling to support Reserve conversion with established mining fronts (West bulk, Central & Imperial) B ► Resource Definition B  Extensions to established m

  28. Slide 28: Building on success – Darlot

    4 Building on success – Darlot High-grade continuity in new mining fronts driving mine life upside  Darlot UG - Exploration success Warne Zone within a prolific, yet inadequately Darlot Active Mining Areas with Potential New Chappell/Pipeline Area1 tested mine  Warne Zone  Shallow and proximal to

  29. Slide 29: Sugar Zone - Approaching high-grade re-start

    4 Sugar Zone - Approaching high-grade re-start 1.2Moz1 Resource and 0.4Moz1 Reserves Sugar Zone project in Ontario, Canada High confidence Ore Reserve with conversion and discovery potential  2.3Mt at 5.4 g/t for 389,000 ounce Ore Reserve underpinned by an additional 114,000 drill metres, and incor

  30. Slide 30: Filling the vacuum

    4 Filling the vacuum Merger would create a unique Top 3 Australian gold producer, with production 100% based in WA Pro-Forma Market Capitalisation (A$bn)1,3,4 FY26 Production (koz)2,3,4 31.7 1,543 26.0 957 Filling the A$18bn vacuum 12.6 Joining the 6222 +600koz club 7.9 7.5 365 365 6.1 6.4 337 5.0 2

  31. Slide 31: A globally significant gold producer

    4 A globally significant gold producer Merged Group to be a globally significant gold company with enhanced investment appeal Top 20 Global Gold Producers by Market Cap (A$bn)1,2 Average Daily Trading Value (A$m)3 Newmont 148.8 Agnico Eagle 111.0 Barrick Mining 36 94.5 AngloGold Ashanti 70 61.7 Gold

  32. Slide 32: Potential benefits to shareholders

    Potential benefits to shareholders Transaction is a genuine win-win for all shareholders Benefits for both shareholders  Creates a ~600-700koz1 pa Australian Top 3 gold producer, with pro-forma market capitalisation of A$12.6bn2, 33.6Moz Mineral Resources and 9.4Moz Ore Reserves3  Consolidation of

  33. Slide 33: Re-building the foundations

    Re-building the foundations THE LAUNCH - TARGETED JUNE HALF 2027 STRATEGIC REVIEW STRATEGIC PLAN LAUNCH – TARGETED JUNE HALF 2027  Optimisation of ore and mill, e.g.:  Outlook to be provided:  Tower Hill processing through expanded KOTH mill  Production  Accelerate development of Focus Laverton

  34. Slide 34: Indicative timetable

    Indicative timetable Transaction completion targeted in November 2026 Event Indicative Timing First Court Hearing August / September 2026 Scheme Booklet despatched to Vault shareholders August / September 2026 Scheme Meeting September / October 2026 Second Court Hearing October / November 2026 Effec

  35. Slide 35: Appendix

    Appendix

  36. Slide 36: Appendix A: Transaction details

    Appendix A: Transaction details Transaction Structure  Merger of Genesis and Vault via a Vault scheme of arrangement (Scheme), under which Genesis will acquire 100% of the fully paid ordinary shares in Vault  Under the Scheme, Vault shareholders will receive 0.7629 new fully paid ordinary shares i

  37. Slide 37: Appendix B: Snapshot of the Merged Group

    Appendix B: Snapshot of the Merged Group Unit Genesis Vault Pro Forma Merged Group Share Price (as at 3 July 2026) A$ / share 6.29 4.56 6.29 Shares Outstanding1 m 1,196 1,053 1,999 Market Capitalisation2 A$m 7,520 4,802 12,574 Cash & Equivalents (30 June 26)3 A$m 520 842 1,362 3 Debt (30 June 26) A$

  38. Slide 38: Appendix C: Genesis Mineral Resources

    Appendix C: Genesis Mineral Resources Measured Indicated Inferred 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's) (g/t Au) (000's) (000's) (g/t Au) (000's) Leonora Gwalia Total - - - 27,000 4.4 4,

  39. Slide 39: Appendix C: Genesis Mineral Resources

    Appendix C: Genesis Mineral Resources Measured Indicated Inferred 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's) (g/t Au) (000's) (000's) (g/t Au) (000's) Magnetic LJN4 (Open Pit) - - - 26,000 1.

  40. Slide 40: Appendix C: Genesis Ore Reserves

    Appendix C: Genesis Ore Reserves Proven Probable Total 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's) (g/t Au) (000's) Leonora Gwalia - - - 7,200 5.0 1,200 7,200 5.0 1,200 Tower Hill - - - 17,000 2.0 1,100 17,000 2.0 1,10

  41. Slide 41: Appendix C: Genesis Ore Reserves

    Appendix C: Genesis Ore Reserves Proven Probable Total 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's) (g/t Au) (000's) Magnetic LJN4 (Open Pit) - - - 14,300 1.6 730 14,300 1.6 730 LJN4 (Underground) - - - 2,100 2.9 190 2,

  42. Slide 42: Appendix D: Vault Mineral Resources

    Appendix D: Vault Mineral Resources Measured Indicated Inferred Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Deposit (000's) (g/t) (000's) (000's) (g/t) (000's) (000's) (g/t) (000's) (000's) (g/t) (000's) Leonora Operations KOTH OP 5,234 1.0 160 92,053 0.9 2,

  43. Slide 43: Appendix D: Vault Ore Reserves

    Appendix D: Vault Ore Reserves Proven Probable Total 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's) (g/t Au) (000's) Leonora Operations KOTH OP 7,415 0.5 130 102,796 0.6 2,068 110,211 0.6 2,198 KOTH UG - - - 1,919 1.9 114

  44. Slide 44: Appendix E: Peer Metrics - Production & R&R

    Appendix E: Peer Metrics - Production & R&R Mineral Resources Ore Reserves FY26 Production Company Actual3 / Guidance Source1 1,2 1,2 (Moz) (Moz) (Midpoint) (Koz)1 Mineral Resources and Ore Reserves inclusive of Magnetic Resources' Mineral Resources and Ore Reserves estimates (refer to ASX release t

  45. Slide 45: Appendix E: Peer Metrics - Production & R&R

    Appendix E: Peer Metrics - Production & R&R Mineral Resources Ore Reserves FY26 Production Company Actual3 / Guidance Source1 1,2 1,2 (Moz) (Moz) (Midpoint) (Koz)1 Mineral Resources and Ore Reserves as at 30 June 2025 (refer to ASX release titled “2025 Mineral Resource Estimate and Ore Reserves” dat

  46. Slide 46: Appendix E: Pro-Forma Merged Group Production

    Appendix E: Pro-Forma Merged Group Production FY27 Production FY28 Production Production Hub FY26A Production2 Source1 Outlook Outlook Leonora (KOTH) – Vault 180 n/a n/a Mount Monger – Vault 79 n/a n/a Deflector – Vault 78 n/a n/a FY26 reported actual production for Genesis and Vault based on Genesi

  47. Slide 47: Appendix E: Peer Metrics - Market Capitalisation

    Appendix E: Peer Metrics - Market Capitalisation Last Close (A$) as at Shares Market Capitalisation Company Ticker Net Cash / (Debt) Source1 3 July 2026 (m) (A$bn) Genesis Minerals Limited2 GMD.ASX 6.29 1,142 7.5 3203 Vault Minerals VAU.ASX 4.56 1,035 4.8 8423 Regis Resources Limited RRL.ASX 6.63 75

  48. Slide 48: Appendix E: Peer Metrics - Global Market Capitalisation

    Appendix E: Peer Metrics - Global Market Capitalisation Last Close (A$) as at Shares Market Capitalisation Company Ticker Source1 3 July 2026 (m) (A$bn) Newmont Corporation NYSE:NEM 139.98 1,063 148.8 Agnico Eagle Mines Limited NYSE:AEM 221.94 500 111.0 Barrick Mining Corporation TSX:ABX 56.40 1,676

  49. Slide 49: Appendix E: Peer Metrics - LTM Mill Throughput as at 31-Mar-26

    Appendix E: Peer Metrics - LTM Mill Throughput as at 31-Mar-26 LTM Throughput LTM Processing Implied Unit Cost Gold Project Company Source (kt) Cost (A$m) (A$/t processed) KCGM2 Northern Star Resources Limited 11,103 469 42 Quarterly Activities Report (29 Apr 2026) Tropicana (100%) Regis Resources L

  50. Slide 50: Appendix E: Peer Metrics - Mineral Resources (Undeveloped gold project)

    Appendix E: Peer Metrics - Mineral Resources (Undeveloped gold project) Resource Grade Company Ticker Project Source (Moz Au) (g/t Au) Genesis Minerals Genesis Mineral Resources as at 31 December 2025 (refer to ASX release titled "Resources total 18.9Moz, GMD Tower Hill 1.6 2.5 Limited including 4.4

  51. Slide 51: Contact Details

    Contact Details: Contact Details: Troy Irvin Len Eldridge Corporate Development Officer Corporate Development Officer phone: +61 8 6323 9050 phone: +61 8 6313 3800 email: investorrelations@genesisminerals.com.au email: info@vaultminerals.com www.genesisminerals.com.au www.vaultminerals.com

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