Slide 1: Mining Indaba, Cape Town
Mining Indaba, NOT FOR DISTRIBUTION Cape Town February 2026 .
Slide 2: Important Notice
“NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES” Important Notice This presentation is provided by Genmin Limited ACN 141 425 292 (Genmin or the Company). Statements in this presentation are made only as at the date of this presentation and the information in this presentat
Slide 3: Important Notice
“NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES” Important Notice Acknowledgement Persons who access, receive, review or attend this presentation are required to inform themselves of, and comply with, all of the above restrictions and prohibitions and none of Genmin or the
Slide 4: Our Purpose
Our Purpose Develop Baniaka as a sustainable, low-cost, multi- generational producer of greener, high-quality iron ore (≈64-66% Fe), leveraging existing infrastructure Long-term rail agreement signed with Long-term port agreement signed provision to scale capacity with provision to scale capacity
Slide 5: Value Proposition
Value Proposition • Proven leadership and track record of delivery through Executive Chair, Greg Lilleyman , including the development and construction of 14 mines, 6 airports, 3 power stations, 3 ports and 800km of rail • High-quality, greener iron ore – an important feedstock in the transition to
Slide 6: Positioned to Capture Rising Premiums
Positioned to Capture Rising Premiums 65% Fe - 62% Fe Price Premium Forecast Wood Mackenzie AME 40 35 • Market forecasts show the 65% Fe vs 62% Fe 65% Fe - 62% Price Premium - US$/t spread widening as steel mills prioritise 30 lower CO₂ intensity 25 • Transition to low-emission “green steel” 20 acce
Slide 7: Baniaka Project Overview
Baniaka Project Overview • Only 21% of known iron ore strike diamond drill tested to date Baniaka Mineral Resource • >90km of potential resource upside • Total project development spend to date = US$45.1M • Binding port, rail and power agreements signed • Mine plan focused on shallow, free-dig ore •
Slide 8: Baniaka
• Starter 5Mtpa project delivers (after tax): . PFS 2022 NPV(8) US$391M (AU$601M1) Baniaka 38% IRR for initial 10-year mine life Payback period 2.7 years • Scalable: initial 5Mtpa, planning for 10Mtpa, aspirations for 20Mtpa • ESG focus: clean, renewable hydroelectricity no wet storage tailings dam
Slide 9: PFS 2022 Dashboard
PFS 2022 Dashboard Capex Opex Cost Area US$M Cost Area US$ per dmt Accommodation village & processing facility Mining (in pit) & ex-pit material movements 12.20 12.0 site preparation Processing 4.15 Processing facility 82.0 G&A Costs 1.30 Non-process infrastructure 21.7 Mine Gate Sub-Total 17.65 Pow
Slide 10: Price Leverage
Price Leverage Post Tax NPV (US$M) WACC Price per IRR dmt1 % 8% 10% 12% US$100 446 388 338 48% US$110 671 589 519 63% US$120 895 790 700 77% 1 Assumes flat iron ore price over life of mine
Slide 11: Value Initiatives – reduce opex
Value Initiatives – reduce opex
Slide 12: Corporate Snapshot
Corporate Snapshot Capital Structure | ASX : GEN Proven board & leadership, highly experienced in Item Unit Number Africa & iron ore Shares M 3,457.3 Options @ 1.5c expiring 31/12/27 M 1,359.1 Options @ 20c expiring 31/3/26 M 116.5 Options @ 44.2c expiring 7/3/26 M 5 Performance Rights M 4.6 Fully D
Slide 13: Stable Investment Environment
Stable Investment Environment • Prosperous African nation with the second highest GDP per capita in Africa • Peaceful Presidential, Parliamentary and Municipal elections throughout 2025 • Strong endorsement of President Oligui Nguema by international leaders • Decades of mining/oil production with T
Slide 14: Pathway to Baniaka FID
Pathway to Baniaka FID • Closing project funding is the last milestone for a final investment decision (FID) • One of the iron ore industry’s most experienced iron ore executives, Greg Lilleyman, has transitioned to Executive Chair to lead the Company through this phase • Structured project funding
Slide 15: LoI Signed for up to 60% Project Financing with SHICO
LoI Signed for up to 60% Project Financing with SHICO • Sino-Hunan International Engineering and Development Co., Ltd (SHICO) executes a Letter of Intent expressing a formal intention to become a cornerstone project participant and offtake partner for Genmin’s Baniaka Iron Ore Project in Gabon. • Pr
Slide 16: PowerChina Collaboration
PowerChina Collaboration • Tier 1 project delivery support • 10+ years experience in Gabon designing and constructing major infrastructure projects, including Grand Poubara Hydropower Station • Lower CAPEX EPC proposals received for Haul Road, Transmission Line and Accommodation Village • PowerChina
Slide 17: Future Growth Optionality
Future Growth Optionality Phase 2 – 10Mpta • Intention to expand Baniaka to 10mtpa as soon as practically possible, subject to appropriate feasibility study assessment • Work required to increase rail and port capacity, but should result in significant improvements in efficiencies/costs Magnetite at
Slide 18: Thank you.
Thank you. Contact us London House, Suite 3, Level 8 216 St Georges Terrace, Perth WA 6000 ir@genmingroup.com +61 8 9200 5812 | ir@genmingroup.com A white hexagon with black text and a check mark