Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Investor Presentation (November 2023)
20 slides from Genesis Minerals's investor presentation, Nov 27, 2023
Slide 1: Ready Set Grow
For personal use only READY SET GROW Assets and people in place for +300,000 ounces per annum CORPORATE PRESENTATION 27th November 2023
Slide 2: Important information
Important information IMPORTANT: YOU MUST READ THE FOLLOWING SECTION BEFORE CONTINUING 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 c
Slide 3: Important information: Competent Person Statements
Important information Competent Person Statements Mineral Resource and Ore Reserve estimates for Genesis has been extracted from Genesis' ASX announcement of 3rd July 2023 titled “Completion of the Leonora acquisition elevates Genesis to a leading Australian gold house" available at www.genesisminer
Slide 4: Corporate overview
Corporate overview Key metrics (ASX: GMD)1 Board Shares on issue 1,087m2 Non-Executive Chairman Tony Kiernan Managing Director Raleigh Finlayson Share price A$1.70 For personal use only Non-Executive Director Michael Bowen Market capitalisation A$1.85b Non-Executive Director Gerry Kaczmarek Cash and
Slide 5: Rapid evolution
Rapid evolution From concept to production in just 2 years SEPTEMBER 2021 APRIL 2022 JULY 2022 APRIL 2023 1st JULY 2023 For personal use only NEW MANAGEMENT “Open for business” strategy unveiled Dacian Gold takeover bid announced Purchase of St Barbara’s Leonora assets announced GOLD PRODUCER GOLD E
Slide 6: A new and growing Australian gold house
A new and growing Australian gold house 100% focused on Leonora: ► 3.9Moz Reserves and 15.0Moz Resources Dominant position in the prolific Leonora District For personal use only ► A$186m cash and bullion1; no bank debt, no hedging ► 300koz pa base case “margin > ounces” plan: FIRST 200 (Leonora mi
Slide 7: Sustainable growth to +300koz pa: Overview
Creation of the central player in the tier-one Leonora District Sustainable growth to +300koz pa: Overview 300 Key mines / projects • Gwalia For personal use only • Admiral • Ulysses 250 + Tower Hill open pit • Tower Hill • Jupiter + Jupiter open pit • Redcliffe + Laverton stockpiles Longer-term ups
Slide 8: Filling the Leonora mill
8 Add Ulysses 350,000 300,000 250,000 200,000 150,000 100,000 50,000 GMD first quarter of ownership 0 Leonora mill underutilised since 2015; New Admiral open pit fast-tracked to fill the mill over the next ~2 years Jun Q 2025 Mar Q 2025 Add Admiral Dec Q 2024 Sep Q 2024 Jun Q 2024 Mar Q 2024 Dec Q 2
Slide 9: Ramping-up Admiral open pit
2. Ramping-up Admiral open pit New, shallow, high grade 1.6g/t open pit: Admiral - GMS ramping-up ► ~40km trucking distance to the 1.4Mtpa Leonora mill For personal use only ► Genesis Mining Services (GMS, Genesis’ in-house open pit mining arm) ahead of schedule ► First ore delivered to the mill in
Slide 10: Transitioning Gwalia to high grade, selective mining
3. Transitioning Gwalia to high grade, selective mining Prolific high-grade, long-life asset: ► Life of mine plan underwritten by Gwalia - Long section 5,600oz per vertical metre For personal use only ► Transitioning to “quality > Past 15 years quantity” ~2.8Moz produced Re-focus on true “heart of
Slide 11: Ulysses mine ready for development from March quarter
4. Ulysses mine ready for development from March quarter 2024 Ulysses to operate as one with neighbouring Gwalia mine: ► Surplus equipment and people at Two becomes one Gwalia… For personal use only Gwalia Ulysses full scale2 Combined Annual mining rate Mtpa 0.7 - 0.8 0.6 - 0.7 1.3 - 1.5 e.g. Trucks
Slide 12: Advancing Tower Hill
5. Advancing Tower Hill Forgotten asset in the shadow of Gwalia: Harbour Lights ► Infrastructure-rich, just 2km north of Gwalia 0.7Moz Resource For personal use only Airport ► Shallow single open pit - Resources 20.7Mt @ 1.8g/t for Leonora 1.2Moz, Reserves 9.7Mt @ 1.8g/t for 560koz Regional Hospital
Slide 13: Advancing Tower Hill: Grade, scale, simplicity
5. Advancing Tower Hill Industry leader - Grade, scale, simplicity: Peer Resource grades (g/t) - Western Australian, single open pit deposits only For personal use only 2.0 >1Moz Resources 1.8 1.6 1.4 1.2 Grade (g/t) 1.0 0.8 0.6 0.4 0.2 0.0 Tower Hill Tropicana Rebecca Diucon Gruyere Karridale Brolg
Slide 14: Advancing Tower Hill: High grade open pit
5. Advancing Tower Hill High grade open pit with outstanding growth credentials: Tower Hill - Long Section Tower Hill - Cross Section For personal use only ► Average drill intercept 35m @ 1.8g/t ► Team GMS - Opportunity for low-cost, bulk ► Endowment 4,000oz per vertical m mining applying first-hand
Slide 15: Mine life leader
Mine life leader Large Resources and Reserves, long mine life: Reserves and Resources v FY24e production1 For personal use only 1. Extracted from Canaccord Genuity Research 7th November 2023, GMD 15
Slide 16: Ready set grow
Ready set grow ► Genesis is a new Australian gold house, 100% focused on Leonora For personal use only ► Genesis is targeting sustainable, high-quality earnings with capital-light production growth ► Genesis has the management capability, financial flexibility and investor mandate to restore and gro
Slide 17: Appendix A: April 2022 Vision
Appendix A: April 2022 VISION1 Assets and people NOW in place to deliver +300koz pa: VISION M&A COMMODITY JURISDICTION SCALE PROJECT MINING AND GEOLOGY & COSTS/ STAGE METALLURGY MINE LIFE FINANCIAL For personal use only “The premium Australian Discipline first - Track record gold producer - of sensi
Slide 18: Appendix B: Group Ore Reserves
Appendix B: Group Ore Reserves Proved Probable Total Deposit Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces For personal use only (000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (000's) (g/t Au) (000's) Genesis Gwalia (1,6) 2,100 5.1 350 11,000 5.0 1,700 13,000 5.0 2,000 Aphrodite (1,
Slide 19: Appendix C: Group Mineral Resources
Appendix C: Group Mineral Resources Measured Indicated Inferred Total Deposit Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (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) Genesis For personal use only Gwalia Deeps
Slide 20: 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
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