Genesis Minerals Limited · ASX:GMD
Genesis Minerals — RRS Summer Series February 2019
24 slides from Genesis Minerals's conference presentation, Feb 12, 2019
Slide 1: February 2019 RRS Summer Series Ulysses Gold Project, WA
For personal use only February 2019 RRS Summer Series Ulysses Gold Project, WA Sydney, Tuesday 12th I Melbourne, Thursday 14th Growing and developing a new high-grade Australian gold project in a Tier-1 location 1
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements For personal use only Some statements in this report regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking statements includ
Slide 3: A Fast-Growing WA Gold Company Focused on Tier-1 Districts
A Fast-Growing WA Gold Company Focused on Tier-1 Districts ► Key focus: Ulysses Gold Project near Leonora, WA For personal use only ► Objective is to maximise the value of Ulysses for our shareholders ► Strategic Asset: high-grade gold – prime location – scale ► Scoping Study confirms low cost, fina
Slide 4: Key Projects: Focused on WA's Premier Gold Districts
Key Projects: Focused on WA’s Premier Gold Districts Ulysses: Emerging underground gold project For personal use only Ulysses and Barimaia: Discovery potential 4
Slide 5: Corporate Overview
Corporate Overview GENESIS MINERALS LIMITED SHAREPRICE CAPITAL STRUCTURE For personal use only Share Price 3.5c Shares on Issue 1,089.4 million Options on Issue 33.2 million Market Capitalisation (@ $0.035) ~A$38 million Top 50 shareholders ~55% Cash @ December 31, 2018 ~$5.4 million BOARD and MANAG
Slide 6: Project Summary
Ulysses – Project Summary Exceptional location: just 30km from Leonora – world-class mining district For personal use only ► ► High-grade, high quality JORC 2012 Mineral Resource: ► 7.1Mt @ 3.3g/t gold for 760,000oz – open in all directions ► High-grade portion of resource estimated to contain: ► 4.
Slide 7: A Rapidly Growing High-Grade Gold System
Ulysses – A Rapidly Growing High-Grade Gold System ► 5m @ 20.9g/t gold from 281m 4.62m @ 20.3g/t gold from 166.6m For personal use only ► ► 3m @ 26.9g/t gold from 182m ► 2m @ 40.3g/t gold from 192m ► 4.40m @ 15.7g/t gold from 119.0m ► 6.3m @ 7.8g/t gold from 170m ► 7m @ 7.2g/t gold from 131m ► 14m @
Slide 8: Long Section
Ulysses – Long Section For personal use only 8
Slide 9: Scoping Study
Ulysses – Scoping Study ► Highlights financially robust and technically low-risk gold project For personal use only ► Includes construction of ~0.8Mtpa processing facility Genesis’ strategy remains in place to ► Mineral Resources in the proposed Life-of-Mine (LOM) significantly grow the Mineral Reso
Slide 10: Ulysses East
Ulysses – Ulysses East For personal use only Target Zone Target Zone Target Zone Ulysses East ► Over 2.5km of strike to systematically drill test along Ulysses shear Ulysses is a large gold system and we have a clear pathway to expand the Resource well beyond its current defined boundaries 10
Slide 11: For personal use only
Ulysses – Ulysses East For personal use only Refer to GMD ASX Release dated 14 January 2019 11
Slide 12: Regional Exploration and Growth Potential
Ulysses – Regional Exploration and Growth Potential Ulysses exploration For personal use only ► potential has been overlooked for 15 years ► Wide-spaced aircore drilling completed in 2017 ► Numerous targets identified ► Follow-up programs planned Refer to GMD ASX Releases dated 12 April 2017 and 6 S
Slide 13: Regional Exploration – Orient Well NW
Ulysses – Regional Exploration – Orient Well NW Shallow oxide gold open For personal use only ► pit potential ► +2km of untested strike – systematic RC drilling required ► Significant potential to define Resources outside of the Ulysses Deposit Refer to GMD ASX Release dated 2 August 2018 13
Slide 14: Regional Exploration – Orient Well NW
Ulysses – Regional Exploration – Orient Well NW For personal use only Refer to GMD ASX Release dated 14 January 2019 14
Slide 15: Barimaia Gold Project – Overview
Barimaia Gold Project – Overview Strategic location in the Murchison Gold District of WA For personal use only ► ► 5km south-east of Ramelius’ Mt Magnet Gold Mine ► Genesis acquired 100% of Metallo Resources Pty Ltd in September 2017 ► Potential for large, low strip ratio, low cost porphyry-hosted g
Slide 16: Barimaia Gold Project – Project Summary
Barimaia Gold Project – Project Summary ► Located immediately south-east of a For personal use only suite of porphyry-hosted gold deposits being targeted by Ramelius’ current exploration: ► Geology and mineralisation has strong similarities (including geochemical signature being anomalous in Au-Bi-T
Slide 17: Barimaia Gold Project – McNabs Prospects
Barimaia Gold Project – McNabs Prospects For personal use only ► New geological interpretation based on east-west orientation of controlling structures ► Recent wide spaced drilling highlighted extensive gold system Refer to GMD ASX Releases dated 20 July and 21 August 2017, March 1 2018 and Februar
Slide 18: Barimaia Gold Project – Porphyry Corridor
Barimaia Gold Project – Porphyry Corridor ► Very large east-west trending For personal use only bedrock gold system ► Near-surface open pit potential ► Targeting porphyry – ultramafic corridor ► Open in all directions ► +4km of strike to be systematically drill tested 18
Slide 19: Barimaia Gold Project – In the Shadow of the Headframe
Barimaia Gold Project – “In the Shadow of the Headframe” For personal use only Hill 50 Mt Magnet Barimaia Creek 19
Slide 20: Catalysts for Shareholder Growth
Catalysts for Shareholder Growth For personal use only 2019 2020 Q1 Q2 Q3 Q4 H1 H2 Ulysses Ongoing Extensional, Exploration and Infill Drilling Resource Growth Mineral Resource Update Feasibility Work Ongoing Barimaia Exploration Drilling Resource Estimate 20
Slide 21: Summary – A Fast-Growing Australian Gold Company
Summary – A Fast-Growing Australian Gold Company Ulysses Gold Project For personal use only Objective is to maximise the value of the project for our shareholders Major resource upgrade completed Scoping Study completed confirming robust development pathway 2019 drilling commenced Outstanding Resour
Slide 22: Contact Details
For personal use only 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 22
Slide 23: Appendix – October 2018 Mineral Resource
Appendix 1 – October 2018 Mineral Resource October 2018 Mineral Resource Estimate 0.75g/t Cut-off above 200mRL, 2.0g/t Below 200mRL For personal use only Measured Indicated Inferred Total Type Tonnes Au Tonnes Au Tonnes Au Tonnes Au Au t g/t t g/t t g/t t g/t Ounces Oxide 6,000 2.1 143,000 1.6 146,0
Slide 24: Appendix – Scoping Study Details
Appendix 2 – Scoping Study Details Mine Design Parameters Decline gradient 1 in 7 For personal use only • The mine has been designed using a typical long hole open stope technique Decline profile 5.2m (W) x 5.5m (H) in a top down sequence for the Ulysses ore body. Stope Strike Length 45m - 85m (HR 6