Genesis Minerals Limited · ASX:GMD
Genesis Minerals — BMO Global Metals, Mining & Critical Minerals Conference 2025
22 slides from Genesis Minerals's conference presentation, Feb 18, 2025
Slide 1: Long Ore – ASPIRE 400; The Trusted Australian Gold Miner
For personal use only LONG ORE “ASPIRE 400”; THE TRUSTED AUSTRALIAN GOLD MINER BMO GLOBAL METALS, MINING & CRITICAL MINERALS CONFERENCE MIAMI, FLORIDA FEBRUARY 2025
Slide 2: 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 3: Corporate overview
Corporate overview Key metrics (ASX: GMD)1 Board For personal use only Shares on issue 1,129m1 Non-Executive Chairman Tony Kiernan Managing Director Raleigh Finlayson Share price A$3.19 Non-Executive Director Michael Bowen Market capitalisation A$3.63b Non-Executive Director Gerry Kaczmarek Cash and
Slide 4: People First
People First Ready and willing to deliver “ASPIRE 400”: For personal use only PEOPLE Attracting gold sector leaders… …Thinking and Acting Like Owners FIRST OPERATIONAL APPOINTMENTS - In pursuit of operational excellence ► ~88% of Genesis Matt Nixon employees are Genesis We mine safely - Protecting C
Slide 5: One production centre in Western Australia
One production centre in Western Australia Simple and flexible - One production centre: For personal use only Long ore - 230Mt Resources and 45Mt Reserves; Genesis has the gold Two mills - Ore flows west to Leonora or east to Laverton; Total 4.4Mtpa Baseload - Gwalia, Tower Hill deposits plu
Slide 6: Genesis is long ore
Genesis is long ore Underpinned by large, high-grade Resources and Reserves, 100% Western Australian: For personal use only Industry-leading Resources1 Industry-leading Reserves1 Industry-leading production growth1 Ora Banda Ora Banda Ramelius Bubble size = 20% Bubble size = 2000 600 Reserve grade (
Slide 7: Fully funded, base case 10-year plan
FULLY FUNDED, BASE CASE 10-year plan 3Moz production over 10 years More ounces and less cost, year-on-year: ► For personal use only Group production and cost outlook1,2,3 ► High confidence - 91% in Reserves 400 A$2,200 - 2,400 “ASPIRE 400*” $2,400 ► Declining AISC - As quantity / 350 quality of ounc
Slide 8: "ASPIRE 400" learning journey
“ASPIRE 400” learning journey +8Moz upside NOT included in 10-year plan1: For personal use only First ounces: NOW 5 years 10 years Tower Hill Open Pit Resource (optimised pit at A$2,800/oz) 0.4Moz2 Tower Hill Underground Resource (drill tested to only 450m) 0.2Moz1 Westralia Resource (re-evaluation
Slide 9: Accelerated organic growth strategy
Accelerated organic growth strategy First step - Hot start at Laverton: For personal use only Mill re-started in October 2024 (6 months early), smooth ramp-up: It’s pouring gold at Laverton First gold poured in November 2024 Mill already running at 3.0Mtpa nameplate Initial ore supply underp
Slide 10: Gwalia mine - "Quality > quantity"
Gwalia mine - “Quality > quantity” Prolific high-grade, long-life asset: For personal use only ► 7.0g/t “Heart of Gold”…blended with 4.2g/t Mid-Levels ► Followed by Rowe Decline 4.4g/t GENESIS’ MAIDEN GWALIA UNDERGROUND ESTIMATES 4.0Moz (A$120m growth capital) RESOURCES1 / 1.1Moz RESERVES1 Mid-Level
Slide 11: Ulysses mine - At one with Gwalia
Ulysses mine - At one with Gwalia Operational strategy unchanged from December 2022: For personal use only ► Surplus equipment / people at Gwalia… Two becomes one e.g. Trucks reduced to 10 (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
Slide 12: Jupiter - Reliable baseload on the doorstep of the Laverton mill
Jupiter - Reliable baseload on the doorstep of the Laverton mill Infrastructure in place, low capital start up: For personal use only ► Near-term mill feed, margins boosted by: Jupiter long section Application of lower cost GMS mining fleet Drilling success ► Sweeteners - Two high grade parallel
Slide 13: Tower Hill development - One of a kind
Tower Hill development - 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 - 1km north of Gwalia ► Single open pit - Strike +1km, 4,000ozpvm ► 7-year mine life; 9 years of milling,
Slide 14: Tower Hill development - First ore FY28
Tower Hill development - One of a kind First ore FY28: For personal use only FY25 FY26 FY27 FY28 Sep Q Dec Q Mar Q Jun Q Sep Q Dec Q Mar Q Jun Q Dec H Jun H Dec H STAGE 1 OPEN PIT Design Complete T echnical Studies & Assessments Complete Section 18 Approval Complete Clearing Permit Approval Submitte
Slide 15: Making Westralia great again
Making Westralia great again Re-evaluating Westralia as a bulk open pit mining opportunity: For personal use only ► Significant +1Moz deposit just 15km from Laverton mill ► Continuously mineralised for more than 4km; Open to the north and at depth Long section - Multiple high grade ore shoots plungi
Slide 16: Making Westralia great again
Making Westralia great again Open pit Resource anticipated March / April 2025: For personal use only Genesis: Previous: ► Mineralisation interpreted as a bulk package Opportunity ► Mineralisation interpreted selectively ► Open pit mining method Opportunity ► Underground mining method ► Low-cost Gene
Slide 17: Capital allocation
Capital allocation Progressive: For personal use only PRIORITIES Now… …“ASPIRE 400” Robust balance sheet ASPIRE “THIRDS” Growth projects NON-NEGOTIABLES Near-mine exploration Community contributions Dividends 1/3 TO GROWTH Buybacks / additional dividends EXCESS CASH FLOW 1/3 TO SHAREHOLDERS Social p
Slide 18: Ready set grow
Ready set grow For personal use only ► We are an aspirational Australian gold house, 100% focused on Leonora / Laverton ► We have the people, assets and balance sheet to deliver “ASPIRE 400” Sustainable, high-quality production and earnings growth ► We play the “long game”: Long ore; Studies con
Slide 19: APPENDIX A - Plan on a page
APPENDIX A - Plan on a page ASPIRE PRODUCTION For personal use only VISION AND PEOPLE 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 envi
Slide 20: APPENDIX B - Resources and Reserves
APPENDIX B - Resources and Reserves* 2024 Mineral Resource estimate 2024 Ore Reserve estimate For personal use only Measured Indicated Inferred Total Proved Probable Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes G
Slide 21: APPENDIX C - Peer data
APPENDIX C - Peer data Production CAGR metrics For personal use only FY24A FY25E FY26E FY27E FY28E FY29E Evolution EVN 717 744 768 803 794 788 ASX 100 Newmont NEM 6317 6336 6098 6267 6284 6705 ASX 100 Northern Star NST 1645 1693 1917 2105 2245 2378 ASX 100 Bellevue BGL 96 152 204 228 251 251 Peers -
Slide 22: 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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