Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Corporate Update (March 2025)
32 slides from Genesis Minerals's corporate update, Mar 6, 2025
Slide 1: Laverton Site Visit
LAVERTON SITE VISIT “ASPIRE 400”; THE TRUSTED AUSTRALIAN GOLD MINER LAVERTON, WESTERN AUSTRALIA 6TH MARCH 2025
Slide 2: Important information
Important information Not an Offer and Not Financial Product Advice 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 wire services or dist
Slide 3: Vision and Core Values
Vision and Core Values 0 =m fe) ~ A Accountable We are owners of our commitments (@) Sustainable Responsible Actions, Positive Impact QTE AN ay Peop e First Protect, Respect, Support {e) clits Integrity Doing the right thing even when no-one is watching Le Resu {s We execute, We deliver, We grow Ee
Slide 4: Acknowledgment of Country
Acknowledgment of Country Genesis acknowledges the Nyalpa Pirniku people who are the Traditional Owners of the lands on which we meet today. We recognise their continuing connection to lands, waters and communities and pay our respect to the Elders past, present and emerging. 4
Slide 5: One production centre in Western Australia
One production centre in Western Australia Simple and flexible - One production centre: ▪ 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 plus “top-ups” Progress
Slide 6: 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: ► 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 / quality 350 of ounces increases 350 325 3
Slide 7: Laverton - 5 year production outlook
Laverton - 5 year production outlook Growth to +300: As released in March 2024¹ ► Total Laverton production Laverton production outlook2: FY25 upgraded³ following re-start of Laverton mill 6 months early ~400koz over first 5 years 150 ► Progressive ramp-up after mill re- 125 start in late FY25, risi
Slide 8: Disciplined M&A, exemplary re-start at Laverton
Disciplined M&A, exemplary re-start at Laverton Counter-cyclical: 1. June 2022 - Dacian ceases mining at Laverton 2. July 2022 - Genesis takeover bid for Dacian DACIAN ACQUISITION METRICS: Acquired assets included 3.0Mtpa mill and Jupiter open pit mine Acquisition cost ~A$140m¹ COUNTER- ~A$56 / Reso
Slide 9: Itinerary
Itinerary Thursday 6th March 2025: Time Activity 12.10 Flight arrives in Laverton 13.00 Arrive at Laverton mine site 13.15 Safety induction, presentation at mine office 14.15 Mine site tour including: - Processing plant - Site infrastructure - Jupiter project - Westralia project 16.45 Arrive at Site
Slide 10: Site Layout
Site Layout Laverton Camp Jupiter Treatment Plant ~3Mtpa Throughput Westralia 10
Slide 11: Laverton Introduction
Laverton Introduction ► 3Mtpa CIL plant built in 2018, placed in care and maintenance April 2023 ► 400-person accommodation village ► Jupiter and Westralia deposits within 15km of the plant ► Natural gas connection to site with contract 20MW gas power station ► Access to Laverton and Leonora town re
Slide 12: Project TALO
Project TALO Ready and willing to deliver “ASPIRE 400”: PEOPLE ► ~88% of Genesis employees are Genesis shareholders FIRST ► Project TALO - Initiatives from the shop floor; oz in / cost out We mine safely - Protecting our people, our environment, ► Future-proofing margins / discipline through the gol
Slide 13: Laverton Mill Restart
Laverton Mill Restart ► Re-commissioning commenced in June 2024 utilising key It’s pouring gold at Laverton personnel from original operational team ► Currently treating mostly legacy stockpiles and ore hauled from the Leonora operations ► Restart delivered on budget (~A$13m) ► First gold produced i
Slide 14: Laverton Mill Flow Chart
Laverton Mill Flow Chart UICKUIME. suo
Slide 15: Laverton Mill Performance
Laverton Mill Performance ► Treating combination of legacy stockpile and Admiral ore ► Production rates achieved whilst maintaining discipline on operating costs ► Milling cost performance from restart better than FY25 Budget of ~A$28/t 15
Slide 16: Laverton Mill Opportunities
Laverton Mill Opportunities ► 3.0Mtpa processing plant current design: • C140 Primary Jaw Crusher • 4.4MW SAG Mill & 4.4MW Ball Mill • 2 x QS40 Knelsons • 7 x CIL Tanks • 9t Elution Circuit ► Investigating optimisation and staged expansion opportunities, including: • Option 1: Additional ball mill a
Slide 17: Genesis has the gold
Genesis has the gold The BIG FOUR, none bigger than Gwalia / Tower Hill >6Moz Resources: KOTH (Vault) 95Mt @ 1.3g/t for 4.1Moz¹ Granny Smith (Gold Fields) 35Mt @ 5.3g/t for 6.0Moz² Sunrise Dam (AngloGold Ashanti) 75Mt @ 2.0g/t for 4.9Moz³ 1. Vault ASX announcement 22nd October 2024 “Resource and Res
Slide 18: Regional Geology
Regional Geology Multiple large deposits with world class neighbours: ► Situated between the Celia Tectonic Zone and Childe Harolde Fault: • Minor structures are prevalent across the tenure and act as conduits for deposition of mineralisation Westralia Laverton Mill Jupiter Open Pit Significant stri
Slide 19: 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: ► Near-term mill feed, margins boosted by: Jupiter long section • Application of lower cost GMS mining fleet • Drilling success ► Sweeteners - Two high grade parallel flat dipping lenses c
Slide 20: Bruno-Lewis - Large Shallow System
Bruno-Lewis - Large Shallow System Recent acquisition de-risked via Genesis drilling: ► Large strike of mineralisation with significant supergene footprint ► Deep weathering profile with minimal overburden Plan view of the large Bruno-Lewis system Cross section – Shallow oxide mineralisation ► GMD i
Slide 21: Making Westralia great again
Making Westralia great again Re-evaluating Westralia as a bulk open pit mining opportunity: ► 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 plunging to the south Cross
Slide 22: Laverton Mill - Strong start
Laverton Mill - Strong start Reliable performer from open pit mine to mill: STRONG START on low grade stockpiles ▪ Average mill reconciliation 102% last 24 and Admiral months of operation under previous owner1 ▪ Uptick in reconciliation during the low grade stockpile processing phase following minin
Slide 23: Jupiter - Reinvigorated
Jupiter - Reinvigorated Reliable baseload: ► DoubleJay cut back (DBJ14) ramps to the south through the ► Oxide pits Ganymede and Mt Marven will be staggered to saddle, gaining depth and allowing the pit to pull down and smooth ore delivery and ensure consistent blending capture additional ounces v c
Slide 24: Jupiter - Just say go
Jupiter - Just say go Infrastructure in place, low capital start up: ► Fleet ordered and confirmed ► Approvals in place ► Key commercial contracts extended / advancing well ► Labour ramp up schedule ready - Offers out for Open Pit Managers and other key roles in advanced stage ► Long lead infrastruc
Slide 25: Making Westralia great again
Making Westralia great again Open pit Resource anticipated April 2025: Genesis: Previous: ► Mineralisation interpreted as a bulk package Opportunity ► Mineralisation interpreted selectively ► Open pit mining method Opportunity ► Underground mining method ► Low-cost Genesis Mining Services Opportunit
Slide 26: Westralia – Right-Sized mining approach
Westralia – Right-Sized mining approach Previous approach - Discrete modelling Genesis Approach - Parent Domains defined High selectivity chasing a target grade profile Data supported (not interp driven estimate). MAFICS Mine Sequence UMF 1. Parent domains constructed 2. Data supported estimate 3. M
Slide 27: Ready set grow
Ready set grow ► 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 continue to bring ounces
Slide 28: Appendices
“APPENDICES — 28
Slide 29: Appendix A - Plan on a page ASPIRE
APPENDIX A - Plan on a page ASPIRE VISION AND PEOPLE PRODUCTION LOWER M&A VALUES FIRST GROWTH COSTS “The trusted Australian gold We mine safely - Protecting Relentless focus on Declining all-in sustaining Discipline first - Track record of miner - Progressive, high our people, our environment, opera
Slide 30: Appendix B - Resources and Reserves
APPENDIX B - Resources and Reserves* 2024 Mineral Resource estimate 2024 Ore Reserve estimate 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 Grade Ounces Deposit De
Slide 31: Appendix C - ASPIRE 400 learning journey
APPENDIX C - “ASPIRE 400” learning journey +8Moz upside NOT included in 10-year plan1: 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 as a bulk
Slide 32: Contact Details: Troy Irvin, Corporate Development Officer
Contact Details: Troy Irvin Corporate Development Officer phone: +61 8 6323 9050 email: investorrelations@genesisminerals.com.au www.genesisminerals.com.au