Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Diggers and Dealers 2024
22 slides from Genesis Minerals's conference presentation, Aug 5, 2024
Slide 1: Accelerate - Diggers and Dealers Presentation
For personal use only ACCELERATE DIGGERS AND DEALERS PRESENTATION KALGOORLIE, WESTERN AUSTRALIA AUGUST 2024
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 1,122m1 Non-Executive Chairman Tony Kiernan Managing Director Raleigh Finlayson Share price A$2.12 Non-Executive Director Michael Bowen Market capitalisation A$2.4b Non-Executive Director Gerry Kaczmarek Cash and
Slide 4: 100% focused on Leonora, Western Australia
100% focused on Leonora, Western Australia For personal use only Simple - One production centre at Leonora Dominant position in the prolific Leonora District Flexible - Two mills supplied with baseload ore, multiple “top-up” sources; “right ore into right mill” strategy Progressive economics -
Slide 5: FY24 highlights
FY24 highlights Genesis meets guidance and accelerates fully-funded organic growth strategy: For personal use only ► Safety: TRIFR reduced to 8.3 (v 10.4 July 2023) ► FY24 production: 134,451oz at AISC A$2,356/oz (v guidance 130-140,000oz at A$2,300- 2,400/oz) ► Closing ore stockpile: 314kt (v 5kt 3
Slide 6: Base case group production outlook
BASE CASE Group production outlook More ounces and less cost, year-on-year: ► 3Moz production over 10 years For personal use only Group production and cost outlook1,2 ► High confidence - 91% in Reserves 400 “ASPIRE 400” $2,400 ► Fully funded - Operating cash 350 350 325 flows, cash and bullion - A$1
Slide 7: Leonora - Overview
Leonora - Overview The first 180-200: For personal use only Leonora production outlook1 200 150 Production (koz) 100 50 Simple plan 0 FY25 FY26 FY27 FY28 FY29 ► Transition Gwalia to “quality > quantity” A$45m A$35m A$40m A$40m A$55m ► Ramp-up new Admiral open pit to “fill the mill” Gwalia Ulysses Hu
Slide 8: Gwalia - Quality > quantity
Gwalia - “Quality > quantity” Prolific high-grade, long-life asset - Priority 7g/t “Heart of gold”: 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 /
Slide 9: Early wins
Early wins May our stocks go up: For personal use only Surface ore stockpiles building t ore (LHS) ounces (RHS) ► Surface ore stockpiles (inventory awaiting processing) increased 350,000 12,000 300,000 significantly in Genesis’ first 12 months of ownership to ~314,000t 250,000 10,000 (up from ~5,000
Slide 10: Ulysses - At one with Gwalia
Ulysses - At one with Gwalia Plan 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 drills reduced to 2 (
Slide 11: Ulysses on the move
Ulysses on the move There’s a new kid in town: For personal use only ► Access portal cut late in the March quarter ► Rapid capital development - 940m advanced to 31st July (55% ahead of schedule in the Five-year Plan) Ulysses decline ► First delivery of development ore to the mill anticipated Septem
Slide 12: Laverton - Overview
Laverton - Overview Growth to +300: For personal use only Laverton production outlook1 150 125 100 Production (koz) 75 50 25 Simple plan 0 FY25 FY26 FY27 FY28 FY29 ► Re-start the mill late FY25 A$55m A$75m A$70m A$90m A$15m ► Initial baseload ore from Jupiter (adjacent to Tower Hill Jupiter Hub Brun
Slide 13: Laverton on the move
Laverton on the move Potential earlier re-start of the Laverton mill: For personal use only ► Recent accelerants (i.e. post Five-year strategic plan) include: Potential earlier re-start of the Water - Early licence approvals granted, significantly Laverton mill improved site water balance followin
Slide 14: Laverton on the move
Laverton on the move For personal use only Pre-start meetings, mill re-start schedules, Leonora Lodge acquired, scaffolding, Hub site clearing… and more The Australian growth stock 14
Slide 15: Tower Hill - One of a kind
Tower Hill - 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 - Just over 1km north of Gwalia ► Single open pit - Strike length +1km, 4,000ozpvm ► Since acquisition Genesis has fo
Slide 16: Tower Hill - Outstanding growth asset
Tower Hill - One of a kind Outstanding growth asset: For personal use only ► Growth driven by: Tower Hill cross section Drilling success and model update Lower Laverton milling costs plus larger equipment and lower GMS mining costs ► 7-year mine life; 9 years of milling, ore haulage to Laverton
Slide 17: Tower Hill - First ore FY28
Tower Hill - One of a kind First ore FY28: For personal use only ► Project advancing towards production; Key milestones include: Stakeholder Engagement - Leonora Shire and Community, and State Government Environmental - Noise, vibrations and dust; EPA advice received that Tower Hill can be manag
Slide 18: Can two become one?
Can two become one? In the shadows of giants: For personal use only Gwalia / Tower Hill gap ~1,100m ► Limited shallow drilling... 1.8Moz1 ► …despite being the Add drilling 10.7Moz1 best place to find ?Moz Add drilling ?Moz more gold ► Extensions are likely ► Repeats are likely 1. Endowment = Mineral
Slide 19: ASPIRE 400 upside not included in 10-year plan
“ASPIRE 400” Upside1 - NOT included in 10-year plan: For personal use only First ounces: NOW 5 years 10 years Gwalia Resources to Reserve Conversion 3.4Moz2 Gwalia Underground Extensions (lateral and depth extensions) ?Moz Hub Underground (drilling and studies) ?Moz Ulysses Underground Extensions (d
Slide 20: Ready set grow
Ready set grow For personal use only ► We are a new Australian gold house, 100% focused on Leonora ► We are targeting sustainable, high-quality production and earnings growth ► We play the “long game”: Enviable gold inventory Strategic management team Future-proofing through the gold price cyc
Slide 21: Appendix A: Plan on a page - ASPIRE
APPENDIX A: Plan on a page - ASPIRE PEOPLE PRODUCTION For personal use only VISION AND 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 env
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