Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Investor Presentation (June 2025)
28 slides from Genesis Minerals's investor presentation, Jun 10, 2025
Slide 1: Focused: Strategic Bolt-On Acquisition of 4Moz
FOCUSED STRATEGIC “BOLT-ON” ACQUISITION OF 4MOZ RESOURCE BASE NEAR EXISTING LAVERTON MILL 10TH JUNE 2025
Slide 2: Important information
Important information 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 contained or referred to in this Presentation. Summary Information
Slide 3: Important information
Important information Forward Looking Statements Some statements in this Presentation regarding estimates or future events are forward-looking statements. They include indications of, and guidance on, future matters. Forward-looking statements include, but are not limited to, statements preceded by
Slide 4: Important information
Important information Reserves, Resources and Production Targets JORC Code It is a requirement of the ASX Listing Rules that the reporting of (amongst other things) exploration results, ore reserves and mineral resources in Australia comply with the 2012 edition of the Joint Ore Reserves Committee's
Slide 5: The perfect bolt-on
The perfect bolt-on “Bolt-on” acquisition of Focus’ Laverton Gold Project for A$250m cash, “Bolt-on” assets hidden in plain sight funded by existing cash and finance facilities Rare acquisition of a large-scale gold project with 4Moz^ Resources1 (74Mt) within ~30km of Genesis’ Laverton mill Ge
Slide 6: Fully funded, base case 10-year plan
FULLY FUNDED, BASE CASE 10-year plan More ounces and less cost, year-on-year: BASE CASE assuming current 4.4Mtpa group mill capacity with Tower Hill milled Genesis group production and cost outlook1,2,3 at Laverton (~100km haul / capped at 2Mtpa) 400 A$2,200 - 2,400 $2,400 “ASPIRE 400*” What’s NOT i
Slide 7: ASPIRE 400 learning journey
“ASPIRE 400” learning journey +12Moz upside NOT included in 10-year plan: First ounces: NOW 5 years 10 years Gwalia Resources to Reserve Conversion (drill testing ongoing) 3.4Moz1,2 Gwalia Underground Extensions (up-dip and lateral drilling ongoing) Potential Ulysses Underground Extensions (drill te
Slide 8: Strategic rationale
Strategic rationale Consistent and persistent - “On strategy” acquisition: ► Offers regional Genesis’ Laverton ascends THE BIG FIVE with 6.6Moz synergies with “home ground” advantage ► West side, East side ► Genesis’ dominant position in the Leonora KOTH (Vault) 95Mt @ 1.3g/t for 4.1Moz³ LAVERTON (G
Slide 9: Strategic rationale
Strategic rationale Consistent and persistent - “On strategy” acquisition: ► “Bolt-on” - Matches large Resource / Reserve with lowest 3.0Mtpa mill restarted in October 2024 (6 months early) cost mill in district ► Increased Laverton inventory and portfolio optionality = Potential ACCELERANT above an
Slide 10: Strategic check
Strategic check VISION AND PEOPLE PRODUCTION 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 environment, operational execution and costs
Slide 11: People First
People First Building on strong traditional owner and community partnerships: PEOPLE ► Acquisition increases Genesis’ strategic presence in FIRST the Laverton District We mine safely - Protecting ► Builds on strong existing partnerships with: our people, our environment, our communities • Nyalpa Pir
Slide 12: Transaction funding
Transaction funding A$397m available liquidity post-acquisition: ► Laverton transaction funded via existing cash and Available liquidity3 (A$m) - Pre and post acquisition available finance facilities 700 A$647m1,2 * ► Follows successive record quarters of production 600 (100) execution… 500 225 (150
Slide 13: Disciplined M&A
Disciplined M&A Timeline to assemble a large strategic portfolio with unrivalled optionality: 1. April 2013 - Gold last mined at Laverton 8 5,500 2. April 2021 - Focus reports Laverton Reserves of Unmined for +12 years 546koz (assuming A$2,207 gold price) A$ gold price more than tripled 5,000 3. Apr
Slide 14: Laverton - Overview
Laverton - Overview Third largest undeveloped gold project in Australia: Contained Resource Ounces Resource Grade (Moz Au)1,2 (g/t Au) 12.0 Contained Ounces (Moz) Resource Grade (g/t) 8.0 7.0 10.0 6.0 5.6 8.0 5.0 4.4 6.0 3.9 4.0 3.2 Focus’ 3.0 3.0 4.0 Laverton 2.8 2.5 2.6 2.5 2.3 2.0 2.1 2.0 1.7 1.8
Slide 15: Laverton - Overview
Laverton - Overview Large, underexplored project with 4Moz Resource near GMD’s existing operations: Resources 4Moz @ 1.7g/t1,2 and Reserves 546koz @ 1.3g/t1 “Bolt-on” assets hidden in plain sight Brief history: • Previous owners include Focus, WMC, Crescent and Sons of Gwalia • Gold production o
Slide 16: Laverton - Overview
Laverton - Overview Reinvigorating the exploration opportunity: ► Multiple factors motivate Genesis’ plans to reinvigorate Greatest hits2 exploration at Laverton: KARRIDALE-BURTVILLE LANCEFIELD CHATTERBOX • Tenure hosts multiple regional structures known 6m @ 1,514g/t 30m @ 12.0g/t 35m @ 7.8g/t to c
Slide 17: Laverton - Lancefield
Laverton - Lancefield Large historic production centre with outstanding exploration potential: ► Multiple deposits over 5km strike within the Lancefield - Long section Chatterbox Shear Zone with >3Moz produced to date1 ► Lancefield mine extends >800m below surface; Two milling classes understood to
Slide 18: Laverton - Barnicoat
Laverton - Barnicoat Multiple deposits with walk up targets: ► Multiple deposits over 10km Barnicoat - Long section strike within the Barnicoat Shear ► Clear depth potential e.g. historic Ida underground: • Extends to ~500m below surface • High-grade production of 170koz @ 22.7g/t1 (1899- 1920) ► Ba
Slide 19: Long ore… getting longer
Long ore… getting longer Underpinned by large, high-grade Resources and Reserves, 100% Western Australian: Industry-leading Resources and Reserves (Moz)1 20 18 Wealth of conversion 16 opportunities 14 12 10 8 6 4 2 0 Genesis Westgold Vault Ramelius Regis Capricorn Pantoro Catalyst Bellevue Ora Banda
Slide 20: Focused
Focused ► We are an aspirational Australian gold house, 100% focused on Leonora / Laverton ► We have the people, assets and balance sheet to deliver “ASPIRE 400” and beyond • Sustainable, high-quality production and earnings growth ► We play the “long game”: • Long ore; Studies continue to bring oun
Slide 21: Appendix A - Genesis Resources and Reserves
APPENDIX A - Genesis Resources and Reserves* 2025 Mineral Resource estimate 2025 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 De
Slide 22: Appendix B - Acquisition Assets Resources and Reserves
APPENDIX B - Acquisition Assets Resources and Reserves* Mineral Resource estimate Ore Reserve estimate Notes: All figures reported to two significant figures. Rounding errors may occur. Ore Reserves are based on a cut-off grade between 0.4 and 0.5 g/t Au. Notes: All figures reported to two significa
Slide 23: Appendix C - Attractive acquisition valuation for Laverton
APPENDIX C - Attractive acquisition valuation for Laverton EV / Resource - Laverton acquisition A$63/oz v average comparable transaction A$165/oz: Precedent transaction multiples - Enterprise value / oz (A$)1 664 Announced 569 Completed Asset in GMD’s current portfolio 218 207 204 176 158 Average: A
Slide 24: Appendix D - Precedent Transaction References
APPENDIX D - Precedent Transaction References Acquiror Target Project Stage Announcement Date Enterprise Value1 Mineral Resource Resource Multiple Source Information A$m koz Au. A$/oz Au. Date ASX Release Title Ramelius Resources Limited Spectrum Metals Limited Resource Development Feb-20 202 356 56
Slide 25: Appendix E - Laverton royalty overview
APPENDIX E - Laverton royalty overview Royalty Tenement Royalty Rate Royalty Recipient End Date Franco Nevada - 50% Admiral Hill Royalty M38/376 M38/377 $1.50 per BCM of ore extracted between 100,000 - 850,000 BCM Climax Mining Ltd - 37.5% When 850,000 BCM has been mined Summit Resources (Aust.) Pty
Slide 26: Appendix F - Peer data
APPENDIX F - Peer data Mineral Resources - Undeveloped gold projects Company Code Project Mineral Resources Source: Mineral Resources and Ore Reserves - ASX announcements Moz g/t Northern Star ASX:NST Hemi 11.2 1.3 4 April 2025 "Quarterly Activities Report" (De Grey Announcement) Greatland Gold AIM:
Slide 27: Appendix G - Pro-forma refractory portfolio
APPENDIX G - Pro-forma refractory portfolio Key refractory projects: Long-dated optionality: ► ~3.8Moz refractory / semi-refractory Resource bank: • Genesis pre-transaction: 1.6Moz Aphrodite and 0.7Moz Harbour Lights EAST SIDE Post Laverton acquisition: Plus ~0.8Moz Lancefield Main WEST SIDE • Lode1
Slide 28: Contact Details
Contact Details: Troy Irvin Corporate Development Officer phone: +61 8 6323 9050 email: investorrelations@genesisminerals.com.au www.genesisminerals.com.au