Genesis Minerals Limited · ASX:GMD
Genesis Minerals — Resources Rising Stars Summer Series 2019
26 slides from Genesis Minerals's conference presentation, Dec 3, 2019
Slide 1: Resources Rising Stars Summer Series Presentation
Genesis Minerals Limited (ASX: GMD) ASX Announcement – 3 December 2019 Resources Rising Stars Summer Series Presentation For personal use only Genesis Minerals Limited (ASX: GMD) advises that Managing Director, Michael Fowler, will be presenting at the Resources Rising Stars Summer Series on Tuesday
Slide 2: RRS Summer Series – Ulysses Gold Project, WA
For personal use only RRS Summer Series Sydney - 3 December 2019 Ulysses Gold Project, WA Brisbane - 5 December 2019 Growing and developing a new high-grade Australian gold project in a Tier-1 location 1
Slide 3: 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 4: WA Gold Company Focused on Tier-1 Districts
WA Gold Company Focused on Tier-1 Districts ► Key focus: Ulysses Gold Project near Leonora, WA For personal use only ► Strategic Asset: high-grade gold – prime location – scale ► Resource 7.1Mt @ 3.3g/t gold for 760,000oz¹ ► Includes High Grade Resource: ► 4.1Mt @ 4.7g/t gold for 628,000oz ► Substan
Slide 5: 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 6: Corporate Overview
Corporate Overview GENESIS MINERALS LIMITED SHAREPRICE – as at 28Nov 2019 CAPITAL STRUCTURE For personal use only Share Price A3.0c Shares on Issue 1,322 million Options on Issue 33 million Market Capitalisation ~A$40 million (@ A$0.030) Top 100 shareholders ~70% Cash - September 2019 ~A$8.6 million
Slide 7: Ulysses – Project Summary
Ulysses – Project Summary ► Exceptional location: just 30km from Leonora – world-class mining district For personal use only ► Large gold system – just getting started on unlocking its size ► High-grade, high quality JORC 2012 Mineral Resource: ► 7.1Mt @ 3.3g/t gold for 760,000oz – open ► High-grade
Slide 8: Ulysses – Large High-Grade Gold System
Ulysses – Large 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 @ 5.9g/t gold
Slide 9: Ulysses – Long Section
Ulysses – Long Section For personal use only 8
Slide 10: Ulysses – 11,850E Ulysses West
Ulysses – 11,850E Ulysses West For personal use only Ulysses West Open Pit 9m @ 9.94g/t Au Ulysses Resource Envelope inc. 5.6m @ 14.92g/t Au 3.6m @ 6.8g/t Au 4.32m @ 15.63g/t Au 5.46m @ 10.71g/t Au 11,850E +-12.5m 3m @ 13.6g/t Au 9
Slide 11: Ulysses – Recent Drilling
Ulysses – Recent Drilling For personal use only Ulysses Ulysses West Ulysses Looking South Looking SW 10
Slide 12: Ulysses – Regional Exploration and Growth Potential
Ulysses – Regional Exploration and Growth Potential Regional structural corridor For personal use only ► ► Controls gold mineralisation in the district ► Ulysses deposit occurs within a broad zone of deformation ► The corridor is some +5km wide ► Multiple sinistral shear strands interpreted and have
Slide 13: Ulysses – Regional Exploration and Growth Potential
Ulysses – Regional Exploration and Growth Potential ► Wide-spaced aircore For personal use only drilling completed in 2016 and 2017 ► Numerous targets identified ► Orient Well NW has significant gold potential and requires systematic drill testing ► +1.5Moz gold endowment Refer to the ASX Announceme
Slide 14: Ulysses – Orient Well NW
Ulysses – Orient Well NW For personal use only 347,060E Refer to the ASX Announcements dated 2 August 2018, 5 May 2019 and 22 May 2019. 13
Slide 15: Barimaia Gold JV Project – Overview
Barimaia Gold JV 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-hoste
Slide 16: Barimaia Gold JV Project – Project Summary
Barimaia Gold JV Project – Project Summary For personal use only ► Located immediately south-east of a suite of porphyry-hosted gold deposits being targeted by Ramelius’ current exploration: ►Geology and mineralisation has strong similarities ► Genesis holds ~72% interest ► Gold processing facilitie
Slide 17: Barimaia – McNabs Prospects
Barimaia – McNabs Prospects ► Geological interpretation based on east-west For personal use only orientation of controlling structures 584,980E ► Wide spaced drilling highlighted extensive gold system ► +2.0km of strike to be drill tested ► Open pit potential ► High-grade gold intercepts previously
Slide 18: Barimaia – McNabs
Barimaia – McNabs 584,980E For personal use only ► Significant widths of shallow gold mineralisation ► +100m wide mineralised zone associated with porphyry and ultramafic host rocks - orogenic ► Shallow open pit potential Refer to the ASX Announcements dated 20 July and 21 August 2017, March 1 2018
Slide 19: Barimaia – Porphyry Corridor
Barimaia – 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 20: Catalysts for Shareholder Growth
Catalysts for Shareholder Growth 2019 2020 For personal use only Ulysses Q4 H1 H2 Ongoing Extensional, Exploration and Infill Drilling Resource Growth Mineral Resource Update Feasibility Work Ongoing Decision to Mine Potential Asset Purchase and Regional Consolidation Barimaia Exploration Drilling R
Slide 21: Summary
Summary Ulysses Gold Project For personal use only Strategically located with high-grade gold Resource update December 2019 +20,000m RC and DDH program completed over the past 4 months Outstanding Resource growth opportunity Large gold system – just getting started on unlocking size District wide M&
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 21
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 ► Financially robust and technically low-risk gold project Genesis’ strategy remains in place to For personal use only ► Construction of ~0.8Mtpa processing facility ► Mineral Resources in the proposed Life-of-Mine (LOM) schedule: significantly grow the Mineral Res
Slide 25: 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
Slide 26: Appendix – Scoping Study Details
Appendix 2 – Scoping Study Details Mine Design – Stoping at 35 degrees Facing the H/W For personal use only Mining stopes with a 35 degree minimum footwall angle include a range of methods to maximise ore recovery >90% including: 336 Level 344 Level ▪ Designing stopes with “fly” to sweep ore off the
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