Genesis Minerals Limited · ASX:GMD
Genesis Minerals — BMO Global Metals, Mining & Critical Minerals Conference 2024
18 slides from Genesis Minerals's conference presentation, Feb 23, 2024
Slide 1: Ready, Set, Grow; BMO
For personal use only READY, SET, GROW; BMO Assets and people in place for +300,000 ounces per annum BMO GLOBAL METALS, MINING & CRITICAL MINERALS CONFERENCE - FLORIDA 23rd FEBRUARY 2024
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: Corporate overview
Corporate overview Key metrics (ASX: GMD)1 Board Shares on issue 1,122m2 Non-Executive Chairman Tony Kiernan Managing Director Raleigh Finlayson Share price A$1.56 For personal use only Non-Executive Director Michael Bowen Market capitalisation A$1.7b Non-Executive Director Gerry Kaczmarek Cash and
Slide 4: Rapid evolution
Rapid evolution From concept to production in just 2 years SEPTEMBER 2021 APRIL 2022 JULY 2022 APRIL 2023 1st JULY 2023 For personal use only NEW MANAGEMENT “Open for business” strategy unveiled Dacian Gold takeover bid announced Purchase of St Barbara’s Leonora assets announced GOLD PRODUCER GOLD E
Slide 5: A new and growing Australian gold house
A new and growing Australian gold house 100% focused on Leonora, Western Australia: ► Management capability, financial flexibility and Dominant position in the prolific Leonora District investor mandate to grow Leonora For personal use only ► 300koz pa base case “margin > ounces” plan: FIRST 200 (
Slide 6: Creation of the central player in the tier-one Leonora District
Creation of the central player in the tier-one Leonora District Sustainable growth to +300koz pa: Overview 300 Key mines / projects • Gwalia For personal use only • Admiral • Ulysses 250 + Tower Hill open pit • Tower Hill • Jupiter + Jupiter open pit • Redcliffe + Laverton stockpiles Longer-term ups
Slide 7: Filling the Leonora mill
7 Add Ulysses 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 Leonora mill underutilised since 2015; New Admiral open pit fast-tracked to fill the mill over the next ~2 years Jun Q 2025 Mar Q 2025 GMD ownership Add Admiral Dec Q 2024 Sep Q 2024 Jun Q 2024 Mar Q 2024 Dec Q 2023 Sep Q 2023 Ju
Slide 8: Ramping-up Admiral open pit
2. Ramping-up Admiral open pit New, shallow, high grade 1.6g/t open pit: ► ~40km trucking distance to the 1.4Mtpa Leonora mill For personal use only ► Genesis Mining Services (GMS) - Genesis’ in-house open pit mining arm, ahead of schedule ► First ore processed in the December quarter; ~1.5Mt of ore
Slide 9: Transitioning Gwalia to high grade, selective mining
3. Transitioning Gwalia to high grade, selective mining Prolific high-grade, long-life asset, underwritten by 5,600oz per vertical metre: ► Strategic review validates the more Gwalia - Long section conservative “quality > quantity” strategy For personal use only identified in due diligence, includin
Slide 10: Ulysses mine ready for development from March quarter
4. Ulysses mine ready for development from March quarter 2024 Ulysses to operate as one with neighbouring Gwalia mine: ► Surplus equipment and people at Two becomes one Gwalia… For personal use only Gwalia Ulysses full scale2 Combined Annual mining rate Mtpa 0.7 - 0.8 0.6 - 0.7 1.3 - 1.5 e.g. Trucks
Slide 11: Advancing Tower Hill
5. Advancing Tower Hill Forgotten asset in the shadow of Gwalia: Harbour Lights ► Infrastructure-rich, just 2km north of Gwalia 0.7Moz Resource For personal use only ► Shallow single open pit - Resources 20.7Mt @ 1.8g/t for Airport Leonora 1.2Moz, Reserves 9.7Mt @ 1.8g/t for 560koz Regional ► Awaken
Slide 12: Advancing Tower Hill: Grade, scale, simplicity
5. Advancing Tower Hill Industry leader - Grade, scale, simplicity: Peer Resource grades (g/t) - Western Australian, single open pit deposits only For personal use only >1Moz Resources 1.8 1.6 1.4 Resource grade (g/t) 1.2 1.0 0.8 0.6 0.4 0.2 0.0 Tower Hill Tropicana Rebecca Diucon Gruyere Karridale
Slide 13: Advancing Tower Hill: High grade open pit
5. Advancing Tower Hill High grade open pit with outstanding growth credentials: Tower Hill - Long Section Tower Hill - Cross Section For personal use only ► Average drill intercept 35m @ 1.8g/t ► Team GMS - Opportunity for low-cost, bulk ► Endowment 4,000oz per vertical m mining applying first-hand
Slide 14: Ready set grow
Ready set grow ► Genesis is a new Australian gold house, 100% focused on Leonora For personal use only ► Genesis is targeting sustainable, high-quality earnings with capital-light production growth ► Genesis has the management capability, financial flexibility and investor mandate to restore and gro
Slide 15: Re-building the foundations
Re-building the foundations Conservative management committed to “future-proofing” Leonora: STRATEGIC REVIEW… …THE LAUNCH - March 2024 For personal use only ► Investment to ensure a new lease of life for ► Five-year outlook including: Leonora in the long-term: ► Production ► Re-build Resource, Reser
Slide 16: Appendix A: April 2022 VISION
Appendix A: April 2022 VISION1 Assets and people NOW in place to deliver +300koz pa: VISION M&A COMMODITY JURISDICTION PROJECT STAGE SCALE MINING AND METALLURGY GEOLOGY AND MINE LIFE COSTS / FINANCIAL For personal use only Gold Prioritise Advanced >100koz pa Open pit Eastern Target “first “The premi
Slide 17: Appendix B: Company reports relating to peer Resource grades
Appendix B: Company reports relating to peer Resource grades Open pit Company Source Tropicana Regis Resources (30%) ASX 15th February 2024 "Bell Potter Unearthed Conference Presentation" For personal use only Rebecca Ramelius Resources ASX 14th February 2024 "RIU Explorers Conference presentation"
Slide 18: 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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