Genmin Ltd. · ASX:GEN
Genmin — Investor Presentation (November 2025)
28 slides from Genmin's investor presentation, Nov 17, 2025
Slide 1: Equity Raising Presentation
Equity Raising NOT FOR DISTRIBUTION Presentation 17 November 2025 . Not for release to US wire services or distribution in the United States
Slide 2: Important Notice
“NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES” Important Notice This presentation is provided by Genmin Limited ACN 141 425 292 (Genmin or the Company). Statements in this presentation are made only as at the date of this presentation and the information in this presentat
Slide 3: Important Notice
“NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES” Important Notice Acknowledgement Persons who access, receive, review or attend this presentation are required to inform themselves of, and comply with, all of the above restrictions and prohibitions and none of Genmin or the
Slide 4: Our Purpose
Our Purpose Develop Baniaka as a sustainable, low-cost, multi- generational producer of greener, high-quality iron ore (≈64-66% Fe), leveraging existing infrastructure Long-term rail agreement signed with Long-term port agreement signed provision to scale capacity with provision to scale capacity 4
Slide 5: Value Proposition
Value Proposition • Proven leadership and track record of delivery through Executive Chair, Greg Lilleyman , including the development and construction of 14 mines, 6 airports, 3 power stations, 3 ports and 800km of rail • High-quality, greener iron ore – an important feedstock in the transition to
Slide 6: Positioned to Capture Rising Premiums
Positioned to Capture Rising Premiums 65% Fe - 62% Fe Price Premium Forecast Wood Mackenzie AME 40 35 • Market forecasts show the 65% Fe vs 62% Fe 65% Fe - 62% Price Premium - US$/t spread widening as steel mills prioritise 30 lower CO₂ intensity 25 • Transition to low-emission “green steel” 20 acce
Slide 7: Baniaka Project Overview
Baniaka Project Overview Baniaka Mineral Resource • Only 21% of known iron ore strike diamond drill tested to date • >90km of potential resource upside at the Baniaka Hub • Total project development spend to date = US$45.1M • Binding port, rail and power agreements signed • Mine plan focused on shal
Slide 8: Corporate Snapshot
Corporate Snapshot Proven board & leadership, highly experienced in Capital Structure | ASX : GEN Africa & iron ore Item Unit Number Shares M 887.3 Options M 121.4 Performance Rights M 1.6 Fully Diluted M 1,010.3 Greg John Giuseppe Salvatore Andrew Shareholders (Pre Capital raise) Lilleyman Hodder (
Slide 9: Stable Investment Environment
Stable Investment Environment • Prosperous African nation with the second highest GDP per capita in Africa • Peaceful Presidential, Parliamentary and Municipal elections throughout 2025 • Strong endorsement of President Oligui Nguema by international leaders • Decades of mining/oil production with T
Slide 10: Pathway to Baniaka FID
Pathway to Baniaka FID • Closing project funding is the last milestone for a final investment decision (FID) • One of the iron ore industry’s most experienced iron ore executives, Greg Lilleyman, has transitioned to Executive Chair to lead the Company through this phase • Structured project funding
Slide 11: PowerChina Collaboration
PowerChina Collaboration • Tier 1 project delivery support • 10+ years experience in Gabon designing and constructing major infrastructure projects, including Grand Poubara Hydropower Station • Lower CAPEX EPC proposals received for Haul Road, Transmission Line and Accommodation Village • PowerChina
Slide 12: Future Growth Optionality
Future Growth Optionality Magnetite at Baniaka • Primary BIF mineralisation (Magnetite) underlies the shallow, free- dig oxide ore (slide 7) • Davis Tube Recovery concentrate iron grades averaging up to 70% Fe at coarse grind size1 • Synergies with hydropower for future production of low carbon inte
Slide 13: Use of Funds
Use of Funds Total A$ Use of Funds Million PFS addendum works 1.2 Corporate costs 1.9 General working capital and creditor payments 2.0 Progress the Company’s Baniaka Iron Ore Project towards a final investment decision 11.3 Costs of the Offer 1.0 Repaying loans owing to Genmin directors through the
Slide 14: The Offer
The Offer Institutional, sophisticated and professional investors placement of A$25.7 million at A$0.01 per share Offer Details ➢ The Company seeks to raise up to approx. A$25.7 million by way of a two-tranche placement, comprising the issue of approx. 2.57 billion new fully paid ordinary shares in
Slide 15: Indicative Timetable
Indicative Timetable Timetable Date Trading Halt 13 November 2025 Announcement of Placement and Recommencement of ASX Trading 17 November 2025 EGM Notice Dispatched to Shareholders 17 November 2025 Settlement of Tranche 1 Shares 21 November 2025 Allotment and Trading of Tranche 1 Shares 24 November
Slide 16: Thank you.
Thank you. Contact us London House, Suite 3, Level 8 216 St Georges Terrace, Perth WA 6000 ir@genmingroup.com +61 8 9200 5812 | ir@genmingroup.com A white hexagon with black text and a check mark
Slide 17: APPENDIX
APPENDIX
Slide 18: Risk Factors
Risk Factors This section describes some of the key risks associated with an investment in the Company. An investment in the Company is subject to risk factors specific to the Company and its business activities and those of a more general nature including general risks associated with investing in
Slide 19: Risk Factors
Risk Factors Exploration and development risks The exploration for, and development of, mineral deposits involves a number of risks. Few properties which are explored are ultimately developed into producing mines. Resource exploration and development is a speculative business, characterised by a num
Slide 20: Risk Factors
Risk Factors Capital and operating costs The estimated capital and operating costs set out in the Baniaka Preliminary Feasibility Study (Baniaka PFS) as detailed in the PFS Market Announcement are based on certain assumptions with respect to timing and the project execution plan. By their nature, th
Slide 21: Risk Factors
Risk Factors Cyber risk The Company uses various information technology systems and consequently could be exposed to cyber-attacks. Cyber-attacks targeting the Company’s information systems and assets, including malware, ransomware and viruses may result in financial loss, regulatory non-compliance,
Slide 22: Risk Factors
Risk Factors Equipment and availability The Company’s exploration and future development activities are dependent on the availability of relevant equipment and appropriately qualified and experienced personnel in the area of its Gabon Projects. If the Company is unable to secure such equipment or pe
Slide 23: Risk Factors
Risk Factors Title risk Interests in exploration and exploitation mining titles are governed by law no. 037/2018 of 11 June 2019 regulating the mining sector in the Republic of Gabon (Mining Code) and the Company has an obligation to meet conditions that apply to the Licences, including the payment
Slide 24: Risk Factors
Risk Factors Gabonese environment regulation The operations and proposed activities of the Company are subject to Gabonese laws and regulations concerning the environment. If such laws are breached, the Company could be required to cease its operations and/or incur significant liabilities including
Slide 25: Risk Factors
Risk Factors Shareholder dilution In the future, the Company may elect to issue securities to fund or raise proceeds for working capital, growth, acquisitions, to repay debt, or for any other reason. While the Company will be subject to the constraints of the ASX Listing Rules regarding the percenta
Slide 26: Risk Factors
Risk Factors Investment highly speculative The above risks should not be taken as an exhaustive list of the risks faced by Genmin or by prospective investors in the Company. The above risk factors, and others not specifically referred to above, may in the future materially affect the financial perfo
Slide 27: Foreign Offer Restrictions
Foreign Offer Restrictions No action has been taken to register the securities or otherwise permit a public offering of securities in any jurisdiction. The distribution of this presentation outside Australia may be restricted by law. Persons who come into possession of this presentation should obser
Slide 28: Foreign Offer Restrictions
Foreign Offer Restrictions United States This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. The New Shares, Attaching Options and Piggyback Options have not been, and will not be, registered under the US Securities Act of 1933 o