Magnetic Resources (MAU) investor relations material

Executive summary

• Genesis Minerals to acquire 100% of shares via Scheme of Arrangement, valuing shares at A$2.00 each, with a total equity value of ~A$639 million, offering a 25% premium to last close and 35% to 30-day VWAP.

• Shareholders can elect cash, scrip, or a mix (default: 70% cash, 30% scrip); major shareholders (19.64%) have committed to vote in favor.

• Scheme completion targeted for June 2026, pending regulatory and shareholder approvals.

• Lady Julie Gold Project (LJGP) is the flagship asset, with 2.2Moz resource at 1.8g/t Au, offering synergies with Genesis’ Laverton mill.

Financial highlights

• Cash balance reported at $30.6m at quarter end.

• Genesis’ cash and equivalents at A$465m as of January 2026, with available liquidity of ~A$690m post-acquisition.

• No substantive mining and development costs incurred during the quarter; exploration and evaluation spend was $0.334m, and $4.224m on property, plant, and equipment.

Outlook and guidance

• Genesis to release an updated multi-year strategic plan post-acquisition, aiming to uplift growth strategy to “ASPIRE 500.”

• Lady Julie underground production target updated to 13Mt at 2g/t Au, with a 14–19 year mine life and average annual production of 41–52koz.

• Open pit operations to precede underground mining, deferring underground CAPEX by ~2 years.