Genesis Minerals (GMD) Corporate Presentation summary

Corporate overview and strategy

• Market capitalisation stands at A$5.1b with A$287m in cash and equivalents as of June 2025, and bank debt of A$100m.

• Institutional investors hold 80% of shares, with AustralianSuper as the largest substantial holder at 63.7%.

• Focused exclusively on the Leonora and Laverton regions, with 18.6Moz in Resources and 4.2Moz in Reserves after recent acquisitions.

• Two operating mills (Leonora and Laverton) with a combined 4.4Mtpa milling capacity support a long-term production base.

• Strategic “ASPIRE 400” plan targets over 400koz annual gold production, leveraging staged plant expansions and disciplined M&A.

Growth, assets, and operational performance

• 10-year base case plan assumes 4.4Mtpa mill capacity, with FY26 production outlook of 260–290koz at AISC A$2,500–2,700/oz.

• Significant upside potential from 12Moz not included in the 10-year plan, with ongoing drilling and studies at key deposits.

• Recent acquisitions include St Barbara’s Leonora assets, Kin’s Bruno Lewis and Raeside, and Focus’ Laverton assets for A$250m.

• Track record of meeting or exceeding production guidance, with sector-leading ROCE of 23% in FY25.

• Capital allocation follows an “ASPIRE thirds” model: one-third to growth, one-third to shareholders, one-third to the balance sheet.

Key projects and resource base

• Gwalia mine: high-grade, long-life asset with 4.5Moz Resource and 1.1Moz Reserve; new drilling confirms high-grade potential.

• Ulysses mine: ramping up, combined with Gwalia for operational efficiency and reduced trucking, targeting 180–200kozpa.

• Tower Hill: 1.0Moz Reserve, 1.6Moz Resource; processing at Leonora mill saves A$225m in haulage costs, first ore expected FY28.

• Jupiter and Admiral mines: open pit operations with ongoing drilling to extend mine life and increase reserves.

• Focus Laverton acquisition adds 4Moz Resource and 546koz Reserve, unlocking synergies and mill feed flexibility.