Genesis Minerals (GMD) Diggers & Dealers Mining Forum 2025 summary

Strategic achievements and growth trajectory

• Achieved rapid transformation from a single mine to two production centers with two full processing facilities and 1.2 million tons of stockpiled ore in just two years.

• Generated quarterly cash flow of approximately AUD 100 million in FY 2025, supporting a robust financial position.

• Closed FY25 with a market cap over AUD 4 billion, A$287 million in cash, and A$100 million bank debt after significant investments and major acquisitions.

• Strengthened leadership with experienced mining executives and focused on maximising shareholder returns through balanced capital allocation.

• Maintains a focused strategy on the Leonora-Laverton gold district, leveraging a large reserve and resource base.

Operational performance and project updates

• Delivered record FY25 gold production of 214,311 ounces, surpassing guidance, with all-in sustaining costs at AUD 2,398/oz despite inflationary pressures.

• Accelerated key growth projects, including early restart of Laverton mill, Ulysses underground ramp-up, and Tower Hill project progression.

• Increased stockpiled gold by 600% to 66,000 ounces at higher grades, supporting future production.

• Maintained strong safety, environmental, and community engagement, with improved TRIFR to 7.9 and a Fatal Risk Management program.

• Outperformed the first year of a 10-year plan, with production above 210,000 ounces and costs below AUD 2,400/oz.

Asset base, resources, and expansion plans

• Holds 18.7 million ounces in resources and 4.2 million ounces in reserves, with recent acquisitions boosting Laverton inventory and optionality.

• Two operating mills (Leonora and Laverton) with 4.4Mtpa capacity, supporting a 10-year base case plan and studies for further expansion.

• Conducting mill expansion studies and technical assessments to optimize production, targeting 400,000 ounces per year.

• Multiple organic growth opportunities identified, with ongoing drilling, planning, and substantial additional resource potential (+12Moz) not yet included in the base plan.

• Tower Hill development on track for first ore in FY28, with cost savings from processing at Leonora mill and studies for underground transition.