Genesis Minerals (GMD) Investor presentation summary

Transaction overview

• Announced acquisition of 100% of Magnetic Resources via a recommended Scheme of Arrangement, valuing Magnetic at approximately A$639 million, with completion targeted for June 2026.

• Consideration is A$1.40 cash and 0.0873 Genesis shares per Magnetic share (about 70% cash, 30% scrip), with options for all-cash or all-scrip subject to scale-back.

• Major Magnetic shareholders (19.6% of shares) have committed to vote in favor, and the board unanimously recommends the deal.

• Funding is secured through existing cash and a corporate revolving facility, supported by strong cash generation from record gold production.

• Scheme is subject to shareholder and court approval, with a detailed timetable running from February to June 2026.

Strategic rationale and growth

• Acquisition consolidates Leonora/Laverton gold districts, creating a dominant regional presence and unlocking significant operational synergies.

• Lady Julie project adds 2.2Moz at 1.8g/t Au, boosting group resources to 21Moz and reserves to 5.2Moz.

• Supports the aspirational “ASPIRE 500” strategy, targeting 500koz annual production, with multi-year growth plans and potential mill expansions.

• Substantial conversion opportunities exist, with ~16Moz of resources not yet in reserves, and ongoing studies to bring ounces forward.

• Genesis will have two operating mills (Leonora and Laverton) with potential group milling capacity of 8-9Mtpa post-expansion.

Lady Julie project highlights

• Lady Julie is a high-grade, open-pit development with 2.2Moz resources and 1.0Moz reserves, located ~20km from the Laverton mill.

• Feasibility study outlines 19.8Mt ore mined over 9 years, 92% recovery, and significant cost synergies by combining with Genesis’ Focus tenure.

• Resource has grown rapidly from zero to over 2Moz in less than four years, with ongoing drilling success and extensional upside.

• Removal of tenement boundaries enables larger pit designs and immediate uplift in mineable ounces.

• Chatterbox Trend offers compelling exploration upside along strike and at depth.