Magnetic Resources (MAU) Investor presentation summary

Transaction overview

• Genesis to acquire 100% of Magnetic Resources via a recommended Scheme of Arrangement, valuing Magnetic at approximately A$639 million, with completion targeted for June 2026, subject to approvals.

• 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.

• The offer represents a 25% premium to Magnetic’s last closing price and a 35% premium to its 30-day VWAP.

• Major Magnetic shareholders (19.6% of shares) have agreed to vote in favor of the Scheme.

• Genesis will fund the acquisition through existing cash and undrawn finance facilities.

Strategic rationale and growth

• Acquisition consolidates Genesis’ focus on the Leonora/Laverton region, creating a dominant regional gold producer with 21Moz resources and 5.2Moz reserves pro forma.

• Lady Julie’s 2.2Moz resource is located ~20km from Genesis’ Laverton mill, enabling operational synergies and cost savings by combining assets.

• The deal supports Genesis’ aspirational “ASPIRE 500” goal of producing 500,000oz gold per annum, with updated strategic plans to follow completion.

• Genesis’ production outlook for FY26 is 260–290koz at AISC A$2,500–2,700/oz, with significant growth capital and exploration investment planned.

• The acquisition unlocks exploration upside along the Chatterbox Trend and removes tenement boundary constraints, enhancing resource development.

Lady Julie project highlights

• Lady Julie has rapidly grown to a 2.2Moz resource at 1.8g/t, with 1.0Moz in reserves, and demonstrated robust feasibility with a 9-year mine life and 92% recovery.

• The project’s proximity to Genesis’ infrastructure allows for efficient ore processing and cost-effective development.

• Combining Lady Julie with Genesis’ Focus tenure enables a single large-scale open pit, maximizing operational efficiency.

• Drilling has delivered thick, high-grade intercepts, supporting ongoing resource growth and upside potential.

• The removal of the tenement boundary between Genesis and Magnetic unlocks immediate pit size expansion and further exploration opportunities.