Genesis Minerals (GMD) investor relations material

Market and asset overview

• Tier 1 gold assets are increasingly scarce, driving up their value, especially in premier jurisdictions like Western Australia.

• Genesis owns three high-grade, million-ounce reserve assets, focusing on long-term value creation and shareholder returns.

• FY2026 saw record production of 285,000 ounces, a 33% increase, with EBITDA more than doubling to AUD 952 million and a maiden dividend declared.

Growth, operations, and merger rationale

• Organic growth continues with Tower Hill open pit advancing, mining underway, and first ore expected in FY2028.

• Genesis and Vault propose a merger, consolidating complementary assets in Western Australia, unlocking AUD 2 billion in synergy potential.

• The merged group will have three production centers, 33.6 million ounces of resources, and 9.4 million ounces of reserves, with a strong pro forma cash position of AUD 611 million.

Strategic benefits and transaction details

• The merger creates a top three Australian gold miner by market cap and a top 20 global gold miner, targeting completion by late November 2026.

• Genesis shareholders will own 59.8% and Vault shareholders 40.2% of the merged group.

• Synergies include AUD 1.5 billion of unique pre-tax benefits, mainly from proximity of assets and optimized processing strategies.