• Genesis more than doubles exploration budget to A$40-50m for FY26
• Drilling results highlight strong potential to increase inventories at Laverton and Leonora assets
• Acquisition of Focus' Laverton project adds 4Moz Resources, bolsters Genesis' portfolio

Genesis Minerals Limited (ASX: GMD) has more than doubled its exploration budget to A$40-50m for FY26, up from A$19.0m spent in FY25 and $14.7m in FY24. The increased budget has already delivered another round of strong drilling results from the prolific Leonora / Laverton District in Western Australia, with recent work focused on the re-started Jupiter open pit mine, the Gwalia underground mine and the Admiral open pit mine. In addition, Genesis highlights multiple thick, high-grade historical drill results at Beasley Creek, part of the recent $250m cash acquisition of Focus' Laverton project. The drilling results demonstrate the strong potential to increase the inventories near the production plants, further underpinning the plant expansion studies now underway. The acquisition of the Laverton project added a large-scale gold project with 4Moz Resources within ~30km of Genesis' Laverton mill, bolstering the company's pro forma Resources and Reserves to 18.7Moz and 4.2Moz respectively. Genesis is focused on maximizing financial returns, and the exploration success is consistent with the company's strategy to de-risk its operations at the same time as growing them by diversifying its ore sources.

Genesis has more than doubled its annual exploration budget to A$40-50m for FY26, up from A$19m spent in FY25, as it aims to drive organic growth through exploration and inventory expansion at its Laverton and Leonora assets.