• Genesis receives approval for Stage 1 Mining Proposal and Mine Closure Plan at Tower Hill
• Stage 1 development on track for mine in FY27 and first ore in FY28
• Tower Hill located 1km from Leonora processing plant expansion

Genesis Minerals Ltd has received approval from the Department of Mines, Petroleum and Exploration for the Stage 1 Mining Proposal and Mine Closure Plan at its Tower Hill project. This keeps the project on track for mine development in FY27 and first ore in FY28. The Stage 1 approval means Genesis has the flexibility to align the start of mining at Tower Hill with the mill expansion strategy at the nearby Leonora processing plant, enabling the company to optimize the timing of costs and revenues. Tower Hill is located just 1km from the Leonora plant, which is currently the subject of an expansion study. The Tower Hill mine plan comprises a single open pit with a 1Moz Ore Reserve at 2g/t, a strike length of 1.4km and an operating strip ratio of 9:1 (waste:ore). Drilling has intercepted abundant high-grade mineralization, including 55m @ 3.9g/t, 50m @ 5.0g/t, 51m @ 4.4g/t, 50m @ 4.7g/t, 44m @ 5.4g/t, 49m @ 5.5g/t, 51m @ 4.6g/t, and 50m @ 4.8g/t, with the deposit only drill tested to around 450m depth so far. An underground transition study is also advancing.

The Stage 1 approval means Tower Hill is on track for mine development in FY27 and first ore in FY28. Further details on Tower Hill will be provided in Genesis' updated long-term plan set for the June half 2026.