Quarterly Activities Report - September 2025

• Production running ahead of guidance
• Updated multi-year plan on track for June half 2026
• Key growth strategy elements being implemented

Genesis Minerals Limited (ASX: GMD) has reported a robust start to FY26 with production running ahead of annual guidance, an increasing bank balance and another host of impressive exploration results. Production for the September quarter was 72,878 ounces, a record, comfortably meeting the quarterly run-rate required to deliver FY26 guidance of 260,000 - 290,000oz. AISC was A$2,529/oz, within FY26 guidance of A$2,500 - 2,700/oz. The 'ASPIRE 400' growth strategy aims to bring production forward, ahead of the 10-year outlook published in March 2024. As part of this growth strategy, Genesis is now studying staged mill expansion scenarios, which will form part of the updated long-term plan set for release in the June half of 2026. Open pit mining is underway at Jupiter, providing reliable baseload feed to the adjacent Laverton mill, and studies are well advanced on the mill expansion scenarios at both Leonora and Laverton. The key pillars of this plan are being put in place, giving Genesis valuable options as it establishes the scenarios to deliver the optimum production and financial outcomes.

FY26 production outlook maintained at 260,000 - 290,000oz at an AISC of A$2,500 - 2,700/oz

The 'ASPIRE 400' growth strategy aims to bring production forward, ahead of the 10-year outlook published in March 2024. Key elements include staged processing plant expansion(s), Tower Hill ore processing at an expanded Leonora mill, and processing of recently acquired Focus Laverton ore at an expanded Laverton mill.