• Tower Hill development progressing ahead of schedule
• Cash and equivalents of A$404m with no bank debt
• FY26 production outlook maintained at 260,000 - 290,000oz at an AISC of A$2,500 - 2,700/oz

Genesis Minerals Ltd reported a record December quarter with production of 74,261oz at an all-in sustaining cost of A$2,635/oz, and a record December half with production of 147,139oz at an all-in sustaining cost of A$2,578/oz. The company's 'ASPIRE 400' growth strategy aims to bring production forward, ahead of the 10-year outlook published in March 2024. At Tower Hill, operational readiness activities are advancing ahead of schedule, with project development being brought forward. FY26 growth capital guidance has increased to A$220 - 240m (previously A$150 - 170m). An updated long-term plan is set for release in the June half 2026, potentially including updated cost assumptions and the outcomes of studies into staged plant expansion(s), including Tower Hill ore processing at an expanded Leonora mill. The company reported cash and equivalents of A$403.6 million at 31st December, representing a cash build of A$216.5 million during the quarter, before repaying A$100.0 million of corporate debt and investing A$76.2 million in growth and exploration. The FY26 production outlook is maintained at 260,000 - 290,000oz at an AISC of A$2,500 - 2,700/oz.

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