• Acquisition of Magnetic's 2.2Moz Lady Julie Gold Project to expand Genesis' Laverton footprint
• Opportunity to leverage Genesis' infrastructure and expertise to accelerate Lady Julie's development
• Attractive premium and flexible consideration structure for Magnetic shareholders

Genesis Minerals Limited (ASX: GMD) and Magnetic Resources NL (ASX: MAU) have entered into a binding Scheme Implementation Deed under which Genesis will acquire 100% of the issued shares in Magnetic via a Scheme of Arrangement. Magnetic's flagship Lady Julie Gold Project has a Mineral Resource of ~2.2Moz grading 1.8g/t Au, offering a clear pathway to supply incremental ore to Genesis' operating 3Mtpa Laverton mill located ~20km away. The acquisition significantly expands Genesis' presence on Laverton's emerging Chatterbox Trend with compelling additional exploration upside. Genesis will acquire 100% of Magnetic's shares for A$1.40 cash and 0.0873 new Genesis shares per Magnetic share (approximately 70% cash and 30% scrip) as default consideration, implying a value of A$2.00 per Magnetic share. Magnetic shareholders will also have the option to elect to receive the consideration in 100% cash or 100% Genesis shares, subject to scale back. The transaction delivers an attractive premium of 25-35% to recent Magnetic trading prices and provides Magnetic shareholders with immediate value as well as ongoing exposure to the development of Lady Julie through Genesis' proven technical expertise, strong balance sheet and diversified production base. The acquisition significantly expands Genesis' Laverton Mineral Resources to ~8.4Moz Au, an increase of 40%, and paves the way for an uplift in Genesis' growth strategy to 'ASPIRE 500'.

Genesis' FY2026 production outlook guidance of ~275,000 ounces (mid-point), and 10+ years mine life backed by existing Ore Reserves.