Presentation - Magnetic Attraction

• Bolt-on acquisition of Magnetic Resources
• Strengthens Genesis' Laverton inventory and production outlook
• Aspires to produce 500,000 ounces per annum

Genesis Minerals Ltd has announced a recommended offer to acquire 100% of Magnetic Resources NL by way of a court-approved scheme of arrangement. Under the terms of the proposed acquisition, Genesis will acquire 100% of the fully paid ordinary shares in Magnetic for A$1.40 cash and 0.0873 New Genesis Shares for each Magnetic Share, representing a total consideration of approximately 70% cash and 30% scrip. The acquisition will strengthen Genesis' Laverton inventory and production outlook, supporting its aspirational goal of producing 500,000 ounces per annum, known as the 'ASPIRE 500' strategy. The transaction is subject to various conditions, including approval by Magnetic shareholders and the Federal Court of Australia. Further details will be provided in a Scheme Booklet to be released in due course.

Genesis Minerals aspires to produce 500,000 ounces per annum, known as the 'ASPIRE 500' strategy. The acquisition of Magnetic Resources is expected to strengthen Genesis' Laverton inventory and production outlook in support of this aspirational goal.