GMD.ASX: Update on Genesis proposal for Vault

Update on Genesis proposal for Vault

Stock	Genesis Minerals Ltd (GMD.ASX)
Release Time	13 Jul 2026, 8:49 a.m.
Price Sensitive	Yes

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Genesis Minerals Updates on Proposal for Vault

Key Points

Regis Resources will not submit a counterproposal to Vault Minerals
Genesis proposal remains open until 7:00am AWST on 14 July 2026
Matching right period under Regis SID expires today
Further announcements planned upon matching right period expiration

Full Summary

Genesis Minerals Limited (ASX:GMD) has announced that Regis Resources Limited (ASX: RRL) will not submit a counterproposal to Vault Minerals Limited (ASX: VAU) under the matching right provisions in the Scheme Implementation Deed between Regis and Vault. Genesis submitted a binding scheme of arrangement proposal for the acquisition of Vault, which the Vault Board has determined to be a 'Vault Superior Proposal'. Under the terms of the Regis SID, Vault is not permitted to enter into a definitive agreement with Genesis until the matching right period expires today. Genesis confirms that the terms of the Genesis Superior Proposal remain unchanged and are open for acceptance by Vault until 7:00am (AWST) tomorrow, 14 July 2026.

Outlook

Genesis Minerals is awaiting the expiration of the matching right period under the Regis SID to proceed with further announcements and investor presentations.