GMD 0.47% $2.12 genesis minerals limited

Ann: Investor Presentation - RIU Explorers Conference, page-2

  1. 127 Posts.
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    After listening in to this yesterday afternoon a summary for holders is that we can expect the resource update in ~3 weeks however the drilling will continue as they are looking to further expand the resource during the initial stage of mine development.
    The DFS is on track for Q2 which will use the new resource figures and should outline Ulysses as a standalone mining operation - they aim to commence mining in 2022, so it sounds like its going to be a fairly quick start up.
    A further resource upgrade is expected later in the year which will include areas that have had thus far not been included in the resource at all but have had widespread good gold intercepts - drilling for this is happening now with aircore and follow up RC/Diamond will be completed in the coming months.
    The focus of the conference, being an explorers conference was largely geology based which in turn gave decent insight as to the drill targets for the rest of the year, which are plentiful and are along strike/between known deposits. Seems like positive times ahead for GMD.
 
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