Ann: Reinstatement to Official Quotation, page-2

TRANSFORMATIONAL ACQUISITION OF THE KOOKYNIE GOLD
PROJECT AND ~$19.5M CAPITAL RAISING
Acquisition puts Genesis on a firm growth trajectory towards the establishment
of a significant new standalone gold mining and processing operation at Ulysses
Key Points:
• Genesis enters binding agreement to acquire the Kookynie Gold Project, located
immediately south-east of its flagship Ulysses Gold Project near Leonora in WA.
• The tenement package includes a JORC 2012 Indicated and Inferred Mineral Resource
of 8.53Mt at 1.5g/t Au for 414,000oz.
• As a result of the acquisition, the total Mineral Resource of the Greater Ulysses Project
will increase to 17Mt at 2.34g/t Au for 1.28Moz, providing a strong foundation for the
next stage of Genesis’ development as a future mid-tier Australian gold company.
• A Feasibility Study will commence immediately on a larger standalone gold project at
Ulysses which will be fed by both underground and open pit ore sources, with the study
due to be completed in Q1 CY2021. The study will incorporate the significant feasibility
work already completed on mining the Ulysses Deposit.
• Genesis to be fully funded to aggressively drill and complete a Feasibility Study by
raising up to ~A$19.5m at a price of 4.2c per share, through:
o An Initial Placement to institutional and existing shareholders to raise ~A$10m; and
o A 1-for-6 non-renounceable, fully underwritten Rights Issue to raise up to ~A$9.5m.
• The acquisition consolidates Genesis’ ownership of a key segment of the highly
prospective gold corridor between Ulysses and Orient Well that hosts the 867,000oz1
Ulysses deposit. Upcoming planned drilling activities will include:
o Drilling to confirm and upgrade existing resources in the Ulysses to Orient Well corridor;
o Expanding the known resources at depth and along strike; and
o Targeting new discoveries along the 15km of prospective strike that has been
consolidated through the acquisition.
• Acquisition consideration is A$13.5M, comprising a A$3M upfront cash and share
payment with the full balance of A$10.5M due in six months, plus a 1% net smelter
royalty (NSR) capped at A$5M.
• Infrastructure included in the acquisition includes access roads, haul roads and a fully
permitted bore field. All of the Resources are located on granted Mining Leases.