Genesis Minerals Limited

Notable vs. Peers

• Trading within 7% of its 52-week high — strong recent price momentum.

Lifecycle Milestones

1. Permit granted

   Reached — date not disclosed · The 'Laverton mill' Genesis restarted in Sept-Oct 2024 is the former Mt Morgans processing plant (confirmed via mining-technology.com's project page: the plant sits '25km south-west of Laverton,' and 'construction of the A$197m gold project started in January 2017' under Dacian Gold Limited, commercial production January 2019) -- not part of the Leonora Operations bought from St Barbara. Genesis separately acquired Dacian Gold via takeover (80.08% stake completed Feb 20, 2023; compulsory acquisition to 100% completed Dec 7, 2023), and continues operating the plant through the same subsidiary, Mt Morgans WA Mining Pty Ltd, that Dacian used (confirmed still in use post-acquisition via australianminingreview.com.au's Sept 2024 coverage of the Laverton mill restart, which references 'Mt Morgans WA Mining, a wholly owned subsidiary of Genesis'). The plant's original WA environmental/mining approvals were therefore obtained by Dacian Gold circa 2016, ahead of January 2017 construction start -- years before Genesis owned the asset. No new permit-grant event under Genesis's ownership was found; the 2024 restart reused the existing, already-permitted plant and subsidiary rather than obtaining a fresh grant. Same reused-pre-existing-permit shape as CMCL/Blanket (above) and HL/DRD (Task #646 batch 1). · Source
2. Construction decision (FID)

   Reached — date not disclosed · Genesis Minerals informed the ASX in early September 2024 that it would fast-track the Laverton mill restart, moving processing forward six months ahead of the previously planned schedule amid near-record Australian-dollar gold prices. Exact day not confirmed from available sourcing (source article unreachable at time of writing) -- recorded reached-but-undated based on secondary reporting. · Source
3. Construction start

   Reached — date not disclosed · Following the accelerated-restart announcement (see CONSTRUCTION_DECISION), the Laverton mill was restarted in October 2024, ahead of first gold pour targeted for early November 2024. Exact day not confirmed from available sourcing -- recorded reached-but-undated. · Source
4. First pour / production

   Reached — date not disclosed · First gold pour from the restarted Laverton mill was targeted for early November 2024 per company guidance at the time. Genesis subsequently raised its FY24-25 group production guidance from 162,000-188,000oz to 190,000-210,000oz specifically citing the accelerated Laverton restart, indirect confirmation the mill was in fact producing -- but no single press release independently confirming the exact pour date was located before this research's web-search budget was exhausted. Recorded reached-but-undated (early November 2024) rather than treating the guidance increase as a substitute for a dated production event. · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached, but no single company-wide commercial-production date exists: Genesis Minerals had never produced an ounce of gold before acquiring the Leonora operations (including the historic Gwalia mine, producing continuously in various forms since 1896, most recently under St Barbara) from St Barbara in July 2023, and is now developing the new Tower Hill open pit (mining underway, Stage 2 construction started) alongside continuing Gwalia underground production. FY2026 (year to 30 June 2026) delivered record annual gold production of 285,402 oz at AISC of A$2,670/oz. Because Gwalia's production history long predates Genesis's July 2023 ownership, no single 'Genesis-era' commercial-production date is company-wide/unambiguous. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.