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GENESIS MINERALS LIMITED Capital/Financing Update 2021

Mar 28, 2021

64997_rns_2021-03-28_cf61f8e2-4879-45c9-b0d8-aa19126399b1.pdf

Capital/Financing Update

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Genesis Minerals Limited (ASX: GMD) ASX Announcement – 29 March 2021

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ULYSSES MINERAL RESOURCE INCREASES TO 1.6 MILLION OUNCES FOLLOWING CONTINUED DRILLING SUCCESS

Updated Resource delivers 26% increase in contained ounces, with Measured and Indicated component rising by 32% to 984koz

Key Points:

  • Total Mineral Resource (Measured, Indicated and Inferred) for the 100%-owned Ulysses Gold Project near Leonora in WA increased to:

27.3Mt @ 1.8g/t gold for 1,608,000 ounces of contained gold[1]

  • 26% increase (327,000 ounces) in total contained ounces over the previous June 2020 Mineral Resource.

  • Total Measured and Indicated Mineral Resource increased by 32% (237,000 ounces) to 984,000 ounces. As a result, 61% of the total contained ounces are now in the Measured and Indicated categories.

  • Admiral-Butterfly-Clark Group Deposits:

  • Total combined Mineral Resource for Admiral Group deposits increased by 87% (213,000 ounces) to 459,000 ounces.

  • Orient Well Group Deposits:

  • Total combined Mineral Resource for Orient Well Group deposits increased by 305% (186,000 ounces) to 247,000 ounces.

  • Updated Mineral Resource provides strong foundation for the ongoing Feasibility Study on a standalone gold project at Ulysses. The study is due to be completed in Q2 CY2021.

  • Significant Resource growth opportunities remain through the extension of known Resources and new discoveries. The ongoing drilling program will continue to evaluate these opportunities, with a further Resource update targeted for Q4 CY2021.

Genesis Minerals Limited (ASX: GMD) is pleased to advise that it has taken another important step towards its objective of developing a significant new Australian gold mine at its 100%-owned Ulysses Gold Project near Leonora in WA, with an updated Mineral Resource Estimate that delivers a 26 per cent increase in contained ounces to 1,608,000oz of gold.

The updated Mineral Resource incorporates the results of the highly successful drilling programs completed at the Ulysses Project over the second half of 2020 following the acquisition of the Kookynie tenements.

The updated Measured, Indicated and Inferred Mineral Resource now totals 27.3Mt @ 1.8g/t gold for 1,608,000 ounces of contained gold (refer to Table 1 for full details), which represents an increase of 327,000 ounces over the previous June 2020 Mineral Resource.

Importantly, the higher-confidence Measured and Indicated component has increased by 237,000 ounces (32%) to 984,000 ounces , with this component of the Resource available for conversion to Ore Reserves following the completion of mining studies.

1 Refer to Table 1 of this announcement for details of the Resource estimate for the Ulysses Gold Project

ABN: 72 124 772 041 ASX Code: GMD Unit 6, 1 Clive St www.genesisminerals.com.au West Perth, WA, Australia, 6005 T: +61 8 9322 6178

Genesis Minerals Limited

29 March 2021

Management Comment

Genesis Managing Director, Michael Fowler, said.

“This is a result that confirms the scale and quality of the Ulysses Project, reflecting the outcomes of the highly-successful drilling programs completed over the expanded project area over the past six months. It’s been a fantastic effort and I would like to thank and commend everyone involved on delivering this result.

“The updated Mineral Resource will now form the foundation of our ongoing Feasibility Study on a standalone gold project at Ulysses, which is on-track for delivery next Quarter and is expected to potentially comprise both an open pit and underground mining operation.

“We were very pleased to see a strong increase in the Measured and Indicated components of the Resource, which now total 984,000 ounces, providing a strong foundation from which to deliver our maiden Ore Reserve. This Resource will continue to be updated, with strong growth potential. Drilling is continuing and a further update is expected late this year.

“This puts Genesis firmly on track to become a substantial player in the mid-tier gold space, and we are looking forward to adding further significant value to the Ulysses Project over the coming months and ultimately advancing it towards development and production.”

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Figure 1. Location of Mineral Resources.

Admiral-Butterfly-Clark Group

The total combined Mineral Resource for the Admiral-Butterfly-Clark (“ABC”) Group deposits (see Figure 1) has increased by 87% ( 213,000 ounces ) to 10.3Mt @ 1.4g/t Au for 459,000 ounces. Details of the individual Resources are tabulated in Tables 1 and 2 and shown in plan view in Figures 2 and 3.

The 2020 drill program was successful in confirming historical drilling data and the continuity of mineralisation, as well as upgrading parts of the Inferred Resources for the Admiral, Butterfly and Clark and deposits. Drilling also extended the limits of those deposits.

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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Genesis Minerals Limited

29 March 2021

The combined Admiral, Butterfly and Clark Resource has increased from 245,000 to 339,000 ounces, a 39% increase in contained ounces (see Table 2). Importantly the Measured and Indicated categories have increased by 59,000 ounces from 137,000 ounces to 196,000 ounces for these three deposits, with the grade remaining steady.

Initial Resources were estimated for the King, Danluce and Butterfly North deposits (see Figure 2 and Tables 1 and 2) and have been included in the combined shallow Resource. The inclusion of the King, Danluce and Butterfly North Resources has added 121,000 ounces to the total Mineral Resource.

All Resources remain open, and drilling programs will continue throughout 2021 targeting extensions to all Resources as well as new near-mine discoveries.

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Figure 2. ABC Group Resource locations.

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Figure 3. ABC Group Resource outlines on geology, with all RC and diamond hole collar locations highlighted.

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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Genesis Minerals Limited

29 March 2021

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Figure 4. ABC Group Resource shapes looking grid north (excludes Danluce and King). Resources are all open at depth and along strike.

Orient Well Group

The combined Mineral Resource for the Orient Well Group of deposits (see Figure 5) has increased by 305% (186,000 ounces) to 7.3Mt @ 1.1g/t Au for 247,000 ounces . Details of the individual Resources are tabulated in Tables 1, 3 and 6 and shown in plan view in Figures 5 and 6.

The Orient Well Resource has increased by 210% (128,000 ounces) to 5.43Mt @ 1.1g/t Au for 189,000 ounces .

The inclusion of the Orient Well and King Mineral Resources in the Indicated category has reduced the total Indicated Resource grade for the Ulysses Project, due to the lower-grade nature of these deposits.

The 2020 drill program was successful in confirming historical drilling data at Orient Well, confirming the continuity of mineralisation and upgrading parts of the Inferred Resources for the Orient Well deposit. Drilling also significantly extended the limits of the Orient Well deposit.

Initial Resource estimates were completed for the Orient Well East and Orient Well NW deposits (see Figures 1 and 5). The inclusion of the Orient Well East and NW deposits has added an additional 42,000 ounces to the total Mineral Resource.

The Orient Well, Orient Well East and Orient Well NW deposits remain open and extensions to all of these Resources will continue to be targeted in 2021.

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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Genesis Minerals Limited

29 March 2021

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Figure 5. Orient Well Group Resource locations. All resources are open along strike and at depth.

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Figure 6. Orient Well long section with block model looking local grid west.

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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Genesis Minerals Limited

29 March 2021

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Figure 7. Orient Well oblique view of block model looking west. Red >1.0g/t and Green 0.5 to 1.0 g/t Au

Ulysses

The Ulysses Mineral Resource was reduced by 29,000 ounces to 838,000 ounces as a result of adjusting the portion of the Resource model that is above 0.5g/t Au and constraining the model to a depth of <~130m below surface (previously ~200mbs) to reflect potential development by open pit mining. The Ulysses Resource now stands at 7.74Mt @ 3.4g/t Au for 838,000 ounces.

Drilling in 2020 to upgrade part of the high-grade portion of the Mineral Resource and to define the margins of the Ulysses West shoot, reported at a cut off of 2g/t gold, resulted in a slight increase in the Mineral Resource from 695,000 ounces to 705,000 ounces (refer to Tables 4 and 5 for full details) which will form part of the mining evaluation for the Feasibility Study.

Puzzle

There has been no change to the June 2020 Mineral Resource for the Puzzle deposit.

Next Steps

  • Feasibility Study on track for completion in Q2 2021.

  • Exploration drilling continues with one RC rig currently on site, and an air-core rig due to arrive in May.

  • Drilling targeting significant Resource expansion and new discoveries in ABC area and at Orient Well.

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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Genesis Minerals Limited

29 March 2021

Table 1. Ulysses Project Resource March 2021 Resource Estimate 0.5g/t Cut off above 280mRL 2g/t Below 280mRL

Deposit C
O
G
g/t
Measured Indicated Inferred Total
Tonnes
Au
Au
T
g/t
Ounces
Tonnes
Au
Au
T
g/t
Ounces
Tonnes
Au
Au
T
g/t
Ounces
Tonnes
Au
Au
T
g/t
Ounces
Ulysses
High Grade
Shear
Ulysses East
2.0 658,000
6.1
129,000
137,000
1.3
6,000
908,000
6.3
184,000
2,911,000
2.4
221,000
522,000
1.8
29,000
188,000
8.2
50,000
1,765,000
3.2
183,000
653,000
1.7
36,000
1,754,000
6.4
363,000
4,813,000
2.6
410,000
1,175,000
1.7
65,000
Sub Total 795,000
5.3
135,000
4,341,000
3.1
434,000
2,607,000
3.2
269,000
7,743,000
3.4
838,000
ABC
Admiral
Clark
Butterfly
Butterfly North
King
Danluce
Historic
Stockpiles
0.5
0.5
0.5
0.5
0.5
0.5
1,783,000
2.0
112,000
757,000
1.2
30,000
857,000
2.0
55,000
1,305,000
1.0
42,000
1,671,000
1.4
73,000
946,000
1.2
35,000
779,000
1.4
35,000
623,000
1.4
28,000
591,000
1.0
20,000
958,000
0.9
28,000
80,000
1.1
3,000
3,453,000
1.7
185,000
1,703,000
1.2
65,000
1,636,000
1.7
89,000
623,000
1.4
28,000
1,896,000
1.0
62,000
958,000
0.9
28,000
80,000
1.1
3,000
Sub Total 4,702,000
1.6
238,000
5,649,000
1.2
221,000
10,351,000
1.4
459,000
Orient Well
Orient Well
OW Laterites
Orient Well East
Orient Well NW
Double J
0.5
0.3
0.5
0.5
0.3
3,605,000
1.1
123,000
142,000
0.6
3,000
434,000
0.7
10,000
1,833,000
1.1
66,000
177,000
0.7
4,000
457,000
1.3
19,000
603,000
1.2
23,000
25,000
0.5
400
5,438,000
1.1
189,000
319,000
0.7
7,000
457,000
1.3
19,000
603,000
1.2
23,000
459,000
0.7
10,000
Sub Total 4,180,000
1.0
136,000
3,094,000
1.1
112,000
7,274,000
1.1
247,000
Kookynie
Puzzle
Historic
Stockpile
0.5 1,002,000
1.1
36,000
175,000
0.7
4,000
725,000
1.0
23,000
1,727,000
1.1
59,000
175,000
0.7
4,000
Sub Total 1,177,000
1.1
40,000
725,000
1.0
23,000
1,902,000
1.0
63,000
Project Total 795,000
5.3
135,000
14,400,000
1.8
849,000
12,075,000
1.6
625,000
27,270,000
1.8
1,608,000

NB. Rounding discrepancies may occur

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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Genesis Minerals Limited

29 March 2021

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Figure 8. Regional location plan.

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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Genesis Minerals Limited

29 March 2021

MATERIAL INFORMATION SUMMARY

ADMIRAL-BUTTERFLY-CLARK (ABC) GROUP

A Mineral Resource update for the Admiral, Butterfly and Clark (“ABC”) deposits and revised interpretation of the Danluce, King and Butterfly North deposits was completed in March 2021. Collectively the deposits are referred to as the Admiral deposits, located in the Ulysses Project area. The update was required to incorporate the results of the drilling program carried out by Genesis during 2020. The program has provided increased confidence in the grade and continuity of the deposits.

The Ulysses Project area has been held by a number of operators and has been drilled in several phases since the early 1980’s. Drilling has been focused on the known deposits, some of which have had previous production. Regional exploration has also been completed across the area.

Open pit mining was carried out at Admiral, Butterfly, King and Danluce between 1995 and 1996 by previous operators. No mining has been carried out at Clark and Butterfly North.

Mineralisation within the deposits is visually identifiable due to the strong pyrite-albite-biotite alteration and quartz veining that is present. Mineralisation has been modelled at a 0.3g/t gold envelope and reported at a 0.5g/t cut-off Au for material above 280mRL (130m below surface) and 2.0g/t Au below 280mRL.

Cut-off grades have been applied to this Mineral Resource to reflect the likely limits of open pit and underground operations determined in the ongoing Feasibility Study. A summary of the updated 2021 Admiral Deposits Mineral Resource is provided in Table 2 below.

Table 2: ABC Gold Deposits March 2021 Mineral Resource Estimate (0.5g/t cut-off grade above 280mRL, 2.0g/t cut-off below 280mRL)

Deposit Indicated Inferred **Total **
Tonnes
Au
Mt
g/t
Tonnes
Au
Mt
g/t
Tonnes
Au
Au
Mt
g/t
Ounces
Admiral
Clark
Butterfly
Butterfly North
King
Danluce
1.78
2.0
0.75
1.2
0.85
2.0
1.30
1.0
1.67
1.4
0.94
1.2
0.77
1.4
0.62
1.4
0.59
1.0
0.95
0.9
3.45
1.7
185,000
1.70
1.2
65,000
1.63
1.7
89,000
0.62
1.4
28,000
1.89
1.0
62,000
0.95
0.9
28,000
Total 4.70
1.6
5.57
1.2
10.27
1.4
456,000

Geology and Geological Interpretation

The Admiral Group of deposits lies within the Archaean-aged Norseman to Wiluna greenstone belt. Host rocks comprise a sequence of dolerite and basalt units. Gold mineralisation is associated with a strongly altered, distinctive assemblage of biotite-sericite-albite-pyrite ± carbonate alteration and quartz veining located within regionally extensive NS trending shear zones which take the same name as the deposit they are located on. Depth of complete oxidation varies from 1m to 30m with depth to fresh rock varying from 5 to 50m.

Within the shear zones, discrete zones of mineralisation are typically 2-8m in thickness and dip at 3050[o] to the east. A number of horizons of magnetic dolerite sills occur within the mafic stratigraphy at ABC. Where the main shear cuts through these units, local thickening and increased grade are evident. The zones are visually distinct and typically display sharp boundaries to the mineralisation.

On the northern contact of the dolerite sill with the pillow basalts at Admiral, Clark and Butterfly there is an intense zone of shearing which runs parallel to the lithological contact dipping at 50-60° to the

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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Genesis Minerals Limited

29 March 2021

north. This shear is mineralised over 1.5km strike from the Admiral deposit in the west through Clark to Butterfly in the east. The mineralisation on this contact is referred to as the Hercules shear.

Mineralisation within the Hercules Shear is typically 5 to 12m wide and hosted within highly foliated basalts with intense quartz-carbonate-sericite alteration and associated sulphides.

Drilling in the area extends to a maximum depth of 120m below surface. The mineralisation has been interpreted and estimated to that depth and the mineralisation remains open over much of the 1.5km strike length of the deposits.

Drilling Techniques

The Ulysses project drill database includes records for 22,776 drill holes for a total of 871,580m of drilling. The Admiral Group of Mineral Resources is defined by 1,795 RC, 37 diamond drill holes and 107 grade control holes for a total of 105,006m, the majority of which were angled at -60[o] to grid west or grid south to intersect mineralisation perpendicular to its dip. The upper parts of the deposits have been drilled at 25m by 25m spacings. The lower portions of the deposits have been drilled at hole spacings of 40m to 80m on 25m to 50m spaced cross sections.

The initial resource drilling was completed by previous operators between 1988 and 1996. Genesis drilling since 2020 has concentrated on infill of areas of known mineralisation and identification of the major strike and depth extensions of the deposits. Genesis has not completed any drilling at King or Danluce. All drilling utilised in the King, Danluce and Butterfly North resource estimates are tabulated in Appendices 1, 2 and 3.

Drill hole collars were surveyed in MGA coordinates using RTK GPS. Down hole surveys were recorded for all Genesis drilling using electronic multi-shot survey instruments. The majority of drilling by previous operators has not been down hole surveyed.

Sampling and Sub-sampling Techniques

For RC drilling, a face-sampling hammer was used with samples collected at 1m intervals from mineralised zones with composite sampling of 4m or 5m in unmineralised rocks. Samples were collected through rig-mounted or free standing riffle or cone splitters. Samples were reported to have been kept dry throughout the mineralised zones and visually determined recoveries were good.

Diamond drilling was completed using a HQ or NQ drilling bit for all diamond holes. Core selected from geological observation was cut in half for sampling, with half core samples sent for assay at measured geological intervals.

Sample Analysis Method

Samples from all resource drilling were assayed at contract laboratories using a fire assay technique. The Genesis drilling was assayed at Intertek using a 50g fire assay.

Quality control data was collected from Genesis drilling and included the use of blanks, certified standards and field duplicates. Detailed review of the QAQC data determined that the results were satisfactory and that the drilling database was suitable for resource estimation. Drilling by previous operators has limited quality control data and is limited to field duplicates and inter-laboratory checks.

The Genesis infill drilling supports the previous drill hole data suggesting that there is no problem with the spatial location and grade of mineralisation defined in the historic drilling.

Estimation Methodology

The Admiral, Butterfly, Clark, King and Danluce deposits were estimated using ordinary kriging (“OK”) grade interpolation of 1m composited data within wireframes prepared using nominal 0.3g/t Au envelopes.

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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The Butterfly North deposit was estimated using inverse distance (“ID”) grade interpolation of 1m composited data within wireframes prepared using nominal 0.3g/t Au envelopes.

Interpolation parameters were based on geostatistical analysis and considered the geometry of the individual lodes.

At Admiral a first pass search of 40m with a minimum of 8 samples and a maximum of 24 samples was used which resulted in 73% of the blocks being estimated. A second pass with a search range of 80m filled a further 23% of the blocks. The remaining blocks were filled with a 120m search and minimum of 2 samples.

At Butterfly a first pass search of 25m with a minimum of 8 samples and a maximum of 24 samples was used which resulted in 54% of the blocks being estimated. A second pass with a search range of 50m filled a further 38% of the blocks. The remaining blocks were filled with a 100m search and minimum of 2 samples.

At Clark a first pass search of 40m with a minimum of 8 samples and a maximum of 24 samples was used which resulted in 74% of the blocks being estimated. A second pass with a search range of 80m filled a further 19% of the blocks. The remaining blocks were filled with a 160m search and minimum of 2 samples.

At King a first pass search of 25m with a minimum of 8 samples and a maximum of 24 samples was used which resulted in 80% of the blocks being estimated. A second pass with a search range of 50m filled a further 18% of the blocks. The remaining blocks were filled with a 100m search and minimum of 2 samples.

At Danluce a first pass search of 30m with a minimum of 8 samples and a maximum of 24 samples was used which resulted in 91% of the blocks being estimated. A second pass with a search range of 60m filled a further 6% of the blocks. The remaining blocks were filled with a 120m search and minimum of 2 samples.

At Butterfly North a first pass search of 40m with a minimum of 8 samples and a maximum of 24 samples was used which resulted in 94% of the blocks being estimated. A second pass with a search range of 80m filled the remaining 6% of the blocks.

High grade cuts were applied to different lodes and ranged from 5g/t to 28g/t. These had minimal impact on the estimated grade.

A Surpac block model was used for the estimate with a block size of 10m EW by 10m NS by 5m vertical with sub-cells of 2.5m by 2.5m by 1.25m.

Bulk density values used in the resource estimate were based on determinations from drill core. Values applied to the model were 1.8/m[3] for Oxide, 2.4t/m[3] for Transition and 2.90t/m[3] for Primary.

Mineral Resource Classification

The recent infill drilling has confirmed the continuity and extent of the high grade shoots within the deposit with the majority of holes intersecting mineralisation where planned.

The portion of the deposit defined by detailed drilling at spacings of 25m by 25m or less and displaying good continuity of grade and predictable geometry has been classified as Indicated Mineral Resource.

The peripheral areas of lodes and areas which were drilled at 40-50m centres or sparsely drilled or were variably mineralised were classified as Inferred Mineral Resource. This was generally extrapolated to a distance of up to 50m past drill hole intersections.

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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Genesis Minerals Limited

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Cut-off Grades

The shallow, sub-cropping nature of the deposits and recent mining studies have shown that good potential remains for open pit mining at the project. The Mineral Resource reported by the Company is the portion of the resource model that is above 0.5g/t Au and is constrained to a depth of ~130m below surface to reflect potential development by open pit mining. The 0.5g/t Au cut off reflects open pit mining cost parameters determined in the ongoing mining studies for the Ulysses project. This satisfies the “reasonable prospects of eventual economic extraction” criteria for JORC compliance.

Recent mining studies of the adjacent Ulysses deposit have confirmed that deeper mineralisation with sufficient continuity, grade and thickness can support an underground mining operation. To reflect the higher cut-offs expected with potential underground mining, the portion of the deposit below 280mRL has been reported at a cut-off grade of 2.0g/t Au.

Metallurgy

Extensive metallurgical test work has been carried out as part of the ongoing Feasibility Study confirming that the mineralisation is amenable to conventional cyanide leaching. Ongoing test work by Genesis has confirmed gold recoveries from primary mineralisation to be ~88% to 93%.

Modifying Factors

No modifying factors were applied to the reported Mineral resources. Parameters reflecting mining dilution, ore loss and metallurgical recoveries will be considered during the planned mining evaluation of the project.

The reported Mineral Resource has been depleted to account for existing open pit mining.

ORIENT WELL GROUP

A Mineral Resource update for the Orient Well, and revised interpretation of the Orient Well East and Orient Well North West deposits was completed in March 2021. Collectively the deposits are referred to as the Orient Well Group of deposits, located in the Ulysses Project area. The update was required to incorporate the results of the drilling program carried out by Genesis during 2020. The program has provided increased confidence in the grade and continuity of the Orient Well deposit.

The Ulysses Project area and Orient Well has been held by a number of operators and has been drilled in several phases since the early 1980’s. Drilling has been focussed on the known deposits, some of which have had previous production. Regional exploration has also been conducted across the area.

Open pit mining was carried out at Orient Well between 1995 and 1996 by previous operators. No mining has been carried out at Orient Well East and Orient Well North West.

Mineralisation at the Orient Well deposit is hosted within a felsic intrusive body. A stockwork of quartz veins with associated sulphides is developed over a strike length of 1500m. The mineralisation has been modelled to a depth of 180m below surface and a portion of the upper 50m of the deposit has been previously mined. Mineralisation has been modelled at a 0.2g/t envelope and reported at a 0.5g/t cut-off for material above 280mRL (~130m below surface). Material below 280mRL has been excluded from the Resource.

Cut-off grades have been applied to this Mineral Resource to reflect the likely limits of open pit operations determined in the ongoing Feasibility Study. A summary of the updated 2021 Orient Well Deposits Mineral Resource is provided in Table 3 below.

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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Genesis Minerals Limited

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Table 3: Orient Well Deposits March 2021 Mineral Resource Estimate (0.5g/t cut-off grade above 280mRL)

Deposit Indicated Inferred Total
Tonnes
Au
Mt
g/t
Tonnes
Au
Mt
g/t
Tonnes
Au
Au
Mt
g/t
Ounces
Orient Well
Orient Well East
Orient Well North West
3.60
1.1
1.83
1.1
0.45
1.3
0.60
1.2
5.43
1.1
189,000
0.45
1.3
19,000
0.60
1.2
23,000
Total 3.60
1.1
2.88
1.2
6.48
1.1
231,000

Geology and Geological Interpretation

The Orient Well Group of deposits lies within the Archaean-aged Norseman to Wiluna greenstone belt. Orient Well and Orient Well North West are hosted within a broad (50m wide) felsic rhyolite that has been intruded into layered pillow basalts. Gold mineralisation is associated with a stockwork of quartz veining with quartz--albite+/-sericite + pyrite alteration halos. Depth of complete oxidation varies from 30m to 50m with depth to fresh rock approximately 60m.

Mineralisation at Orient Well East is predominantly hosted within a sub-horizontal, supergene enriched horizon within a weathered mafic host rock.

Drilling in the area extends to a maximum depth of 240m below surface. The mineralisation has been interpreted and estimated to a depth of 180m below surface and remains open over much of the 1.5km strike length of the deposits.

Drilling Techniques

The Ulysses project drill database includes records for 22,776 drill holes for a total of 871,580m of drilling. The Orient Well Group of Mineral Resources is defined by 490 RC and 16 diamond drill holes for a total of 50,261m, the majority of which were angled at -60[o] to grid west to intersect mineralisation perpendicular to its dip. The upper parts of the deposits have been drilled at 25m by 25m spacings. The lower portions of the deposits have been drilled at hole spacings of 40m to 80m on 25m to 50m spaced cross sections.

The initial resource drilling was completed by previous operators between 1988 and 1996. Genesis drilling since 2020 has concentrated on infill of areas of known mineralisation and identification of the major strike and depth extensions of the deposits.

Orient Well North West was discovered by Genesis in 2017 from regional air-core drilling with subsequent resource definition drilling completed in 2018 and 2019.

Genesis has not completed any drilling at Orient Well East.

Drill hole collars were surveyed in MGA coordinates using RTK GPS. Down hole surveys were recorded for all Genesis drilling using electronic multi-shot survey instruments. The majority of drilling by previous operators has not been down hole surveyed

Sampling and Sub-sampling Techniques

For RC drilling, a face-sampling hammer was used with samples collected at 1m intervals from mineralised zones with composite sampling of 4m or 5m in unmineralised rocks. Samples were collected through rig-mounted or free standing riffle or cone splitters. Samples were reported to have been kept dry throughout the mineralised zones and visually determined recoveries were good.

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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Diamond drilling was completed using a HQ or NQ drilling bit for all diamond holes. Core selected from geological observation was cut in half for sampling, with half core samples sent for assay at measured geological intervals.

Sample Analysis Method

Samples from all resource drilling were assayed at contract laboratories using a fire assay technique. The Genesis drilling was assayed at Intertek using a 50g fire assay.

Quality control data was collected from Genesis drilling and included the use of blanks, certified standards and field duplicates. Detailed review of the QAQC data determined that the results were satisfactory and that the drilling database was suitable for resource estimation. Drilling by previous operators has limited quality control data and is limited to field duplicates and inter-laboratory checks.

The Genesis infill drilling supports the previous drill hole data suggesting that there is no problem with the spatial location and grade of mineralisation defined in the historic drilling.

All drilling utilised in the Orient Well East resource estimates is tabulated in Appendix 4.

Estimation Methodology

The major mineralised zones at Orient Well were estimated using ordinary kriging (“OK”) grade interpolation of 1m composited data within wireframes prepared using nominal 0.2g/t Au envelopes.

Minor mineralisation and all mineralisation at Orient Well North West and Orient Well East were estimated using inverse distance (“ID”) grade interpolation of 1m composited data within wireframes prepared using nominal 0.3g/t Au envelopes.

Interpolation parameters were based on geostatistical analysis and considered the geometry of the individual lodes.

At Orient Well a first pass search of 50m with a minimum of 12 samples and a maximum of 24 samples was used which resulted in 98% of the blocks being estimated. The remaining blocks were filled with a second pass search of 100m.

At Orient Well East a first pass search of 50m with a minimum of 4 samples and a maximum of 16 samples was used which resulted in 85% of the blocks being estimated. The remaining blocks were filled with a second pass search of 100m.

At Orient Well North West a first pass search of 40m with a minimum of 8 samples and a maximum of 20 samples was used which resulted in 91% of the blocks being estimated. The remaining blocks were filled with a second pass search of 80m.

High grade cuts were applied to different lodes and ranged from 6g/t to 23g/t. The application of the high-grade cut has a significant impact on the global grade as several samples with values greater than 100g/t were affected.

A Surpac block model was used for the estimate with a block size of 10m EW by 5m NS by 5m vertical with sub-cells of 2.5m by 1.25m by 1.25m.

Bulk density values used in the resource estimate were based on determinations from drill core. Values applied to the model were 1.8/m[3] for Oxide, 2.4t/m[3] for Transition and 2.75t/m[3] for Primary.

Mineral Resource Classification

The recent infill drilling has confirmed the continuity, grade and extent of the mineralisation within the rhyolite.

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The portion of the deposit defined by detailed drilling at 25m by 25m spacing and displaying good continuity of grade and predictable geometry has been classified as Indicated Mineral Resource.

The peripheral areas of mineralisation and areas which were drilled at 50-80m centres or sparsely drilled or were variably mineralised were classified as Inferred Mineral Resource. This was generally extrapolated to a distance of up to 40m past drill hole intersections.

Cut-off Grades

The shallow, sub-cropping nature of the deposits and recent mining studies have shown that good potential remains for open pit mining at the project. The Mineral Resource reported by the Company is the portion of the resource model that is above 0.5g/t Au and is constrained to a depth of ~130m below surface to reflect potential development by open pit mining. The 0.5g/t Au cut off reflects open pit mining cost parameters determined in the ongoing mining studies for the Ulysses project. This satisfies the “reasonable prospects of eventual economic extraction” criteria for JORC compliance.

Metallurgy

Extensive metallurgical test work has been carried out as part of the ongoing Feasibility Study at Orient Well confirming that the mineralisation is amenable to conventional cyanide leaching. Ongoing test work by Genesis has confirmed gold recoveries from primary mineralisation to be ~90% to 94%.

Modifying Factors

No modifying factors were applied to the reported Mineral resources. Parameters reflecting mining dilution, ore loss and metallurgical recoveries will be considered during the planned mining evaluation of the project.

The reported Mineral Resource has been depleted to account for existing open pit mining.

ULYSSES

A Mineral Resource update for the Ulysses deposit was completed in March 2021 by Payne Geological Services Pty Ltd (“PayneGeo”). The update was required to incorporate the results of the shallow drilling program carried out by Genesis during 2020 and 2021. The program has provided increased confidence in the tenor and continuity of the upper parts of the deposit.

The Ulysses Project area has been held by a number of operators and has been drilled in several phases since initial discovery. Drilling has been focussed on the Ulysses deposit, with more regional exploration also conducted.

Open pit mining was carried out in 2002 by a previous operator and Genesis carried out two phases of open pit mining in 2016 and 2017.

The high-grade shoots within the deposit are visually identifiable due to the strong pyrite-albite-biotite alteration that is present and they have been separately modelled and estimated to properly quantify the higher grade mineralisation within the overall Mineral Resource estimate.

Revised cut-off grades have been applied to this Mineral Resource to reflect the likely limits of open pit and underground operations determined in the ongoing Feasibility Study. The inclusion of the recent drilling has increased the overall mineral inventory at the Ulysses deposit by approximately 10,000oz. The reduction in the reported Mineral Resource is entirely due to the changes to the open pit and underground reporting depths and the respective cut-off grades applied. A summary of the updated 2021 Ulysses Mineral Resource is provided in Tables 4 and 5 below.

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Table 4: Ulysses Gold Deposit March 2021 Mineral Resource Estimate (0.5g/t cut-off grade above 280mRL, 2.0g/t cut-off below 280mRL)

Domain Measured Indicated Inferred Total
Tonnes
Au
Mt
g/t
Tonnes
Au
Mt
g/t
Tonnes
Au
Mt
g/t
Tonnes
Au
Au
Mt
g/t
Ounces
HG Shoots
Shear Zone
Ulysses East
0.66
6.1
0.14
1.3
0.91
6.3
2.91
2.4
0.52
1.8
0.19
8.2
1.77
3.2
0.65
1.7
1.75
6.4
363,100
4.81
2.6
409,500
1.18
1.7
65,200
Total 0.79
5.3
4.34
3.1
2.61
3.2
7.74
3.4
837,800

Table 5: Ulysses Gold Deposit March 2021 Mineral Resource Estimate 2.0g/t Au Cut-off

Type Measured Indicated Inferred Total
Tonnes
Au
Mt
g/t
Tonnes
Au
Mt
g/t
Tonnes
Au
Mt
g/t
Tonnes
Au
Au
Mt
g/t
Ounces
Total 0.66
6.1
2.52
4.4
1.66
4.1
4.84
4.5
705,400

Geology and Geological Interpretation

The Ulysses deposit lies within the Archaean-aged Norseman to Wiluna greenstone belt. Host rocks comprise a sequence of dolerite and basalt units. Gold mineralisation is associated with a strongly altered, distinctive assemblage of biotite-sericite-albite-pyrite ± carbonate alteration and quartz veining located within a regionally extensive WNW trending shear zone termed the Ulysses Shear. Depth of complete oxidation is approximately 30m to 40m with depth to fresh rock approximately 45 to 60m.

Within the shear zone, discrete zones of mineralisation are typically 2-8m in thickness and dip at 3050[o] to the north. A number of horizons of magnetic dolerite sills occur within the mafic stratigraphy at Ulysses. Where the main shear cuts through these units, local thickening and increased grade are evident and form plunging shoots with good continuity of grade and thickness over considerable plunge lengths. The zones are visually distinct and typically display sharp boundaries to the mineralisation.

Drilling at Ulysses extends to a maximum depth of 520m below surface. The mineralisation has been interpreted and estimated to that depth and the mineralisation remains open over much of the 2.7km strike length of the deposit.

Drilling Techniques

The Ulysses drill database includes records for 12,359 drill holes for a total of 581,000m of drilling. The Mineral Resource is defined by 658 RC and 135 diamond drill holes for a total of 99,990m, the majority of which were angled at -60[o] to grid south. The upper part of the deposit has been drilled at 25m by 25m spacings, with local in-fill to 12.5m spacings. Grade control drilling at Ulysses West has been carried out at 6.25m by 12.5m spacings. The lower portion of the deposit has been drilled at hole spacings of 40m to 80m on 25m to 50m spaced cross sections.

The initial, shallow resource drilling was completed by previous operators between 1993 and 2002. Genesis drilling since 2015 has been concentrated on infill drilling in the Ulysses West pit area and on defining and infilling the major strike and depth extensions of the deposit.

Drill hole collars were surveyed in MGA coordinates using RTK GPS and were transformed to local grid for interpretation and modelling. Down hole surveys were recorded for the majority of holes using electronic multi-shot survey instruments.

Sampling and Sub-sampling Techniques

For RC drilling, a face-sampling hammer was used with samples collected at 1m intervals from mineralised zones with composite sampling of 4m or 5m in unmineralised rocks. Samples were

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collected through rig-mounted or free standing riffle or cone splitters. Samples were reported to have been kept dry throughout the mineralised zones and visually determined recoveries were good.

Diamond drilling was completed using a HQ or NQ drilling bit for all diamond holes. Core selected from geological observation was cut in half for sampling, with half core samples sent for assay at measured geological intervals.

Sample Analysis Method

Samples from all resource drilling were assayed at contract laboratories using a fire assay technique. The Genesis drilling was assayed at Intertek using a 50g fire assay.

Quality control data was collected from Genesis drilling and included the use of blanks, certified standards and field duplicates. Detailed review of the QAQC data determined that the results were satisfactory and that the drilling database was suitable for resource estimation. The Genesis infill drilling supports the previous drill hole data suggesting that there is no problem with the spatial location and tenor of mineralisation defined in the historic drilling.

Estimation Methodology

The deposit was estimated using ordinary kriging (“OK”) grade interpolation of 1m composited data within wireframes prepared using nominal 0.3g/t Au envelopes. In areas where consistent zones of high grade mineralisation were present, high grade shoots were interpreted using either visually identified alteration boundaries or 2g/t Au assay boundaries. These were modelled as five discrete shoots and lenses within the broader mineralisation envelopes and were estimated separately using hard boundaries.

Interpolation parameters were based on geostatistical analysis and considered the geometry of the individual lodes. A first pass search of 30m with a minimum of 10 samples and a maximum of 22 samples was used which resulted in 15% of the blocks being estimated. A second pass with a search range of 60m filled a further 39% of the blocks. The majority of the remaining blocks were filled with a 120m search and minimum of 2 samples.

High grade cuts were applied to different lodes and ranged from 10g/t to 35g/t. These had negligible impact on the estimated grade.

A Surpac block model was used for the estimate with a block size of 10m EW by 10m NS by 5m vertical with sub-cells of 2.5m by 1.25m by 1.25m.

Bulk density values used in the resource estimate were based on determinations from drill core. Values applied to the model were 2.7t/m[3] for duricrust, 2.0t/m[3] for Oxide, 2.25t/m[3] for Transition and 2.90t/m[3] for Primary mineralisation and 2.95t/m[3] for Primary waste rock.

Mineral Resource Classification

The recent infill drilling has confirmed the continuity and extent of the high grade shoots within the deposit with the majority of holes intersecting mineralisation exactly where planned.

The portion of the deposit defined by detailed drilling at 25m by 12.5m to 25m spacing and displaying excellent continuity of grade and structure has been classified as Measured Mineral Resource.

The portions of the deposit with drill hole spacings of 25m to 50m and displaying reasonable continuity of mineralisation and predictable geometry were classified as Indicated Mineral Resource. Indicated Mineral Resource was also assigned to areas drilled at a spacing of up to 60m where they were extensions of well drilled areas and where the geometry and grade distribution were consistent.

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The peripheral areas of a number of the lodes were sparsely drilled and variably mineralised and were classified as Inferred Mineral Resource. This was generally extrapolated to a distance of up to 40m past drill hole intersections.

Cut-off Grades

The shallow, sub-cropping nature of the deposits and recent mining studies have shown that good potential remains for open pit mining at the project. The Mineral Resource reported by the Company is the portion of the resource model that is above 0.5g/t Au and is constrained to a depth of ~130m below surface to reflect potential development by open pit mining. The 0.5g/t Au cut off reflects open pit mining cost parameters determined in the ongoing mining studies for the Ulysses project. This satisfies the “reasonable prospects of eventual economic extraction” criteria for JORC compliance.

Recent mining studies have confirmed that the deeper mineralisation has sufficient continuity, tenor and thickness to support an underground mining operation. To reflect the higher cut-offs expected with potential underground mining, the portion of the deposit below 280mRL has been reported at a cut-off grade of 2.0g/t Au.

Metallurgy

Extensive metallurgical test work has been carried out as part of the ongoing Feasibility Study at Ulysses confirming that the mineralisation is amenable to conventional cyanide leaching. Ongoing test work by Genesis has confirmed gold recoveries from primary mineralisation to be ~89% to 91%.

Modifying Factors

No modifying factors were applied to the reported Mineral resources. Parameters reflecting mining dilution, ore loss and metallurgical recoveries will be considered during the planned mining evaluation of the project.

The reported Mineral Resource has been depleted to account for existing open pit mining.

ORIENT WELL AND DOUBLE J LATERITE DEPOSITS

A Mineral Resource update for the Orient Well laterite and Double J laterite deposits was completed in March 2021. The Orient Well laterite and Double J laterite deposits are located in the Ulysses Project area. The update was required to incorporate the results of the drilling program carried out by Genesis during 2020 and incorporate new topographic data to capture historic mining depletion.

The Ulysses Project area has been held by a number of operators and has been drilled in several phases since the early 1980’s. Drilling has been focussed on the known deposits some of which have had previous production. Regional exploration has also been conducted across the area.

Open pit mining was carried out at Orient Well laterites between 1995 and 1996 by previous operators. No mining has been carried out at Double J.

Near surface lateritic gold mineralisation is hosted within a 1 to 8 metre (m) thick, transported nodular ferruginous lateritic gravel at or near surface with grades ranging from 0.3-2.0 g/t Au. The resources have been reported at a 0.3g/t cut-off.

A summary of the updated 2021 Laterite Mineral Resource is provided in Table 6 below.

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Table 6: Laterite Gold Deposits March 2021 Mineral Resource Estimate (0.3g/t cut-off grade)

Deposit Indicated Inferred Total
Tonnes
Au
Mt
g/t
Tonnes
Au
Mt
g/t
Tonnes
Au
Au
Mt
g/t
Ounces
Orient Well Laterite
Double J Laterite
0.14
0.6
0.43
0.7
0.17
0.7
0.03
0.5
0.31
0.7
7,000
0.46
0.7
10,000
Total 0.57
0.7
0.20
0.7
0.77
0.7
17,000

Geology and Geological Interpretation

The Laterite gold deposits are located within the Archaean-aged Norseman to Wiluna greenstone belt.

The basement lithology to the Double J prospect comprises a mafic sequence of basalt and dolerites. The area is overlain by approximately 30m of saprolitic clays. The surficial cover comprises of between 1 to 8m of transported nodular ferruginous/lateritic soils and gravel. The majority of the Double J mineralisation is situated within this transported horizon.

Drilling in the area extends to a maximum depth of 25m below surface. The mineralisation in confined to the top 1-8m lateritic horizon near surface.

The laterite mineralisation at Orient Well is located to the south east of the main primary Orient Well mineralisation and the laterite is interpreted to have formed from shedding/leaching off the outcropping primary mineralisation and subsequent re-deposition within the laterite horizon. Mineralisation is 1-10m thick and extends over a distance of nearly 1000m in two distinct zones.

Drilling Techniques

The Ulysses project drill database includes records for 22,776 drill holes for a total of 871,580m of drilling. The Orient Well laterite Mineral Resources is defined by 1,392 RAB, 48 RC and 11 diamond drill holes for a total of 24,620m, the majority of which are shallow (10-15m deep) and drilled vertically to intersect mineralisation perpendicular to its horizontal geometry. The majority of the deposit has been drilled at 10m by 10m spacings. The northern portion of the deposit has been drilled at hole spacings of 40m.

The initial resource drilling was completed by previous operators between 1988 and 1996. Genesis drilling since 2020 has concentrated on definition of the primary Orient well mineralisation with some holes intersecting mineralised laterite at surface, with these results incorporated into the model.

The Double J laterite Mineral Resources is defined by 193 RC drill holes for a total of 1,563m, the majority of which are shallow (10-15m deep) and drilled vertically to intersect mineralisation perpendicular to its horizontal geometry. The majority of the deposit has been drilled at 20m by 20m spacings.

Genesis has not completed any drilling at Double J.

Drill hole collars were surveyed in MGA coordinates using RTK GPS. Down hole surveys were recorded for all Genesis drilling of holes using electronic multi-shot survey instruments. The majority of drilling by previous operators has not been down hole surveyed

Sampling and Sub-sampling Techniques

For RAB drilling at Orient Well Laterites, sampling was carried out at 1m intervals from surface. No details on the sampling methodology were located, however the holes were part of a dedicated laterite drilling program and it is assumed that appropriate methods were employed.

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For RC drilling, a face-sampling hammer was used with samples collected at 1m intervals from mineralised zones with composite sampling of 4m or 5m in unmineralised rocks. Samples were collected through rig-mounted or free standing riffle or cone splitters. Samples were reported to have been kept dry throughout the mineralised zones and visually determined recoveries were good.

Sample Analysis Method

Samples from all resource drilling were assayed at contract laboratories using a fire assay technique. The Genesis drilling was assayed at Intertek using a 50g fire assay.

Quality control data was collected from Genesis drilling and included the use of blanks, certified standards and field duplicates. Detailed review of the QAQC data determined that the results were satisfactory and that the drilling database was suitable for resource estimation. Drilling by previous operators has limited quality control data and is limited to field duplicates and inter-laboratory checks.

The Genesis drilling supports the previous drill hole data suggesting that there is no problem with the spatial location and grade of mineralisation defined in the historic drilling.

All drilling utilised in the Orient Well Laterite resource estimates is tabulated in Appendices 5 and 6.

Estimation Methodology

The Orient Well Laterite deposits was estimated using ordinary kriging (“OK”) grade interpolation of 1m composited data within wireframes prepared using nominal 0.3g/t Au envelopes.

The Double J Laterite deposits was estimated using inverse distance (“ID”) grade interpolation of 1m composited data within wireframes prepared using nominal 0.3g/t Au envelopes.

Interpolation parameters were based on geostatistical parameters, drill hole spacing and the geometry of the individual zones.

At Orient Well a first pass search of 20m with a minimum of 4 samples and a maximum of 16 samples was used which resulted in 89% of the blocks being estimated. A second pass with a search range of 40m filled a further 10% of the blocks. The remaining blocks were filled with an 80m search and minimum of 2 samples.

At Double J a first pass search of 40m with a minimum of 8 samples and a maximum of 24 samples was used which resulted in 94% of the blocks being estimated. A second pass with a search range of 80m filled a further 5% of the blocks. The remaining blocks were filled with a 200m search and minimum of 2 samples.

High grade cuts of 6g/t to 8g/t were applied to the different zones of mineralisation at Orient Well. These had minimal impact on the estimated grade.

No high grade cuts were applied at Double J.

At Orient Well a Surpac block model was used for the estimate with a block size of 5m EW by 5m NS by 1m vertical with sub-cells of 2.5m by 2.5m by 0.25m.

At Double J a Surpac block model was used for the estimate with a block size of 10m EW by 10m NS by 1m vertical with sub-cells of 2.5m by 2.5m by 0.25m.

Bulk density values used in the resource estimate were based on a bulk sample collected by previous operators. A value of 2.0t/m[3] was applied to all laterite mineralisation.

Mineral Resource Classification

The recent infill drilling has confirmed the continuity and extent of the mineralisation.

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The portion of the deposit defined by detailed drilling at 20m by 20m spacing or less and displaying good continuity of grade and predictable geometry has been classified as Indicated Mineral Resource.

The peripheral areas of the laterite and areas which were drilled at 40-50m centres or sparsely drilled or were variably mineralised were classified as Inferred Mineral Resource. This was generally extrapolated to a distance of up to 20m past drill hole intersections.

Cut-off Grades

The shallow, sub-cropping nature of the deposits and recent mining studies have shown that good potential remains for open pit mining at the project. The 0.3g/t Au cut-off for the laterite reflects the zero stripping ratio and the amenability to shallow open pit mining.

Metallurgy

No metallurgical testing has been completed for the laterite mineralisation. Production and processing records from previous operation indicate that the mineralisation is amenable to conventional cyanide leaching with gold recoveries greater than 90% achieved when laterite mineralisation was processed.

Modifying Factors

No modifying factors were applied to the reported Mineral resources. Parameters reflecting mining dilution, ore loss and metallurgical recoveries will be considered during the planned mining evaluation of the project.

The reported Mineral Resource has been depleted to account for existing open pit mining.

LOW GRADE STOCKPILES

A Mineral Resource has been determined for historic stockpiles at the Butterfly and Puzzle deposits located within the Ulysses Project area.

The Ulysses Project area has been held by a number of operators and has been drilled in several phases since the early 1980’s with open pit mining completed at a number of deposits including Butterfly and Puzzle.

No cut-off grades have been applied to this Mineral Resource. A summary of the low grade stockpiles is provided in Table 7 below.

Table 7: Low Grade Stockpiles March 2021 Mineral Resource Estimate

Stockpile Indicated Inferred Total
Tonnes
Au
Mt
g/t
Tonnes
Au
Mt
g/t
Tonnes
Au
Au
Mt
g/t
Ounces
Butterfly Stockpiles
Puzzle Stockpiles
0.17
0.7
0.08
1.1
0.08
1.1
3,000
0.17
0.7
4,000
Total 0.17
0.7
0.08
1.1
0.25
0.8
7,000

Geology and Geological Interpretation

The Butterfly stockpile consists of 5 separate piles located adjacent to the previously mined Butterfly open pit. The piles predominantly consist of fresh rock and contain material recognisable as mineralised when compared to drill core completed at Butterfly.

The Puzzle stockpile consists of a single large pile located adjacent to the previously mined Puzzle open pit. The pile comprises both oxide and primary material.

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Drilling Techniques

No drilling has been completed

Sampling and Sub-sampling Techniques

Grab samples have been collected for all stockpiles with approximately 1 sample collected for every 1,000 tonnes of material identified. Samples were collected from the surface of the piles by hand with approximately 3kg collected for each sample.

83 samples were collected at Butterfly.

55 samples were collected at Puzzle.

Sample Analysis Method

Samples were assayed by commercial laboratory Intertek in Western Australia using a 50g fire assay.

No QAQC samples were submitted as part of the sampling sequence.

The Genesis sampling supports the previous production record data of stockpile grade.

Estimation Methodology

The Puzzle stockpile quantity and grade was based on historical monthly report records. The average grade of Genesis grab samples supports the grade in the monthly report records. Visual inspection of the pile and validation of on ground measurements support the volume of material in the pile.

The Butterfly stockpile was estimated from on ground measurements of each pile and applying a bulk density of 1.8t/m[3] . The grade of the piles was determined from the average grade of the samples from each pile and weighted by the volume of material in each pile. A high grade cut of 10g/t Au was applied to the assays to reduce the influence of extreme values.

Mineral Resource Classification

The Puzzle stockpile has been classified as Indicated Mineral Resource due to the good record keeping in the monthly reports and being supported by recent sampling.

The Butterfly stockpile has been classified as Inferred Mineral Resource due to the uncertainties of the grab sample grades being representative of the entire stockpile.

Cut-off Grades

No cut off grades were applied.

Metallurgy

No metallurgical test work has been completed on the stockpile material. Production and processing records from previous operation indicate that the mineralisation from both Butterfly and Puzzle is amenable to conventional cyanide leaching with gold recoveries greater than 90% likely to be achieved.

Modifying Factors

No modifying factors were applied to the reported Mineral resources. Parameters reflecting mining dilution, ore loss and metallurgical recoveries have not been applied.

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This announcement is approved for release by Michael Fowler, Managing Director for Genesis.

ENDS

For further information, visit: www.genesisminerals.com.au or please contact

Investors: Media: Michael Fowler Nicholas Read Managing Director Read Corporate Genesis Minerals Limited T: +61 8 9322 6178 T: +61 8 9388 1474

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COMPETENT PERSONS’ STATEMENTS

The information in this report that relates to Exploration Results is based on information compiled by Mr. Michael Fowler who is a full-time employee of the Company, a shareholder of Genesis Minerals Limited and is a member of the Australasian Institute of Mining and Metallurgy. Mr. Fowler has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Fowler consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The Information in this report that relates to Mineral Resources is based on information compiled by Mr Paul Payne, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Payne is a full-time employee of Payne Geological Services and is a shareholder of Genesis Minerals Limited. Mr Payne has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Payne consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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Appendix 1 King - Intersections >0.3g/t Au within Mineral Resource

King Resource Intersections King Resource Intersections King Resource Intersections King Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
87BKP001 342,381 6,768,426 429 51 250 -60 4 8 4 1.92
87BKP002 342,402 6,768,437 429 33 250 -60 10 14 4 1.21
87BKP003 342,406 6,768,416 429 21 250 -60 4 6 2 3.40
87BKP004 342,395 6,768,456 429 33 250 -60 18 22 4 1.53
87BKP005 342,370 6,768,446 429 27 250 -60 9 16 7 3.12
87BKP006 342,425 6,768,447 429 27 250 -60 16 19 3 2.44
87BKP007 342,437 6,768,430 429 27 250 -60 8 14 6 1.03
KDH1 342,144 6,768,623 427 50 60 -60 0 14 14 1.47
KDH1 342,144 6,768,623 427 50 60 -60 20 39 19 0.97
KDM001 342,143 6,768,624 427 51 0 -90 0 9 9 0.33
KDM001 342,143 6,768,624 427 51 0 -90 10 43 33 3.35
KDM002 342,332 6,768,533 432 56 0 -90 21 41 20 1.11
KG188 342,127 6,768,595 432 14 0 -90 3 14 11 0.64
KG189 342,135 6,768,600 432 14 0 -90 9 14 5 0.61
KG190 342,144 6,768,605 432 14 0 -90 2 14 12 1.65
KG191 342,152 6,768,610 432 14 0 -90 3 14 11 1.70
KG192 342,161 6,768,616 432 14 0 -90 0 6 6 2.41
KG192 342,161 6,768,616 432 14 0 -90 8 14 6 1.86
KG193 342,169 6,768,621 432 14 0 -90 0 10 10 0.81
KG194 342,178 6,768,626 432 14 0 -90 4 13 9 1.11
KG195 342,186 6,768,631 432 14 0 -90 4 11 7 0.06
KG196 342,195 6,768,637 432 14 0 -90 2 9 7 0.82
KG197 342,204 6,768,642 432 14 0 -90 4 14 10 0.45
KG198 342,212 6,768,647 432 14 0 -90 8 14 6 0.66
KG199 342,221 6,768,652 432 14 0 -90 7 14 7 0.52
KG201 342,137 6,768,589 433 14 0 -90 0 11 11 0.50
KG202 342,145 6,768,594 433 14 0 -90 5 14 9 1.19
KG203 342,153 6,768,599 433 14 0 -90 4 14 10 1.62
KG204 342,162 6,768,604 433 14 0 -90 9 14 5 1.54
KG205 342,170 6,768,610 433 14 0 -90 13 14 1 2.88
KG206 342,178 6,768,615 432 14 0 -90 0 8 8 1.81
KG207 342,187 6,768,621 432 14 0 -90 0 8 8 0.31
KG207 342,187 6,768,621 432 14 0 -90 11 14 3 1.36
KG208 342,196 6,768,626 432 14 0 -90 2 5 3 0.62
KG208 342,196 6,768,626 432 14 0 -90 13 14 1 17.10
KG209 342,204 6,768,631 432 14 0 -90 6 11 5 0.79
KG210 342,213 6,768,636 432 14 0 -90 4 14 10 0.43
KG211 342,221 6,768,641 432 14 0 -90 3 14 11 1.79
KG212 342,230 6,768,646 432 14 0 -90 0 14 14 0.67
KG213 342,198 6,768,516 433 14 0 -90 7 10 3 0.42
KG214 342,212 6,768,512 433 14 0 -90 0 10 10 0.54
KG215 342,222 6,768,517 433 14 0 -90 0 6 6 0.47
KG216 342,230 6,768,523 433 14 0 -90 0 14 14 0.74
KG217 342,225 6,768,509 433 14 0 -90 0 7 7 0.39
KG218 342,235 6,768,515 433 14 0 -90 0 12 12 0.88
KG219 342,239 6,768,517 433 14 0 -90 0 12 12 0.62
KG220 342,243 6,768,520 433 14 0 -90 0 14 14 0.40
KG221 342,251 6,768,525 433 14 0 -90 0 14 14 0.99
KG222 342,255 6,768,529 433 14 0 -90 0 14 14 1.47
KG223 342,259 6,768,531 433 14 0 -90 0 14 14 1.12
KG224 342,268 6,768,535 433 14 0 -90 0 14 14 0.88
KG225 342,273 6,768,538 432 14 0 -90 6 14 8 1.26
KG226 342,261 6,768,519 433 14 0 -90 0 9 9 3.15
KG227 342,269 6,768,523 433 14 0 -90 3 10 7 4.33
KG228 342,278 6,768,529 432 14 0 -90 5 14 9 2.46
KG229 342,384 6,768,560 432 65 0 -90 11 14 3 0.23
KG230 342,232 6,768,490 433 14 0 -90 10 14 4 0.75

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

25

Genesis Minerals Limited

29 March 2021

King Resource Intersections King Resource Intersections King Resource Intersections King Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
KG231 342,271 6,768,513 433 14 0 -90 0 5 5 4.26
KG232 342,279 6,768,518 433 14 0 -90 0 7 7 1.34
KG233 342,284 6,768,521 433 14 0 -90 6 12 6 1.83
KG234 342,305 6,768,533 432 14 0 -90 12 14 2 0.83
KG235 342,313 6,768,539 432 14 0 -90 11 14 3 0.30
KG236 342,276 6,768,504 433 14 0 -90 0 10 10 0.89
KG237 342,285 6,768,510 433 14 0 -90 3 10 7 0.98
KG238 342,277 6,768,493 433 14 0 -90 0 5 5 1.30
KG239 342,282 6,768,496 433 14 0 -90 0 5 5 0.79
KG240 342,290 6,768,501 433 14 0 -90 7 9 2 5.15
KG241 342,294 6,768,504 433 14 0 -90 7 11 4 1.11
KG243 342,286 6,768,487 433 14 0 -90 1 10 9 0.87
KG244 342,295 6,768,493 433 14 0 -90 6 13 7 2.20
KG245 342,287 6,768,476 433 14 0 -90 0 7 7 0.72
KG246 342,292 6,768,478 433 14 0 -90 0 14 14 0.64
KG247 342,296 6,768,481 433 14 0 -90 0 13 13 1.05
KG248 342,300 6,768,484 433 14 0 -90 3 14 11 1.02
KG250 342,297 6,768,470 433 14 0 -90 2 12 10 0.84
KG251 342,305 6,768,476 433 14 0 -90 6 11 5 1.23
KG252 342,306 6,768,464 432 14 0 -90 0 9 9 0.92
KG253 342,311 6,768,467 432 14 0 -90 2 6 4 1.29
KG254 342,315 6,768,469 432 14 0 -90 5 11 6 0.60
KG255 342,311 6,768,456 432 14 0 -90 0 6 6 0.12
KG256 342,320 6,768,461 432 14 0 -90 0 1 1 3.00
KG257 342,329 6,768,466 432 14 0 -90 3 6 3 1.55
KG258 342,325 6,768,453 432 13 0 -90 7 13 6 2.54
KG259 342,334 6,768,458 432 13 0 -90 4 13 9 0.55
KG262 342,326 6,768,442 432 13 0 -90 1 9 8 0.90
KG263 342,335 6,768,447 432 13 0 -90 1 10 9 2.60
KG264 342,344 6,768,452 432 13 0 -90 7 13 6 4.45
KG265 342,331 6,768,433 432 13 0 -90 0 4 4 0.58
KG266 342,336 6,768,435 432 13 0 -90 0 7 7 3.26
KG267 342,344 6,768,441 432 13 0 -90 4 8 4 2.64
KG268 342,349 6,768,443 432 13 0 -90 5 10 5 4.13
KG269 342,341 6,768,427 432 13 0 -90 0 6 6 1.46
KG270 342,349 6,768,432 432 13 0 -90 0 6 6 2.12
KG271 342,358 6,768,437 431 13 0 -90 5 9 4 1.89
KG272 342,346 6,768,419 432 12 0 -90 5 9 4 20.73
KG273 342,355 6,768,424 432 12 0 -90 0 2 2 0.53
KG274 342,359 6,768,426 431 12 0 -90 0 4 4 4.39
KG275 342,363 6,768,429 431 12 0 -90 0 5 5 4.50
KG276 342,367 6,768,431 431 12 0 -90 3 6 3 2.78
KG277 342,372 6,768,436 431 12 0 -90 5 8 3 1.72
KG278 342,362 6,768,416 431 12 0 -90 2 4 2 0.72
KG279 342,373 6,768,423 431 12 0 -90 1 4 3 0.81
KG280 342,381 6,768,429 431 12 0 -90 4 10 6 0.22
KG281 342,390 6,768,433 431 12 0 -90 4 8 4 1.02
KG282 342,374 6,768,412 431 12 0 -90 2 5 3 0.78
KG283 342,382 6,768,417 431 12 0 -90 2 7 5 1.14
KG284 342,387 6,768,420 431 12 0 -90 3 7 4 0.42
KG285 342,391 6,768,422 431 12 0 -90 4 8 4 1.09
KG286 342,400 6,768,427 431 12 0 -90 0 10 10 0.40
KG289 342,143 6,768,587 433 14 0 -90 0 9 9 0.10
KG290 342,211 6,768,629 432 14 0 -90 5 13 8 1.98
KG291 342,220 6,768,634 432 14 0 -90 5 14 9 0.75
KG292 342,228 6,768,639 432 14 0 -90 0 13 13 0.77
KG293 342,150 6,768,586 433 14 0 -90 0 3 3 0.40
KG294 342,159 6,768,591 433 14 0 -90 3 13 10 0.47

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

26

Genesis Minerals Limited

29 March 2021

King Resource Intersections King Resource Intersections King Resource Intersections King Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
KG295 342,167 6,768,596 433 14 0 -90 2 14 12 1.16
KG296 342,176 6,768,601 433 14 0 -90 10 14 4 1.21
KG298 342,194 6,768,612 432 14 0 -90 0 8 8 2.03
KG298 342,194 6,768,612 432 14 0 -90 12 14 2 0.72
KG299 342,202 6,768,617 432 14 0 -90 3 11 8 0.45
KG300 342,210 6,768,622 432 14 0 -90 5 8 3 2.48
KG300 342,210 6,768,622 432 14 0 -90 11 14 3 0.69
KG301 342,169 6,768,592 433 14 0 -90 8 14 6 1.57
KG302 342,174 6,768,595 433 14 0 -90 5 14 9 4.64
KG303 342,208 6,768,615 432 14 0 -90 0 4 4 0.59
KG303 342,208 6,768,615 432 14 0 -90 10 14 4 0.23
KG304 342,168 6,768,585 433 14 0 -90 0 3 3 1.39
KG305 342,176 6,768,590 433 14 0 -90 6 14 8 1.57
KG306 342,184 6,768,595 433 14 0 -90 5 14 9 1.68
KG307 342,193 6,768,600 432 14 0 -90 12 14 2 0.84
KG308 342,201 6,768,605 432 14 0 -90 6 14 8 0.92
KG309 342,210 6,768,610 432 14 0 -90 8 14 6 0.88
KG310 342,219 6,768,616 432 14 0 -90 10 14 4 0.39
KG311 342,175 6,768,583 433 14 0 -90 0 9 9 0.40
KG312 342,217 6,768,609 432 14 0 -90 12 14 2 0.62
KG313 342,181 6,768,582 433 14 0 -90 0 9 9 0.49
KG314 342,191 6,768,587 433 14 0 -90 0 13 13 0.75
KG315 342,199 6,768,592 432 14 0 -90 1 13 12 1.09
KG316 342,208 6,768,597 432 14 0 -90 5 14 9 4.79
KG317 342,216 6,768,602 432 14 0 -90 11 14 3 1.52
KG320 342,212 6,768,589 432 14 0 -90 11 14 3 1.25
KG322 342,156 6,768,518 433 14 0 -90 3 7 4 0.64
KG323 342,165 6,768,524 433 14 0 -90 12 14 2 0.61
KG325 342,161 6,768,510 433 14 0 -90 1 5 4 0.61
KG326 342,170 6,768,516 433 14 0 -90 3 8 5 0.45
KG327 342,178 6,768,521 433 14 0 -90 7 14 7 0.60
KG328 342,206 6,768,514 433 14 0 -90 2 12 10 1.72
KG329 342,214 6,768,519 433 14 0 -90 0 12 12 0.72
KG330 342,223 6,768,524 433 14 0 -90 0 12 12 0.58
KG331 342,232 6,768,530 433 14 0 -90 5 14 9 0.35
KG332 342,240 6,768,535 433 14 0 -90 5 7 2 3.68
KG333 342,228 6,768,516 433 14 0 -90 0 8 8 2.54
KG334 342,237 6,768,521 433 14 0 -90 0 12 12 0.63
KG335 342,245 6,768,526 433 14 0 -90 0 14 14 0.82
KG336 342,254 6,768,532 433 14 0 -90 0 14 14 1.05
KG337 342,262 6,768,537 432 14 0 -90 2 14 12 1.17
KG338 342,270 6,768,542 432 14 0 -90 6 14 8 0.44
KG339 342,282 6,768,543 432 14 0 -90 11 14 3 2.90
KG340 342,233 6,768,507 433 14 0 -90 1 7 6 2.60
KG341 342,242 6,768,513 433 14 0 -90 0 7 7 1.98
KG342 342,251 6,768,518 433 14 0 -90 0 4 4 0.86
KG343 342,259 6,768,523 433 14 0 -90 0 14 14 2.15
KG344 342,268 6,768,528 433 14 0 -90 2 14 12 0.67
KG345 342,276 6,768,534 432 14 0 -90 5 14 9 1.32
KG346 342,287 6,768,534 432 14 0 -90 7 14 7 1.56
KG347 342,221 6,768,489 433 14 0 -90 8 14 6 0.10
KG348 342,231 6,768,494 433 14 0 -90 8 14 6 0.72
KG349 342,239 6,768,499 433 14 0 -90 13 14 1 0.72
KG349 342,239 6,768,499 433 14 0 -90 1 10 9 0.46
KG350 342,264 6,768,515 433 14 0 -90 0 10 10 0.88
KG351 342,281 6,768,525 432 14 0 -90 8 14 6 0.34
KG352 342,226 6,768,480 433 14 0 -90 13 14 1 3.41
KG354 342,243 6,768,490 433 14 0 -90 11 14 3 2.40

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

27

Genesis Minerals Limited

29 March 2021

King Resource Intersections King Resource Intersections King Resource Intersections King Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
KG355 342,278 6,768,511 433 14 0 -90 0 10 10 2.35
KG356 342,287 6,768,517 432 14 0 -90 8 12 4 2.97
KG357 342,289 6,768,512 432 14 0 -90 6 10 4 1.54
KG358 342,275 6,768,498 433 14 0 -90 0 4 4 1.45
KG359 342,291 6,768,508 432 14 0 -90 8 11 3 2.61
KG360 342,280 6,768,489 433 14 0 -90 0 5 5 0.50
KG361 342,288 6,768,494 433 14 0 -90 0 11 11 0.36
KG362 342,296 6,768,499 432 14 0 -90 6 11 5 2.22
KG363 342,305 6,768,505 432 14 0 -90 10 14 4 0.18
KG364 342,278 6,768,482 433 14 0 -90 0 7 7 5.53
KG365 342,303 6,768,498 432 14 0 -90 7 14 7 0.73
KG366 342,286 6,768,481 433 14 0 -90 0 8 8 2.04
KG367 342,293 6,768,485 432 14 0 -90 0 14 14 0.70
KG368 342,301 6,768,491 432 14 0 -90 8 14 6 0.61
KG369 342,310 6,768,496 432 14 0 -90 11 14 3 1.63
KG370 342,309 6,768,490 432 14 0 -90 10 14 4 2.36
KG371 342,290 6,768,472 433 14 0 -90 0 6 6 0.59
KG372 342,298 6,768,477 433 14 0 -90 5 12 7 2.92
KG373 342,307 6,768,482 432 14 0 -90 10 14 4 1.22
KG374 342,315 6,768,488 432 14 0 -90 12 14 2 5.13
KG375 342,314 6,768,481 432 14 0 -90 10 14 4 1.54
KG376 342,300 6,768,466 433 14 0 -90 0 12 12 0.73
KG377 342,308 6,768,471 432 14 0 -90 6 11 5 1.28
KG378 342,316 6,768,476 432 14 0 -90 10 12 2 1.03
KG379 342,323 6,768,475 432 14 0 -90 12 14 2 0.36
KG380 342,313 6,768,463 432 14 0 -90 0 5 5 0.64
KG381 342,322 6,768,468 432 14 0 -90 4 8 4 0.48
KG382 342,330 6,768,473 432 14 0 -90 11 14 3 0.31
KG383 342,337 6,768,472 432 14 0 -90 8 14 6 1.09
KG384 342,318 6,768,454 432 13 0 -90 5 9 4 0.48
KG385 342,335 6,768,465 432 13 0 -90 6 13 7 0.25
KG386 342,344 6,768,470 432 13 0 -90 11 13 2 1.04
KG387 342,342 6,768,463 432 13 0 -90 10 13 3 1.46
KG388 342,328 6,768,448 432 13 0 -90 6 11 5 3.20
KG389 342,336 6,768,453 432 13 0 -90 5 12 7 0.91
KG390 342,344 6,768,458 432 13 0 -90 10 13 3 0.98
KG391 342,333 6,768,440 432 13 0 -90 2 8 6 8.53
KG392 342,342 6,768,445 432 13 0 -90 7 12 5 2.39
KG393 342,350 6,768,450 432 13 0 -90 7 13 6 8.05
KG394 342,327 6,768,431 432 13 0 -90 0 2 2 0.43
KG395 342,353 6,768,446 432 13 0 -90 10 13 3 3.69
KG396 342,357 6,768,449 431 13 0 -90 12 13 1 3.78
KG397 342,334 6,768,429 432 13 0 -90 0 3 3 2.21
KG398 342,342 6,768,434 432 13 0 -90 0 6 6 3.46
KG399 342,351 6,768,439 432 13 0 -90 0 9 9 2.47
KG400 342,360 6,768,445 431 13 0 -90 7 13 6 1.43
KG401 342,364 6,768,447 431 13 0 -90 9 13 4 1.90
KG402 342,336 6,768,424 432 13 0 -90 0 3 3 2.14
KG403 342,366 6,768,442 431 13 0 -90 10 13 3 1.84
KG405 342,344 6,768,423 432 13 0 -90 0 3 3 3.29
KG406 342,353 6,768,428 432 13 0 -90 0 5 5 3.02
KG407 342,360 6,768,433 431 13 0 -90 4 6 2 5.02
KG408 342,337 6,768,413 432 13 0 -90 6 9 3 2.19
KG410 342,343 6,768,416 432 12 0 -90 1 8 7 1.55
KG411 342,376 6,768,437 431 12 0 -90 5 9 4 2.58
KG412 342,344 6,768,412 432 12 0 -90 5 9 4 0.33
KG413 342,353 6,768,417 432 12 0 -90 0 6 6 0.65
KG414 342,361 6,768,422 431 12 0 -90 0 4 4 5.13

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

28

Genesis Minerals Limited

29 March 2021

King Resource Intersections King Resource Intersections King Resource Intersections King Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
KG415 342,367 6,768,425 431 12 0 -90 0 4 4 2.45
KG416 342,378 6,768,432 431 12 0 -90 5 7 2 2.09
KG417 342,387 6,768,438 431 12 0 -90 7 9 2 27.43
KG418 342,352 6,768,410 432 12 0 -90 2 7 5 0.45
KG419 342,398 6,768,439 431 12 0 -90 7 12 5 2.05
KG420 342,359 6,768,409 431 12 0 -90 2 5 3 0.69
KG421 342,367 6,768,414 431 12 0 -90 0 3 3 0.41
KG422 342,384 6,768,423 431 12 0 -90 2 5 3 0.53
KG423 342,392 6,768,429 431 12 0 -90 5 8 3 1.25
KG424 342,401 6,768,435 431 12 0 -90 5 9 4 1.59
KG425 342,367 6,768,408 431 12 0 -90 3 6 3 0.34
KG426 342,408 6,768,433 431 12 0 -90 6 12 6 0.87
KG427 342,371 6,768,405 431 12 0 -90 3 5 2 0.59
KG428 342,380 6,768,410 431 12 0 -90 4 7 3 0.92
KG429 342,389 6,768,415 431 12 0 -90 5 9 4 2.08
KG430 342,398 6,768,420 431 12 0 -90 4 8 4 0.57
KG431 342,406 6,768,426 431 12 0 -90 5 7 2 0.87
KG434 342,396 6,768,414 431 12 0 -90 0 2 2 0.92
KG435 342,404 6,768,419 431 12 0 -90 0 2 2 0.68
KG436 342,413 6,768,424 431 12 0 -90 4 7 3 1.01
KG444 342,386 6,768,437 431 12 0 -90 7 9 2 3.18
KG445 342,383 6,768,441 431 12 0 -90 10 12 2 8.13
KG446 342,390 6,768,445 431 12 0 -90 11 12 1 0.30
KG447 342,375 6,768,442 431 13 0 -90 8 12 4 1.31
KG448 342,326 6,768,436 432 8 0 -90 0 7 7 1.11
KG449 342,319 6,768,438 432 8 0 -90 0 6 6 1.03
KG450 342,350 6,768,456 432 13 0 -90 10 13 3 2.87
KG451 342,316 6,768,441 432 8 0 -90 0 6 6 0.80
KG452 342,322 6,768,445 432 10 0 -90 3 10 7 1.39
KG453 342,319 6,768,449 432 10 0 -90 3 10 7 0.07
KG454 342,305 6,768,458 433 10 0 -90 0 10 10 0.17
KG456 342,295 6,768,457 433 8 0 -90 0 5 5 0.18
KG459 342,300 6,768,461 433 10 0 -90 3 9 6 0.59
KG461 342,285 6,768,463 433 10 0 -90 4 7 3 0.41
KG462 342,291 6,768,467 433 12 0 -90 0 7 7 0.56
KG463 342,278 6,768,464 433 10 0 -90 3 5 2 0.06
KG464 342,284 6,768,468 433 10 0 -90 0 7 7 0.37
KG465 342,274 6,768,474 433 12 0 -90 0 7 7 0.27
KG466 342,280 6,768,477 433 12 0 -90 0 7 7 1.41
KG467 342,272 6,768,479 433 10 0 -90 0 6 6 0.42
KG468 342,271 6,768,490 433 10 0 -90 0 2 2 0.65
KG469 342,270 6,768,501 433 10 0 -90 0 9 9 0.22
KG470 342,295 6,768,516 432 10 0 -90 9 10 1 0.51
KG471 342,266 6,768,504 433 10 0 -90 5 8 3 1.15
KG472 342,272 6,768,508 433 10 0 -90 0 9 9 0.67
KG473 342,265 6,768,509 433 10 0 -90 0 7 7 0.70
KG474 342,290 6,768,524 432 10 0 -90 9 10 1 0.90
KG475 342,258 6,768,511 433 10 0 -90 0 10 10 0.57
KG477 342,282 6,768,537 432 14 0 -90 6 14 8 3.39
KG478 342,288 6,768,541 432 14 0 -90 11 14 3 1.77
KG479 342,239 6,768,528 433 14 0 -90 0 11 11 0.66
KG480 342,245 6,768,532 433 14 0 -90 0 13 13 0.34
KG481 342,258 6,768,540 433 14 0 -90 2 10 8 0.78
KG482 342,264 6,768,544 432 14 0 -90 7 14 7 1.70
KG483 342,218 6,768,627 432 14 0 -90 4 8 4 0.98
KG484 342,227 6,768,632 432 14 0 -90 4 12 8 0.64
KG485 342,235 6,768,638 432 14 0 -90 0 12 12 0.46
KG486 342,234 6,768,643 432 14 0 -90 0 14 14 0.73

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

29

Genesis Minerals Limited

29 March 2021

King Resource Intersections King Resource Intersections King Resource Intersections King Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
KG487 342,240 6,768,646 432 14 0 -90 0 11 11 0.79
KG488 342,185 6,768,636 432 14 0 -90 5 14 9 1.13
KG489 342,193 6,768,641 432 14 0 -90 8 14 6 0.93
KG490 342,181 6,768,640 432 14 0 -90 7 14 7 0.48
KRC0243 342,152 6,768,534 428 36 0 -90 24 28 4 0.19
KRC1 342,134 6,768,641 432 55 0 -90 14 35 21 1.22
KRC10 342,172 6,768,617 432 48 0 -90 0 10 10 0.61
KRC10 342,172 6,768,617 432 48 0 -90 15 38 23 1.54
KRC100 342,099 6,768,621 432 40 0 -90 3 18 15 0.66
KRC100 342,099 6,768,621 432 40 0 -90 39 40 1 0.32
KRC101 342,089 6,768,638 432 40 0 -90 4 18 14 1.01
KRC101 342,089 6,768,638 432 40 0 -90 29 40 11 0.38
KRC103 342,214 6,768,665 432 49 0 -90 39 44 5 1.53
KRC104 342,222 6,768,648 432 40 0 -90 0 19 19 0.73
KRC104 342,222 6,768,648 432 40 0 -90 27 39 12 0.37
KRC105 342,232 6,768,630 432 40 0 -90 0 11 11 0.35
KRC105 342,232 6,768,630 432 40 0 -90 13 40 27 0.64
KRC106 342,240 6,768,617 432 35 0 -90 24 35 11 0.60
KRC107 342,333 6,768,532 432 51 0 -90 21 40 19 1.31
KRC108 342,342 6,768,516 432 40 0 -90 24 39 15 0.91
KRC109 342,239 6,768,659 432 50 0 -90 10 21 11 0.39
KRC109 342,239 6,768,659 432 50 0 -90 40 49 9 0.32
KRC11 342,188 6,768,627 432 30 0 -90 2 12 10 0.78
KRC11 342,188 6,768,627 432 30 0 -90 14 27 13 1.21
KRC110 342,256 6,768,669 431 45 0 -90 32 37 5 0.80
KRC110 342,256 6,768,669 431 45 0 -90 11 17 6 1.03
KRC111 342,273 6,768,679 431 50 0 -90 41 50 9 0.17
KRC111 342,273 6,768,679 431 50 0 -90 11 18 7 0.38
KRC112 342,317 6,768,683 430 55 0 -90 26 43 17 1.38
KRC112 342,317 6,768,683 430 55 0 -90 8 13 5 0.82
KRC113 342,300 6,768,673 431 45 0 -90 27 42 15 0.26
KRC113 342,300 6,768,673 431 45 0 -90 6 16 10 2.28
KRC114 342,334 6,768,693 430 45 0 -90 35 39 4 0.60
KRC114 342,334 6,768,693 430 45 0 -90 13 24 11 0.71
KRC115 342,353 6,768,701 430 45 0 -90 33 43 10 0.28
KRC115 342,353 6,768,701 430 45 0 -90 16 23 7 0.39
KRC116 342,369 6,768,714 430 54 0 -90 40 51 11 0.66
KRC116 342,369 6,768,714 430 54 0 -90 16 20 4 0.54
KRC117 342,361 6,768,686 431 48 0 -90 44 48 4 0.51
KRC117 342,361 6,768,686 431 48 0 -90 24 29 5 0.36
KRC118 342,379 6,768,696 431 62 0 -90 50 62 12 1.26
KRC118 342,379 6,768,696 431 62 0 -90 23 37 14 0.40
KRC119 342,397 6,768,705 431 50 0 -90 27 33 6 0.56
KRC12 342,205 6,768,638 432 30 0 -90 0 15 15 0.59
KRC12 342,205 6,768,638 432 30 0 -90 21 29 8 1.10
KRC120 342,389 6,768,678 431 51 0 -90 31 39 8 0.31
KRC125 342,386 6,768,478 431 40 0 -90 30 36 6 2.04
KRC126 342,437 6,768,465 430 40 0 -90 23 32 9 1.70
KRC128 342,271 6,768,563 432 48 0 -90 15 22 7 0.73
KRC129 342,353 6,768,497 431 42 0 -90 30 38 8 1.01
KRC13 342,164 6,768,589 433 30 0 -90 2 11 9 0.15
KRC130 342,283 6,768,663 431 53 0 -90 21 25 4 3.23
KRC131 342,370 6,768,507 431 48 0 -90 39 48 9 1.27
KRC132 342,364 6,768,480 431 36 0 -90 20 31 11 1.76
KRC134 342,266 6,768,651 431 45 0 -90 14 21 7 0.75
KRC135 342,380 6,768,492 431 48 0 -90 37 41 4 0.62
KRC137 342,405 6,768,488 431 40 0 -90 34 39 5 0.81
KRC138 342,250 6,768,641 432 50 0 -90 5 16 11 0.70

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

30

Genesis Minerals Limited

29 March 2021

King Resource Intersections King Resource Intersections King Resource Intersections King Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
KRC138 342,250 6,768,641 432 50 0 -90 25 50 25 0.42
KRC139 342,082 6,768,611 433 42 0 -90 0 18 18 0.83
KRC139 342,082 6,768,611 433 42 0 -90 20 41 21 0.37
KRC14 342,183 6,768,600 433 30 0 -90 9 29 20 0.86
KRC140 342,072 6,768,626 432 39 0 -90 6 38 32 0.56
KRC142 342,093 6,768,592 433 42 0 -90 5 21 16 0.79
KRC144 342,066 6,768,599 433 42 0 -90 0 5 5 2.24
KRC144 342,066 6,768,599 433 42 0 -90 7 27 20 0.41
KRC145 342,055 6,768,616 433 21 0 -90 2 21 19 0.60
KRC146 342,038 6,768,605 433 37 0 -90 3 33 30 0.39
KRC147 342,021 6,768,595 433 40 0 -90 0 33 33 0.42
KRC148 342,004 6,768,584 433 40 0 -90 0 24 24 0.57
KRC149 341,988 6,768,574 433 40 0 -90 4 17 13 0.54
KRC15 342,199 6,768,610 432 30 0 -90 0 8 8 0.43
KRC15 342,199 6,768,610 432 30 0 -90 9 30 21 1.29
KRC150 341,994 6,768,602 433 40 0 -90 0 18 18 0.61
KRC151 342,361 6,768,521 431 50 0 -90 34 42 8 1.31
KRC152 342,350 6,768,538 431 61 0 -90 30 45 15 1.31
KRC153 342,339 6,768,555 432 53 0 -90 22 43 21 1.30
KRC154 342,458 6,768,476 430 55 0 -90 43 45 2 6.37
KRC155 342,469 6,768,459 430 45 0 -90 35 39 4 2.08
KRC156 342,479 6,768,442 430 45 0 -90 27 36 9 0.57
KRC16 342,214 6,768,620 432 34 0 -90 0 7 7 0.20
KRC16 342,214 6,768,620 432 34 0 -90 10 32 22 0.46
KRC161 342,378 6,768,416 431 67 0 -90 3 5 2 0.99
KRC165 342,094 6,768,497 434 42 0 -90 9 24 15 0.68
KRC167 342,346 6,768,677 431 58 0 -90 32 58 26 0.42
KRC167 342,346 6,768,677 431 58 0 -90 18 25 7 0.19
KRC168 342,329 6,768,666 431 59 0 -90 20 53 33 0.71
KRC168 342,329 6,768,666 431 59 0 -90 8 10 2 0.29
KRC169 342,312 6,768,656 431 53 0 -90 28 47 19 0.45
KRC170 342,296 6,768,645 431 53 0 -90 24 47 23 0.32
KRC171 342,279 6,768,635 431 53 0 -90 20 35 15 1.16
KRC172 342,262 6,768,625 432 59 0 -90 9 22 13 0.25
KRC172 342,262 6,768,625 432 59 0 -90 45 54 9 0.37
KRC173 342,340 6,768,650 431 56 0 -90 44 51 7 0.36
KRC174 342,323 6,768,639 431 59 0 -90 30 36 6 0.74
KRC174 342,323 6,768,639 431 59 0 -90 47 58 11 0.71
KRC175 342,373 6,768,577 432 53 0 -90 40 49 9 0.97
KRC176 342,356 6,768,566 432 53 0 -90 32 53 21 1.58
KRC177 342,158 6,768,679 432 52 0 -90 26 49 23 0.88
KRC178 342,080 6,768,654 432 54 0 -90 45 53 8 0.30
KRC179 342,175 6,768,690 432 52 0 -90 39 49 10 0.31
KRC18 342,191 6,768,583 433 30 0 -90 0 6 6 0.60
KRC180 342,202 6,768,682 432 52 0 -90 40 52 12 0.30
KRC180 342,202 6,768,682 432 52 0 -90 13 18 5 1.25
KRC181 342,308 6,768,701 431 42 0 -90 36 42 6 0.27
KRC181 342,308 6,768,701 431 42 0 -90 25 27 2 0.21
KRC183 342,367 6,768,549 432 53 0 -90 37 53 16 0.45
KRC184 342,376 6,768,532 431 65 0 -90 37 61 24 1.48
KRC186 342,103 6,768,692 431 51 0 -90 32 51 19 2.36
KRC187 342,387 6,768,515 431 53 0 -90 45 53 8 0.92
KRC188 342,398 6,768,498 431 57 0 -90 43 49 6 0.52
KRC189 342,415 6,768,508 431 59 0 -90 53 58 5 1.03
KRC19 342,207 6,768,594 433 30 0 -90 6 14 8 3.26
KRC190 342,180 6,768,528 433 35 0 -90 29 34 5 0.70
KRC190 342,398 6,768,498 431 57 0 -90 17 27 10 2.10
KRC192 342,312 6,768,562 432 40 0 -90 22 35 13 0.53

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

31

Genesis Minerals Limited

29 March 2021

King Resource Intersections King Resource Intersections King Resource Intersections King Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
KRC193 342,447 6,768,493 430 65 0 -90 60 62 2 1.93
KRC195 342,292 6,768,690 431 48 0 -90 45 48 3 0.22
KRC195 342,292 6,768,690 431 48 0 -90 18 24 6 0.35
KRC196 342,236 6,768,493 433 30 0 -90 10 25 15 3.81
KRC197 342,163 6,768,517 433 36 0 -90 21 26 5 0.97
KRC197 342,163 6,768,517 433 36 0 -90 0 17 17 0.91
KRC198 342,384 6,768,560 432 65 0 -90 39 61 22 2.21
KRC199 342,393 6,768,543 431 66 0 -90 36 63 27 0.98
KRC2 342,152 6,768,652 432 50 0 -90 18 39 21 0.81
KRC20 342,224 6,768,606 432 30 0 -90 14 25 11 1.17
KRC200 342,050 6,768,588 433 35 0 -90 23 33 10 1.14
KRC201 342,411 6,768,552 431 75 0 -90 40 69 29 1.19
KRC202 342,400 6,768,570 431 76 0 -90 51 69 18 1.46
KRC203 342,011 6,768,612 432 45 0 -90 4 44 40 0.88
KRC204 342,146 6,768,507 433 42 0 -90 19 22 3 0.43
KRC204 342,146 6,768,507 433 42 0 -90 0 5 5 1.32
KRC205 342,168 6,768,497 433 46 0 -90 3 6 3 0.80
KRC206 342,219 6,768,482 433 30 0 -90 3 23 20 1.48
KRC207 342,247 6,768,475 433 30 0 -90 17 22 5 1.33
KRC210 342,329 6,768,572 432 78 0 -90 38 50 12 0.76
KRC211 342,345 6,768,582 432 78 0 -90 48 60 12 0.87
KRC212 342,291 6,768,617 431 45 0 -90 17 30 13 34.22
KRC212 342,291 6,768,617 431 45 0 -90 33 38 5 2.04
KRC213 342,230 6,768,676 432 66 0 -90 46 63 17 0.81
KRC213 342,230 6,768,676 432 66 0 -90 1 4 3 1.99
KRC227 342,028 6,768,623 432 48 0 -90 5 33 28 0.37
KRC228 342,046 6,768,633 432 45 0 -90 8 28 20 0.48
KRC229 342,061 6,768,643 432 47 0 -90 20 36 16 0.83
KRC230 342,015 6,768,568 433 42 0 -90 0 11 11 0.70
KRC231 342,032 6,768,578 433 44 0 -90 10 16 6 0.51
KRC232 342,306 6,768,628 431 56 0 -90 16 31 15 0.89
KRC232 342,306 6,768,628 431 56 0 -90 38 51 13 0.48
KRC233 342,272 6,768,607 432 39 0 -90 11 20 9 0.84
KRC236 342,317 6,768,611 431 66 0 -90 47 50 3 0.63
KRC239 342,404 6,768,525 431 78 0 -90 38 59 21 0.87
KRC240 342,192 6,768,487 433 30 0 -90 17 19 2 1.15
KRC242 342,222 6,768,460 434 42 0 -90 7 14 7 0.98
KRC243 342,152 6,768,534 433 36 0 -90 30 34 4 0.42
KRC244 342,135 6,768,524 434 30 0 -90 21 27 6 0.99
KRC245 342,219 6,768,693 432 54 0 -90 48 54 6 0.63
KRC245 342,219 6,768,693 432 54 0 -90 14 29 15 1.01
KRC246 342,247 6,768,686 431 72 0 -90 60 72 12 0.75
KRC246 342,247 6,768,686 431 72 0 -90 14 19 5 0.37
KRC248 342,175 6,768,478 434 38 0 -90 0 17 17 1.43
KRC255 342,151 6,768,498 434 16 0 -90 9 11 2 0.53
KRC256 342,156 6,768,490 434 21 0 -90 0 2 2 0.32
KRC257 342,167 6,768,473 434 21 0 -90 0 6 6 0.94
KRC258 342,159 6,768,504 434 21 0 -90 12 16 4 12.67
KRC258 342,159 6,768,504 434 21 0 -90 0 4 4 0.40
KRC26 342,194 6,768,538 433 30 0 -90 26 30 4 0.58
KRC260 342,170 6,768,487 434 20 0 -90 4 8 4 0.68
KRC262 342,174 6,768,501 433 25 0 -90 5 9 4 2.55
KRC263 342,178 6,768,492 433 25 0 -90 10 11 1 5.46
KRC264 342,183 6,768,483 434 20 0 -90 5 16 11 1.09
KRC265 342,176 6,768,514 433 24 0 -90 18 21 3 1.58
KRC265 342,176 6,768,514 433 24 0 -90 6 8 2 0.38
KRC266 342,181 6,768,506 433 21 0 -90 10 12 2 0.35
KRC267 342,187 6,768,497 433 18 0 -90 14 16 2 2.10

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

32

Genesis Minerals Limited

29 March 2021

King Resource Intersections King Resource Intersections King Resource Intersections King Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
KRC268 342,198 6,768,480 433 25 0 -90 7 20 13 0.76
KRC270 342,189 6,768,511 433 20 0 -90 14 17 3 1.30
KRC271 342,196 6,768,502 433 20 0 -90 18 20 2 1.41
KRC272 342,200 6,768,494 433 21 0 -90 16 21 5 1.63
KRC273 342,207 6,768,486 433 22 0 -90 18 21 3 1.92
KRC276 342,204 6,768,507 433 21 0 -90 15 21 6 3.09
KRC277 342,209 6,768,499 433 20 0 -90 15 20 5 1.16
KRC278 342,215 6,768,491 433 20 0 -90 15 19 4 3.32
KRC279 342,434 6,768,591 425 78 0 -90 74 76 2 2.18
KRC280 342,417 6,768,580 425 82 0 -90 65 69 4 1.38
KRC284 342,429 6,768,564 425 74 0 -90 51 73 22 0.84
KRC285 342,439 6,768,546 425 74 0 -90 39 64 25 0.99
KRC286 342,456 6,768,556 425 73 0 -90 59 67 8 0.97
KRC287 342,445 6,768,573 425 79 0 -90 64 78 14 0.73
KRC288 342,368 6,768,643 425 68 0 -90 56 64 8 0.29
KRC289 342,357 6,768,660 425 54 0 -90 43 47 4 0.24
KRC289 342,357 6,768,660 425 54 0 -90 10 18 8 0.49
KRC290 342,459 6,768,512 421 64 0 -90 58 62 4 1.69
KRC291 342,476 6,768,522 422 69 0 -90 66 69 3 1.29
KRC292 342,334 6,768,622 425 61 0 -90 32 41 9 0.84
KRC292 342,334 6,768,622 425 61 0 -90 48 53 5 0.26
KRC293 342,351 6,768,633 425 61 0 -90 32 38 6 0.89
KRC293 342,351 6,768,633 425 61 0 -90 48 55 7 0.48
KRC294 342,449 6,768,529 423 73 0 -90 59 63 4 1.54
KRC296 342,236 6,768,703 425 52 0 -90 49 52 3 0.39
KRC297 342,209 6,768,710 425 55 0 -90 49 55 6 0.59
KRC298 342,192 6,768,700 425 57 0 -90 44 55 11 0.22
KRC3 342,169 6,768,661 432 54 0 -90 26 46 20 0.40
KRC30 342,204 6,768,519 433 30 0 -90 19 28 9 0.58
KRC30 342,204 6,768,519 433 30 0 -90 7 14 7 1.83
KRC300 342,147 6,768,695 425 58 0 -90 53 58 5 1.12
KRC304 342,092 6,768,709 432 60 0 -90 47 54 7 1.50
KRC305 342,109 6,768,719 432 63 0 -90 57 61 4 0.27
KRC307 342,120 6,768,702 425 58 0 -90 45 55 10 0.45
KRC309 342,281 6,768,707 431 64 0 -90 59 64 5 0.80
KRC309 342,281 6,768,707 431 64 0 -90 20 31 11 3.76
KRC31 342,220 6,768,530 433 30 0 -90 24 29 5 1.17
KRC31 342,220 6,768,530 433 30 0 -90 7 16 9 0.41
KRC32 342,237 6,768,542 433 30 0 -90 17 23 6 0.50
KRC33 342,254 6,768,553 433 30 0 -90 16 29 13 0.54
KRC34 342,229 6,768,514 433 30 0 -90 23 28 5 1.17
KRC34 342,229 6,768,514 433 30 0 -90 0 8 8 0.53
KRC35 342,246 6,768,524 433 30 0 -90 0 20 20 1.15
KRC36 342,263 6,768,535 433 30 0 -90 0 17 17 0.87
KRC37 342,279 6,768,546 433 30 0 -90 13 21 8 1.47
KRC38 342,256 6,768,507 433 30 0 -90 26 30 4 0.75
KRC38 342,256 6,768,507 433 30 0 -90 0 5 5 0.16
KRC39 342,273 6,768,518 433 30 0 -90 3 8 5 3.33
KRC40 342,290 6,768,529 432 30 0 -90 12 17 5 6.08
KRC41 342,306 6,768,539 432 29 0 -90 11 27 16 2.11
KRC42 342,265 6,768,490 433 30 0 -90 25 28 3 1.77
KRC42 342,265 6,768,490 433 30 0 -90 0 4 4 0.34
KRC43 342,284 6,768,502 433 30 0 -90 1 9 8 1.91
KRC44 342,300 6,768,512 432 30 0 -90 12 15 3 2.09
KRC45A 342,317 6,768,522 432 46 0 -90 23 29 6 1.51
KRC46 342,276 6,768,472 433 30 0 -90 0 3 3 0.44
KRC47 342,293 6,768,483 433 30 0 -90 0 17 17 0.99
KRC48 342,309 6,768,494 432 30 0 -90 12 21 9 0.61

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

33

Genesis Minerals Limited

29 March 2021

King Resource Intersections King Resource Intersections King Resource Intersections King Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
KRC49 342,326 6,768,505 432 30 0 -90 19 30 11 0.74
KRC5 342,144 6,768,623 433 54 0 -90 5 14 9 1.83
KRC5 342,144 6,768,623 433 54 0 -90 16 47 31 1.96
KRC51 342,303 6,768,466 433 30 0 -90 1 12 11 0.37
KRC52 342,320 6,768,477 432 30 0 -90 12 15 3 0.96
KRC53 342,336 6,768,488 432 30 0 -90 21 30 9 0.58
KRC55 342,312 6,768,448 432 30 0 -90 1 2 1 0.34
KRC56 342,330 6,768,459 432 30 0 -90 3 7 4 0.94
KRC57 342,340 6,768,441 431 30 0 -90 14 18 4 0.32
KRC59 342,355 6,768,453 432 30 0 -90 4 9 5 3.74
KRC6 342,161 6,768,634 432 42 0 -90 7 19 12 1.03
KRC6 342,161 6,768,634 432 42 0 -90 22 39 17 0.92
KRC60 342,371 6,768,466 431 30 0 -90 12 18 6 2.94
KRC61 342,334 6,768,410 432 30 0 -90 19 23 4 1.46
KRC63 342,349 6,768,423 432 30 0 -90 0 9 9 2.25
KRC64 342,364 6,768,436 431 30 0 -90 7 10 3 3.60
KRC65 342,380 6,768,449 431 30 0 -90 14 19 5 0.83
KRC66 342,396 6,768,461 431 30 0 -90 23 30 7 4.16
KRC67 342,360 6,768,406 432 30 0 -90 4 8 4 0.54
KRC68 342,375 6,768,419 431 30 0 -90 0 4 4 1.50
KRC69 342,391 6,768,432 431 30 0 -90 1 8 7 0.69
KRC7 342,180 6,768,645 432 54 0 -90 20 25 5 1.59
KRC7 342,180 6,768,645 432 54 0 -90 37 47 10 0.69
KRC70 342,405 6,768,444 431 30 0 -90 11 21 10 2.41
KRC71 342,420 6,768,455 431 30 0 -90 20 25 5 1.16
KRC73 342,385 6,768,401 431 40 0 -90 2 4 2 0.38
KRC74 342,402 6,768,414 431 40 0 -90 8 12 4 1.33
KRC75 342,416 6,768,426 431 30 0 -90 15 21 6 0.97
KRC76 342,431 6,768,439 431 34 0 -90 17 30 13 0.83
KRC79 342,447 6,768,451 430 40 0 -90 13 22 9 1.03
KRC8 342,195 6,768,655 432 33 0 -90 29 33 4 1.85
KRC80 342,443 6,768,424 430 39 0 -90 15 27 12 0.89
KRC85 342,127 6,768,612 433 45 0 -90 0 11 11 0.68
KRC85 342,127 6,768,612 433 45 0 -90 14 43 29 0.66
KRC86 342,117 6,768,631 432 30 0 -90 10 30 20 0.91
KRC87 342,108 6,768,649 432 30 0 -90 10 26 16 1.03
KRC88 342,125 6,768,660 432 38 0 -90 17 38 21 1.04
KRC89 342,142 6,768,670 432 52 0 -90 12 40 28 0.53
KRC9 342,155 6,768,606 433 33 0 -90 3 33 30 1.20
KRC90 342,138 6,768,596 433 30 0 -90 0 26 26 0.75
KRC91 342,187 6,768,508 433 30 0 -90 14 16 2 1.19
KRC92 342,213 6,768,502 433 30 0 -90 22 28 6 0.67
KRC93 342,097 6,768,667 432 30 0 -90 15 30 15 0.56
KRC94 342,115 6,768,677 432 52 0 -90 29 52 23 0.84
KRC96 342,459 6,768,435 430 33 0 -90 28 35 7 1.48
KRC97 342,324 6,768,549 432 30 0 -90 21 30 9 1.09
KRC98 342,296 6,768,556 432 50 0 -90 19 28 9 0.24
KRC99 342,110 6,768,602 433 40 0 -90 8 36 28 1.16

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

34

Genesis Minerals Limited

29 March 2021

Appendix 2 Danluce - Intersections >0.3g/t Au within Mineral Resource

Danluce Resource Intersections Danluce Resource Intersections Danluce Resource Intersections Danluce Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
DLDH1 341,744 6,768,490 399 75 150 -60 20 41 21 2.14
DLDH2 341,777 6,768,513 370 90 150 -60 57 71 14 0.94
DLRC01 341,716 6,768,461 402 84 150 -60 21 34 13 0.89
DLRC02 341,702 6,768,484 413 84 150 -60 13 16 3 1.57
DLRC02 341,713 6,768,465 376 84 150 -60 53 63 10 1.87
DLRC03 341,669 6,768,422 393 77 150 -60 35 57 22 0.71
DLRC04 341,692 6,768,500 410 84 150 -60 17 18 1 2.52
DLRC06 341,731 6,768,474 406 88 150 -60 19 26 7 5.61
DLRC08 341,718 6,768,496 416 100 150 -60 10 12 2 0.72
DLRC08 341,719 6,768,494 412 100 150 -60 15 17 2 1.73
DLRC08 341,728 6,768,479 382 100 150 -60 44 56 12 5.35
DLRC09 341,682 6,768,439 406 76 150 -60 29 32 3 5.82
DLRC09 341,691 6,768,425 377 76 150 -60 58 70 12 0.34
DLRC10 341,710 6,768,508 407 108 150 -60 19 24 5 2.42
DLRC10 341,712 6,768,505 400 108 150 -60 28 30 2 1.54
DLRC10 341,728 6,768,478 346 108 150 -60 91 93 2 2.01
DLRC11 341,680 6,768,442 377 77 150 -60 60 67 7 0.50
DLRC12 341,748 6,768,486 409 87 150 -60 8 32 24 1.54
DLRC14 341,744 6,768,492 387 99 150 -60 28 61 33 2.56
DLRC15 341,693 6,768,460 419 77 150 -60 6 9 3 0.42
DLRC15 341,698 6,768,452 404 77 150 -60 24 26 2 3.84
DLRC16 341,726 6,768,520 409 106 150 -60 15 23 8 1.06
DLRC16 341,730 6,768,515 398 106 150 -60 30 34 4 7.12
DLRC16 341,745 6,768,488 345 106 150 -60 82 104 22 0.79
DLRC17 341,696 6,768,455 376 79 150 -60 55 59 4 0.69
DLRC18 341,720 6,768,530 395 111 150 -60 32 38 6 1.09
DLRC18 341,724 6,768,524 383 111 150 -60 48 49 1 1.32
DLRC20 341,767 6,768,492 401 91 150 -60 14 43 29 1.43
DLRC21 341,801 6,768,513 401 88 150 -60 25 32 7 1.67
DLRC22 341,763 6,768,498 379 102 150 -60 38 70 32 1.66
DLRC23 341,796 6,768,521 384 83 150 -60 30 67 37 1.29
DLRC24 341,746 6,768,526 400 111 150 -60 28 31 3 4.46
DLRC24 341,762 6,768,498 345 111 150 -60 85 101 16 1.53
DLRC25 341,790 6,768,531 368 89 150 -60 56 77 21 0.46
DLRC26 341,740 6,768,537 386 111 150 -60 42 48 6 0.36
DLRC28 341,778 6,768,513 387 92 150 -60 34 55 21 0.77
DLRC29 341,817 6,768,524 369 91 150 -60 58 74 16 0.49
DLRC30 341,776 6,768,515 356 116 150 -60 70 90 20 0.76
DLRC31 341,811 6,768,535 356 101 150 -60 72 89 17 0.80
DLRC32 341,834 6,768,536 372 65 150 -60 60 65 5 0.64
DLRC33 341,782 6,768,507 409 93 150 -60 11 27 16 0.50
DLRC34 341,811 6,768,573 410 83 150 -60 9 26 17 0.52
DLRC34 341,827 6,768,547 358 83 150 -60 73 83 10 0.27
DLRC35 341,801 6,768,590 412 83 150 -60 0 32 32 0.60
DLRC36 341,822 6,768,594 398 80 150 -60 15 49 34 0.52
DLRC37 341,850 6,768,587 397 78 150 -60 28 39 11 0.66
DLRC38 341,724 6,768,487 415 83 150 -60 12 13 1 1.06
DLRC38 341,728 6,768,478 399 83 150 -60 28 35 7 4.63
DLRC40 341,717 6,768,459 416 40 150 -60 5 17 12 2.45
DLRC41 341,706 6,768,477 417 57 150 -60 9 11 2 0.86
DLRC41 341,715 6,768,462 388 57 150 -60 37 51 14 0.34
DLRC42 341,698 6,768,414 390 70 150 -60 37 61 24 0.74
DLRC43 341,684 6,768,437 419 34 150 -60 13 18 5 0.51
DLRC44 341,676 6,768,410 404 52 150 -60 22 45 23 0.73
DLRC47 341,700 6,768,449 416 40 150 -60 9 15 6 0.33
DLRC50 341,732 6,768,472 417 45 150 -60 6 15 9 4.53
DLRC53 341,771 6,768,487 408 60 150 -60 12 30 18 0.87

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

35

Genesis Minerals Limited

29 March 2021

Danluce Resource Intersections Danluce Resource Intersections Danluce Resource Intersections Danluce Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
DLRC54 341,764 6,768,497 394 67 150 -60 20 54 34 1.96
DLRC56 341,785 6,768,503 419 40 150 -60 6 11 5 0.91
DLRC57 341,779 6,768,511 402 65 150 -60 21 35 14 0.34
DLRC59 341,799 6,768,517 393 55 150 -60 32 43 11 0.57
DLRC60 341,794 6,768,524 372 90 150 -60 53 72 19 1.65
DLRC61 341,669 6,768,422 377 75 150 -60 63 67 4 0.96
DLRC62 341,681 6,768,441 393 70 150 -60 39 50 11 0.97
DLRC63 341,689 6,768,466 416 60 150 -60 10 13 3 0.99
DLRC63 341,697 6,768,453 388 60 150 -60 39 48 9 1.50
DLRC64 341,697 6,768,492 414 85 150 -60 13 15 2 2.04
DLRC64 341,713 6,768,464 357 85 150 -60 78 81 3 6.92
DLRC65 341,713 6,768,503 415 85 150 -60 12 13 1 0.56
DLRC65 341,716 6,768,500 407 85 150 -60 19 23 4 0.84
DLRC65 341,730 6,768,475 359 85 150 -60 71 83 12 3.14
DLRC66 341,750 6,768,482 416 55 150 -60 6 17 11 2.35
DLRC67 341,745 6,768,489 364 96 150 -60 58 84 26 0.48
DLRC68 341,762 6,768,499 364 86 150 -60 61 82 21 1.21
KPDARC03 341,660 6,768,406 407 60 330 -60 3 60 57 0.61
KYR17027 341,704 6,768,403 403 50 149 -60 23 47 24 0.33
KYR17028 341,686 6,768,402 414 48 149 -60 6 40 34 0.69
KYR17029 341,657 6,768,411 408 60 149 -60 22 39 17 1.27
KYR17030 341,629 6,768,400 410 60 149 -60 20 36 16 1.19
RC01 341,731 6,768,478 396 40 0 -90 20 40 20 2.41
RC03 341,704 6,768,489 413 44 0 -90 12 14 2 1.04
RC06 341,752 6,768,489 398 51 0 -90 5 51 46 2.02
RC07 341,775 6,768,500 393 60 0 -90 8 59 51 0.70
RC08 341,818 6,768,520 370 81 0 -90 48 64 16 0.60
RC18 341,764 6,768,499 375 91 0 -90 10 91 81 2.79
RC19 341,717 6,768,467 386 49 0 -90 32 49 17 0.24
RC22 341,748 6,768,499 392 48 0 -90 20 48 28 1.38
RC23 341,776 6,768,509 371 93 0 -90 19 91 72 1.45
RC24 341,743 6,768,479 410 39 170 -60 8 28 20 2.13
RC25 341,742 6,768,485 404 38 170 -60 12 38 26 1.35
RC26 341,738 6,768,497 398 36 0 -90 24 31 7 2.99
RC27 341,724 6,768,508 403 34 0 -90 21 24 3 1.42
RC28 341,704 6,768,473 417 29 0 -90 8 10 2 0.37
RC29 341,708 6,768,458 400 35 170 -60 26 34 8 4.06
RC30 341,726 6,768,469 406 35 170 -60 21 24 3 2.32
RC32 341,717 6,768,491 419 37 0 -90 6 8 2 0.41
RC32 341,717 6,768,491 412 37 0 -90 12 16 4 0.04
RC33 341,768 6,768,483 399 62 0 -90 18 36 18 0.76
RC35 341,722 6,768,494 418 60 170 -60 8 9 1 0.97
RC35 341,723 6,768,491 413 60 170 -60 14 16 2 3.80
RC35 341,728 6,768,478 388 60 170 -60 40 48 8 5.35
RC36 341,766 6,768,500 380 80 170 -60 37 68 31 1.52
RC37 341,780 6,768,514 392 80 170 -60 32 47 15 1.50
RC38 341,809 6,768,522 398 56 170 -60 29 35 6 1.78
RC39 341,703 6,768,476 416 56 170 -60 10 13 3 0.13
RC39 341,708 6,768,461 387 56 170 -60 40 49 9 1.14
RC40 341,687 6,768,443 391 46 170 -60 36 45 9 1.43
RC41 341,771 6,768,531 333 100 0 -90 85 100 15 1.23
RC52 341,713 6,768,485 418 62 170 -60 8 9 1 1.39
RC52 341,721 6,768,465 381 62 170 -60 44 59 15 0.98
RC53 341,702 6,768,448 417 45 170 -60 8 12 4 0.75
RC54 341,700 6,768,452 412 42 170 -60 14 18 4 1.76
RC55 341,695 6,768,464 418 44 170 -60 8 11 3 2.53
RC55 341,700 6,768,454 398 44 170 -60 31 33 2 3.75
RC56 341,693 6,768,472 416 40 170 -60 11 12 1 1.11

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

36

Genesis Minerals Limited

29 March 2021

Danluce Resource Intersections Danluce Resource Intersections Danluce Resource Intersections Danluce Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
RC58 341,708 6,768,456 411 33 170 -60 13 22 9 2.89
RC59 341,721 6,768,483 414 50 170 -60 13 15 2 3.75
RC59 341,725 6,768,473 396 50 170 -60 32 36 4 0.16
RC60 341,727 6,768,468 410 33 170 -60 14 22 8 3.56
RC62 341,736 6,768,476 413 50 170 -60 5 24 19 2.66
RC63 341,754 6,768,481 415 45 170 -60 6 19 13 3.08
RC65 341,778 6,768,497 412 40 170 -60 8 25 17 0.92
RC66 341,788 6,768,511 413 88 170 -60 11 20 9 2.58

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

37

Genesis Minerals Limited

29 March 2021

Appendix 3 Butterfly North - Intersections >0.3g/t Au within Mineral Resource

Butterfly North Resource Intersections Butterfly North Resource Intersections Butterfly North Resource Intersections Butterfly North Resource Intersections Butterfly North Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
ppm
20USDH180 342,234 6,769,406 423 180.23 150.32 -59.9 83.97 101 17.03 1.01
88FBP094 342,337 6,769,341 424 51 149 -60 9 16 7 1.72
88FBP095 342,304 6,769,395 423 108 149 -60 38 43 5 2.05
88FBP095 342,304 6,769,395 423 108 149 -60 59 83 24 1.61
88FBP111 342,326 6,769,356 423 57 149 -60 4 15 11 1.77
88FBP112 342,317 6,769,373 422 69 149 -60 6 13 7 0.64
88FBP116 342,250 6,769,385 423 87 149 -60 22 37 15 4.57
88FBP116 342,250 6,769,385 423 87 149 -60 43 60 17 1.11
88FBP116 342,250 6,769,385 423 87 149 -60 71 83 12 1.52
88FBP119 342,129 6,769,299 424 51 149 -60 18 21 3 0.27
88FBP121 342,097 6,769,256 425 63 149 -60 11 18 7 0.67
88FBP122 342,087 6,769,273 424 57 149 -60 13 21 8 3.72
88FBP123 342,075 6,769,290 424 75 149 -60 10 18 8 1.28
88FBP124 341,979 6,769,259 424 45 149 -60 14 20 6 1.96
88FBP125 341,970 6,769,272 424 63 149 -60 9 14 5 0.72
88FBP128 342,293 6,769,413 423 99 149 -60 48 52 4 0.23
88FBP128 342,293 6,769,413 423 99 149 -60 84 97 13 1.35
88FBP131 342,241 6,769,403 422 81 149 -60 64 73 9 1.03
88FBP133 342,137 6,769,286 424 51 149 -60 11 20 9 1.23
88FBP135 342,259 6,769,373 423 33 149 -60 10 12 2 1.03
88FBP135 342,259 6,769,373 423 33 149 -60 25 33 8 0.44
89FBP138 342,041 6,769,252 424 57 149 -60 23 29 6 0.63
89FBP139 342,031 6,769,268 424 75 149 -60 22 29 7 0.72
89FBP141 342,070 6,769,251 424 33 149 -60 20 22 2 0.45
89FBP142 342,060 6,769,268 424 63 149 -60 17 22 5 0.42
89FBP144 342,113 6,769,278 424 27 149 -60 18 27 9 0.44
89FBP147 342,158 6,769,299 424 27 149 -60 12 22 10 0.91
89FBP148 342,190 6,769,295 424 51 149 -60 13 19 6 1.49
89FBP152 342,238 6,769,360 423 69 149 -60 8 23 15 0.71
89FBP152 342,238 6,769,360 423 69 149 -60 51 57 6 8.91
89FBP153 342,267 6,769,360 423 45 149 -60 4 6 2 0.39
89FBP153 342,267 6,769,360 423 45 149 -60 18 27 9 1.48
89FBP157 342,289 6,769,371 423 75 149 -60 60 70 10 1.48
89FBP158 342,359 6,769,358 423 39 149 -60 9 16 7 0.79
89FBP159 342,347 6,769,374 423 63 149 -60 10 14 4 0.44
89FBP160 342,331 6,769,400 423 75 149 -60 55 66 11 1.27
89FBP172 341,696 6,769,087 428 39 239 -60 10 16 6 5.34
89FBP179 341,622 6,769,217 424 51 239 -60 15 23 8 3.12
89FBP180 341,635 6,769,196 427 51 239 -60 15 20 5 4.75
89FBP181 341,648 6,769,175 425 51 239 -60 10 15 5 1.26
89FBP182 341,661 6,769,154 425 51 239 -60 15 19 4 0.32
89FBP183 341,704 6,769,092 428 51 239 -60 15 18 3 1.29
90FBP001 341,661 6,769,183 425 63 239 -60 16 20 4 0.61
90FBP002 341,648 6,769,204 425 60 239 -60 22 27 5 0.43
90FBP003 341,635 6,769,225 424 63 239 -60 25 29 4 1.19
DVRC0025 342,259 6,769,378 423 78 360 -90 17 31 14 0.62
DVRC0025 342,259 6,769,378 423 78 360 -90 42 66 24 2.81
DVRC0026 342,269 6,769,360 423 60 360 -90 3 4 1 1.17
DVRC0026 342,269 6,769,360 423 60 360 -90 19 25 6 0.19
DVRC0026 342,269 6,769,360 423 60 360 -90 36 50 14 0.81
DVRC0029 342,251 6,769,350 423 96 360 -90 59 88 29 2.59
DVRC0089 342,254 6,769,387 423 78 360 -90 65 72 7 0.42
DVRC0090 342,262 6,769,391 422 60 360 -90 18 21 3 4.28
DVRC0091 342,271 6,769,396 422 54 360 -90 22 27 5 0.51
DVRC0091 342,271 6,769,396 422 54 360 -90 46 54 8 0.22
DVRC0092 342,280 6,769,401 422 54 360 -90 22 30 8 0.69
DVRC0092 342,280 6,769,401 422 54 360 -90 42 48 6 0.43

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

38

Genesis Minerals Limited

29 March 2021

Butterfly North Resource Intersections Butterfly North Resource Intersections Butterfly North Resource Intersections Butterfly North Resource Intersections Butterfly North Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
**ppm **
DVRC0093 342,281 6,769,413 422 54 360 -90 51 54 3 0.07
DVRC0094 342,297 6,769,411 422 54 360 -90 42 54 12 2.15
DVRC0095 342,291 6,769,396 422 54 360 -90 45 48 3 0.28
DVRC0096 342,277 6,769,388 422 54 360 -90 26 31 5 2.45
DVRC0096 342,277 6,769,388 422 54 360 -90 39 51 12 0.39
DVRC0097 342,267 6,769,383 423 156 360 -90 21 29 8 1.85
DVRC0097 342,267 6,769,383 423 156 360 -90 42 82 40 3.07
DVRC0097 342,267 6,769,383 423 156 360 -90 86 107 21 1.01
DVRC0097 342,267 6,769,383 423 156 360 -90 124 144 20 2.11
DVRC0098 342,250 6,769,373 423 54 360 -90 10 12 2 2.77
DVRC0099 342,237 6,769,355 423 54 360 -90 12 17 5 0.38
DVRC0100 342,256 6,769,365 423 66 360 -90 8 10 2 1.01
DVRC0100 342,256 6,769,365 423 66 360 -90 26 43 17 0.78
DVRC0101 342,263 6,769,369 423 54 360 -90 10 14 4 0.75
DVRC0101 342,263 6,769,369 423 54 360 -90 23 33 10 0.37
DVRC0101 342,263 6,769,369 423 54 360 -90 39 54 15 0.41
DVRC0102 342,272 6,769,374 423 54 360 -90 22 25 3 0.78
DVRC0102 342,272 6,769,374 423 54 360 -90 45 50 5 0.98
DVRC0103 342,260 6,769,356 423 54 360 -90 27 35 8 1.07
DVRC0104 342,242 6,769,345 423 54 360 -90 6 18 12 1.20
DVRC0106 342,247 6,769,337 423 54 360 -90 44 54 10 0.08
DVRC0107 342,266 6,769,347 423 60 360 -90 47 59 12 1.77

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

39

Genesis Minerals Limited

29 March 2021

Appendix 4 Orient Well East - Intersections >0.3g/t Au within Mineral Resource

Orient Well East Resource Intersections Orient Well East Resource Intersections Orient Well East Resource Intersections Orient Well East Resource Intersections Orient Well East Resource Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
**ppm **
DVRC0108 349,029 6,767,765 408 90 0 -90 37 46 9 1.73
OERC06 348,968 6,767,844 408 65 232 -60 43 50 7 0.65
OERC07 348,867 6,767,893 408 67 232 -60 42 49 7 2.19
OERC10 349,094 6,767,677 409 62 232 -60 31 34 3 1.10
OERC14 349,141 6,767,599 410 62 232 -60 41 46 5 0.26
OERC15 348,914 6,767,866 408 66 232 -60 52 58 6 0.51
OERC16 349,073 6,767,672 409 60 232 -60 36 38 2 2.38
OERC17 349,111 6,767,639 410 60 232 -60 40 48 8 6.78
OERC18 349,043 6,767,712 409 60 232 -60 37 49 12 0.79
OERC19 349,012 6,767,752 409 61 232 -60 36 46 10 1.43
OERC20 348,982 6,767,792 409 63 232 -60 53 55 2 0.34
OERC21 348,952 6,767,832 409 63 232 -60 48 51 3 0.37
OERC22 348,884 6,767,906 408 65 232 -60 45 51 6 2.88
OERC25 348,851 6,767,881 408 70 232 -60 32 39 7 0.31
OERC26 348,936 6,767,820 408 71 232 -60 40 44 4 1.54
OERC31 349,125 6,767,587 410 64 232 -60 24 30 6 1.19
OERC32 349,095 6,767,627 410 63 232 -60 36 40 4 0.03
OERC33 349,127 6,767,651 409 69 232 -60 37 40 3 0.95
OERC34 349,105 6,767,696 409 66 232 -60 50 54 4 0.87
OERC35 349,059 6,767,725 409 84 232 -60 44 56 12 0.55
OERC36 349,029 6,767,765 409 72 232 -60 49 52 3 0.35
OERC38 348,998 6,767,805 409 72 232 -60 62 66 4 0.98
OERC39 349,157 6,767,611 410 77 232 -60 32 36 4 0.54
OERC50 349,126 6,767,619 410 66 232 -60 28 36 8 0.57
OERC51 349,142 6,767,631 410 66 232 -60 49 56 7 0.37
OERC52 349,081 6,767,646 410 78 232 -60 40 43 3 0.62
OERC53 349,096 6,767,659 409 72 232 -60 45 48 3 0.89
OERC54 349,112 6,767,671 409 72 232 -60 29 33 4 1.52
OERC55 349,050 6,767,687 410 66 232 -60 40 44 4 0.39
OERC56 349,066 6,767,699 409 72 232 -60 57 60 3 0.40
OERC57 349,082 6,767,711 409 72 232 -60 58 64 6 0.53
OERC59 349,035 6,767,739 409 71 232 -60 47 56 9 0.41
OERC60 349,052 6,767,751 409 71 232 -60 41 51 10 0.39
OERC61 349,046 6,767,776 409 77 232 -60 75 77 2 14.54
OERC62 348,989 6,767,767 409 73 232 -60 53 56 3 0.71
OERC63 349,005 6,767,779 409 72 232 -60 30 32 2 4.04
OERC64 349,021 6,767,791 409 72 232 -60 64 70 6 0.89
OERC65 348,975 6,767,818 409 72 232 -60 46 52 6 0.85
OERC66 348,991 6,767,830 408 72 232 -60 57 66 9 0.89
OERC67 348,959 6,767,807 409 78 232 -60 42 46 4 0.51
OERC68 348,982 6,767,855 408 72 232 -60 54 56 2 0.64
OERC69 349,014 6,767,817 409 71 232 -60 45 51 6 0.85
OERC70 348,930 6,767,878 408 74 232 -60 58 69 11 0.86
OERC71 349,088 6,767,638 410 92 0 -90 34 43 9 4.18
OERC72 349,103 6,767,634 410 88 232 -60 26 28 2 2.41
OERC73 349,102 6,767,618 410 72 0 -90 34 44 10 1.77
OERC74 349,088 6,767,621 410 72 232 -60 36 39 3 1.14

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

40

Genesis Minerals Limited

29 March 2021

Appendix 5 Double J - Intersections >0.2g/t Au within Mineral Resource

Double J Resource Double J Resource Intersections Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
**ppm **
KYR17069 347,460 6,765,619 422 6 0 -90 0 2 2 0.50
KYR17073 347,414 6,765,638 421 6 0 -90 0 2 2 0.29
KYR17074 347,442 6,765,639 422 6 0 -90 0 1 1 0.92
KYR17075 347,458 6,765,640 420 6 0 -90 1 4 3 0.51
KYR17083 347,459 6,765,659 422 6 0 -90 0 2 2 0.78
KYR17084 347,440 6,765,659 421 6 0 -90 0 3 3 0.55
KYR17085 347,419 6,765,659 422 6 0 -90 0 2 2 0.36
KYR17090 347,441 6,765,678 422 6 0 -90 0 2 2 0.34
KYR17091 347,462 6,765,680 421 6 0 -90 0 3 3 1.00
KYR17092 347,479 6,765,680 422 6 0 -90 0 1 1 0.30
KYR17093 347,501 6,765,680 421 6 0 -90 0 2 2 0.72
KYR17098 347,497 6,765,701 421 6 0 -90 0 1 1 0.80
KYR17099 347,478 6,765,702 420 6 0 -90 0 2 2 0.47
KYR17100 347,457 6,765,702 421 6 0 -90 0 2 2 0.84
KYR17101 347,437 6,765,702 422 6 0 -90 0 2 2 0.47
KYR17102 347,417 6,765,701 422 6 0 -90 0 1 1 0.71
KYR17106 347,418 6,765,716 422 6 0 -90 0 2 2 0.30
KYR17107 347,436 6,765,717 421 6 0 -90 0 3 3 0.37
KYR17108 347,460 6,765,718 421 6 0 -90 0 1 1 0.44
KYR17109 347,481 6,765,719 419 6 0 -90 0 3 3 1.17
KYR17110 347,503 6,765,717 419 6 0 -90 0 2 2 0.78
KYR17115 347,500 6,765,742 419 6 0 -90 0 2 2 0.33
KYR17116 347,480 6,765,741 419 6 0 -90 0 3 3 0.73
KYR17117 347,455 6,765,744 419 6 0 -90 0 4 4 0.87
KYR17118 347,435 6,765,743 419 6 0 -90 0 5 5 0.58
KYR17119 347,416 6,765,741 420 6 0 -90 0 5 5 0.63
KYR17120 347,400 6,765,741 421 6 0 -90 0 4 4 0.53
KYR17123 347,421 6,765,758 419 6 0 -90 0 5 5 0.60
KYR17124 347,441 6,765,758 421 6 0 -90 0 2 2 0.33
KYR17125 347,461 6,765,760 420 6 0 -90 0 2 2 0.83
KYR17126 347,477 6,765,758 419 6 0 -90 0 2 2 0.69
KYR17127 347,500 6,765,757 420 6 0 -90 0 1 1 0.52
KYR17128 347,519 6,765,757 420 6 0 -90 0 1 1 0.76
KYR17134 347,456 6,765,779 420 6 0 -90 0 2 2 0.68
KYR17135 347,436 6,765,777 419 6 0 -90 0 4 4 0.75
KYR17140 347,402 6,765,797 417 6 0 -90 3 5 2 0.53
KYR17141 347,418 6,765,797 418 6 0 -90 0 5 5 0.40
KYR17142 347,440 6,765,798 420 6 0 -90 0 2 2 0.62
KYR17143 347,458 6,765,798 420 6 0 -90 0 3 3 1.20
KYR17149 347,476 6,765,821 420 6 0 -90 0 3 3 0.55
KYR17150 347,456 6,765,822 420 6 0 -90 0 3 3 0.78
KYR17151 347,437 6,765,819 418 6 0 -90 0 6 6 0.54
KYR17152 347,418 6,765,820 418 6 0 -90 0 4 4 0.29
KYR17153 347,395 6,765,819 417 6 0 -90 0 6 6 0.57
KYR17154 347,360 6,765,818 417 6 0 -90 0 6 6 0.49
KYR17158 347,443 6,765,837 418 6 0 -90 1 4 3 0.42
KYR17159 347,457 6,765,837 419 6 0 -90 0 4 4 0.64
KYR17160 347,481 6,765,838 420 6 0 -90 0 3 3 0.35
KYR17161 347,502 6,765,839 420 6 0 -90 0 4 4 0.75
KYR17167 347,541 6,765,859 419 6 0 -90 0 3 3 0.58
KYR17168 347,519 6,765,857 420 6 0 -90 0 2 2 1.13
KYR17169 347,501 6,765,858 420 6 0 -90 0 1 1 0.64
KYR17170 347,479 6,765,860 417 6 0 -90 0 6 6 0.88
KYR17171 347,461 6,765,860 417 6 0 -90 0 6 6 0.50
KYR17180 347,479 6,765,878 416 6 0 -90 0 6 6 0.53
KYR17181 347,500 6,765,878 418 6 0 -90 0 3 3 0.55
KYR17182 347,520 6,765,878 417 6 0 -90 0 5 5 0.85
KYR17183 347,535 6,765,878 418 6 0 -90 0 3 3 0.29
KYR17184 347,558 6,765,880 419 6 0 -90 0 2 2 0.47
KYR17189 347,580 6,765,899 420 6 0 -90 0 1 1 0.26
KYR17190 347,558 6,765,901 417 6 0 -90 0 4 4 0.44
KYR17191 347,538 6,765,900 417 6 0 -90 0 5 5 0.65
KYR17192 347,519 6,765,896 416 6 0 -90 0 6 6 0.52
KYR17193 347,499 6,765,898 416 6 0 -90 0 5 5 0.59
KYR17201 347,546 6,765,918 417 6 0 -90 0 4 4 0.45
KYR17202 347,561 6,765,915 417 6 0 -90 0 5 5 0.64
KYR17203 347,580 6,765,913 417 6 0 -90 0 4 4 0.57
KYR17204 347,599 6,765,914 417 6 0 -90 1 4 3 0.43
KYR17205 347,617 6,765,915 418 6 0 -90 0 5 5 0.38

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

41

Genesis Minerals Limited

29 March 2021

Double J Resource Double J Resource Intersections Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
**ppm **
KYR17232 348,056 6,766,216 420 6 0 -90 0 3 3 0.35
KYR17233 348,077 6,766,218 419 6 0 -90 0 5 5 0.66
KYR17234 348,096 6,766,218 421 6 0 -90 0 2 2 0.93
KYR17235 348,115 6,766,219 420 6 0 -90 0 2 2 0.51
KYR17236 348,137 6,766,220 418 6 0 -90 0 2 2 0.23
KYR17237 348,158 6,766,220 416 6 0 -90 0 3 3 0.28
KYR17238 348,177 6,766,222 416 6 0 -90 0 2 2 0.53
KYR17242 348,159 6,766,239 418 9 0 -90 0 1 1 1.10
KYR17243 348,140 6,766,239 419 9 0 -90 0 1 1 0.55
KYR17244 348,118 6,766,240 421 9 0 -90 0 1 1 1.03
KYR17245 348,098 6,766,239 421 6 0 -90 0 2 2 1.43
KYR17246 348,079 6,766,239 421 6 0 -90 0 2 2 0.75
KYR17247 348,059 6,766,239 417 6 0 -90 4 6 2 0.40
KYR17248 348,040 6,766,239 418 6 0 -90 0 6 6 0.82
KYR17249 348,020 6,766,237 419 6 0 -90 0 5 5 0.82
KYR17250 347,999 6,766,239 419 6 0 -90 1 6 5 1.77
KYR17251 347,979 6,766,240 419 6 0 -90 3 5 2 0.83
KYR17253 347,958 6,766,258 419 6 0 -90 2 4 2 0.77
KYR17254 347,982 6,766,257 417 6 0 -90 3 6 3 0.90
KYR17255 347,997 6,766,257 417 6 0 -90 3 6 3 0.83
KYR17256 348,019 6,766,256 417 6 0 -90 1 6 5 0.52
KYR17257 348,040 6,766,256 419 9 0 -90 0 4 4 0.63
KYR17258 348,059 6,766,256 419 9 0 -90 0 6 6 0.62
KYR17259 348,080 6,766,257 421 15 0 -90 0 3 3 1.31
KYR17260 348,102 6,766,258 421 6 0 -90 0 3 3 0.56
KYR17261 348,119 6,766,257 421 6 0 -90 0 2 2 1.24
KYR17262 348,137 6,766,256 420 6 0 -90 0 1 1 0.37
KYR17270 348,100 6,766,278 421 6 0 -90 0 2 2 0.79
KYR17271 348,080 6,766,279 419 6 0 -90 0 5 5 0.78
KYR17272 348,059 6,766,279 418 6 0 -90 0 6 6 0.51
KYR17273 348,039 6,766,279 416 15 0 -90 0 7 7 0.34
KYR17274 348,019 6,766,278 415 15 0 -90 0 10 10 0.72
KYR17275 347,998 6,766,279 412 15 0 -90 6 10 4 0.71
KYR17276 347,980 6,766,278 415 6 0 -90 5 6 1 0.53
KYR17277 347,960 6,766,277 417 6 0 -90 1 6 5 0.55
KYR17278 347,942 6,766,275 417 6 0 -90 2 6 4 0.74
KYR17283 347,999 6,766,296 417 15 0 -90 0 6 6 0.62
KYR17284 348,022 6,766,295 417 15 0 -90 0 4 4 0.78
KYR17285 348,037 6,766,297 418 15 0 -90 0 4 4 0.90
KYR17286 348,058 6,766,297 419 6 0 -90 0 3 3 2.51
KYR17287 348,078 6,766,296 421 6 0 -90 0 2 2 1.34
KYR17288 348,101 6,766,297 421 6 0 -90 0 1 1 0.92
KYR17297 348,080 6,766,315 420 6 0 -90 0 2 2 1.23
KYR17298 348,061 6,766,315 420 6 0 -90 0 2 2 1.29
KYR17299 348,040 6,766,320 418 6 0 -90 0 3 3 1.88
KYR17300 348,021 6,766,319 418 6 0 -90 0 3 3 0.66
KYR17301 348,000 6,766,315 416 6 0 -90 1 5 4 0.46
KYR17302 347,980 6,766,317 415 6 0 -90 2 6 4 0.72
KYR17306 347,937 6,766,337 416 8 0 -90 2 5 3 0.62
KYR17307 347,958 6,766,336 418 8 0 -90 1 3 2 0.47
KYR17308 347,977 6,766,332 417 6 0 -90 1 4 3 0.92
KYR17309 347,997 6,766,335 417 6 0 -90 0 4 4 0.86
KYR17310 348,019 6,766,336 417 6 0 -90 0 4 4 1.00
KYR17311 348,040 6,766,338 418 6 0 -90 0 3 3 1.37
KYR17312 348,059 6,766,336 420 6 0 -90 0 1 1 1.88
KYR17321 348,037 6,766,361 418 6 0 -90 0 1 1 0.63
KYR17322 348,019 6,766,360 418 6 0 -90 0 1 1 0.22
KYR17323 347,997 6,766,359 418 6 0 -90 0 3 3 0.59
KYR17324 347,974 6,766,357 419 6 0 -90 0 2 2 0.49
KYR17325 347,958 6,766,353 417 8 0 -90 1 4 3 0.55
KYR17326 347,938 6,766,355 418 8 0 -90 1 3 2 0.56
KYR17327 347,919 6,766,358 418 8 0 -90 1 3 2 0.61
KYR17331 347,917 6,766,376 415 6 0 -90 5 6 1 0.56
KYR17332 347,938 6,766,378 416 6 0 -90 2 6 4 0.69
KYR17333 347,959 6,766,375 419 6 0 -90 0 3 3 0.61
KYR17334 347,978 6,766,375 418 6 0 -90 0 3 3 0.98
KYR17335 348,021 6,766,375 418 6 0 -90 0 2 2 0.77
KYR17339 347,954 6,766,397 420 6 0 -90 0 2 2 0.52
KYR17340 347,939 6,766,397 419 6 0 -90 0 4 4 0.49
KYR17341 347,921 6,766,401 419 9 0 -90 0 2 2 0.48
KYR17342 347,900 6,766,402 415 9 0 -90 2 8 6 0.58

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

42

Genesis Minerals Limited

29 March 2021

Double J Resource Double J Resource Intersections Intersections
Hole ID Easting Northing Elevation EOH
(m)
Azimuth
(Deg)
Dip
(Deg)
From
(m)
To
(m)
Interval
(m)
Au
**ppm **
KYR17343 347,879 6,766,402 414 9 0 -90 2 9 7 0.53
KYR17346 347,899 6,766,417 416 8 0 -90 0 7 7 0.67
KYR17347 347,910 6,766,418 417 8 0 -90 0 6 6 1.24
KYR17348 347,941 6,766,418 416 6 0 -90 4 6 2 0.66
KYR17349 347,961 6,766,417 419 6 0 -90 0 4 4 1.70
KYR17351 347,961 6,766,438 419 6 0 -90 0 2 2 0.59
KYR17352 347,938 6,766,440 419 6 0 -90 0 2 2 0.98
KYR17353 347,918 6,766,440 415 8 0 -90 4 6 2 0.58
KYR17354 347,899 6,766,440 416 8 0 -90 0 7 7 0.67
KYR17355 347,880 6,766,438 416 8 0 -90 0 6 6 0.76
KYR17358 347,843 6,766,461 413 6 0 -90 4 6 2 0.33
KYR17359 347,859 6,766,458 416 6 0 -90 0 5 5 0.60
KYR17360 347,879 6,766,456 415 8 0 -90 1 6 5 0.67
KYR17361 347,898 6,766,457 416 8 0 -90 2 4 2 0.17
KYR17362 347,919 6,766,456 419 8 0 -90 0 1 1 0.63
KYR17363 347,938 6,766,454 419 6 0 -90 0 2 2 0.27
KYR17364 347,960 6,766,456 419 6 0 -90 0 3 3 1.27
KYR17370 347,958 6,766,478 419 6 0 -90 0 2 2 0.33
KYR17371 347,939 6,766,477 419 6 0 -90 0 2 2 0.01
KYR17372 347,915 6,766,478 417 6 0 -90 1 3 2 0.48
KYR17373 347,900 6,766,480 417 6 0 -90 0 3 3 0.49
KYR17374 347,879 6,766,478 416 6 0 -90 1 4 3 0.58
KYR17375 347,861 6,766,479 415 6 0 -90 2 4 2 1.64
KYR17379 347,881 6,766,495 413 6 0 -90 3 5 2 0.86
KYR17380 347,900 6,766,497 415 6 0 -90 2 4 2 0.06
KYR17381 347,920 6,766,497 417 6 0 -90 1 4 3 1.03
KYR17382 347,939 6,766,497 417 6 0 -90 1 4 3 0.34
KYR17391 347,975 6,766,521 418 6 0 -90 0 2 2 0.97
KYR17392 347,959 6,766,517 418 6 0 -90 0 2 2 0.57
KYR17393 347,938 6,766,517 418 6 0 -90 0 2 2 0.22
KYR17394 347,917 6,766,516 416 6 0 -90 2 4 2 0.56
KYR17395 347,899 6,766,516 416 6 0 -90 1 4 3 0.76
KYR17396 347,881 6,766,515 414 6 0 -90 3 5 2 0.48
KYR17403 347,900 6,766,559 414 8 0 -90 2 5 3 0.42
KYR17404 347,924 6,766,556 415 8 0 -90 1 4 3 0.47
KYR17405 347,941 6,766,557 416 6 0 -90 0 2 2 0.11
KYR17406 347,961 6,766,558 415 6 0 -90 1 3 2 0.37
KYR17411 348,057 6,766,558 418 6 0 -90 0 3 3 0.30
KYR17412 348,101 6,766,557 419 6 0 -90 0 2 2 0.48
KYR17413 348,119 6,766,556 420 6 0 -90 0 2 2 0.38
KYR17414 348,139 6,766,555 421 6 0 -90 0 2 2 0.07
KYR17422 348,138 6,766,539 420 6 0 -90 0 2 2 0.65
KYR17423 348,099 6,766,539 418 6 0 -90 0 2 2 0.56
KYR17424 348,060 6,766,535 417 6 0 -90 2 3 1 0.75
KYR17464 347,975 6,766,577 419 6 0 -90 0 3 3 0.68
KYR17465 347,939 6,766,578 415 6 0 -90 0 4 4 0.35
KYR17466 347,919 6,766,576 414 8 0 -90 2 5 3 0.47
KYR17471 347,916 6,766,538 414 8 0 -90 2 7 5 0.51
KYR17472 347,936 6,766,536 416 6 0 -90 0 4 4 0.52
KYR17473 347,958 6,766,535 417 6 0 -90 0 3 3 0.80
KYR17517 347,976 6,766,357 418 100 0 -90 0 3 3 0.67
KYR17518 347,951 6,766,390 419 120 0 -90 0 3 3 0.27
WTRC005 347,531 6,765,885 418 100 0 -90 0 3 3 0.43

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

43

Genesis Minerals Limited

29 March 2021

Appendix 6 Orient Well Laterite - Intersections >0.2g/t Au within Mineral Resource

Orient Well Laterite Resource Intersections Orient Well Laterite Resource Intersections Orient Well Laterite Resource Intersections Orient Well Laterite Resource Intersections
Hole ID Easting Northing Elevation EOH Azimuth Dip From To Interval Au
20USDH175 348,850 6,767,222 412 151 232 -60 0 2 2 0.52
20USDH177 348,915 6,767,087 414 156.59 232 -60 0 1 1 0.38
20USDH179 348,850 6,767,222 413 90 232 -60 0 2 2 0.47
20USRC538 348,846 6,767,028 415 66 232 -60 0 3 3 1.79
20USRC539 348,858 6,767,038 415 78 232 -60 0 3 3 0.69
20USRC545 348,891 6,767,257 413 242 232 -60 0 2 2 2.95
20USRC578 348,861 6,767,170 413 132 232 -60 0 2 2 0.69
20USRC579 348,862 6,767,106 414 112 232 -60 0 2 2 0.26
20USRC580 348,853 6,767,086 414 97 232 -60 0 2 2 0.36
20USRC581 348,838 6,767,067 415 77 232 -60 0 5 5 3.65
20USRC582 348,841 6,767,068 415 82 232 -60 0 4 4 0.71
20USRC583 348,875 6,767,050 415 92 232 -60 0 3 3 1.20
20USRC584 348,878 6,767,052 415 97 232 -60 0 2 2 0.76
20USRC653 348,892 6,767,131 414 150 232 -60 0 1 1 0.54
20USRC655 348,834 6,767,050 415 50 232 -60 0 5 5 1.30
20USRC656 348,850 6,767,064 415 80 232 -60 0 2 2 0.65
20USRC757 348,857 6,767,196 412 152 232 -60 0 3 3 0.56
20USRC758 348,859 6,767,197 413 152 232 -60 0 3 3 0.37
20USRC765 348,868 6,767,144 414 137 232 -60 0 1 1 0.31
KD01 349,189 6,766,696 414 8 0 -90 0 6 6 1.96
KD02 349,140 6,766,759 413 7 0 -90 0 5 5 1.48
KD03 349,212 6,766,863 413 6 0 -90 0 3 3 1.19
KD04 349,171 6,766,983 413 5 0 -90 0 2 2 0.94
KD05 348,867 6,767,053 414 7 0 -90 0 3 3 1.49
KD06 349,002 6,767,205 411 5 0 -90 0 4 4 0.97
KD07 348,858 6,767,197 412 5 0 -90 0 3 3 0.82
KD08 348,993 6,767,349 410 7 0 -90 0 3 3 1.30
KD09 348,817 6,767,516 409 5 0 -90 0 3 3 1.20
KR003 349,189 6,766,692 413 10 0 -90 0 7 7 2.40
KR004 349,218 6,766,723 414 10 0 -90 1 4 3 1.47
KR008 349,267 6,766,856 414 10 0 -90 0 4 4 0.48
KR009 349,236 6,766,832 413 10 0 -90 1 4 3 0.73
KR010 349,204 6,766,807 413 9 0 -90 0 5 5 0.98
KR012 349,141 6,766,758 413 10 0 -90 0 4 4 2.16
KR013 349,109 6,766,734 414 7 0 -90 0 2 2 6.10
KR017 349,166 6,766,727 413 9 0 -90 0 6 6 2.77
KR018 349,198 6,766,747 414 22 0 -90 0 3 3 2.24
KR019 349,231 6,766,778 413 10 0 -90 2 4 2 1.58
KR020 349,262 6,766,797 413 10 0 -90 2 4 2 0.61
KR023 349,215 6,766,860 413 10 0 -90 0 4 4 1.03
KR024 349,180 6,766,836 414 11 0 -90 0 2 2 0.68
KR025 349,150 6,766,812 412 10 0 -90 0 6 6 0.93
KR026 349,115 6,766,789 414 3 0 -90 0 2 2 1.59
KR030 349,219 6,766,918 413 12 0 -90 0 2 2 1.00
KR033 349,224 6,766,974 413 12 0 -90 0 2 2 0.65
KR034 349,165 6,766,926 412 12 0 -90 0 4 4 0.38
KR040 349,171 6,766,986 412 10 0 -90 0 3 3 1.19
KR041 349,235 6,767,034 412 15 0 -90 0 3 3 0.45
KR090 349,019 6,767,118 414 4 0 -90 0 1 1 0.84
KR096 348,835 6,767,028 413 9 0 -90 0 4 4 0.76
KR097 348,866 6,767,051 413 5 0 -90 0 3 3 1.10
KR098 348,898 6,767,076 414 6 0 -90 0 1 1 0.30
KR099 348,930 6,767,101 413 4 0 -90 0 1 1 1.58
KR100 348,963 6,767,125 413 3 0 -90 0 2 2 1.23
KR101 348,998 6,767,152 413 5 0 -90 0 2 2 0.98
KR102 349,026 6,767,174 412 6 0 -90 0 3 3 1.19
KR103 349,058 6,767,198 412 9 0 -90 0 3 3 0.94
KR104 349,090 6,767,222 411 8 0 -90 0 4 4 0.48
KR111 349,097 6,767,278 411 6 0 -90 0 3 3 0.79
KR112 349,066 6,767,254 411 9 0 -90 0 4 4 0.79

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

44

Genesis Minerals Limited

29 March 2021

KR113 349,034 6,767,229 411 8 0 -90 0 3 3 1.71
KR114 349,002 6,767,205 411 8 0 -90 0 4 4 1.25
KR115 348,970 6,767,181 412 5 0 -90 0 2 2 1.19
KR116 348,939 6,767,157 412 6 0 -90 0 2 2 0.96
KR117 348,908 6,767,131 413 6 0 -90 0 2 2 1.16
KR118 348,892 6,767,120 414 7 0 -90 0 1 1 0.98
KR119 348,875 6,767,106 414 8 0 -90 0 1 1 0.52
KR125 348,851 6,767,135 413 5 0 -90 0 2 2 0.77
KR126 348,865 6,767,152 413 4 0 -90 0 1 1 0.89
KR127 348,881 6,767,165 413 4 0 -90 0 1 1 0.96
KR128 348,914 6,767,189 411 6 0 -90 0 4 4 1.50
KR129 348,946 6,767,213 412 6 0 -90 0 2 2 0.98
KR130 348,978 6,767,237 411 6 0 -90 0 2 2 0.95
KR131 349,010 6,767,261 411 6 0 -90 0 4 4 1.58
KR132 349,042 6,767,285 410 6 0 -90 0 5 5 1.14
KR133 349,073 6,767,310 410 8 0 -90 0 3 3 0.90
KR137 349,049 6,767,341 410 6 0 -90 0 3 3 1.01
KR138 349,017 6,767,317 410 6 0 -90 0 3 3 1.21
KR139 348,986 6,767,293 411 9 0 -90 0 3 3 0.96
KR140 348,954 6,767,269 411 7 0 -90 0 2 2 1.14
KR141 348,922 6,767,245 411 6 0 -90 0 3 3 0.93
KR142 348,890 6,767,221 412 6 0 -90 0 2 2 1.07
KR143 348,858 6,767,193 412 6 0 -90 0 3 2 1.80
KR144 348,828 6,767,170 412 6 0 -90 0 3 3 1.07
KR145 348,804 6,767,150 413 6 0 -90 0 1 1 0.91
KR147 348,769 6,767,177 413 6 0 -90 0 2 2 1.18
KR148 348,800 6,767,205 413 4 0 -90 0 1 1 0.54
KR149 348,833 6,767,228 412 5 0 -90 0 1 1 1.00
KR150 348,898 6,767,277 411 8 0 -90 0 3 3 1.22
KR151 348,930 6,767,301 411 9 0 -90 0 3 3 0.78
KR152 348,993 6,767,349 410 8 0 -90 0 3 3 1.75
KR153 349,025 6,767,373 410 9 0 -90 0 3 3 0.76
KR154 349,057 6,767,397 411 9 0 -90 0 1 1 0.52
KR157 349,001 6,767,405 409 9 0 -90 0 5 5 0.70
KR158 348,937 6,767,357 410 8 0 -90 0 3 3 1.64
KR159 348,874 6,767,308 411 6 0 -90 0 2 2 0.48
KR166 348,881 6,767,364 410 6 0 -90 0 4 4 0.70
KR167 348,945 6,767,413 410 9 0 -90 0 3 3 0.54
KR173 348,953 6,767,468 410 9 0 -90 0 1 1 0.36
KR174 348,889 6,767,420 407 6 0 -90 0 6 6 0.43
KR175 348,857 6,767,396 410 3 0 -90 0 1 1 0.38
KR176 348,825 6,767,372 410 3 0 -90 0 1 1 0.27
KR179 348,833 6,767,428 410 4 0 -90 0 1 1 0.65
KR180 348,865 6,767,452 409 6 0 -90 0 2 2 0.65
KR181 348,897 6,767,476 409 8 0 -90 0 2 2 0.72
KR186 348,904 6,767,532 409 10 0 -90 0 3 3 0.63
KR187 348,872 6,767,508 409 6 0 -90 0 2 2 0.70
KR188 348,840 6,767,484 409 9 0 -90 0 2 2 0.54
KR189 348,809 6,767,459 409 7 0 -90 0 2 2 0.54
KR192 348,784 6,767,491 409 6 0 -90 0 2 2 0.96
KR193 348,816 6,767,515 409 7 0 -90 0 3 3 1.44
KR194 348,848 6,767,540 409 9 0 -90 0 2 2 0.42
KR195 348,880 6,767,564 408 9 0 -90 0 4 4 0.33
KR201 348,728 6,767,499 409 7 0 -90 0 3 3 0.81
KR213 349,229 6,766,774 415 10 0 -90 0 3 3 0.84
KR318 348,969 6,767,280 411 68 232 -60 0 3 3 0.95
KR319 348,993 6,767,298 411 72 232 -60 0 2 2 0.73
KR320 348,834 6,767,177 413 58 0 -90 0 1 1 0.22
KR321 348,818 6,767,165 412 62 0 -90 0 2 2 0.44
KR327 349,256 6,766,772 414 7 0 -90 1 3 2 0.50
KR328 349,224 6,766,748 416 5 0 -90 0 2 2 0.70
KR329 349,195 6,766,722 414 6 0 -90 0 5 5 0.85
KR330 349,162 6,766,699 414 5 0 -90 0 5 5 2.82
KR332 349,137 6,766,726 412 6 0 -90 0 6 6 1.71

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

45

Genesis Minerals Limited

29 March 2021

KR333 349,173 6,766,751 413 7 0 -90 0 4 4 1.76
KR334 349,201 6,766,780 414 6 0 -90 0 2 2 1.58
KR335 349,232 6,766,804 414 6 0 -90 0 4 4 0.70
KR336 349,263 6,766,828 415 7 0 -90 0 2 2 0.40
KR337 349,239 6,766,860 414 7 0 -90 0 3 3 0.50
KR338 349,208 6,766,836 413 6 0 -90 0 4 4 0.92
KR339 349,177 6,766,811 413 7 0 -90 0 4 4 0.83
KR340 349,145 6,766,785 414 6 0 -90 0 2 2 0.95
KR341 349,111 6,766,762 414 6 0 -90 0 2 2 0.84
KR343 349,089 6,766,793 414 8 0 -90 0 1 1 0.50
KR344 349,120 6,766,814 414 5 0 -90 0 1 1 1.21
KR345 349,152 6,766,843 413 5 0 -90 0 2 2 0.20
KR346 349,184 6,766,867 414 7 0 -90 0 1 1 0.36
KR347 349,215 6,766,891 414 7 0 -90 0 1 1 0.34
KR348 349,243 6,766,888 414 8 0 -90 0 3 3 0.39
KR351 349,223 6,766,948 413 10 0 -90 0 1 1 0.41
KR352 349,191 6,766,923 414 7 0 -90 0 1 1 0.49
KR353 349,187 6,766,896 414 6 0 -90 0 1 1 0.76
KR355 349,195 6,766,951 412 8 0 -90 0 4 4 0.41
KR356 349,199 6,766,979 412 8 0 -90 0 3 3 0.70
KR357 349,203 6,767,008 412 11 0 -90 0 3 3 0.60
KR358 349,174 6,767,011 412 8 0 -90 0 3 3 0.35
KR361 349,167 6,766,955 414 5 0 -90 0 1 1 0.63
KR363 349,078 6,767,139 413 5 0 -90 0 2 2 0.71
KR365 349,110 6,767,163 412 6 0 -90 0 3 3 0.36
KR366 349,086 6,767,195 412 8 0 -90 0 2 2 0.37
KR367 349,050 6,767,142 413 5 0 -90 0 2 2 0.52
KR368 348,990 6,767,122 413 5 0 -90 0 1 1 0.44
KR369 349,022 6,767,146 412 5 0 -90 0 3 3 0.48
KR370 349,054 6,767,171 412 8 0 -90 0 2 2 0.83
KR377 349,030 6,767,202 412 8 0 -90 0 2 2 0.83
KR378 348,998 6,767,178 412 5 0 -90 0 2 2 0.49
KR379 348,967 6,767,154 412 5 0 -90 0 3 3 0.51
KR380 348,935 6,767,129 413 5 0 -90 0 1 1 1.31
KR381 348,903 6,767,104 414 5 0 -90 0 1 1 0.75
KR384 348,879 6,767,140 413 5 0 -90 0 2 2 0.69
KR385 348,911 6,767,162 412 5 0 -90 0 2 2 0.55
KR386 348,943 6,767,186 412 8 0 -90 0 2 2 0.40
KR387 348,974 6,767,210 411 8 0 -90 0 3 3 0.56
KR388 349,006 6,767,234 410 8 0 -90 0 5 5 0.89
KR389 349,038 6,767,259 411 10 0 -90 0 3 3 1.11
KR390 349,069 6,767,283 411 8 0 -90 0 3 3 0.99
KR395 349,014 6,767,290 411 8 0 -90 0 3 3 1.40
KR397 348,950 6,767,242 411 8 0 -90 0 2 2 1.22
KR398 348,919 6,767,218 412 5 0 -90 0 2 2 0.34
KR399 348,887 6,767,194 412 7 0 -90 0 2 2 0.35
KR400 348,856 6,767,164 412 5 0 -90 0 2 2 0.34
KR402 348,764 6,767,150 413 8 0 -90 0 1 1 0.59
KR403 348,773 6,767,207 413 7 0 -90 0 1 1 1.28
KR404 348,799 6,767,174 413 8 0 -90 0 1 1 0.36
KR405 348,833 6,767,201 412 5 0 -90 0 2 2 0.38
KR406 348,863 6,767,225 412 6 0 -90 0 1 1 0.64
KR407 348,895 6,767,249 411 8 0 -90 0 3 3 0.26
KR408 348,926 6,767,274 412 7 0 -90 0 1 1 0.59
KR409 348,958 6,767,298 411 6 0 -90 0 2 2 0.75
KR410 348,990 6,767,323 410 11 0 -90 0 3 3 0.52
KR411 349,021 6,767,347 411 11 0 -90 0 1 1 0.60
KR412 349,052 6,767,371 411 8 0 -90 0 1 1 0.72
KR414 349,028 6,767,403 409 11 0 -90 0 5 5 0.86
KR415 348,997 6,767,378 409 11 0 -90 0 5 5 1.12
KR416 348,966 6,767,354 410 11 0 -90 0 3 3 0.98
KR417 348,933 6,767,330 411 8 0 -90 0 3 3 1.41
KR418 348,902 6,767,305 411 10 0 -90 0 2 2 0.65
KR427 348,878 6,767,337 411 5 0 -90 0 3 3 0.75

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

46

Genesis Minerals Limited

29 March 2021

KR428 348,909 6,767,361 410 5 0 -90 0 3 3 0.44
KR429 348,941 6,767,386 410 8 0 -90 0 3 3 0.68
KR430 348,973 6,767,410 409 11 0 -90 0 4 4 0.34
KR431 349,005 6,767,434 410 10 0 -90 0 3 3 0.60
KR433 348,970 6,767,382 411 11 0 -90 0 2 2 0.47
KR434 348,906 6,767,334 411 6 0 -90 0 2 2 1.32
KR436 348,913 6,767,389 411 8 0 -90 0 1 1 0.51
KR437 348,977 6,767,438 409 8 0 -90 0 4 4 0.35
KR438 348,853 6,767,369 412 5 0 -90 0 1 1 0.86
KR439 348,885 6,767,393 411 5 0 -90 0 1 1 0.32
KR440 348,917 6,767,418 410 8 0 -90 0 2 2 0.26
KR441 348,869 6,767,481 411 8 0 -90 0 1 1 0.40
KR442 348,901 6,767,505 410 8 0 -90 0 2 2 1.11
KR443 348,876 6,767,537 409 11 0 -90 0 2 2 0.11
KR444 348,845 6,767,513 409 11 0 -90 0 3 3 0.49
KR445 348,813 6,767,488 409 11 0 -90 0 3 3 0.71
KR446 348,781 6,767,463 410 9 0 -90 0 1 1 0.65
KR447 348,726 6,767,471 409 6 0 -90 0 3 3 0.82
KR448 348,757 6,767,495 410 8 0 -90 0 2 2 0.63
KR449 348,788 6,767,520 410 8 0 -90 0 1 1 0.48
KR450 348,821 6,767,544 410 8 0 -90 0 2 2 0.88
ORC001 349,190 6,766,628 412 60 0 -90 4 7 3 0.96
ORC003 349,165 6,766,676 413 74 0 -90 0 7 7 1.55
ORC004 349,099 6,766,688 405 41 0 -90 8 13 5 0.83
ORC005 349,119 6,766,704 410 69 0 -90 0 11 11 0.26
ORC006 349,138 6,766,719 413 68 0 -90 0 4 4 3.37
ORC068 349,108 6,766,758 413 62 0 -90 0 3 3 1.25
ORC169 348,746 6,767,172 412 88 0 -90 0 3 3 0.81
ORC170 348,738 6,767,166 412 72 0 -90 0 2 2 0.60
ORC184 348,835 6,767,053 412 99 0 -90 0 5 5 1.52
ORC185 348,827 6,767,047 413 84 0 -90 0 4 4 2.94
ORC220 349,085 6,766,771 413 35 0 -90 0 4 4 0.99
ORC225 349,109 6,766,695 407 25 0 -90 5 13 8 2.20
ORC227 349,119 6,766,672 406 24 0 -90 8 12 4 0.62
ORC228 349,130 6,766,681 410 25 0 -90 5 7 2 0.83
ORC229 349,110 6,766,728 414 29 0 -90 0 3 3 1.57
ORC234 348,754 6,767,178 412 72 0 -90 0 3 3 0.78
ORC235 348,776 6,767,164 413 70 0 -90 0 2 2 1.51
ORC236 348,791 6,767,144 413 72 0 -90 0 1 1 0.52
ORC247 348,768 6,767,158 412 78 0 -90 0 3 3 1.59
ORC258 348,785 6,767,170 413 84 0 -90 0 2 2 0.73
ORC269 348,761 6,767,184 412 90 0 -90 0 2 2 0.53
ORC271 348,843 6,767,059 413 90 0 -90 0 3 3 0.96
ORC272 348,854 6,767,036 414 96 0 -90 0 2 2 1.08
ORC279 348,800 6,767,151 413 83 0 -90 0 2 2 1.22
ORC280 348,800 6,767,182 413 87 0 -90 0 1 1 0.86
ORC284 348,862 6,767,041 414 87 0 -90 0 1 1 0.64
ORC358 348,851 6,767,065 414 63 0 -90 0 2 2 0.69
ORC381 348,769 6,767,190 412 120 0 -90 0 2 2 0.75
ORC382 348,799 6,767,150 413 119 0 -90 0 2 2 0.77
OWL0002 348,839 6,767,140 413 4 0 -90 0 1 1 0.66
OWL0003 348,780 6,767,149 413 4 0 -90 0 1 1 1.35
OWL0004 348,788 6,767,155 413 4 0 -90 0 2 2 0.49
OWL0005 348,797 6,767,161 412 4 0 -90 0 2 2 1.25
OWL0006 348,804 6,767,167 413 4 0 -90 0 1 1 0.41
OWL0007 348,812 6,767,173 413 4 0 -90 0 1 1 0.86
OWL0008 348,820 6,767,179 413 4 0 -90 0 1 1 0.94
OWL0009 348,828 6,767,185 413 4 0 -90 0 1 1 1.02
OWL0010 348,795 6,767,147 412 4 0 -90 0 3 3 0.60
OWL0011 348,810 6,767,159 413 4 0 -90 0 2 2 0.87
OWL0012 348,818 6,767,166 412 4 0 -90 0 2 2 0.98
OWL0013 348,834 6,767,178 413 4 0 -90 0 1 1 1.00
OWL0014 348,808 6,767,145 413 4 0 -90 0 1 1 1.18
OWL0015 348,817 6,767,151 413 4 0 -90 0 1 1 0.35

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

47

Genesis Minerals Limited

29 March 2021

OWL0016 348,825 6,767,157 413 4 0 -90 0 2 2 0.74
OWL0017 348,833 6,767,163 413 4 0 -90 0 1 1 0.93
OWL0018 348,841 6,767,170 413 4 0 -90 0 1 1 0.96
OWL0019 348,830 6,767,150 413 4 0 -90 0 1 1 0.56
OWL0020 348,839 6,767,156 413 4 0 -90 0 1 1 0.86
OWL0021 348,847 6,767,161 412 4 0 -90 0 2 2 0.62
OWL0022 348,845 6,767,147 413 4 0 -90 0 1 1 0.89
OWL0023 348,852 6,767,153 413 4 0 -90 0 1 1 0.44
OWL0030 348,774 6,767,257 412 4 0 -90 0 2 2 0.67
OWL0031 348,782 6,767,263 412 4 0 -90 0 1 1 0.27
OWL0036 348,772 6,767,243 411 4 0 -90 0 3 3 0.62
OWL0037 348,780 6,767,249 411 4 0 -90 0 3 3 0.50
OWL0038 348,788 6,767,255 412 4 0 -90 0 2 2 0.25
OWL0042 348,770 6,767,229 412 4 0 -90 0 1 1 0.34
OWL0043 348,778 6,767,235 412 4 0 -90 0 1 1 0.21
OWL0044 348,786 6,767,241 412 4 0 -90 0 2 2 0.47
OWL0050 348,768 6,767,215 413 4 0 -90 0 1 1 0.56
OWL0051 348,776 6,767,221 412 4 0 -90 0 3 3 0.36
OWL0057 348,758 6,767,195 413 4 0 -90 0 1 1 1.17
OWL0058 348,766 6,767,201 413 4 0 -90 0 1 1 0.15
OWL0059 348,782 6,767,213 412 4 0 -90 0 2 2 0.75
OWL0063 348,741 6,767,169 412 4 0 -90 0 2 2 0.73
OWL0064 348,772 6,767,193 413 4 0 -90 0 1 1 0.45
OWL0065 348,780 6,767,199 412 4 0 -90 0 2 2 0.92
OWL0066 348,789 6,767,205 411 4 0 -90 0 4 4 0.81
OWL0070 348,755 6,767,167 411 4 0 -90 0 4 4 0.75
OWL0071 348,763 6,767,173 412 4 0 -90 0 3 3 0.71
OWL0072 348,779 6,767,185 412 4 0 -90 0 3 3 1.16
OWL0073 348,786 6,767,191 413 4 0 -90 0 1 1 0.85
OWL0074 348,794 6,767,197 412 4 0 -90 0 2 2 0.47
OWL0075 348,802 6,767,203 413 4 0 -90 0 1 1 0.62
OWL0076 348,810 6,767,209 413 4 0 -90 0 1 1 0.26
OWL0077 348,818 6,767,215 413 4 0 -90 0 1 1 0.95
OWL0078 348,761 6,767,159 413 4 0 -90 0 1 1 1.19
OWL0079 348,768 6,767,165 412 4 0 -90 0 4 4 2.25
OWL0080 348,777 6,767,171 413 4 0 -90 0 1 1 1.12
OWL0081 348,784 6,767,177 412 4 0 -90 0 3 3 1.04
OWL0082 348,792 6,767,183 412 4 0 -90 0 2 2 1.12
OWL0083 348,800 6,767,189 413 4 0 -90 0 1 1 0.81
OWL0084 348,808 6,767,195 413 4 0 -90 0 1 1 1.25
OWL0085 348,816 6,767,201 413 4 0 -90 0 1 1 1.05
OWL0086 348,824 6,767,207 412 4 0 -90 0 2 2 1.02
OWL0087 348,766 6,767,151 412 4 0 -90 0 2 2 2.26
OWL0088 348,775 6,767,157 413 4 0 -90 0 2 2 2.08
OWL0089 348,783 6,767,163 413 4 0 -90 0 1 1 1.12
OWL0090 348,791 6,767,169 412 4 0 -90 0 2 2 0.91
OWL0091 348,806 6,767,181 413 4 0 -90 0 1 1 0.86
OWL0092 348,814 6,767,187 413 4 0 -90 0 1 1 0.41
OWL0093 348,822 6,767,194 413 4 0 -90 0 1 1 0.45
OWL0094 348,830 6,767,199 412 4 0 -90 0 2 2 0.82
OWL0095 348,848 6,767,175 413 4 0 -90 0 1 1 1.33
OWL0097 349,224 6,766,632 412 10 0 -90 4 7 3 0.97
OWL0098 349,216 6,766,626 412 10 0 -90 2 8 6 2.02
OWL0105 349,242 6,766,659 411 10 0 -90 4 8 4 0.39
OWL0109 349,210 6,766,634 414 10 0 -90 1 5 4 0.95
OWL0110 349,202 6,766,628 413 10 0 -90 2 8 6 1.30
OWL0111 349,194 6,766,622 414 10 0 -90 2 6 4 1.14
OWL0117 349,236 6,766,666 413 10 0 -90 1 7 6 0.90
OWL0118 349,228 6,766,660 412 10 0 -90 2 8 6 0.29
OWL0119 349,220 6,766,654 412 10 0 -90 3 8 5 0.79
OWL0120 349,212 6,766,648 413 10 0 -90 1 8 7 1.14
OWL0121 349,204 6,766,642 413 10 0 -90 1 8 7 1.06
OWL0122 349,196 6,766,636 414 10 0 -90 1 7 6 1.77
OWL0123 349,188 6,766,630 413 10 0 -90 4 6 2 0.95

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

48

Genesis Minerals Limited

29 March 2021

OWL0128 349,230 6,766,674 411 10 0 -90 2 10 8 1.05
OWL0129 349,222 6,766,669 413 10 0 -90 1 7 6 0.84
OWL0130 349,213 6,766,663 412 10 0 -90 1 9 8 1.08
OWL0131 349,206 6,766,656 412 10 0 -90 2 9 7 0.99
OWL0132 349,198 6,766,650 412 10 0 -90 1 10 9 2.34
OWL0133 349,190 6,766,644 413 10 0 -90 2 8 6 0.86
OWL0137 349,224 6,766,682 413 10 0 -90 2 7 5 0.96
OWL0138 349,216 6,766,676 412 10 0 -90 2 8 6 2.02
OWL0139 349,208 6,766,670 412 10 0 -90 2 8 6 1.17
OWL0140 349,200 6,766,664 413 10 0 -90 1 9 8 1.70
OWL0141 349,192 6,766,658 413 10 0 -90 1 8 7 1.91
OWL0142 349,185 6,766,653 412 10 0 -90 4 8 4 1.11
OWL0146 349,233 6,766,703 415 8 0 -90 1 3 2 0.79
OWL0147 349,226 6,766,696 414 8 0 -90 1 6 5 0.54
OWL0148 349,218 6,766,690 413 8 0 -90 2 7 5 1.30
OWL0149 349,210 6,766,684 413 8 0 -90 1 7 6 1.47
OWL0150 349,202 6,766,678 414 8 0 -90 0 6 6 1.88
OWL0151 349,194 6,766,672 413 8 0 -90 1 8 7 1.56
OWL0152 349,186 6,766,666 412 8 0 -90 3 8 5 1.71
OWL0160 349,243 6,766,723 414 5 0 -90 1 3 2 0.52
OWL0161 349,235 6,766,716 415 8 0 -90 1 3 2 0.18
OWL0162 349,227 6,766,710 415 8 0 -90 1 3 2 0.52
OWL0163 349,220 6,766,705 414 8 0 -90 1 6 5 0.74
OWL0164 349,212 6,766,698 414 8 0 -90 0 7 7 1.50
OWL0165 349,204 6,766,692 414 8 0 -90 0 7 7 1.54
OWL0166 349,196 6,766,686 414 8 0 -90 0 7 7 2.07
OWL0167 349,188 6,766,680 414 8 0 -90 0 6 6 2.07
OWL0168 349,180 6,766,674 413 8 0 -90 1 8 7 1.47
OWL0169 349,172 6,766,668 414 8 0 -90 1 5 4 0.61
OWL0176 349,237 6,766,730 415 5 0 -90 0 3 3 0.63
OWL0177 349,230 6,766,724 415 8 0 -90 0 3 3 0.78
OWL0178 349,221 6,766,718 416 8 0 -90 0 2 2 0.67
OWL0179 349,213 6,766,712 414 6 0 -90 0 6 6 1.57
OWL0180 349,205 6,766,706 413 8 0 -90 0 7 7 1.60
OWL0181 349,197 6,766,700 413 8 0 -90 0 8 8 1.58
OWL0182 349,189 6,766,694 414 8 0 -90 0 6 6 2.12
OWL0183 349,181 6,766,688 414 8 0 -90 0 6 6 2.17
OWL0184 349,172 6,766,681 413 8 0 -90 0 8 8 2.49
OWL0185 349,166 6,766,676 413 8 0 -90 0 7 7 1.37
OWL0186 349,157 6,766,670 413 8 0 -90 0 7 7 0.58
OWL0190 349,255 6,766,757 414 5 0 -90 1 3 2 0.58
OWL0191 349,247 6,766,751 414 5 0 -90 1 3 2 0.63
OWL0192 349,239 6,766,745 414 5 0 -90 1 3 2 0.58
OWL0193 349,231 6,766,738 416 5 0 -90 0 2 2 0.52
OWL0194 349,223 6,766,732 415 8 0 -90 0 3 3 0.98
OWL0195 349,215 6,766,726 414 8 0 -90 0 5 5 0.45
OWL0196 349,207 6,766,720 414 8 0 -90 0 6 6 1.71
OWL0197 349,200 6,766,714 414 8 0 -90 0 6 6 2.05
OWL0198 349,191 6,766,708 414 8 0 -90 0 5 5 2.23
OWL0199 349,183 6,766,702 414 8 0 -90 0 5 5 2.19
OWL0200 349,176 6,766,696 413 8 0 -90 0 6 6 2.58
OWL0201 349,168 6,766,690 413 8 0 -90 0 7 7 2.55
OWL0202 349,160 6,766,684 413 8 0 -90 0 6 6 2.43
OWL0203 349,153 6,766,679 414 8 0 -90 0 5 5 1.27
OWL0204 349,144 6,766,672 416 8 0 -90 0 1 1 0.55
OWL0205 349,257 6,766,770 414 5 0 -90 0 3 3 0.41
OWL0206 349,249 6,766,764 415 5 0 -90 0 3 3 0.37
OWL0207 349,241 6,766,758 415 5 0 -90 0 3 3 0.51
OWL0208 349,233 6,766,752 415 5 0 -90 0 3 3 0.73
OWL0209 349,226 6,766,747 416 5 0 -90 0 2 2 0.62
OWL0210 349,217 6,766,740 415 8 0 -90 0 3 3 0.50
OWL0211 349,209 6,766,734 415 8 0 -90 0 2 2 1.88
OWL0212 349,201 6,766,728 414 8 0 -90 0 5 5 1.60
OWL0213 349,193 6,766,722 414 8 0 -90 0 4 4 1.11

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

49

Genesis Minerals Limited

29 March 2021

OWL0214 349,185 6,766,716 414 8 0 -90 0 4 4 1.69
OWL0215 349,178 6,766,710 414 8 0 -90 0 5 5 2.57
OWL0216 349,170 6,766,704 413 8 0 -90 0 6 6 2.52
OWL0217 349,162 6,766,698 414 8 0 -90 0 4 4 3.16
OWL0218 349,154 6,766,692 413 8 0 -90 0 6 6 1.93
OWL0219 349,145 6,766,687 412 8 0 -90 2 5 3 0.61
OWL0221 349,251 6,766,778 414 8 0 -90 1 3 2 0.74
OWL0222 349,243 6,766,772 414 5 0 -90 0 4 4 0.71
OWL0223 349,235 6,766,766 415 5 0 -90 0 3 3 0.74
OWL0224 349,227 6,766,760 415 5 0 -90 0 3 3 0.89
OWL0225 349,219 6,766,755 415 5 0 -90 0 3 3 0.80
OWL0226 349,211 6,766,748 415 5 0 -90 0 2 2 1.61
OWL0227 349,203 6,766,742 415 5 0 -90 0 2 2 1.68
OWL0228 349,195 6,766,736 413 8 0 -90 0 5 5 1.32
OWL0229 349,187 6,766,730 413 8 0 -90 0 6 6 1.24
OWL0230 349,179 6,766,724 413 8 0 -90 0 6 6 1.53
OWL0231 349,171 6,766,718 413 8 0 -90 0 6 6 2.60
OWL0232 349,163 6,766,712 413 8 0 -90 0 5 5 2.61
OWL0233 349,155 6,766,706 412 8 0 -90 0 7 7 1.74
OWL0234 349,147 6,766,700 413 8 0 -90 0 6 6 2.07
OWL0235 349,140 6,766,694 410 8 0 -90 4 8 4 0.55
OWL0236 349,132 6,766,688 409 8 0 -90 5 8 3 0.44
OWL0237 349,269 6,766,804 414 8 0 -90 1 3 2 0.45
OWL0238 349,261 6,766,798 414 6 0 -90 1 3 2 0.59
OWL0239 349,253 6,766,793 413 6 0 -90 2 4 2 0.71
OWL0240 349,245 6,766,786 414 6 0 -90 1 4 3 1.00
OWL0241 349,237 6,766,780 414 6 0 -90 1 4 3 0.90
OWL0242 349,229 6,766,774 415 6 0 -90 0 3 3 0.71
OWL0243 349,221 6,766,768 415 6 0 -90 0 3 3 0.69
OWL0244 349,213 6,766,762 415 6 0 -90 0 2 2 1.23
OWL0245 349,205 6,766,756 415 6 0 -90 0 2 2 1.71
OWL0246 349,195 6,766,749 414 6 0 -90 0 4 4 1.10
OWL0247 349,189 6,766,744 414 6 0 -90 0 3 3 1.35
OWL0248 349,181 6,766,738 413 6 0 -90 0 5 5 1.33
OWL0249 349,173 6,766,732 414 8 0 -90 0 3 3 2.58
OWL0250 349,165 6,766,726 413 8 0 -90 0 5 5 2.39
OWL0251 349,157 6,766,720 414 8 0 -90 0 4 4 2.88
OWL0252 349,149 6,766,714 414 8 0 -90 0 4 4 2.47
OWL0253 349,142 6,766,708 413 8 0 -90 0 5 5 2.25
OWL0254 349,134 6,766,702 411 8 0 -90 0 8 8 0.78
OWL0255 349,263 6,766,812 414 8 0 -90 0 3 3 0.53
OWL0256 349,255 6,766,807 414 6 0 -90 0 3 3 0.59
OWL0257 349,247 6,766,800 415 6 0 -90 0 3 3 0.60
OWL0258 349,239 6,766,794 414 6 0 -90 0 4 4 0.74
OWL0259 349,231 6,766,788 415 6 0 -90 0 3 3 0.83
OWL0260 349,223 6,766,782 415 6 0 -90 0 2 2 0.73
OWL0261 349,215 6,766,776 415 6 0 -90 0 2 2 0.96
OWL0262 349,207 6,766,770 415 6 0 -90 0 2 2 1.58
OWL0263 349,199 6,766,764 415 6 0 -90 0 2 2 1.67
OWL0264 349,191 6,766,758 413 8 0 -90 0 5 5 1.56
OWL0265 349,183 6,766,752 413 8 0 -90 0 4 4 1.29
OWL0266 349,175 6,766,746 413 8 0 -90 0 5 5 1.50
OWL0267 349,167 6,766,740 413 8 0 -90 0 4 4 1.45
OWL0268 349,160 6,766,734 412 8 0 -90 0 6 6 1.56
OWL0269 349,151 6,766,728 411 8 0 -90 0 8 8 1.29
OWL0270 349,141 6,766,720 413 8 0 -90 0 5 5 1.54
OWL0271 349,135 6,766,716 413 8 0 -90 0 4 4 3.09
OWL0272 349,126 6,766,709 412 8 0 -90 0 7 7 0.78
OWL0273 349,120 6,766,704 411 8 0 -90 0 8 8 0.17
OWL0274 349,112 6,766,697 409 8 0 -90 5 8 3 0.36
OWL0275 349,257 6,766,820 414 5 0 -90 0 3 3 0.59
OWL0276 349,249 6,766,814 414 5 0 -90 0 4 4 0.58
OWL0277 349,241 6,766,808 414 5 0 -90 0 4 4 0.76
OWL0278 349,233 6,766,802 414 5 0 -90 0 5 5 0.95

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

50

Genesis Minerals Limited

29 March 2021

OWL0279 349,225 6,766,796 414 5 0 -90 0 3 3 0.69
OWL0280 349,217 6,766,790 415 5 0 -90 0 2 2 1.14
OWL0281 349,209 6,766,784 415 5 0 -90 0 2 2 1.50
OWL0282 349,201 6,766,778 414 5 0 -90 0 2 2 1.67
OWL0283 349,193 6,766,772 414 8 0 -90 0 3 3 1.23
OWL0284 349,185 6,766,766 414 8 0 -90 0 2 2 3.06
OWL0285 349,177 6,766,760 413 8 0 -90 0 4 4 1.74
OWL0286 349,169 6,766,754 413 8 0 -90 0 5 5 1.15
OWL0287 349,161 6,766,748 414 8 0 -90 0 3 3 1.19
OWL0288 349,154 6,766,742 413 8 0 -90 0 5 5 1.40
OWL0289 349,145 6,766,736 413 8 0 -90 0 4 4 1.36
OWL0290 349,137 6,766,730 413 8 0 -90 0 5 5 2.45
OWL0291 349,129 6,766,724 414 8 0 -90 0 3 3 2.42
OWL0292 349,121 6,766,718 413 8 0 -90 0 7 7 1.14
OWL0293 349,112 6,766,711 411 8 0 -90 1 8 7 1.94
OWL0294 349,105 6,766,706 411 8 0 -90 2 7 5 0.58
OWL0295 349,098 6,766,699 409 8 0 -90 4 8 4 0.84
OWL0296 349,251 6,766,828 414 6 0 -90 0 3 3 0.44
OWL0297 349,243 6,766,822 414 6 0 -90 0 3 3 0.59
OWL0298 349,235 6,766,816 414 6 0 -90 0 3 3 0.78
OWL0299 349,227 6,766,810 414 6 0 -90 0 3 3 0.80
OWL0300 349,219 6,766,804 414 6 0 -90 0 3 3 0.74
OWL0301 349,211 6,766,798 414 6 0 -90 0 2 2 1.33
OWL0302 349,203 6,766,792 414 6 0 -90 0 2 2 1.50
OWL0303 349,195 6,766,786 414 6 0 -90 0 3 3 1.31
OWL0304 349,187 6,766,780 414 6 0 -90 0 2 2 1.00
OWL0305 349,179 6,766,774 415 6 0 -90 0 1 1 0.77
OWL0306 349,171 6,766,768 412 8 0 -90 0 7 7 0.84
OWL0307 349,164 6,766,762 414 8 0 -90 0 3 3 1.58
OWL0308 349,155 6,766,756 414 8 0 -90 0 3 3 1.38
OWL0309 349,147 6,766,750 413 8 0 -90 0 4 4 2.79
OWL0310 349,140 6,766,745 413 8 0 -90 0 5 5 1.90
OWL0311 349,131 6,766,738 413 8 0 -90 0 4 4 4.99
OWL0312 349,123 6,766,732 414 8 0 -90 0 3 3 2.74
OWL0313 349,116 6,766,726 414 8 0 -90 0 3 3 2.52
OWL0314 349,108 6,766,720 411 8 0 -90 3 5 2 0.40
OWL0315 349,100 6,766,714 410 8 0 -90 4 6 2 0.40
OWL0316 349,252 6,766,842 414 6 0 -90 0 3 3 0.37
OWL0317 349,244 6,766,837 415 6 0 -90 0 2 2 0.56
OWL0318 349,237 6,766,831 414 6 0 -90 0 3 3 0.60
OWL0319 349,229 6,766,824 414 6 0 -90 0 3 3 0.76
OWL0320 349,221 6,766,818 414 6 0 -90 0 2 2 0.78
OWL0321 349,213 6,766,812 415 6 0 -90 0 1 1 1.10
OWL0322 349,205 6,766,806 414 6 0 -90 0 2 2 1.30
OWL0323 349,197 6,766,800 414 6 0 -90 0 2 2 0.85
OWL0324 349,189 6,766,794 414 6 0 -90 0 2 2 0.78
OWL0325 349,181 6,766,788 414 6 0 -90 0 2 2 0.61
OWL0326 349,173 6,766,782 414 6 0 -90 0 2 2 0.90
OWL0327 349,165 6,766,776 413 6 0 -90 0 3 3 1.33
OWL0328 349,157 6,766,770 414 6 0 -90 0 2 2 0.94
OWL0329 349,149 6,766,764 413 6 0 -90 0 3 3 2.00
OWL0330 349,141 6,766,758 413 8 0 -90 0 4 4 0.70
OWL0331 349,133 6,766,751 413 8 0 -90 0 4 4 1.11
OWL0332 349,124 6,766,744 413 8 0 -90 0 4 4 1.49
OWL0333 349,116 6,766,739 413 8 0 -90 0 5 5 2.73
OWL0334 349,109 6,766,733 414 8 0 -90 0 2 2 2.00
OWL0336 349,254 6,766,856 413 5 0 -90 0 4 4 0.61
OWL0337 349,246 6,766,851 414 5 0 -90 0 3 3 0.48
OWL0338 349,239 6,766,844 414 5 0 -90 0 3 3 0.55
OWL0339 349,231 6,766,838 414 5 0 -90 0 3 3 0.63
OWL0340 349,223 6,766,832 414 5 0 -90 0 2 2 0.62
OWL0341 349,215 6,766,826 414 5 0 -90 0 2 2 0.81
OWL0342 349,207 6,766,820 414 5 0 -90 0 2 2 0.64
OWL0343 349,199 6,766,814 414 5 0 -90 0 2 2 0.87

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

51

Genesis Minerals Limited

29 March 2021

OWL0344 349,191 6,766,808 413 5 0 -90 0 4 4 0.61
OWL0345 349,183 6,766,802 413 5 0 -90 0 3 3 0.90
OWL0346 349,175 6,766,796 413 5 0 -90 0 3 3 0.83
OWL0347 349,167 6,766,790 414 5 0 -90 0 2 2 0.54
OWL0348 349,159 6,766,784 414 5 0 -90 0 2 2 1.54
OWL0349 349,151 6,766,778 414 5 0 -90 0 2 2 0.56
OWL0350 349,143 6,766,772 414 5 0 -90 0 2 2 3.42
OWL0351 349,135 6,766,766 414 5 0 -90 0 2 2 2.27
OWL0352 349,127 6,766,759 413 8 0 -90 0 5 5 0.91
OWL0353 349,119 6,766,754 412 9 0 -90 0 5 5 1.45
OWL0354 349,111 6,766,748 414 9 0 -90 0 3 3 188.15
OWL0355 349,103 6,766,741 414 9 0 -90 0 2 2 0.93
OWL0358 349,248 6,766,864 414 5 0 -90 0 3 3 0.47
OWL0359 349,241 6,766,858 414 5 0 -90 0 3 3 0.47
OWL0360 349,233 6,766,852 414 5 0 -90 0 2 2 0.47
OWL0361 349,225 6,766,846 413 5 0 -90 0 3 3 0.69
OWL0362 349,217 6,766,840 414 5 0 -90 0 2 2 0.89
OWL0363 349,209 6,766,834 414 5 0 -90 0 2 2 1.36
OWL0364 349,201 6,766,828 414 5 0 -90 0 2 2 0.74
OWL0365 349,193 6,766,822 414 5 0 -90 0 1 1 0.67
OWL0366 349,185 6,766,816 414 5 0 -90 0 2 2 1.09
OWL0367 349,177 6,766,810 413 5 0 -90 0 4 4 0.74
OWL0368 349,169 6,766,804 413 5 0 -90 0 4 4 0.62
OWL0369 349,161 6,766,798 414 5 0 -90 0 2 2 0.86
OWL0370 349,153 6,766,792 413 5 0 -90 0 3 3 0.95
OWL0371 349,145 6,766,786 414 5 0 -90 0 2 2 0.50
OWL0373 349,129 6,766,774 413 5 0 -90 0 4 4 1.84
OWL0374 349,121 6,766,767 413 5 0 -90 0 4 4 0.67
OWL0375 349,113 6,766,762 413 9 0 -90 0 3 3 1.88
OWL0376 349,105 6,766,756 413 9 0 -90 0 3 3 2.23
OWL0380 349,242 6,766,872 414 5 0 -90 0 3 3 0.49
OWL0381 349,235 6,766,867 413 5 0 -90 0 4 4 0.48
OWL0382 349,227 6,766,860 414 5 0 -90 0 2 2 0.69
OWL0383 349,219 6,766,854 414 5 0 -90 0 2 2 0.76
OWL0384 349,210 6,766,848 414 5 0 -90 0 2 2 0.62
OWL0385 349,203 6,766,842 414 5 0 -90 0 2 2 0.99
OWL0386 349,195 6,766,836 414 5 0 -90 0 2 2 0.36
OWL0387 349,187 6,766,830 414 5 0 -90 0 2 2 0.89
OWL0388 349,179 6,766,824 414 5 0 -90 0 2 2 0.70
OWL0389 349,171 6,766,818 413 5 0 -90 0 3 3 0.63
OWL0390 349,163 6,766,812 412 5 0 -90 0 5 5 0.73
OWL0391 349,155 6,766,806 413 5 0 -90 0 3 3 0.85
OWL0392 349,147 6,766,800 414 5 0 -90 0 2 2 0.82
OWL0393 349,139 6,766,794 414 5 0 -90 0 2 2 0.89
OWL0394 349,131 6,766,788 414 5 0 -90 0 2 2 0.97
OWL0395 349,123 6,766,782 414 5 0 -90 0 2 2 0.87
OWL0396 349,115 6,766,776 413 5 0 -90 0 3 3 0.68
OWL0397 349,107 6,766,770 413 9 0 -90 0 3 3 3.01
OWL0398 349,099 6,766,764 414 9 0 -90 0 2 2 0.89
OWL0402 349,236 6,766,880 412 5 0 -90 0 5 5 0.48
OWL0403 349,228 6,766,874 414 5 0 -90 0 2 2 0.62
OWL0404 349,220 6,766,868 413 5 0 -90 0 4 4 0.83
OWL0405 349,213 6,766,862 413 5 0 -90 0 3 3 0.96
OWL0406 349,205 6,766,856 414 5 0 -90 0 2 2 0.46
OWL0407 349,197 6,766,850 414 5 0 -90 0 2 2 0.38
OWL0408 349,189 6,766,844 414 5 0 -90 0 2 2 0.26
OWL0409 349,181 6,766,838 414 5 0 -90 0 2 2 0.52
OWL0410 349,173 6,766,832 414 5 0 -90 0 2 2 0.48
OWL0411 349,165 6,766,826 414 5 0 -90 0 2 2 0.78
OWL0412 349,157 6,766,820 414 5 0 -90 0 2 2 1.33
OWL0413 349,149 6,766,814 413 5 0 -90 0 3 3 1.10
OWL0414 349,141 6,766,808 413 5 0 -90 0 4 4 1.28
OWL0415 349,133 6,766,802 414 5 0 -90 0 2 2 0.18
OWL0416 349,125 6,766,796 414 5 0 -90 0 2 2 0.85

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

52

Genesis Minerals Limited

29 March 2021

OWL0417 349,118 6,766,791 414 5 0 -90 0 2 2 0.82
OWL0418 349,113 6,766,785 414 5 0 -90 0 2 2 0.77
OWL0419 349,101 6,766,777 413 5 0 -90 0 3 3 1.51
OWL0420 349,093 6,766,771 414 9 0 -90 0 2 2 1.00
OWL0424 349,230 6,766,888 414 5 0 -90 0 1 1 0.66
OWL0425 349,222 6,766,882 414 5 0 -90 0 1 1 0.46
OWL0426 349,214 6,766,876 414 5 0 -90 0 1 1 0.77
OWL0427 349,207 6,766,870 414 5 0 -90 0 1 1 0.85
OWL0428 349,199 6,766,864 414 5 0 -90 0 1 1 0.46
OWL0429 349,191 6,766,858 414 5 0 -90 0 1 1 0.57
OWL0430 349,183 6,766,852 414 5 0 -90 0 1 1 1.02
OWL0431 349,175 6,766,845 413 5 0 -90 0 2 2 0.65
OWL0432 349,167 6,766,840 414 5 0 -90 0 2 2 0.85
OWL0433 349,159 6,766,834 413 5 0 -90 0 2 2 1.02
OWL0434 349,151 6,766,828 413 5 0 -90 0 3 3 0.72
OWL0435 349,143 6,766,821 414 5 0 -90 0 2 2 0.69
OWL0436 349,135 6,766,815 414 5 0 -90 0 2 2 0.31
OWL0437 349,127 6,766,810 414 5 0 -90 0 2 2 0.44
OWL0438 349,119 6,766,804 414 5 0 -90 0 2 2 1.20
OWL0439 349,111 6,766,797 414 5 0 -90 0 2 2 0.27
OWL0440 349,101 6,766,789 414 5 0 -90 0 2 2 1.45
OWL0441 349,096 6,766,785 414 9 0 -90 0 2 2 0.92
OWL0444 349,224 6,766,896 413 4 0 -90 0 2 2 0.75
OWL0445 349,216 6,766,890 414 4 0 -90 0 1 1 0.32
OWL0446 349,208 6,766,884 414 4 0 -90 0 1 1 0.60
OWL0447 349,200 6,766,878 414 4 0 -90 0 1 1 0.66
OWL0448 349,192 6,766,872 414 4 0 -90 0 1 1 0.55
OWL0449 349,185 6,766,866 414 4 0 -90 0 1 1 0.56
OWL0450 349,177 6,766,860 413 4 0 -90 0 2 2 0.86
OWL0451 349,168 6,766,854 413 4 0 -90 0 2 2 0.82
OWL0452 349,161 6,766,848 413 4 0 -90 0 2 2 0.61
OWL0453 349,153 6,766,841 413 4 0 -90 0 2 2 0.74
OWL0454 349,145 6,766,835 414 4 0 -90 0 2 2 0.49
OWL0455 349,137 6,766,829 414 4 0 -90 0 2 2 0.35
OWL0456 349,129 6,766,823 414 4 0 -90 0 2 2 0.73
OWL0457 349,121 6,766,817 414 4 0 -90 0 1 1 0.75
OWL0458 349,113 6,766,811 414 4 0 -90 0 1 1 0.15
OWL0459 349,105 6,766,806 414 4 0 -90 0 2 2 2.67
OWL0460 349,097 6,766,799 414 4 0 -90 0 2 2 0.82
OWL0461 349,226 6,766,910 413 4 0 -90 0 1 1 0.61
OWL0462 349,218 6,766,904 413 4 0 -90 0 2 2 0.29
OWL0463 349,210 6,766,898 414 4 0 -90 0 1 1 0.45
OWL0464 349,202 6,766,892 414 4 0 -90 0 1 1 0.52
OWL0465 349,194 6,766,886 414 4 0 -90 0 1 1 0.41
OWL0466 349,186 6,766,880 414 4 0 -90 0 1 1 0.19
OWL0467 349,179 6,766,874 414 4 0 -90 0 1 1 0.30
OWL0468 349,171 6,766,868 413 4 0 -90 0 2 2 0.51
OWL0469 349,163 6,766,861 413 4 0 -90 0 2 2 0.56
OWL0470 349,155 6,766,855 413 4 0 -90 0 2 2 0.59
OWL0471 349,147 6,766,849 413 4 0 -90 0 2 2 0.92
OWL0472 349,139 6,766,843 414 4 0 -90 0 2 2 1.08
OWL0473 349,131 6,766,837 414 4 0 -90 0 1 1 0.51
OWL0478 349,236 6,766,930 413 4 0 -90 0 2 2 0.73
OWL0479 349,229 6,766,925 413 4 0 -90 0 2 2 0.54
OWL0480 349,221 6,766,919 413 4 0 -90 0 2 2 0.41
OWL0481 349,212 6,766,912 413 4 0 -90 0 1 1 0.48
OWL0482 349,204 6,766,906 413 4 0 -90 0 1 1 0.32
OWL0483 349,196 6,766,900 414 4 0 -90 0 1 1 0.38
OWL0484 349,188 6,766,894 414 4 0 -90 0 1 1 0.38
OWL0485 349,181 6,766,888 414 4 0 -90 0 1 1 0.51
OWL0486 349,173 6,766,882 414 4 0 -90 0 1 1 0.42
OWL0487 349,165 6,766,876 414 4 0 -90 0 1 1 0.55
OWL0488 349,156 6,766,870 414 4 0 -90 0 1 1 0.45
OWL0489 349,148 6,766,864 414 4 0 -90 0 1 1 0.34

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

53

Genesis Minerals Limited

29 March 2021

OWL0490 349,140 6,766,858 414 4 0 -90 0 1 1 0.64
OWL0492 349,222 6,766,982 413 4 0 -90 0 2 2 0.52
OWL0493 349,213 6,766,976 413 4 0 -90 0 1 1 0.67
OWL0494 349,206 6,766,970 413 4 0 -90 0 2 2 0.63
OWL0495 349,197 6,766,964 413 4 0 -90 0 1 1 0.56
OWL0496 349,190 6,766,958 413 4 0 -90 0 2 2 0.55
OWL0497 349,182 6,766,952 413 4 0 -90 0 1 1 0.60
OWL0498 349,174 6,766,946 413 4 0 -90 0 1 1 0.34
OWL0499 349,166 6,766,940 414 4 0 -90 0 1 1 0.49
OWL0500 349,223 6,766,996 412 4 0 -90 0 3 3 0.53
OWL0501 349,216 6,766,990 413 4 0 -90 0 2 2 0.81
OWL0502 349,207 6,766,984 413 4 0 -90 0 1 1 0.64
OWL0503 349,200 6,766,979 412 4 0 -90 0 3 3 0.57
OWL0504 349,192 6,766,972 413 4 0 -90 0 1 1 0.84
OWL0505 349,184 6,766,966 413 4 0 -90 0 1 1 0.76
OWL0506 349,176 6,766,960 413 4 0 -90 0 2 2 1.19
OWL0507 349,168 6,766,954 414 4 0 -90 0 1 1 0.29
OWL0510 349,225 6,767,010 412 5 0 -90 0 3 3 0.67
OWL0511 349,218 6,767,005 413 5 0 -90 0 2 2 0.97
OWL0512 349,210 6,766,998 412 5 0 -90 0 3 3 0.83
OWL0513 349,201 6,766,992 413 5 0 -90 0 2 2 0.50
OWL0514 349,194 6,766,986 413 5 0 -90 0 2 2 0.53
OWL0515 349,186 6,766,980 413 5 0 -90 0 2 2 0.56
OWL0516 349,177 6,766,974 412 5 0 -90 0 3 3 0.80
OWL0517 349,170 6,766,968 413 5 0 -90 0 2 2 0.45
OWL0518 349,162 6,766,962 413 5 0 -90 0 2 2 0.80
OWL0520 349,227 6,767,024 412 5 0 -90 0 3 3 0.64
OWL0521 349,219 6,767,018 412 5 0 -90 0 3 3 0.68
OWL0522 349,211 6,767,012 412 5 0 -90 0 3 3 0.75
OWL0523 349,203 6,767,006 412 5 0 -90 0 3 3 0.78
OWL0524 349,195 6,767,000 412 5 0 -90 0 4 4 0.70
OWL0525 349,188 6,766,994 412 5 0 -90 0 3 3 0.76
OWL0526 349,180 6,766,988 412 5 0 -90 0 3 3 0.61
OWL0527 349,172 6,766,982 413 5 0 -90 0 2 2 0.46
OWL0528 349,164 6,766,976 413 5 0 -90 0 1 1 0.53
OWL0529 349,156 6,766,970 414 5 0 -90 0 1 1 1.42
OWL0531 349,221 6,767,032 411 5 0 -90 0 4 4 1.16
OWL0532 349,214 6,767,027 411 5 0 -90 0 4 4 0.97
OWL0533 349,205 6,767,020 412 5 0 -90 0 3 3 0.90
OWL0534 349,198 6,767,014 413 5 0 -90 0 2 2 0.78
OWL0535 349,190 6,767,008 411 5 0 -90 0 5 5 0.66
OWL0536 349,182 6,767,002 413 5 0 -90 0 2 2 0.50
OWL0537 349,174 6,766,996 413 5 0 -90 0 2 2 0.77
OWL0538 349,166 6,766,990 413 5 0 -90 0 2 2 1.14
OWL0539 349,158 6,766,984 413 5 0 -90 0 2 2 1.15
OWL0540 349,150 6,766,978 413 5 0 -90 0 1 1 0.56
OWL0541 349,142 6,766,971 414 5 0 -90 0 1 1 0.63
OWL0544 349,112 6,767,176 412 4 0 -90 0 2 2 0.51
OWL0545 349,105 6,767,169 413 4 0 -90 0 1 1 0.51
OWL0546 349,097 6,767,164 412 4 0 -90 0 2 2 0.58
OWL0547 349,089 6,767,157 412 4 0 -90 0 3 3 0.57
OWL0548 349,081 6,767,151 412 4 0 -90 0 2 2 0.75
OWL0549 349,073 6,767,145 413 4 0 -90 0 2 2 0.92
OWL0550 349,065 6,767,140 412 4 0 -90 0 3 3 0.90
OWL0551 349,057 6,767,133 413 4 0 -90 0 1 1 0.56
OWL0552 349,049 6,767,127 413 4 0 -90 0 2 2 0.72
OWL0553 349,041 6,767,121 414 4 0 -90 0 1 1 0.67
OWL0554 349,033 6,767,115 414 4 0 -90 0 1 1 0.83
OWL0555 349,025 6,767,109 413 4 0 -90 0 2 2 0.70
OWL0556 349,017 6,767,103 414 4 0 -90 0 1 1 0.73
OWL0559 349,114 6,767,189 412 4 0 -90 0 1 1 0.51
OWL0560 349,106 6,767,183 412 4 0 -90 0 2 2 0.58
OWL0561 349,098 6,767,177 412 4 0 -90 0 2 2 0.61
OWL0562 349,090 6,767,171 412 4 0 -90 0 2 2 0.54

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

54

Genesis Minerals Limited

29 March 2021

OWL0563 349,083 6,767,165 412 4 0 -90 0 2 2 0.74
OWL0564 349,075 6,767,159 412 4 0 -90 0 3 3 0.98
OWL0565 349,067 6,767,153 412 4 0 -90 0 3 3 0.93
OWL0566 349,059 6,767,147 412 4 0 -90 0 3 3 1.06
OWL0567 349,051 6,767,141 412 4 0 -90 0 3 3 0.77
OWL0568 349,043 6,767,135 413 4 0 -90 0 2 2 0.64
OWL0569 349,035 6,767,129 413 4 0 -90 0 3 3 0.73
OWL0570 349,027 6,767,123 413 4 0 -90 0 2 2 0.63
OWL0571 349,019 6,767,117 414 4 0 -90 0 1 1 0.59
OWL0572 349,011 6,767,111 414 4 0 -90 0 1 1 0.46
OWL0573 349,003 6,767,105 414 4 0 -90 0 1 1 0.67
OWL0574 349,100 6,767,191 412 4 0 -90 0 2 2 0.52
OWL0575 349,092 6,767,186 412 4 0 -90 0 2 2 0.57
OWL0576 349,084 6,767,180 413 4 0 -90 0 1 1 0.64
OWL0577 349,076 6,767,173 412 4 0 -90 0 2 2 0.67
OWL0578 349,068 6,767,168 412 4 0 -90 0 2 2 0.75
OWL0579 349,061 6,767,161 412 4 0 -90 0 3 3 0.83
OWL0580 349,053 6,767,155 412 4 0 -90 0 3 3 1.30
OWL0581 349,044 6,767,149 413 4 0 -90 0 2 2 1.02
OWL0582 349,037 6,767,143 413 4 0 -90 0 2 2 1.08
OWL0583 349,029 6,767,137 413 4 0 -90 0 2 2 1.33
OWL0584 349,021 6,767,131 413 4 0 -90 0 2 2 1.20
OWL0585 349,013 6,767,125 413 4 0 -90 0 2 2 0.66
OWL0586 349,005 6,767,119 414 4 0 -90 0 1 1 0.43
OWL0587 348,997 6,767,113 413 4 0 -90 0 1 1 0.76
OWL0588 349,070 6,767,181 412 4 0 -90 0 2 2 0.69
OWL0589 349,063 6,767,176 412 4 0 -90 0 2 2 0.65
OWL0590 349,055 6,767,169 412 4 0 -90 0 3 3 0.89
OWL0591 349,047 6,767,163 413 4 0 -90 0 2 2 1.90
OWL0592 349,039 6,767,157 412 4 0 -90 0 3 3 1.13
OWL0593 349,031 6,767,151 413 4 0 -90 0 2 2 0.86
OWL0594 349,023 6,767,145 412 4 0 -90 0 3 3 1.13
OWL0595 349,015 6,767,139 413 4 0 -90 0 2 2 1.05
OWL0596 349,007 6,767,133 413 4 0 -90 0 1 1 0.70
OWL0597 348,999 6,767,126 413 4 0 -90 0 1 1 0.59
OWL0598 349,080 6,767,201 412 4 0 -90 0 2 2 0.60
OWL0599 349,072 6,767,195 412 4 0 -90 0 2 2 0.77
OWL0600 349,065 6,767,189 412 4 0 -90 0 2 2 0.93
OWL0601 349,057 6,767,183 412 4 0 -90 0 2 2 0.71
OWL0602 349,049 6,767,177 412 4 0 -90 0 3 3 1.02
OWL0603 349,041 6,767,171 412 4 0 -90 0 2 2 1.15
OWL0604 349,033 6,767,165 413 4 0 -90 0 2 2 1.30
OWL0605 349,025 6,767,159 412 4 0 -90 0 3 3 1.20
OWL0606 349,017 6,767,153 412 4 0 -90 0 3 3 0.68
OWL0607 349,009 6,767,147 413 4 0 -90 0 2 2 0.94
OWL0608 349,001 6,767,141 412 4 0 -90 0 3 3 0.77
OWL0609 348,994 6,767,134 413 4 0 -90 0 1 1 0.90
OWL0610 348,985 6,767,129 413 4 0 -90 0 1 1 0.50
OWL0611 348,977 6,767,123 413 4 0 -90 0 1 1 0.83
OWL0612 348,969 6,767,116 413 4 0 -90 0 1 1 0.57
OWL0613 348,961 6,767,110 413 4 0 -90 0 1 1 0.37
OWL0614 348,953 6,767,104 413 4 0 -90 0 1 1 0.81
OWL0617 349,082 6,767,215 411 4 0 -90 0 4 4 0.66
OWL0618 349,074 6,767,209 412 4 0 -90 0 2 2 0.73
OWL0619 349,066 6,767,203 412 4 0 -90 0 2 2 0.76
OWL0620 349,059 6,767,197 412 4 0 -90 0 3 3 1.00
OWL0621 349,051 6,767,191 412 4 0 -90 0 2 2 0.86
OWL0622 349,042 6,767,185 412 4 0 -90 0 3 3 1.04
OWL0623 349,035 6,767,179 412 4 0 -90 0 3 3 0.98
OWL0624 349,027 6,767,173 413 4 0 -90 0 2 2 1.00
OWL0625 349,019 6,767,167 413 4 0 -90 0 2 2 1.31
OWL0626 349,011 6,767,161 413 4 0 -90 0 2 2 0.97
OWL0627 349,003 6,767,155 413 4 0 -90 0 1 1 1.02
OWL0628 348,993 6,767,147 413 4 0 -90 0 1 1 1.09

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

55

Genesis Minerals Limited

29 March 2021

OWL0629 348,987 6,767,143 413 4 0 -90 0 1 1 0.75
OWL0630 348,979 6,767,137 413 4 0 -90 0 1 1 0.59
OWL0631 348,971 6,767,131 413 4 0 -90 0 1 1 0.82
OWL0632 348,963 6,767,124 413 4 0 -90 0 1 1 0.25
OWL0633 348,955 6,767,118 413 4 0 -90 0 1 1 0.53
OWL0634 348,947 6,767,112 413 4 0 -90 0 1 1 0.63
OWL0635 348,939 6,767,106 413 4 0 -90 0 1 1 0.68
OWL0636 348,931 6,767,100 413 4 0 -90 0 1 1 0.95
OWL0637 348,923 6,767,094 413 4 0 -90 0 1 1 0.72
OWL0638 348,916 6,767,088 414 4 0 -90 0 1 1 0.54
OWL0639 348,907 6,767,082 414 4 0 -90 0 1 1 0.82
OWL0640 349,091 6,767,234 412 4 0 -90 0 1 1 0.78
OWL0641 349,085 6,767,230 411 4 0 -90 0 4 4 0.65
OWL0642 349,076 6,767,223 411 4 0 -90 0 3 3 0.75
OWL0643 349,068 6,767,217 411 4 0 -90 0 3 3 0.53
OWL0644 349,060 6,767,211 412 4 0 -90 0 3 3 0.81
OWL0645 349,052 6,767,205 412 4 0 -90 0 2 2 0.69
OWL0646 349,045 6,767,199 412 4 0 -90 0 2 2 0.88
OWL0647 349,037 6,767,193 412 4 0 -90 0 2 2 0.97
OWL0648 349,029 6,767,187 413 4 0 -90 0 2 2 1.01
OWL0649 349,021 6,767,181 412 4 0 -90 0 2 2 1.05
OWL0650 349,013 6,767,175 412 4 0 -90 0 2 2 1.18
OWL0651 349,005 6,767,168 412 4 0 -90 0 2 2 1.38
OWL0652 348,997 6,767,163 413 4 0 -90 0 1 1 0.61
OWL0653 348,989 6,767,157 412 4 0 -90 0 2 2 0.87
OWL0654 348,981 6,767,151 413 4 0 -90 0 1 1 0.83
OWL0655 348,973 6,767,144 413 4 0 -90 0 1 1 2.33
OWL0656 348,965 6,767,138 412 4 0 -90 0 2 2 1.65
OWL0657 348,957 6,767,132 413 4 0 -90 0 1 1 0.85
OWL0658 348,949 6,767,126 413 4 0 -90 0 1 1 0.95
OWL0659 348,941 6,767,120 413 4 0 -90 0 1 1 1.16
OWL0660 348,933 6,767,114 413 4 0 -90 0 2 2 1.35
OWL0661 348,925 6,767,108 413 4 0 -90 0 2 2 0.85
OWL0662 348,917 6,767,102 413 4 0 -90 0 1 1 0.52
OWL0663 348,909 6,767,096 413 4 0 -90 0 3 3 2.15
OWL0664 348,901 6,767,090 414 4 0 -90 0 1 1 1.10
OWL0665 349,086 6,767,244 411 4 0 -90 0 3 3 0.58
OWL0666 349,079 6,767,238 411 4 0 -90 0 3 3 0.82
OWL0667 349,070 6,767,231 411 4 0 -90 0 4 4 0.69
OWL0668 349,062 6,767,225 411 4 0 -90 0 3 3 0.95
OWL0669 349,054 6,767,219 411 4 0 -90 0 3 3 1.03
OWL0670 349,046 6,767,213 412 4 0 -90 0 3 3 1.00
OWL0671 349,039 6,767,207 412 4 0 -90 0 2 2 1.24
OWL0672 349,031 6,767,201 412 4 0 -90 0 3 3 1.22
OWL0673 349,023 6,767,195 412 4 0 -90 0 3 3 1.16
OWL0674 349,015 6,767,189 412 4 0 -90 0 3 3 1.16
OWL0675 349,006 6,767,183 412 4 0 -90 0 3 3 0.92
OWL0676 348,999 6,767,176 412 4 0 -90 0 2 2 1.08
OWL0677 348,991 6,767,171 413 4 0 -90 0 1 1 0.90
OWL0678 348,983 6,767,164 412 4 0 -90 0 2 2 0.85
OWL0679 348,975 6,767,159 413 4 0 -90 0 1 1 1.15
OWL0680 348,967 6,767,152 411 4 0 -90 0 4 4 0.91
OWL0681 348,959 6,767,146 413 4 0 -90 0 1 1 0.80
OWL0682 348,951 6,767,140 412 4 0 -90 0 2 2 0.89
OWL0683 348,943 6,767,134 413 4 0 -90 0 1 1 0.83
OWL0684 348,935 6,767,128 412 4 0 -90 0 2 2 1.15
OWL0685 348,927 6,767,122 413 4 0 -90 0 2 2 1.26
OWL0686 348,919 6,767,116 413 4 0 -90 0 2 2 1.11
OWL0687 348,911 6,767,110 413 4 0 -90 0 2 2 0.94
OWL0688 348,903 6,767,104 413 4 0 -90 0 2 2 0.72
OWL0689 348,895 6,767,098 413 4 0 -90 0 2 2 0.69
OWL0690 349,086 6,767,255 411 5 0 -90 0 3 3 0.78
OWL0691 349,072 6,767,245 412 5 0 -90 0 2 2 0.88
OWL0692 349,064 6,767,239 412 5 0 -90 0 2 2 1.10

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

56

Genesis Minerals Limited

29 March 2021

OWL0693 349,056 6,767,233 411 5 0 -90 0 3 3 0.95
OWL0694 349,048 6,767,227 411 5 0 -90 0 3 3 0.94
OWL0695 349,041 6,767,221 411 5 0 -90 0 3 3 1.16
OWL0696 349,033 6,767,215 412 5 0 -90 0 3 3 1.05
OWL0697 349,024 6,767,209 412 5 0 -90 0 2 2 1.26
OWL0698 349,016 6,767,203 412 5 0 -90 0 2 2 1.20
OWL0699 349,011 6,767,199 412 5 0 -90 0 2 2 1.07
OWL0700 349,000 6,767,190 412 5 0 -90 0 2 2 1.07
OWL0701 348,992 6,767,185 412 5 0 -90 0 2 2 1.48
OWL0702 348,985 6,767,179 412 5 0 -90 0 2 2 0.75
OWL0703 348,976 6,767,172 412 5 0 -90 0 3 3 0.73
OWL0704 348,969 6,767,166 412 5 0 -90 0 3 3 1.10
OWL0705 348,961 6,767,161 412 5 0 -90 0 2 2 0.70
OWL0706 348,953 6,767,154 412 5 0 -90 0 3 3 0.88
OWL0707 348,945 6,767,148 412 5 0 -90 0 2 2 0.96
OWL0708 348,937 6,767,142 412 5 0 -90 0 2 2 1.19
OWL0709 348,929 6,767,136 413 5 0 -90 0 1 1 0.63
OWL0710 348,921 6,767,130 413 5 0 -90 0 1 1 1.32
OWL0711 348,913 6,767,124 413 5 0 -90 0 1 1 0.95
OWL0712 348,905 6,767,118 412 5 0 -90 0 3 3 0.96
OWL0713 348,897 6,767,112 413 5 0 -90 0 2 2 0.29
OWL0714 348,889 6,767,106 414 5 0 -90 0 1 1 0.81
OWL0718 349,083 6,767,266 411 5 0 -90 0 3 3 0.79
OWL0719 349,074 6,767,259 411 5 0 -90 0 3 3 0.80
OWL0720 349,066 6,767,253 411 5 0 -90 0 3 3 1.04
OWL0721 349,059 6,767,247 411 5 0 -90 0 3 3 0.89
OWL0722 349,050 6,767,241 411 5 0 -90 0 3 3 1.01
OWL0723 349,042 6,767,235 412 5 0 -90 0 2 2 1.17
OWL0724 349,034 6,767,229 411 5 0 -90 0 3 3 1.44
OWL0725 349,026 6,767,223 411 5 0 -90 0 3 3 1.25
OWL0726 349,019 6,767,217 411 5 0 -90 0 3 3 1.31
OWL0727 349,013 6,767,212 412 5 0 -90 0 2 2 1.38
OWL0728 349,002 6,767,204 411 5 0 -90 0 3 3 1.06
OWL0729 348,994 6,767,198 412 5 0 -90 0 2 2 1.10
OWL0730 348,986 6,767,192 412 5 0 -90 0 2 2 0.87
OWL0731 348,979 6,767,186 412 5 0 -90 0 1 1 1.29
OWL0732 348,970 6,767,180 412 5 0 -90 0 3 3 0.74
OWL0733 348,962 6,767,174 412 5 0 -90 0 2 2 0.89
OWL0734 348,955 6,767,168 412 5 0 -90 0 2 2 1.24
OWL0735 348,947 6,767,162 412 5 0 -90 0 2 2 0.92
OWL0736 348,939 6,767,156 412 5 0 -90 0 2 2 1.01
OWL0737 348,931 6,767,150 413 5 0 -90 0 1 1 1.91
OWL0738 348,923 6,767,144 413 5 0 -90 0 1 1 1.02
OWL0739 348,915 6,767,138 413 5 0 -90 0 1 1 0.66
OWL0740 348,907 6,767,132 412 5 0 -90 0 2 2 0.56
OWL0741 348,899 6,767,126 413 5 0 -90 0 1 1 0.63
OWL0742 348,891 6,767,120 414 5 0 -90 0 1 1 0.79
OWL0743 348,883 6,767,114 414 5 0 -90 0 1 1 0.28
OWL0744 349,029 6,767,237 411 5 0 -90 0 3 3 1.48
OWL0745 349,020 6,767,231 411 5 0 -90 0 3 3 1.01
OWL0746 349,010 6,767,223 412 5 0 -90 0 2 2 1.69
OWL0747 349,004 6,767,218 412 5 0 -90 0 2 2 1.51
OWL0748 348,996 6,767,212 412 5 0 -90 0 2 2 1.15
OWL0749 348,988 6,767,207 412 5 0 -90 0 2 2 1.29
OWL0750 348,980 6,767,200 412 5 0 -90 0 2 2 0.91
OWL0751 348,972 6,767,194 412 5 0 -90 0 2 2 0.83
OWL0752 348,964 6,767,188 412 5 0 -90 0 2 2 0.72
OWL0753 348,956 6,767,182 412 5 0 -90 0 2 2 1.05
OWL0754 348,948 6,767,176 412 5 0 -90 0 2 2 0.87
OWL0755 348,940 6,767,170 412 5 0 -90 0 2 2 1.00
OWL0756 348,932 6,767,164 412 5 0 -90 0 2 2 1.22
OWL0757 348,925 6,767,158 413 5 0 -90 0 1 1 1.42
OWL0758 348,916 6,767,152 413 5 0 -90 0 1 1 0.89
OWL0759 348,909 6,767,146 413 5 0 -90 0 1 1 0.83

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

57

Genesis Minerals Limited

29 March 2021

OWL0760 348,901 6,767,140 413 5 0 -90 0 1 1 1.20
OWL0761 348,893 6,767,134 413 5 0 -90 0 1 1 0.39
OWL0762 348,885 6,767,128 413 5 0 -90 0 1 1 0.35
OWL0763 348,877 6,767,122 414 5 0 -90 0 1 1 0.80
OWL0764 349,022 6,767,245 411 5 0 -90 0 4 4 1.19
OWL0765 349,014 6,767,238 411 5 0 -90 0 3 3 1.36
OWL0766 349,006 6,767,233 411 5 0 -90 0 3 3 1.93
OWL0767 348,998 6,767,227 411 5 0 -90 0 3 3 6.33
OWL0768 348,990 6,767,221 411 3 0 -90 0 3 3 1.38
OWL0769 348,982 6,767,214 412 3 0 -90 0 2 2 1.34
OWL0770 348,974 6,767,208 411 3 0 -90 0 3 3 1.22
OWL0771 348,966 6,767,202 411 3 0 -90 0 3 3 1.07
OWL0772 348,958 6,767,196 411 3 0 -90 0 3 3 1.51
OWL0773 348,950 6,767,190 412 3 0 -90 0 2 2 1.82
OWL0774 348,942 6,767,184 412 3 0 -90 0 2 2 0.85
OWL0775 348,934 6,767,178 412 3 0 -90 0 1 1 1.50
OWL0776 348,926 6,767,172 413 3 0 -90 0 1 1 1.19
OWL0777 348,919 6,767,166 412 3 0 -90 0 2 2 0.87
OWL0778 348,910 6,767,160 412 3 0 -90 0 2 2 0.98
OWL0779 348,903 6,767,154 412 3 0 -90 0 3 3 1.22
OWL0780 348,895 6,767,148 412 3 0 -90 0 2 2 0.57
OWL0781 348,887 6,767,142 413 3 0 -90 0 1 1 0.86
OWL0782 348,879 6,767,136 413 3 0 -90 0 1 1 0.75
OWL0783 348,871 6,767,130 413 3 0 -90 0 2 2 0.76
OWL0784 349,016 6,767,253 411 5 0 -90 0 3 3 1.51
OWL0785 349,008 6,767,247 411 5 0 -90 0 2 2 1.63
OWL0786 349,000 6,767,240 411 5 0 -90 0 3 3 1.67
OWL0787 348,992 6,767,235 411 5 0 -90 0 3 3 1.52
OWL0788 348,984 6,767,228 411 4 0 -90 0 3 3 1.17
OWL0789 348,976 6,767,223 412 4 0 -90 0 2 2 1.04
OWL0790 348,968 6,767,216 412 4 0 -90 0 2 2 0.89
OWL0791 348,960 6,767,210 411 4 0 -90 0 4 4 1.50
OWL0792 348,952 6,767,204 411 4 0 -90 0 3 3 1.22
OWL0793 348,944 6,767,198 411 4 0 -90 0 3 3 0.88
OWL0794 348,937 6,767,192 411 4 0 -90 0 3 3 0.48
OWL0795 348,928 6,767,186 412 4 0 -90 0 2 2 2.04
OWL0796 348,920 6,767,180 412 4 0 -90 0 2 2 0.94
OWL0797 348,912 6,767,174 412 4 0 -90 0 2 2 1.62
OWL0798 348,904 6,767,168 411 4 0 -90 0 4 4 1.14
OWL0799 348,897 6,767,162 412 4 0 -90 0 2 2 1.05
OWL0800 348,889 6,767,156 412 4 0 -90 0 2 2 0.40
OWL0801 348,881 6,767,150 413 4 0 -90 0 1 1 0.57
OWL0802 348,872 6,767,144 413 4 0 -90 0 1 1 0.52
OWL0803 348,865 6,767,138 413 4 0 -90 0 1 1 0.44
OWL0804 349,010 6,767,261 411 5 0 -90 0 4 4 1.29
OWL0805 349,002 6,767,254 411 5 0 -90 0 3 3 1.63
OWL0806 348,994 6,767,248 410 5 0 -90 0 4 4 1.23
OWL0807 348,986 6,767,243 411 5 0 -90 0 2 2 1.42
OWL0808 348,978 6,767,237 411 4 0 -90 0 2 2 1.24
OWL0809 348,970 6,767,231 411 4 0 -90 0 3 3 1.17
OWL0810 348,962 6,767,224 412 4 0 -90 0 2 2 1.48
OWL0811 348,954 6,767,218 412 4 0 -90 0 2 2 0.73
OWL0812 348,946 6,767,212 412 4 0 -90 0 2 2 0.73
OWL0813 348,938 6,767,206 412 4 0 -90 0 2 2 0.74
OWL0814 348,931 6,767,200 412 4 0 -90 0 2 2 0.74
OWL0815 348,923 6,767,194 412 4 0 -90 0 2 2 0.86
OWL0816 348,914 6,767,188 412 4 0 -90 0 2 2 0.52
OWL0817 348,906 6,767,182 412 4 0 -90 0 2 2 0.83
OWL0818 348,898 6,767,176 412 4 0 -90 0 2 2 0.64
OWL0819 348,891 6,767,170 412 4 0 -90 0 2 2 0.72
OWL0820 348,882 6,767,164 413 4 0 -90 0 1 1 0.62
OWL0821 348,874 6,767,158 413 4 0 -90 0 1 1 0.56
OWL0822 348,867 6,767,152 413 4 0 -90 0 1 1 0.61
OWL0823 348,859 6,767,146 413 4 0 -90 0 2 2 0.71

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

58

Genesis Minerals Limited

29 March 2021

OWL0824 349,083 6,767,278 410 5 0 -90 0 4 4 0.87
OWL0825 349,076 6,767,273 410 5 0 -90 0 4 4 0.87
OWL0826 349,068 6,767,267 411 5 0 -90 0 3 3 1.06
OWL0827 349,060 6,767,261 411 5 0 -90 0 3 3 0.89
OWL0828 349,052 6,767,255 411 5 0 -90 0 4 4 1.24
OWL0829 349,044 6,767,249 411 5 0 -90 0 4 4 1.07
OWL0830 349,036 6,767,243 411 5 0 -90 0 4 4 1.16
OWL0831 349,083 6,767,291 411 5 0 -90 0 3 3 0.87
OWL0832 349,078 6,767,287 410 5 0 -90 0 4 4 0.85
OWL0833 349,070 6,767,281 411 5 0 -90 0 3 3 1.07
OWL0834 349,062 6,767,275 410 5 0 -90 0 5 5 1.15
OWL0835 349,054 6,767,269 411 5 0 -90 0 3 3 1.11
OWL0836 349,046 6,767,263 411 5 0 -90 0 3 3 1.23
OWL0837 349,038 6,767,257 411 5 0 -90 0 3 3 1.29
OWL0838 349,030 6,767,251 411 5 0 -90 0 3 3 1.53
OWL0839 349,080 6,767,301 411 5 0 -90 0 3 3 0.83
OWL0840 349,071 6,767,295 411 5 0 -90 0 3 3 0.79
OWL0841 349,063 6,767,289 410 5 0 -90 0 4 4 1.07
OWL0842 349,056 6,767,283 411 5 0 -90 0 2 2 0.93
OWL0843 349,047 6,767,277 411 5 0 -90 0 3 3 1.22
OWL0844 349,040 6,767,270 410 4 0 -90 0 4 4 1.13
OWL0845 349,032 6,767,265 411 5 0 -90 0 3 3 1.45
OWL0846 349,024 6,767,259 411 5 0 -90 0 4 4 1.24
OWL0847 349,073 6,767,309 410 5 0 -90 0 3 3 0.90
OWL0848 349,067 6,767,304 410 5 0 -90 0 4 4 0.75
OWL0849 349,058 6,767,297 410 5 0 -90 0 3 3 1.07
OWL0850 349,050 6,767,291 410 5 0 -90 0 4 4 0.88
OWL0851 349,043 6,767,286 411 5 0 -90 0 2 2 1.15
OWL0852 349,035 6,767,280 410 5 0 -90 0 4 4 1.09
OWL0853 349,027 6,767,274 411 5 0 -90 0 3 3 1.63
OWL0854 349,019 6,767,268 411 5 0 -90 0 3 3 1.61
OWL0855 349,068 6,767,317 411 5 0 -90 0 2 2 0.89
OWL0856 349,059 6,767,311 411 5 0 -90 0 2 2 0.86
OWL0857 349,052 6,767,305 410 5 0 -90 0 4 4 1.02
OWL0858 349,044 6,767,299 411 5 0 -90 0 3 3 1.28
OWL0859 349,036 6,767,293 411 5 0 -90 0 3 3 1.25
OWL0860 349,028 6,767,287 411 5 0 -90 0 3 3 1.46
OWL0861 349,020 6,767,281 410 5 0 -90 0 4 4 1.36
OWL0862 349,011 6,767,275 411 5 0 -90 0 3 3 1.50
OWL0863 349,004 6,767,269 411 5 0 -90 0 3 3 2.16
OWL0864 348,996 6,767,263 411 5 0 -90 0 2 2 2.02
OWL0865 348,988 6,767,256 411 5 0 -90 0 3 3 1.76
OWL0866 348,980 6,767,251 411 5 0 -90 0 2 2 1.79
OWL0867 348,972 6,767,244 411 5 0 -90 0 2 2 1.72
OWL0868 348,964 6,767,238 411 4 0 -90 0 3 3 1.09
OWL0869 348,956 6,767,232 411 4 0 -90 0 2 2 0.83
OWL0870 348,948 6,767,226 411 4 0 -90 0 2 2 0.87
OWL0871 348,940 6,767,220 412 4 0 -90 0 2 2 0.90
OWL0872 348,932 6,767,214 411 4 0 -90 0 3 3 0.89
OWL0873 348,924 6,767,208 411 4 0 -90 0 3 3 0.94
OWL0874 348,916 6,767,202 411 4 0 -90 0 4 4 1.81
OWL0875 348,908 6,767,196 412 4 0 -90 0 2 2 0.49
OWL0876 348,900 6,767,190 412 4 0 -90 0 2 2 0.95
OWL0877 348,892 6,767,184 412 4 0 -90 0 2 2 1.68
OWL0878 348,884 6,767,178 412 4 0 -90 0 2 2 0.98
OWL0879 348,876 6,767,172 412 4 0 -90 0 2 2 0.70
OWL0880 348,868 6,767,166 413 4 0 -90 0 1 1 0.56
OWL0881 348,861 6,767,160 413 4 0 -90 0 1 1 0.80
OWL0882 348,856 6,767,156 412 4 0 -90 0 2 2 0.62
OWL0883 349,068 6,767,330 410 5 0 -90 0 3 3 0.79
OWL0884 349,061 6,767,325 410 5 0 -90 0 3 3 0.96
OWL0885 349,053 6,767,319 411 5 0 -90 0 2 2 0.88
OWL0886 349,046 6,767,313 410 5 0 -90 0 3 3 0.94
OWL0887 349,038 6,767,307 410 5 0 -90 0 4 4 1.01

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

59

Genesis Minerals Limited

29 March 2021

OWL0888 349,029 6,767,301 410 5 0 -90 0 4 4 1.18
OWL0889 349,022 6,767,295 411 5 0 -90 0 3 3 1.15
OWL0890 349,014 6,767,289 411 5 0 -90 0 3 3 1.40
OWL0891 349,006 6,767,283 410 5 0 -90 0 4 4 1.52
OWL0892 348,998 6,767,277 411 5 0 -90 0 3 3 1.55
OWL0893 348,990 6,767,271 410 5 0 -90 0 4 4 1.39
OWL0894 348,974 6,767,258 411 5 0 -90 0 3 3 1.50
OWL0895 348,966 6,767,252 411 5 0 -90 0 2 2 1.63
OWL0896 348,958 6,767,246 411 5 0 -90 0 2 2 0.75
OWL0897 348,950 6,767,240 411 4 0 -90 0 2 2 0.77
OWL0898 348,982 6,767,264 411 4 0 -90 0 3 3 0.96
OWL0899 348,942 6,767,234 411 4 0 -90 0 2 2 1.05
OWL0900 348,934 6,767,228 412 4 0 -90 0 2 2 0.75
OWL0901 348,926 6,767,222 412 4 0 -90 0 2 2 0.66
OWL0902 348,918 6,767,216 412 4 0 -90 0 2 2 0.63
OWL0903 348,910 6,767,210 412 4 0 -90 0 2 2 0.74
OWL0904 348,902 6,767,204 412 4 0 -90 0 2 2 0.56
OWL0905 348,894 6,767,198 411 4 0 -90 0 4 4 1.18
OWL0906 348,886 6,767,192 412 4 0 -90 0 2 2 0.51
OWL0907 348,878 6,767,186 412 4 0 -90 0 3 3 0.80
OWL0908 348,870 6,767,180 412 4 0 -90 0 2 2 1.57
OWL0909 348,862 6,767,174 412 4 0 -90 0 2 2 0.82
OWL0910 348,856 6,767,168 412 4 0 -90 0 2 2 0.98
OWL0911 349,056 6,767,333 410 5 0 -90 0 3 3 0.88
OWL0912 349,048 6,767,327 410 5 0 -90 0 3 3 1.07
OWL0913 349,040 6,767,321 410 5 0 -90 0 3 3 0.85
OWL0914 349,032 6,767,315 410 5 0 -90 0 3 3 0.82
OWL0915 349,024 6,767,309 411 5 0 -90 0 3 3 1.05
OWL0916 349,015 6,767,303 410 5 0 -90 0 3 3 1.03
OWL0917 349,008 6,767,297 411 5 0 -90 0 3 3 0.98
OWL0918 349,000 6,767,291 411 5 0 -90 0 3 3 0.98
OWL0919 348,992 6,767,285 411 5 0 -90 0 3 3 1.05
OWL0920 348,984 6,767,278 411 5 0 -90 0 2 2 1.51
OWL0921 348,976 6,767,272 411 5 0 -90 0 2 2 1.63
OWL0922 348,968 6,767,266 411 5 0 -90 0 3 3 0.94
OWL0923 348,960 6,767,260 411 5 0 -90 0 3 3 0.96
OWL0924 348,952 6,767,254 411 5 0 -90 0 3 3 0.86
OWL0925 348,944 6,767,248 410 5 0 -90 0 4 4 0.80
OWL0926 348,936 6,767,242 411 5 0 -90 0 3 3 1.03
OWL0927 348,928 6,767,236 412 5 0 -90 0 1 1 0.81
OWL0928 348,920 6,767,230 412 5 0 -90 0 1 1 0.72
OWL0929 348,912 6,767,224 412 5 0 -90 0 1 1 0.83
OWL0930 348,904 6,767,218 412 5 0 -90 0 1 1 1.01
OWL0931 348,896 6,767,212 411 5 0 -90 0 3 3 0.94
OWL0932 348,888 6,767,206 412 5 0 -90 0 3 3 0.86
OWL0933 348,880 6,767,200 412 5 0 -90 0 3 3 1.26
OWL0934 348,872 6,767,194 412 5 0 -90 0 2 2 0.66
OWL0935 348,864 6,767,188 412 5 0 -90 0 2 2 0.84
OWL0936 348,857 6,767,182 412 5 0 -90 0 3 3 1.02
OWL0937 349,050 6,767,341 410 5 0 -90 0 3 3 0.85
OWL0938 349,041 6,767,334 411 5 0 -90 0 2 2 0.68
OWL0939 349,034 6,767,329 410 5 0 -90 0 3 3 0.90
OWL0940 349,025 6,767,323 410 5 0 -90 0 3 3 0.86
OWL0941 349,017 6,767,317 410 5 0 -90 0 3 3 0.79
OWL0942 349,009 6,767,311 410 5 0 -90 0 3 3 0.83
OWL0943 349,002 6,767,305 410 5 0 -90 0 3 3 0.99
OWL0944 348,994 6,767,298 411 5 0 -90 0 2 2 0.79
OWL0945 348,986 6,767,293 411 5 0 -90 0 3 3 1.13
OWL0946 348,978 6,767,286 411 5 0 -90 0 3 3 0.93
OWL0947 348,970 6,767,280 411 5 0 -90 0 3 3 0.61
OWL0948 348,962 6,767,274 411 5 0 -90 0 2 2 0.86
OWL0949 348,954 6,767,268 411 5 0 -90 0 2 2 0.87
OWL0950 348,946 6,767,262 411 5 0 -90 0 3 3 1.35
OWL0951 348,938 6,767,256 411 5 0 -90 0 3 3 0.52

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

60

Genesis Minerals Limited

29 March 2021

OWL0952 348,930 6,767,250 412 5 0 -90 0 1 1 1.12
OWL0953 348,921 6,767,244 411 5 0 -90 0 3 3 0.64
OWL0954 348,914 6,767,239 412 5 0 -90 0 1 1 0.75
OWL0955 348,906 6,767,232 412 5 0 -90 0 1 1 0.82
OWL0956 348,898 6,767,226 412 5 0 -90 0 1 1 0.89
OWL0957 348,890 6,767,220 412 5 0 -90 0 2 2 0.84
OWL0958 348,882 6,767,214 413 5 0 -90 0 1 1 2.21
OWL0959 348,874 6,767,208 413 5 0 -90 0 1 1 0.92
OWL0960 348,866 6,767,202 412 5 0 -90 0 1 1 0.79
OWL0961 348,858 6,767,196 412 5 0 -90 0 3 3 0.39
OWL0962 348,850 6,767,190 412 5 0 -90 0 2 2 0.94
OWL0963 349,057 6,767,360 411 5 0 -90 0 2 2 0.67
OWL0964 349,051 6,767,355 411 5 0 -90 0 2 2 0.73
OWL0965 349,043 6,767,349 411 5 0 -90 0 2 2 0.80
OWL0966 349,035 6,767,343 411 5 0 -90 0 2 2 0.82
OWL0967 349,027 6,767,337 411 5 0 -90 0 2 2 0.82
OWL0968 349,019 6,767,331 410 5 0 -90 0 3 3 0.65
OWL0969 349,012 6,767,325 410 5 0 -90 0 3 3 0.69
OWL0970 349,004 6,767,319 410 5 0 -90 0 3 3 0.79
OWL0971 348,996 6,767,313 410 5 0 -90 0 3 3 1.11
OWL0972 348,987 6,767,307 411 5 0 -90 0 2 2 0.82
OWL0973 348,979 6,767,300 411 5 0 -90 0 2 2 0.78
OWL0974 348,972 6,767,295 411 5 0 -90 0 2 2 0.76
OWL0975 348,964 6,767,288 411 5 0 -90 0 2 2 0.73
OWL0976 348,956 6,767,283 411 5 0 -90 0 2 2 0.71
OWL0977 348,948 6,767,277 411 5 0 -90 0 2 2 0.93
OWL0978 348,939 6,767,270 411 5 0 -90 0 2 2 0.79
OWL0979 348,932 6,767,264 411 5 0 -90 0 3 3 0.67
OWL0980 348,924 6,767,258 412 5 0 -90 0 1 1 1.04
OWL0981 348,916 6,767,252 412 5 0 -90 0 1 1 0.87
OWL0982 348,908 6,767,246 412 5 0 -90 0 1 1 0.61
OWL0983 348,899 6,767,240 412 5 0 -90 0 2 2 0.75
OWL0984 348,892 6,767,234 412 5 0 -90 0 2 2 0.94
OWL0985 348,884 6,767,228 412 5 0 -90 0 1 1 0.62
OWL0986 349,053 6,767,369 411 4 0 -90 0 1 1 0.66
OWL0987 349,045 6,767,363 411 4 0 -90 0 2 2 0.65
OWL0988 349,037 6,767,357 411 4 0 -90 0 2 2 0.71
OWL0989 349,029 6,767,351 411 4 0 -90 0 1 1 0.74
OWL0990 349,021 6,767,345 411 4 0 -90 0 1 1 0.70
OWL0991 349,013 6,767,338 411 4 0 -90 0 2 2 0.59
OWL0992 349,006 6,767,333 410 4 0 -90 0 3 3 0.73
OWL0993 348,998 6,767,327 411 4 0 -90 0 2 2 0.71
OWL0995 348,982 6,767,315 411 4 0 -90 0 2 2 0.67
OWL0996 348,973 6,767,308 411 4 0 -90 0 2 2 0.66
OWL0997 348,966 6,767,302 411 4 0 -90 0 2 2 0.73
OWL0998 348,958 6,767,296 411 4 0 -90 0 2 2 0.49
OWL0999 348,950 6,767,290 411 4 0 -90 0 2 2 0.59
OWL1000 348,942 6,767,284 412 4 0 -90 0 1 1 0.89
OWL1001 348,934 6,767,278 412 4 0 -90 0 1 1 0.68
OWL1002 348,926 6,767,272 412 4 0 -90 0 1 1 0.82
OWL1003 348,918 6,767,266 412 4 0 -90 0 1 1 0.73
OWL1004 348,910 6,767,260 412 4 0 -90 0 1 1 0.79
OWL1005 348,902 6,767,254 412 4 0 -90 0 1 1 0.82
OWL1006 348,894 6,767,248 412 4 0 -90 0 1 1 1.09
OWL1007 348,886 6,767,242 412 4 0 -90 0 1 1 0.83
OWL1008 348,878 6,767,236 412 4 0 -90 0 2 2 0.87
OWL1009 349,047 6,767,377 410 5 0 -90 0 3 3 0.59
OWL1010 349,039 6,767,371 410 5 0 -90 0 3 3 0.53
OWL1011 349,031 6,767,365 411 5 0 -90 0 2 2 0.61
OWL1012 349,023 6,767,359 410 5 0 -90 0 4 4 0.48
OWL1013 349,015 6,767,353 410 5 0 -90 0 3 3 0.67
OWL1014 349,008 6,767,347 410 5 0 -90 0 3 3 0.86
OWL1015 349,000 6,767,341 410 5 0 -90 0 4 4 1.80
OWL1016 348,991 6,767,335 410 5 0 -90 0 3 3 2.42

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

61

Genesis Minerals Limited

29 March 2021

OWL1017 348,983 6,767,329 410 5 0 -90 0 3 3 1.02
OWL1018 348,975 6,767,323 410 5 0 -90 0 3 3 0.80
OWL1019 348,968 6,767,316 411 5 0 -90 0 2 2 0.40
OWL1021 348,952 6,767,304 411 5 0 -90 0 3 3 0.61
OWL1022 348,944 6,767,298 411 4 0 -90 0 2 2 0.49
OWL1023 348,936 6,767,292 411 4 0 -90 0 2 2 0.59
OWL1024 348,928 6,767,286 411 4 0 -90 0 2 2 0.44
OWL1025 348,920 6,767,280 411 5 0 -90 0 2 2 0.67
OWL1026 348,912 6,767,274 411 4 0 -90 0 2 2 0.80
OWL1027 348,904 6,767,268 412 4 0 -90 0 2 2 0.99
OWL1028 348,896 6,767,262 412 4 0 -90 0 2 2 0.69
OWL1029 348,888 6,767,256 412 4 0 -90 0 1 1 0.80
OWL1030 348,880 6,767,250 412 4 0 -90 0 1 1 1.06
OWL1031 348,872 6,767,244 412 4 0 -90 0 2 2 0.75
OWL1032 349,041 6,767,385 411 5 0 -90 0 1 1 0.62
OWL1033 349,033 6,767,379 410 5 0 -90 0 3 3 0.58
OWL1034 349,025 6,767,373 410 5 0 -90 0 3 3 0.52
OWL1035 349,017 6,767,367 409 5 0 -90 0 5 5 0.60
OWL1036 349,009 6,767,361 410 5 0 -90 0 4 4 1.24
OWL1038 348,993 6,767,349 410 5 0 -90 0 3 3 0.80
OWL1039 348,986 6,767,343 410 5 0 -90 0 3 3 1.65
OWL1040 348,978 6,767,337 410 5 0 -90 0 3 3 2.50
OWL1041 348,970 6,767,331 410 5 0 -90 0 3 3 1.54
OWL1042 348,961 6,767,324 410 5 0 -90 0 3 3 1.62
OWL1043 348,954 6,767,319 410 5 0 -90 0 3 3 0.64
OWL1044 348,946 6,767,312 411 5 0 -90 0 1 1 0.78
OWL1045 348,938 6,767,306 412 4 0 -90 0 1 1 0.77
OWL1046 348,930 6,767,300 411 4 0 -90 0 3 3 0.82
OWL1047 348,922 6,767,294 411 4 0 -90 0 2 2 0.53
OWL1048 348,914 6,767,288 411 4 0 -90 0 2 2 0.67
OWL1049 348,906 6,767,282 412 4 0 -90 0 2 2 0.66
OWL1050 348,898 6,767,276 412 4 0 -90 0 2 2 0.66
OWL1051 348,890 6,767,270 412 4 0 -90 0 2 2 0.91
OWL1052 348,882 6,767,264 412 4 0 -90 0 2 2 0.84
OWL1053 348,874 6,767,258 412 4 0 -90 0 1 1 0.77
OWL1054 348,866 6,767,252 412 4 0 -90 0 1 1 1.06
OWL1055 349,035 6,767,393 410 7 0 -90 0 2 2 0.47
OWL1056 349,027 6,767,387 410 7 0 -90 0 3 3 0.52
OWL1057 349,019 6,767,380 410 7 0 -90 0 3 3 0.74
OWL1058 349,011 6,767,374 409 7 0 -90 0 5 5 1.17
OWL1059 349,003 6,767,368 409 7 0 -90 0 4 4 0.83
OWL1060 348,995 6,767,362 410 7 0 -90 0 4 4 0.63
OWL1061 348,987 6,767,356 410 7 0 -90 0 3 3 0.82
OWL1062 348,979 6,767,350 411 5 0 -90 0 2 2 1.20
OWL1063 348,971 6,767,344 411 5 0 -90 0 2 2 1.51
OWL1064 348,964 6,767,339 410 5 0 -90 0 3 3 1.99
OWL1065 348,956 6,767,332 410 5 0 -90 0 3 3 1.47
OWL1066 348,948 6,767,327 410 5 0 -90 0 4 4 1.73
OWL1067 348,939 6,767,320 411 5 0 -90 0 3 3 1.26
OWL1068 348,932 6,767,314 411 5 0 -90 0 2 2 0.85
OWL1069 348,923 6,767,308 411 5 0 -90 0 2 2 0.82
OWL1070 348,915 6,767,302 411 5 0 -90 0 2 2 0.73
OWL1071 348,907 6,767,296 411 5 0 -90 0 2 2 0.73
OWL1072 348,900 6,767,289 412 5 0 -90 0 2 2 0.66
OWL1073 348,892 6,767,284 412 5 0 -90 0 2 2 1.13
OWL1074 348,884 6,767,278 412 5 0 -90 0 2 2 0.81
OWL1075 348,876 6,767,272 412 5 0 -90 0 2 2 0.60
OWL1076 348,868 6,767,265 412 5 0 -90 0 1 1 1.31
OWL1077 348,860 6,767,260 412 5 0 -90 0 1 1 0.52
OWL1078 349,036 6,767,406 409 7 0 -90 0 4 4 0.34
OWL1079 349,029 6,767,401 408 6 0 -90 0 6 6 0.83
OWL1080 349,021 6,767,395 408 7 0 -90 0 6 6 1.05
OWL1081 349,013 6,767,388 409 7 0 -90 0 4 4 1.19
OWL1082 349,005 6,767,383 409 7 0 -90 0 4 4 1.17

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

62

Genesis Minerals Limited

29 March 2021

OWL1083 348,997 6,767,377 408 7 0 -90 0 6 6 1.21
OWL1084 348,989 6,767,371 410 7 0 -90 0 3 3 0.92
OWL1085 348,981 6,767,364 410 7 0 -90 0 4 4 0.85
OWL1086 348,973 6,767,358 410 5 0 -90 0 4 4 1.03
OWL1087 348,966 6,767,352 410 5 0 -90 0 4 4 1.11
OWL1088 348,957 6,767,346 410 5 0 -90 0 3 3 1.27
OWL1089 348,949 6,767,340 410 5 0 -90 0 3 3 1.19
OWL1090 348,942 6,767,335 411 5 0 -90 0 2 2 1.23
OWL1091 348,934 6,767,328 411 5 0 -90 0 3 3 2.35
OWL1092 348,926 6,767,322 410 5 0 -90 0 4 4 1.18
OWL1093 348,917 6,767,316 410 5 0 -90 0 4 4 1.41
OWL1094 348,910 6,767,310 411 5 0 -90 0 3 3 1.82
OWL1095 348,902 6,767,304 411 5 0 -90 0 2 2 1.17
OWL1096 348,894 6,767,298 412 5 0 -90 0 2 2 0.86
OWL1097 348,886 6,767,292 412 5 0 -90 0 2 2 0.77
OWL1098 348,878 6,767,286 412 5 0 -90 0 2 2 1.22
OWL1099 349,031 6,767,414 409 7 0 -90 0 5 5 0.86
OWL1100 349,023 6,767,409 408 7 0 -90 1 6 5 0.78
OWL1101 349,015 6,767,403 410 7 0 -90 0 3 3 1.19
OWL1103 348,999 6,767,390 410 7 0 -90 0 3 3 0.88
OWL1104 348,991 6,767,385 409 7 0 -90 0 5 5 0.91
OWL1105 348,983 6,767,378 409 7 0 -90 0 4 4 0.89
OWL1106 348,975 6,767,372 410 7 0 -90 0 4 4 0.99
OWL1107 348,967 6,767,366 409 5 0 -90 0 5 5 0.88
OWL1108 348,959 6,767,360 410 5 0 -90 0 3 3 1.18
OWL1109 348,951 6,767,354 410 5 0 -90 0 4 4 1.34
OWL1110 348,943 6,767,348 410 5 0 -90 0 3 3 1.20
OWL1111 348,935 6,767,342 411 5 0 -90 0 3 3 1.84
OWL1112 348,927 6,767,336 410 5 0 -90 0 4 4 1.58
OWL1113 348,919 6,767,330 410 5 0 -90 0 4 4 2.41
OWL1114 348,912 6,767,324 410 5 0 -90 0 4 4 1.21
OWL1115 348,903 6,767,318 410 5 0 -90 0 4 4 1.64
OWL1116 348,896 6,767,312 411 5 0 -90 0 3 3 1.40
OWL1117 348,887 6,767,306 412 5 0 -90 0 2 2 0.63
OWL1118 348,880 6,767,300 411 5 0 -90 0 3 3 1.01
OWL1119 349,017 6,767,417 410 6 0 -90 0 3 3 0.53
OWL1120 349,010 6,767,411 409 6 0 -90 0 5 5 1.08
OWL1122 348,993 6,767,398 409 6 0 -90 0 4 4 0.79
OWL1123 348,985 6,767,393 409 6 0 -90 0 4 4 0.92
OWL1124 348,977 6,767,387 410 6 0 -90 0 3 3 0.83
OWL1125 348,969 6,767,381 410 6 0 -90 0 3 3 1.02
OWL1126 348,961 6,767,375 410 5 0 -90 0 3 3 0.71
OWL1127 348,953 6,767,369 410 5 0 -90 0 3 3 0.78
OWL1128 348,945 6,767,363 410 5 0 -90 0 3 3 0.86
OWL1129 348,937 6,767,356 410 5 0 -90 0 3 3 0.80
OWL1130 348,929 6,767,350 410 5 0 -90 0 3 3 1.36
OWL1131 348,922 6,767,344 410 5 0 -90 0 4 4 1.01
OWL1132 348,913 6,767,338 411 5 0 -90 0 3 3 1.28
OWL1133 348,906 6,767,332 411 5 0 -90 0 3 3 2.09
OWL1134 348,897 6,767,326 410 5 0 -90 0 4 4 1.53
OWL1135 348,890 6,767,320 411 5 0 -90 0 3 3 1.59
OWL1136 348,882 6,767,314 411 5 0 -90 0 2 2 0.56
OWL1137 349,019 6,767,431 410 5 0 -90 0 3 3 0.54
OWL1138 349,011 6,767,425 409 5 0 -90 0 4 4 0.74
OWL1140 348,995 6,767,413 409 5 0 -90 0 4 4 0.75
OWL1141 348,987 6,767,406 409 5 0 -90 0 4 4 1.05
OWL1142 348,979 6,767,401 409 5 0 -90 0 4 4 0.88
OWL1143 348,971 6,767,394 411 5 0 -90 0 2 2 0.63
OWL1144 348,963 6,767,388 410 5 0 -90 0 2 2 0.98
OWL1145 348,955 6,767,382 411 5 0 -90 0 2 2 0.89
OWL1146 348,947 6,767,377 411 5 0 -90 0 2 2 1.18
OWL1147 348,939 6,767,370 410 5 0 -90 0 3 3 0.98
OWL1149 348,924 6,767,358 410 5 0 -90 0 3 3 0.95
OWL1150 348,916 6,767,352 410 5 0 -90 0 3 3 1.15

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

63

Genesis Minerals Limited

29 March 2021

OWL1151 348,907 6,767,346 411 5 0 -90 0 2 2 1.14
OWL1152 348,900 6,767,340 410 5 0 -90 0 3 3 0.84
OWL1153 348,892 6,767,334 410 5 0 -90 0 3 3 1.13
OWL1154 348,884 6,767,328 411 5 0 -90 0 3 3 1.01
OWL1155 348,876 6,767,322 411 5 0 -90 0 2 2 1.44
OWL1156 348,868 6,767,316 412 5 0 -90 0 2 2 1.05
OWL1158 349,013 6,767,438 410 4 0 -90 0 3 3 0.53
OWL1159 349,005 6,767,433 410 4 0 -90 0 3 3 0.73
OWL1160 348,997 6,767,427 410 4 0 -90 0 3 3 0.87
OWL1161 348,989 6,767,420 410 4 0 -90 0 2 2 0.60
OWL1162 348,981 6,767,414 409 4 0 -90 0 4 4 0.65
OWL1163 348,973 6,767,408 410 4 0 -90 0 3 3 0.58
OWL1164 348,965 6,767,402 410 4 0 -90 0 3 3 0.66
OWL1165 348,957 6,767,396 410 4 0 -90 0 2 2 0.72
OWL1166 348,949 6,767,390 411 4 0 -90 0 2 2 0.61
OWL1167 348,941 6,767,384 411 4 0 -90 0 2 2 1.07
OWL1168 348,933 6,767,378 410 4 0 -90 0 3 3 1.93
OWL1169 348,926 6,767,372 411 4 0 -90 0 2 2 0.15
OWL1170 348,917 6,767,366 410 4 0 -90 0 3 3 0.71
OWL1171 348,909 6,767,360 410 4 0 -90 0 3 3 1.14
OWL1172 348,902 6,767,354 411 4 0 -90 0 2 2 1.19
OWL1173 348,894 6,767,348 411 4 0 -90 0 2 2 0.91
OWL1174 348,886 6,767,342 411 4 0 -90 0 3 3 0.73
OWL1175 348,878 6,767,336 411 4 0 -90 0 3 3 1.13
OWL1176 348,870 6,767,330 411 4 0 -90 0 2 2 0.20
OWL1180 349,005 6,767,445 410 4 0 -90 0 3 3 0.49
OWL1181 348,999 6,767,441 410 4 0 -90 0 3 3 0.52
OWL1182 348,991 6,767,434 410 4 0 -90 0 2 2 0.68
OWL1183 348,983 6,767,428 410 4 0 -90 0 2 2 0.50
OWL1184 348,975 6,767,422 410 4 0 -90 0 3 3 0.56
OWL1185 348,967 6,767,416 410 4 0 -90 0 2 2 0.75
OWL1186 348,959 6,767,410 410 4 0 -90 0 2 2 0.84
OWL1187 348,951 6,767,404 410 4 0 -90 0 2 2 0.53
OWL1188 348,943 6,767,398 411 4 0 -90 0 1 1 0.58
OWL1189 348,935 6,767,392 411 4 0 -90 0 1 1 0.71
OWL1190 348,927 6,767,386 411 4 0 -90 0 1 1 0.71
OWL1191 348,919 6,767,380 411 4 0 -90 0 1 1 0.56
OWL1192 348,912 6,767,374 411 4 0 -90 0 1 1 0.50
OWL1193 348,903 6,767,368 411 4 0 -90 0 2 2 0.80
OWL1194 348,895 6,767,362 410 4 0 -90 0 3 3 0.76
OWL1195 348,887 6,767,356 410 4 0 -90 0 3 3 1.05
OWL1196 348,879 6,767,350 411 4 0 -90 0 2 2 1.11
OWL1197 348,872 6,767,344 412 4 0 -90 0 1 1 0.81
OWL1198 348,864 6,767,338 412 4 0 -90 0 1 1 0.70
OWL1200 348,993 6,767,449 409 4 0 -90 0 4 4 0.50
OWL1201 348,985 6,767,442 410 4 0 -90 0 3 3 0.50
OWL1202 348,977 6,767,437 410 4 0 -90 0 3 3 0.33
OWL1203 348,969 6,767,430 409 4 0 -90 0 4 4 0.74
OWL1204 348,961 6,767,424 410 4 0 -90 0 2 2 0.56
OWL1205 348,953 6,767,419 410 4 0 -90 0 2 2 0.57
OWL1206 348,945 6,767,412 410 4 0 -90 0 3 3 0.36
OWL1207 348,937 6,767,406 411 4 0 -90 0 1 1 0.24
OWL1208 348,929 6,767,400 411 4 0 -90 0 1 1 0.51
OWL1209 348,921 6,767,394 411 4 0 -90 0 1 1 0.52
OWL1210 348,913 6,767,388 411 4 0 -90 0 2 2 0.58
OWL1211 348,905 6,767,382 411 4 0 -90 0 1 1 0.25
OWL1212 348,897 6,767,376 411 4 0 -90 0 1 1 0.78
OWL1213 348,889 6,767,370 411 4 0 -90 0 1 1 0.79
OWL1214 348,882 6,767,364 410 4 0 -90 0 4 4 0.59
OWL1215 348,873 6,767,358 411 4 0 -90 0 2 2 0.73
OWL1216 348,865 6,767,352 411 4 0 -90 0 2 2 0.90
OWL1217 348,876 6,767,222 413 5 0 -90 0 1 1 0.75
OWL1218 348,868 6,767,216 412 5 0 -90 0 1 1 0.81
OWL1219 348,860 6,767,210 412 5 0 -90 0 1 1 0.77

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

64

Genesis Minerals Limited

29 March 2021

OWL1220 348,852 6,767,204 412 5 0 -90 0 1 1 0.78
OWL1221 348,844 6,767,198 412 5 0 -90 0 2 2 0.81
OWL1222 348,870 6,767,230 412 4 0 -90 0 1 1 0.56
OWL1223 348,862 6,767,224 412 4 0 -90 0 1 1 0.50
OWL1224 348,854 6,767,218 412 4 0 -90 0 1 1 0.82
OWL1225 348,846 6,767,212 412 4 0 -90 0 1 1 0.87
OWL1226 348,838 6,767,206 412 4 0 -90 0 2 2 0.64
OWL1227 348,864 6,767,238 412 4 0 -90 0 1 1 0.70
OWL1228 348,856 6,767,232 412 4 0 -90 0 1 1 0.56
OWL1229 348,848 6,767,226 412 4 0 -90 0 1 1 0.86
OWL1230 348,840 6,767,220 412 4 0 -90 0 1 1 0.97
OWL1231 348,832 6,767,214 412 4 0 -90 0 1 1 1.06
OWL1232 348,858 6,767,246 412 4 0 -90 0 1 1 0.49
OWL1233 348,850 6,767,240 412 4 0 -90 0 1 1 0.44
OWL1234 348,842 6,767,234 412 4 0 -90 0 1 1 0.43
OWL1235 348,834 6,767,228 412 4 0 -90 0 1 1 0.35
OWL1236 348,826 6,767,221 412 4 0 -90 0 1 1 0.86
OWL1237 348,853 6,767,254 412 5 0 -90 0 1 1 0.63
OWL1239 348,939 6,767,421 410 4 0 -90 0 2 2 0.52
OWL1240 348,931 6,767,415 411 4 0 -90 0 2 2 0.48
OWL1241 348,923 6,767,408 411 4 0 -90 0 2 2 0.38
OWL1242 348,915 6,767,402 411 4 0 -90 0 2 2 0.46
OWL1243 348,907 6,767,396 411 4 0 -90 0 2 2 0.56
OWL1244 348,899 6,767,390 411 4 0 -90 0 2 2 0.53
OWL1245 348,892 6,767,384 411 4 0 -90 0 1 1 0.45
OWL1246 348,884 6,767,378 411 4 0 -90 0 1 1 0.96
OWL1247 348,876 6,767,372 411 4 0 -90 0 2 2 0.65
OWL1248 348,867 6,767,366 411 4 0 -90 0 2 2 0.76
OWL1249 348,859 6,767,360 411 4 0 -90 0 3 3 1.99
OWL1250 348,852 6,767,354 411 4 0 -90 0 2 2 0.89
OWL1252 348,879 6,767,386 411 4 0 -90 0 2 2 0.65
OWL1253 348,870 6,767,380 411 4 0 -90 0 2 2 0.75
OWL1254 348,861 6,767,374 411 4 0 -90 0 1 1 1.42
OWL1255 348,853 6,767,368 411 4 0 -90 0 3 3 1.27
OWL1256 348,845 6,767,362 412 4 0 -90 0 1 1 0.77
OWL1260 348,871 6,767,394 411 4 0 -90 0 1 1 0.92
OWL1261 348,863 6,767,388 411 4 0 -90 0 1 1 0.41
OWL1262 348,855 6,767,382 411 4 0 -90 0 2 2 1.17
OWL1263 348,847 6,767,376 411 4 0 -90 0 2 2 0.86
OWL1264 348,839 6,767,370 411 4 0 -90 0 2 2 0.86
OWL1265 348,831 6,767,364 411 4 0 -90 0 2 2 0.33
OWL1266 348,823 6,767,358 411 4 0 -90 0 2 2 0.48
OWL1267 348,815 6,767,351 411 4 0 -90 0 2 2 0.43
OWL1273 349,259 6,766,784 412 5 0 -90 3 4 1 0.51
OWL1274 349,271 6,766,819 414 4 0 -90 0 3 3 0.43
OWL1275 349,235 6,767,030 412 4 0 -90 0 2 2 0.43
OWL1276 349,229 6,767,038 412 5 0 -90 0 3 3 0.43
OWL1278 349,089 6,766,793 414 4 0 -90 0 1 1 0.27
OWL1279 349,250 6,766,879 414 4 0 -90 0 3 3 0.47
OWL1280 349,245 6,766,886 413 6 0 -90 0 3 3 0.42
OWL1281 349,238 6,766,894 413 5 0 -90 0 2 2 0.56
OWL1282 349,232 6,766,902 414 4 0 -90 0 1 1 0.72
OWL1283 349,227 6,767,049 410 5 0 -90 2 5 3 0.44
OWL1284 349,219 6,767,043 411 5 0 -90 1 3 2 0.94
OWL1285 349,211 6,767,037 411 5 0 -90 1 3 2 0.81
OWL1286 349,204 6,767,031 412 5 0 -90 0 3 3 0.76
OWL1287 349,196 6,767,025 412 4 0 -90 0 4 4 0.71
OWL1288 349,175 6,767,010 413 5 0 -90 0 2 2 1.50
OWL1289 349,167 6,767,004 413 5 0 -90 0 2 2 0.65
OWL1290 349,160 6,766,998 413 4 0 -90 0 2 2 0.59
OWL1294 349,095 6,767,263 412 4 0 -90 0 3 3 0.63
OWL1295 349,090 6,767,270 411 4 0 -90 0 3 3 0.65
OWL1296 349,089 6,767,295 411 5 0 -90 0 2 2 0.74
OWL1297 349,080 6,767,301 410 5 0 -90 0 3 3 0.64

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

65

Genesis Minerals Limited

29 March 2021

OWL1298 349,081 6,767,314 411 5 0 -90 0 2 2 0.78
OWL1299 349,075 6,767,322 410 4 0 -90 0 3 3 0.74
OWL1300 349,077 6,767,337 411 4 0 -90 0 1 1 0.60
OWL1301 349,092 6,767,284 411 6 0 -90 0 2 2 0.82
OWL1302 349,079 6,767,187 412 4 0 -90 0 2 2 0.71
OWL1303 349,090 6,767,221 411 4 0 -90 0 4 4 0.51
OWL1304 349,080 6,767,251 412 4 0 -90 0 2 2 0.85
OWL1305 349,062 6,767,339 411 4 0 -90 0 2 2 0.80
OWL1306 349,057 6,767,347 410 4 0 -90 0 2 2 0.84
OWL1307 348,893 6,767,084 414 4 0 -90 0 1 1 0.40
OWL1308 348,887 6,767,092 413 4 0 -90 0 2 2 0.59
OWL1309 348,869 6,767,116 414 3 0 -90 0 1 1 0.55
OWL1310 348,898 6,767,151 412 5 0 -90 0 2 2 0.54
OWL1311 348,906 6,767,157 412 5 0 -90 0 2 2 1.40
OWL1312 348,954 6,767,193 412 5 0 -90 0 2 2 0.85
OWL1313 348,962 6,767,200 412 5 0 -90 0 2 2 0.98
OWL1314 348,970 6,767,206 411 5 0 -90 0 3 3 0.72
OWL1315 348,912 6,767,199 412 7 0 -90 0 2 2 0.74
OWL1316 348,920 6,767,205 412 7 0 -90 0 2 2 0.68
OWR198 349,214 6,766,662 412 71 0 -90 0 8 8 0.60
OWR208 349,159 6,766,734 413 41 0 -90 0 5 5 1.89
OWR209 349,199 6,766,764 415 68 0 -90 0 2 2 1.05
OWR210 349,239 6,766,794 414 59 0 -90 0 4 4 4.30
OWR219 349,139 6,766,844 414 55 0 -90 0 2 2 0.60
OWR220 349,178 6,766,874 414 57 0 -90 0 1 1 0.72
OWR221 349,218 6,766,904 413 60 0 -90 0 2 2 0.40
OWR230 349,158 6,766,984 413 48 0 -90 0 2 2 0.82
OWR231 349,197 6,767,014 413 43 0 -90 0 2 2 0.15
OWR278 348,857 6,767,132 413 57 0 -90 0 1 1 0.72
OWR279 348,897 6,767,162 412 51 0 -90 0 2 2 0.78
OWR280 348,936 6,767,192 411 56 0 -90 0 3 3 0.78
OWR281 348,976 6,767,222 412 59 0 -90 0 2 2 0.76
OWR282 349,016 6,767,253 411 62 0 -90 0 3 3 1.28
OWR283 349,056 6,767,283 411 53 0 -90 0 2 2 0.29
OWR318 348,876 6,767,272 412 38 0 -90 0 2 2 0.37
OWR319 348,916 6,767,302 411 47 0 -90 0 2 2 0.90
OWR320 348,955 6,767,332 410 60 0 -90 0 3 3 1.36
OWR322 349,035 6,767,393 410 47 0 -90 0 2 2 0.40
OWR393 348,795 6,767,461 409 42 0 -90 0 3 3 0.45
OWR394 348,834 6,767,492 409 57 0 -90 0 4 4 0.63
OWR395 348,874 6,767,522 409 54 0 -90 0 2 2 0.64
OWR396 348,914 6,767,552 409 47 0 -90 0 3 3 0.46
OWR527 348,995 6,767,363 410 66 0 -90 0 4 4 0.34
TPRC14 349,112 6,766,760 414 69 232 -60 0 3 3 0.95

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

66

Genesis Minerals Limited

29 March 2021

Admiral-Butterfly-Clark Group

JORC Table 1 Section 1 Sampling Techniques and Data

Criteria JORC Code Explanation Commentary
Sampling
techniques

Nature and quality of sampling (eg cut
channels,
random
chips,
or
specific
specialised industry standard measurement
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc).
These examples should not be taken as
limiting the broad meaning of sampling.

Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any measurement
tools or systems used.

Aspects
of
the
determination
of
mineralisation that are Material to the Public
Report. In cases where ‘industry standard’
work has been done this would be relatively
simple (eg ‘reverse circulation drilling was
used to obtain 1 m samples from which 3 kg
was pulverised to produce a 30 g charge for
fire assay’). In other cases more explanation
may be required, such as where there is
coarse gold that has inherent sampling
problems.
Unusual
commodities
or
mineralisation
types
(eg
submarine
nodules) may warrant disclosure of detailed
information.

Admiral Resource is based on 401 RC and 17
DD holes (87 completed by Genesis in 2020)

Butterfly Resource is based on 363 RC holes,
11 DD holes and 107 GC holes (47 completed
by Genesis in 2020);

Clark Resource is based on 85 RC and 3 DD
holes (76 completed by Genesis in 2020)

King Resource is based on 768 RC and 3 DD
holes

Danluce Resource is based on 121 RC and 2
DD holes

Butterfly North Resource is based on 57 RC
and 1 DD holes (1 completed by Genesis in
2020)

In addition, a large amount of regional RAB
(Rotary Air Blast) and air-core (AC) drilling has
been completed at all prospects;

Multiple campaigns of drilling were completed
at each of the deposits by various explorers
since 1985;

Genesis RC and diamond drilling has included
infill and extensional drilling;

In the deposit areas, holes were generally
angled at -60° to optimally intersect the
mineralised zones;

Genesis RC sampling in mineralised zones
comprised 1m samples collected during drilling
using a rig mounted cone splitter;

Diamond core was cut using a diamond saw
and sampled either at 1m intervals or to
geological boundaries;

RC and diamond drilling by previous holders
has been completed to industry standard at the
time.
Drilling
techniques

Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger,
Bangka, sonic, etc) and details (eg core
diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
what method, etc).

The majority of drill holes are Reverse
Circulation (RC) with face sampling hammer;

Diamond cored holes were completed mostly
with NQ and HQ sized equipment and a
standard tube.
Drill sample
recovery

Method of recording and assessing core
and chip sample recoveries and results
assessed.

Measures taken to maximise sample
recovery and ensure representative nature
of the samples.

Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential
loss/gain
of
fine/coarse
material.

Limited records of sample recovery in historical
drilling were located for RC drill samples;

Drill core recovery was determined from
physical core measurements;

Genesis RC and DD drilling reported excellent
sample recoveries;

There is no indication of a relationship between
sample recovery and grade.
Logging
Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.

Company geologists logged in detail each hole
at the time of drilling;

All diamond drill holes were logged for
recovery, RQD, geology and structure;

RC, AC and RAB drilling was logged for various
geological attributes;

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Criteria JORC Code Explanation Commentary

Whether
logging
is
qualitative
or
quantitative in nature. Core (or costean,
channel, etc) photography.

The total length and percentage of the
relevant intersections logged.

All drill holes were logged in full;

Core and RC chips have been photographed.
Sub-sampling
techniques
and sample
preparation

If core, whether cut or sawn and whether
quarter, half or all core taken.

If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.

For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.

Quality control procedures adopted for all
sub-sampling
stages
to
maximise
representivity of samples.

Measures taken to ensure that the sampling
is representative of the in situ material
collected, including for instance results for
field duplicate/second-half sampling.

Whether sample sizes are appropriate to the
grain size of the material being sampled.

Genesis RC samples were collected from a rig
mounted cyclone and cone splitter in one metre
intervals;

For historic RC and DD drill programs, samples
were assayed at commercial laboratories in
Western Australia;

Genesis samples were assayed at the Intertek
laboratory in Perth. Samples were dried and a
1kg split was pulverized to 80% passing 75
microns;

No QAQC reports have been located for the
historic drilling data;

Genesis drilling included extensive QAQC
protocols including blanks, standards and
duplicates. Results were satisfactory and
supported the use of the data in resource
estimation;

Sample sizes are considered appropriate to
correctly represent the gold mineralisation
based on: the style of mineralisation, the
thickness and consistency of the intersections,
the sampling methodology and assay value
ranges for Au.
Quality of
assay data
and
laboratory
tests

The nature, quality and appropriateness of
the assaying and laboratory procedures
used
and
whether
the
technique
is
considered partial or total.

For
geophysical
tools,
spectrometers,
handheld
XRF
instruments,
etc,
the
parameters
used
in
determining
the
analysis including instrument make and
model, reading times, calibrations factors
applied and their derivation, etc.

Nature
of
quality
control
procedures
adopted (eg standards, blanks, duplicates,
external laboratory checks) and whether
acceptable levels of accuracy (ie lack of
bias) and precision have been established.

Historic samples were submitted to commercial
independent laboratories in Western Australia;

Each
sample
was
dried,
crushed
and
pulverised; Au was analysed by 30g, 40g or 50g
Fire assay fusion technique with AAS finish.
The techniques are considered quantitative in
nature;

QAQC sampling was generally not carried out
for the historic drilling;

For Genesis drilling, analysis was by fire assay
and atomic absorption spectrometry (AAS)
finish at the Intertek laboratory in Perth;

The analytical technique used approaches total
dissolution of gold in most circumstances;

Genesis drilling included extensive QAQC
protocols including blanks, standards and
duplicates. Results were satisfactory and
supported the use of the data in resource
estimation.
Verification
of sampling
and assaying

The verification of significant intersections
by
either
independent
or
alternative
company personnel.

The use of twinned holes.

Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.

Discuss any adjustment to assay data.

Visual verification of significant intersections
has been carried out by the Competent Person.
The mineralisation is visually distinct and scan
logging of 7 diamond holes confirmed the
thickness
and
approximate
tenor
of
mineralisation;

Multiple phases of drilling have confirmed the
overall grade and distribution of mineralisation;

Primary data documentation is electronic with
appropriate verification and validation;

Data is well organized and securely stored in a
relational database.
Location of
data points

Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral Resource
estimation.

Specification of the grid system used.

Quality and adequacy of topographic
control.

Historic drill hole collars were surveyed in local
mine co-ordinates or AMG 84 coordinates using
a total station. All co-ordinates have been
transformed to MGA94 Zone 51 coordinates for
the resource estimate;

The majority of historic holes did not have down
hole surveys;

Hole deviation has been assessed for all
Genesis holes from an in-hole gyroscopic tool;

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Criteria JORC Code Explanation Commentary

Detailed topographic surveys have been
carried out to show the extent of open pit
mining. End of Mine surveys support the recent
topographic surveys.
Data spacing
and
distribution

Data spacing for reporting of Exploration
Results.

Whether the data spacing and distribution is
sufficient to establish the degree of
geological and grade continuity appropriate
for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications
applied.

Whether sample compositing has been
applied.

All resources were defined with 25m by 25m or
closer spaced RC holes for the upper portions
of the resource;

The deeper parts have been defined at variable
spacing of 50 to 80m centres;

The
drilling
has
demonstrated
sufficient
geological and grade continuity to support the
definition of Mineral Resources, and the
classifications applied under the 2012 JORC
Code;

Samples used in the Mineral Resource were
based
largely
on
1m
samples
without
compositing. Compositing of DD holes was
required to provide equal support during
estimation.
Orientation of
data in
relation to
geological
structure

Whether
the
orientation
of
sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.

If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.

The drilling is approximately perpendicular to
the strike and dip of mineralisation and
therefore
the
sampling
is
considered
representative of the mineralised zones;

The majority of deposits are aligned with well
defined structural orientations and drilling is
oriented to generally intersect at a high angle to
the mineralisation;

No orientation based sampling bias has been
identified in the data.
Sample
security

The measures taken to ensure sample
security.

Genesis samples were carefully identified and
bagged on site for collection and transport by
commercial or laboratory transport.
Audits or
reviews

The results of any audits or reviews of
sampling techniques and data.

Reviews by independent consultants have
been carried out at different times throughout
the history of the project with satisfactory
results reported;

Sampling and data procedures were audited by
PayneGeo as part of the estimation program.

All work was carried out by reputable
companies using industry standard methods.

JORC Table 1 Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral
tenement and
land
tenure
status

Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint
ventures, partnerships, overriding royalties,
native
title
interests,
historical
sites,
wilderness
or
national
park
and
environmental settings.
The security of the tenure held at the time of
reporting along with any known impediments
to obtaining a license to operate in the area.

The Ulysses Gold Project is located over a
60km strike length of the Melita Greenstones on
granted mining and exploration licenses with
associated miscellaneous licenses;

The Admiral Group of deposits are located on
Mining lease M40/110, M40/101, M40/288 and
M40/003.

Mining Lease M40/110 expires 25 July 2032

Mining Lease M40/101 expires 3 Dec 2031

Mining Lease M40/003 expires 19 April 2025

Mining Lease M40/288 expires 9 Aug 2025

The tenements are in good standing.

Kookynie Project tenements are listed below.
E40/229 M40/101 P40/1272 E40/263 M40/107
P40/1300 E40/281 M40/110 P40/1301 E40/291
M40/117
P40/1302
E40/292
M40/120
P40/1303 E40/306 M40/136 P40/1427 E40/316
M40/137
P40/1428
E40/346
M40/148
P40/1433 E40/347 M40/151 P40/1434 E40/368
M40/163
P40/1435
E40/375
M40/164
P40/1436 E40/385 M40/174 P40/1437 E40/386

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Criteria JORC Code explanation Commentary
M40/192 P40/1438 G40/4 M40/196 P40/1439
G40/5
M40/2
P40/1440
G40/6
M40/20
P40/1441 G40/7 M40/209 P40/1442 L40/10
M40/26 P40/1444 L40/11 M40/288 P40/1445
L40/12 M40/289 P40/1446 L40/15 M40/290
P40/1447 L40/17 M40/291 P40/1454 L40/18
M40/292 M40/344 L40/19 M40/293 M40/345
L40/20 M40/3 M40/348 L40/21 M40/339
M40/56
L40/22
M40/340
M40/8
L40/27
M40/342 M40/94 L40/7 M40/343
Exploration
done by other
parties

Acknowledgment
and
appraisal
of
exploration by other parties.

The majority of drilling was carried out by
previous operators including A&C, Kookynie
Resources, Consolidated Gold Mines, Melita
Mining, Diamond Ventures, Dominion Mining
and Forrest Gold;

Exploration has been ongoing since the 1980’s
across the Ulysses Project. Several phases of
mining and processing operations have been
conducted.
Geology
Deposit type, geological setting and style of
mineralisation.

The Ulysses Gold Project is located in the
central part of the Norseman-Wiluna belt of the
Eastern Goldfields terrane. Host rocks in the
region are primarily metasedimentary and
metavolcanic
lithologies
of
the
Melita
greenstones;

Gold
mineralisation
is
developed
within
structures
encompassing
a
range
of
orientations and deformation styles;

The Admiral, Butterfly, Clark, Danluce and King
mineralisation is mainly hosted within multiple
shallowly (30°) east dipping zones which strikes
broadly north/south over a distance of 400m,
with higher grades restricted to the magnetic
dolerite sill (Main Zone). Mineralisation is also
well developed in a steep north dipping shear
zone which is part of the more extensive
East/West
striking
Hercules
shear,
with
mineralisation identified over 2km of strike;

Mineralisation within the dolerite is related to
quartz
albite-biotite
alteration
haloes
surrounding narrow vein sets broadly parallel to
the shallow ENE dipping Admiral, Butterfly and
Clark shear zones. Mineralisation is typically 3
to 10m wide with gold grades ranging between
2.0 and 5.0g/t Au;

Mineralisation within the Basalt or Hercules
Shear is hosted within highly foliated basalt with
intense quartz/carbonate/sericite alteration and
associated sulphides. Mineralisation is typically
5 to 12m wide with gold grades ranging
between 1.0 and 5.0g/t Au.

Mineralisation at Butterfly North is related to a
quartz/pyrite stockwork within a granite host
where the Butterfly shear intersects the granite.
Drill
hole
information
A summary of all information material to the
under-standing of the exploration results
including a tabulation of the following
information for all Material drill holes:
easting and northing of the drill hole
collar
elevation or RL (Reduced Level –
elevation above sea level in metres) of
the drill hole collar
dip and azimuth of the hole
down hole length and interception depth
hole length
If the exclusion of this information is justified
on the basis that the information is not
Material and this exclusion does not detract
from the understanding of the report, the

A very large number of drill holes were used to
prepare the Mineral Resources;

The quantity of drill holes used to estimate each
deposit is included in the body of this release;

The extent of drilling is shown broadly with
diagrams included in this announcement;

A summary of all historic holes used in the
Admiral, Butterfly and Clark Mineral Resource
was included in a previous announcement dated
24 June 2020;

Results from Genesis drilling have been
included in multiple releases to ASX between 15
September 2020 and 17 February 2021.

Results from historic drilling for the King,
Danluce and Butterfly North Mineral Resource
have been included in appendices 1 to 3 of this
announcement.

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Criteria JORC Code explanation Commentary
Competent Person should clearly explain
why this is the case.
Data
aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (e.g. cutting of
high grades) and cut-off grades are usually
Material and should be stated.
Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation should
be stated and some typical examples of such
aggregations should be shown in detail.

The assumptions used for any reporting of
metal equivalent values should be clearly
stated.

All reported assay intervals have been length
weighted. No top cuts were applied. A nominal
cut-off of 0.3 g/t Au was applied with up to 3m of
internal dilution allowed;

The Intervals reported are used in the Mineral
Resource Estimate;

High grade mineralised intervals internal to
broader zones of lower grade mineralisation are
reported as included intervals;

No metal equivalent values have been used or
reported.
Relationship
between
mineralisation
widths
and
intercept
lengths
These
relationships
are
particularly
important in the reporting of Exploration
Results.

If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.
If it is not known and only the down hole
lengths are reported, there should be a clear
statement to this effect (e.g.’down hole
length, true width not known’).

The
drill
holes
are
interpreted
to
be
approximately perpendicular to the strike and
dip of mineralisation;

Due to the multiple orientation of structures,
drilling is not always perpendicular to the dip of
mineralisation and in those cases true widths
are less than downhole widths.
Diagrams Appropriate maps and sections (with scales)
and tabulations of intercepts should be
included for any significant discovery being
reported. These should include, but not be
limited to a plan view of drill hole collar
locations and appropriate sectional views.

Plans of the hole locations for resources are
provided in the report.
Balanced
Reporting
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.

Representative reporting of both low and high
grades and widths is practiced.
Other
substantive
exploration
data
Other exploration data, if meaningful and
material, should be reported including (but
not limited to): geological observations;
geophysical survey results; geochemical
survey results; bulk samples - size and
method of treatment; metallurgical test
results;
bulk
density,
groundwater,
geotechnical
and
rock
characteristics;
potential
deleterious
or
contaminating
substances.

Extensive early stage exploration has been
conducted by previous operators including RAB
drilling and geochemical sampling. The results
have not been used in the Mineral Resource
estimate;

Various programs of metallurgical, geotechnical
and groundwater testing have been completed
as part of the permitting process for the different
phases of mining at the project.
Further work
The nature and scale of planned further
work (e.g. tests for lateral extensions or
depth extensions or large- scale step-out
drilling).

Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
commercially sensitive.

Substantial exploration and resource extension
programs are planned by Genesis to increase
confidence in the defined Mineral Resources
and to discover additional deposits of gold
mineralisation.

JORC Table 1 Section 3 Estimation and Reporting of Mineral Resources

Criteria JORC Code explanation Commentary
Database
integrity

Measures taken to ensure that data has
not been corrupted by, for example,

For recent exploration work, the geological and
assay data was captured electronically to prevent

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Criteria JORC Code explanation Commentary
transcription or keying errors, between its
initial collection and its use for Mineral
Resource estimation purposes.

Data validation procedures used.
transcription errors;

For historic work, data collection methods were
not documented;

Validation included comparison of gold results to
logged geology to verify mineralised intervals;

Validation
by
previous
operators
included
comparison of database records to open file
records for historic drilling;

Data reviews have been carried out by
independent consultants at different times.
Site visits
Comment on any site visits undertaken by
the Competent Person and the outcome
of those visits.

If no site visits have been undertaken
indicate why this is the case.

A site visit was undertaken by the Competent
Person in February 2021 to verify the extent of
mining operations, locate drill collars from
previous drilling, review drilling operations and to
confirm that no obvious impediments to future
project exploration or development were present.
Geological
interpretation

Confidence
in
(or
conversely,
the
uncertainty
of)
the
geological
interpretation of the mineral deposit.

Nature of the data used and of any
assumptions made.

The
effect,
if
any,
of
alternative
interpretations on Mineral Resource
estimation.

The use of geology in guiding and
controlling Mineral Resource estimation.

The factors affecting continuity both of
grade and geology.

The confidence in the geological interpretation for
the deposits is considered to be high due to the
close spaced drilling and generally consistent
mineralisation;

The interpretation was based largely on good
quality RC drilling, with a small number of
diamond holes. Infill grade control drilling has
been carried out at Butterfly;

The deposits consist of variably oriented
mineralised lodes which have been interpreted
based largely on assay data from samples taken
at regular intervals from angled or vertical drill
holes;

Geological logging has been used to define
lithology and weathering domains;

Due to the close spaced drilling, an alternative
interpretation is unlikely other than in the
extensions to the deposits.
Dimensions
The extent and variability of the Mineral
Resource expressed as length (along
strike or otherwise), plan width, and depth
below surface to the upper and lower
limits of the Mineral Resource.

The Admiral mineral resource area extends over
a 400m strike length, 750m down dip to a depth
of 200m below surface;

The Butterfly mineral resource area extends over
a 370m strike length, 300m down dip to a depth
of 150m below surface;

The Clark mineral resource area extends over a
250m strike length, 280m down dip to a depth of
130m below surface.

The King mineral resource area extends over a
500m strike length, 230m down dip to a depth of
80m below surface

The Danluce mineral resource area extends over
a 300m strike length, 120m down dip to a depth
of 100m below surface

The Butterfly North mineral resource area
extends over a 750m strike length, 180m down
dip to a depth of 140m below surface
Estimation
and modelling
techniques

The nature and appropriateness of the
estimation technique(s) applied and key
assumptions,
including
treatment
of
extreme
grade
values,
domaining,
interpolation parameters and maximum
distance of extrapolation from data
points. If a computer assisted estimation
method was chosen include a description
of computer software and parameters
used.

The availability of check estimates,
previous
estimates
and/or
mine
production records and whether the
Mineral
Resource
estimate
takes
appropriate account of such data.

For Admiral, Butterfly, Clark, King, and Danluce
parameters derived from modelled variograms,
Ordinary Kriging (OK) was used to estimate
average block grades within the deposit.

For Butterfly North Inverse Distance (ID) was
used to estimate average block grades using
parameters determined from lode geometry and
drill hole spacings.

Surpac software was used for the estimation.

Separate block models were created for each
deposit;

Samples were composited to 1m intervals.
Various high grade cuts were applied at each
deposit and varied from 5g/t to 28g/t;

The parent block dimensions used for each

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Criteria JORC Code explanation Commentary

The
assumptions
made
regarding
recovery of by-products.

Estimation of deleterious elements or
other non-grade variables of economic
significance (eg sulphur for acid mine
drainage characterisation).

In the case of block model interpolation,
the block size in relation to the average
sample
spacing
and
the
search
employed.

Any assumptions behind modelling of
selective mining units.

Any
assumptions
about
correlation
between variables.

Description
of
how
the
geological
interpretation was used to control the
resource estimates.

Discussion of basis for using or not using
grade cutting or capping.

The process of validation, the checking
process used, the comparison of model
data to drill hole data, and use of
reconciliation data if available.
deposit were 10m along strike by 10m across
strike by 5m vertical with sub-cells of 2.5m by
2.5m by 1.25m;

Cell size was based on 50% of the closest
spaced drilling at each deposit;

Previous
resource
estimates
have
been
completed. The mineralisation domains used in
this estimate were largely based on those
previous interpretations;

No assumptions have been made regarding
recovery of by-products;

No estimation of deleterious elements was
carried out. Only Au was interpolated into the
block models;

An orientated ellipsoid search was used to select
data and was based on kriging parameters, drill
hole spacing and geometry of mineralisation;

Up to three interpolation passes were used for
each model;

A first pass search of between 25m and 40m was
used with a minimum of 8 samples and a
maximum of 24 samples. The majority of blocks
were estimated in the first pass;

The remaining blocks were filled by increasing
the search range up to 160m and reducing the
minimum samples to 2;

Selective mining units were not modelled in the
Mineral Resource model. The block size used in
the model was based on drill sample spacing and
lode orientation;

The deposit mineralisation was constrained by
wireframes constructed using a 0.3g/t Au-off
grade. The wireframes were applied as hard
boundaries in the estimates;

For validation, trend analysis was completed by
comparing the interpolated blocks to the sample
composite data within strike intervals of 20m and
by 10m vertical intervals and on a global basis.
Moisture
Whether the tonnages are estimated on a
dry basis or with natural moisture, and the
method of determination of the moisture
content.

Tonnages and grades were estimated on a dry in
situ basis. No moisture values were reviewed.
Cut-off
parameters

The basis of the adopted cut-off grade(s)
or quality parameters applied.

The Mineral Resource above 280mRL has been
reported at a 0.5g/t Au cut-off based on likely cut-
off grades determined for open pit mining.

Below 280mRL, the Mineral Resource has been
reported at a cut-off grade of 2.0g/t Au to reflect
potential underground mining.
Mining factors
or
assumptions

Assumptions made regarding possible
mining
methods,
minimum
mining
dimensions and internal (or, if applicable,
external) mining dilution. It is always
necessary as part of the process of
determining reasonable prospects for
eventual economic extraction to consider
potential
mining
methods,
but
the
assumptions made regarding mining
methods
and
parameters
when
estimating Mineral Resources may not
always be rigorous. Where this is the
case, this should be reported with an
explanation of the basis of the mining
assumptions made.

Based on the previous production history and the
shallow nature of the mineralisation, it is assumed
that open pit mining is possible at the project if
demonstrated to be economically viable to
construct a processing facility or as satellite feed
for an existing operation;

No mining parameters or modifying factors have
been applied to the Mineral Resource.

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Criteria JORC Code explanation Commentary
Metallurgical
factors
or
assumptions

The basis for assumptions or predictions
regarding metallurgical amenability. It is
always necessary as part of the process
of determining reasonable prospects for
eventual economic extraction to consider
potential metallurgical methods, but the
assumptions
regarding
metallurgical
treatment processes and parameters
made when reporting Mineral Resources
may not always be rigorous. Where this is
the case, this should be reported with an
explanation
of
the
basis
of
the
metallurgical assumptions made.

Extensive metallurgical test work has been
undertaken by Genesis and previous operators at
the project and has been reviewed;

Results of recent test work and processing
results
from
the
previous
mining
have
demonstrated that good gold recovery can be
expected from conventional processing methods;

There is nothing to suggest that high gold
recoveries will not be achieved from the
remaining Mineral Resources.
Environmental
factors
or
assumptions

Assumptions made regarding possible
waste and process residue disposal
options. It is always necessary as part of
the process of determining reasonable
prospects
for
eventual
economic
extraction to consider the potential
environmental impacts of the mining and
processing operation. While at this stage
the
determination
of
potential
environmental impacts, particularly for a
greenfields project, may not always be
well advanced, the status of early
consideration
of
these
potential
environmental
impacts
should
be
reported. Where these aspects have not
been considered this should be reported
with an explanation of the environmental
assumptions made.

The area is not known to be environmentally
sensitive and there is no reason to think that
proposals
for
development
including
the
stockpiling of waste would not be approved;

The Kookynie area is already highly disturbed
with previous permitting granted for open pit
mining and processing;

The area surrounding the Kookynie deposits is
generally flat and uninhabited with no obvious
impediments to the construction of stockpiles and
other mine infrastructure.
Bulk density
Whether assumed or determined. If
assumed, the basis for the assumptions.
If determined, the method used, whether
wet or dry, the frequency of the
measurements, the nature, size and
representativeness of the samples.

The bulk density for bulk material must
have been measured by methods that
adequately account for void spaces
(vugs, porosity, etc), moisture and
differences between rock and alteration
zones within the deposit.

Discuss assumptions for bulk density
estimates used in the evaluation process
of the different materials.

Bulk density values were based on information
obtained from historic mining operations where
available, or were assumed based on knowledge
of similar rock types at other deposits;

Bulk density determinations were made on
samples from drill core using the weight in
air/weight in water method;

Bulk density values used in the resource were
1.8t/m3,
2.4t/m3
and
2.90t/m3
for
oxide,
transitional and fresh mineralisation respectively;

A value of 2.7t/m3was applied to all fresh felsic
material within the lithology domains.
Classification
The basis for the classification of the
Mineral
Resources
into
varying
confidence categories.

Whether appropriate account has been
taken of all relevant factors (ie relative
confidence in tonnage/grade estimations,
reliability of input data, confidence in
continuity of geology and metal values,
quality, quantity and distribution of the
data).

Whether the result appropriately reflects
the Competent Person’s view of the
deposit.

Mineral Resources were classified in accordance
with the Australasian Code for the Reporting of
Exploration Results, Mineral Resources and Ore
Reserves (JORC, 2012). The Mineral Resources
were classified as Indicated and Inferred Mineral
Resource on the basis of data quality, sample
spacing, and lode continuity;

The Indicated portion of the mineral resource was
confined to the central portions of each of the
main zones of mineralisation and are supported
by close spaced drilling of at 10-25m centres,
good continuity of grade and conditional bias
slope of greater than 50%. The resource has
been classified as Inferred at the edges of most
zones where drill spacing is greater than 25m and
there are some uncertainties on the orientation
and continuity of mineralisation. Small portions of
the mineralisation close to the base of the historic
pits have not been classified due to the proximity
ofthe existing openpit thatwill not allowan

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Criteria JORC Code explanation Commentary
effective mining area for possible extraction;

The deposits have been reviewed by the
Competent Person and results reflect the view of
the Competent Person
Audits
or
reviews

The results of any audits or reviews of
Mineral Resource estimates.

A documented internal audit of the Mineral
Resource estimate was completed by the
consulting company responsible for the estimate.
Discussion of
relative
accuracy/
confidence

Where appropriate a statement of the
relative accuracy and confidence level in
the Mineral Resource estimate using an
approach
or
procedure
deemed
appropriate by the Competent Person.
For example, the application of statistical
or geostatistical procedures to quantify
the relative accuracy of the resource
within stated confidence limits, or, if such
an approach is not deemed appropriate,
a qualitative discussion of the factors that
could affect the relative accuracy and
confidence of the estimate.

The statement should specify whether it
relates to global or local estimates, and, if
local, state the relevant tonnages, which
should be relevant to technical and
economic
evaluation.
Documentation
should include assumptions made and
the procedures used.

These statements of relative accuracy
and confidence of the estimate should be
compared with production data, where
available.

The estimates for each deposit utilise good
estimation practices, high quality drilling data and
include observations and data from mining
operations. These deposits are considered to
have been estimated with a high level of
accuracy;

The data quality throughout the project is
reported to be good and the drill holes have
detailed logs produced by qualified geologists;

The Mineral Resource statement relates to global
estimates of tonnes and grade;

Previous open pit mining has been carried out at
Admiral and Butterfly deposits. Minor historic
underground workings are also present at each
of the deposits;

No reconciliation data has been located and only
global production records have been reviewed.

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Orient Well Group

JORC Table 1 Section 1 Sampling Techniques and Data

Criteria JORC Code Explanation Commentary
Sampling
techniques

Nature and quality of sampling (eg cut
channels,
random
chips,
or
specific
specialised industry standard measurement
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc).
These examples should not be taken as
limiting the broad meaning of sampling.

Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any measurement
tools or systems used.

Aspects
of
the
determination
of
mineralisation that are Material to the Public
Report. In cases where ‘industry standard’
work has been done this would be relatively
simple (eg ‘reverse circulation drilling was
used to obtain 1 m samples from which 3 kg
was pulverised to produce a 30 g charge for
fire assay’). In other cases more explanation
may be required, such as where there is
coarse gold that has inherent sampling
problems.
Unusual
commodities
or
mineralisation
types
(eg
submarine
nodules) may warrant disclosure of detailed
information.

Orient Well and Orient Well East Resource is
based on 474 RC and 15 DD holes (216
completed by Genesis in 2020)

Orient Well North West Resource is based on
19 RC holes, 1 DD holes all completed by
Genesis in 2017-2019);

In addition, a large amount of regional RAB
(Rotary Air Blast) and air-core (AC) drilling has
been completed at all prospects;

Multiple campaigns of drilling were completed
at each of the deposits by various explorers
since 1985;

Genesis RC and diamond drilling has included
infill and extensional drilling;

In the deposit areas, holes were generally
angled at -60° to optimally intersect the
mineralised zones;

Genesis RC sampling in mineralised zones
comprised 1m samples collected during drilling
using a rig mounted cone splitter;

Diamond core was cut using a diamond saw
and sampled either at 1m intervals or to
geological boundaries;

RC and diamond drilling by previous holders
has been completed to industry standard at the
time.
Drilling
techniques

Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger,
Bangka, sonic, etc) and details (eg core
diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
what method, etc).

The majority of drill holes are Reverse
Circulation (RC) with face sampling hammer;

Diamond cored holes were completed mostly
with NQ and HQ sized equipment and a
standard tube.
Drill sample
recovery

Method of recording and assessing core
and chip sample recoveries and results
assessed.

Measures taken to maximise sample
recovery and ensure representative nature
of the samples.

Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential
loss/gain
of
fine/coarse
material.

Limited records of sample recovery in historical
drilling were located for RC drill samples;

Drill core recovery was determined from
physical core measurements;

Genesis RC and DD drilling reported excellent
sample recoveries;

There is no indication of a relationship between
sample recovery and grade.
Logging
Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.

Whether
logging
is
qualitative
or
quantitative in nature. Core (or costean,
channel, etc) photography.

The total length andpercentage of the

Company geologists logged in detail each hole
at the time of drilling;

All diamond drill holes were logged for
recovery, RQD, geology and structure;

RC, AC and RAB drilling was logged for various
geological attributes;

All drill holes were logged in full;

Core and RC chips have been photographed.

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Criteria JORC Code Explanation Commentary
relevant intersections logged.
Sub-sampling
techniques
and sample
preparation

If core, whether cut or sawn and whether
quarter, half or all core taken.

If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.

For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.

Quality control procedures adopted for all
sub-sampling
stages
to
maximise
representivity of samples.

Measures taken to ensure that the sampling
is representative of the in situ material
collected, including for instance results for
field duplicate/second-half sampling.

Whether sample sizes are appropriate to the
grain size of the material being sampled.

Genesis RC samples were collected from a rig
mounted cyclone and cone splitter in one metre
intervals;

For historic RC and DD drill programs, samples
were assayed at commercial laboratories in
Western Australia;

Genesis samples were assayed at the Intertek
laboratory in Perth. Samples were dried and a
1kg split was pulverized to 80% passing 75
microns;

No QAQC reports have been located for the
historic drilling data;

Genesis drilling included extensive QAQC
protocols including blanks, standards and
duplicates. Results were satisfactory and
supported the use of the data in resource
estimation;

Sample sizes are considered appropriate to
correctly represent the gold mineralisation
based on: the style of mineralisation, the
thickness and consistency of the intersections,
the sampling methodology and assay value
ranges for Au.
Quality of
assay data
and
laboratory
tests

The nature, quality and appropriateness of
the assaying and laboratory procedures
used
and
whether
the
technique
is
considered partial or total.

For
geophysical
tools,
spectrometers,
handheld
XRF
instruments,
etc,
the
parameters
used
in
determining
the
analysis including instrument make and
model, reading times, calibrations factors
applied and their derivation, etc.

Nature
of
quality
control
procedures
adopted (eg standards, blanks, duplicates,
external laboratory checks) and whether
acceptable levels of accuracy (ie lack of
bias) and precision have been established.

Historic samples were submitted to commercial
independent laboratories in Western Australia;

Each
sample
was
dried,
crushed
and
pulverised; Au was analysed by 30g, 40g or 50g
Fire assay fusion technique with AAS finish.
The techniques are considered quantitative in
nature;

QAQC sampling was generally not carried out
for the historic drilling;

For Genesis drilling, analysis was by fire assay
and atomic absorption spectrometry (AAS)
finish at the Intertek laboratory in Perth;

The analytical technique used approaches total
dissolution of gold in most circumstances;

Genesis drilling included extensive QAQC
protocols including blanks, standards and
duplicates. Results were satisfactory and
supported the use of the data in resource
estimation.
Verification
of sampling
and assaying

The verification of significant intersections
by
either
independent
or
alternative
company personnel.

The use of twinned holes.

Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.

Discuss any adjustment to assay data.

Visual verification of significant intersections
has been carried out by the Competent Person.
The mineralisation is visually distinct and scan
logging of 7 diamond holes confirmed the
thickness
and
approximate
tenor
of
mineralisation;

Multiple phases of drilling have confirmed the
overall grade and distribution of mineralisation;

Primary data documentation is electronic with
appropriate verification and validation;

Data is well organized and securely stored in a
relational database.
Location of
data points

Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral Resource
estimation.

Specification of the grid system used.

Quality and adequacy of topographic
control.

Historic drill hole collars were surveyed in local
mine co-ordinates or AMG 84 coordinates using
a total station. All co-ordinates have been
transformed to MGA94 Zone 51 coordinates for
the resource estimate;

The majority of historic holes did not have down
hole surveys;

Hole deviation has been assessed for all
Genesis holes from an in-hole gyroscopic tool;

Detailed topographic surveys have been
carried out to show the extent of open pit
mining. End of Mine surveys support the recent
topographic surveys.

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Criteria JORC Code Explanation Commentary
Data spacing
and
distribution

Data spacing for reporting of Exploration
Results.

Whether the data spacing and distribution is
sufficient to establish the degree of
geological and grade continuity appropriate
for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications
applied.

Whether sample compositing has been
applied.

All resources were defined with 25m by 25m or
closer spaced RC holes for the upper portions
of the resource;

The deeper parts have been defined at variable
spacing of 50 to 80m centres;

The
drilling
has
demonstrated
sufficient
geological and grade continuity to support the
definition of Mineral Resources, and the
classifications applied under the 2012 JORC
Code;

Samples used in the Mineral Resource were
based
largely
on
1m
samples
without
compositing. Compositing of DD holes was
required to provide equal support during
estimation.
Orientation of
data in
relation to
geological
structure

Whether
the
orientation
of
sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.

If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.

The drilling is approximately perpendicular to
the strike and dip of mineralisation and
therefore
the
sampling
is
considered
representative of the mineralised zones;

The majority of deposits are aligned with well
defined structural orientations and drilling is
oriented to generally intersect at a high angle to
the mineralisation;

No orientation based sampling bias has been
identified in the data.
Sample
security

The measures taken to ensure sample
security.

Genesis samples were carefully identified and
bagged on site for collection and transport by
commercial or laboratory transport.
Audits or
reviews

The results of any audits or reviews of
sampling techniques and data.

Reviews by independent consultants have
been carried out at different times throughout
the history of the project with satisfactory
results reported;

Sampling and data procedures were audited by
PayneGeo as part of the estimation program.

All work was carried out by reputable
companies using industry standard methods.

JORC Table 1 Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral
tenement and
land
tenure
status

Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint
ventures, partnerships, overriding royalties,
native
title
interests,
historical
sites,
wilderness
or
national
park
and
environmental settings.
The security of the tenure held at the time of
reporting along with any known impediments
to obtaining a license to operate in the area.

The Ulysses Gold Project is located over a
60km strike length of the Melita Greenstones on
granted mining and exploration licenses with
associated miscellaneous licenses;

The Orient Well Group of deposits are located
on Mining lease M40/107, M40/020, M40/289
M40/290, M40/291, M40/292 and M40/293.

Mining Lease M40/107 expires 25 July 2032

Mining Lease M40/020 expires 3 Dec 2031

Mining Lease M40/289 expires 9 Aug 2025

Mining Lease M40/290 expires 9 Aug 2025

Mining Lease M40/291 expires 9 Aug 2025

Mining Lease M40/292 expires 9 Aug 2025

Mining Lease M40/293 expires 9 Aug 2025

The tenements are in good standing.

Kookynie Project tenements are listed below.
E40/229 M40/101 P40/1272 E40/263 M40/107
P40/1300 E40/281 M40/110 P40/1301 E40/291
M40/117
P40/1302
E40/292
M40/120
P40/1303 E40/306 M40/136 P40/1427 E40/316
M40/137
P40/1428
E40/346
M40/148
P40/1433 E40/347 M40/151 P40/1434 E40/368
M40/163
P40/1435
E40/375
M40/164
P40/1436 E40/385 M40/174 P40/1437 E40/386
M40/192 P40/1438 G40/4 M40/196 P40/1439

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Criteria JORC Code explanation Commentary
G40/5
M40/2
P40/1440
G40/6
M40/20
P40/1441 G40/7 M40/209 P40/1442 L40/10
M40/26 P40/1444 L40/11 M40/288 P40/1445
L40/12 M40/289 P40/1446 L40/15 M40/290
P40/1447 L40/17 M40/291 P40/1454 L40/18
M40/292 M40/344 L40/19 M40/293 M40/345
L40/20 M40/3 M40/348 L40/21 M40/339
M40/56
L40/22
M40/340
M40/8
L40/27
M40/342 M40/94 L40/7 M40/343
Exploration
done by other
parties

Acknowledgment
and
appraisal
of
exploration by other parties.

The majority of drilling was carried out by
previous operators including A&C, Kookynie
Resources, Consolidated Gold Mines, Melita
Mining, Diamond Ventures, Dominion Mining
and Forrest Gold;

Exploration has been ongoing since the 1980’s
across the Ulysses Project. Several phases of
mining and processing operations have been
conducted.
Geology
Deposit type, geological setting and style of
mineralisation.

The Ulysses Gold Project is located in the
central part of the Norseman-Wiluna belt of the
Eastern Goldfields terrane. Host rocks in the
region are primarily metasedimentary and
metavolcanic
lithologies
of
the
Melita
greenstones;

Gold
mineralisation
is
developed
within
structures
encompassing
a
range
of
orientations and deformation styles;

The Orient Well mineralisation is mainly hosted
within a single wide (50m) east dipping felsic
rhyolite which strikes broadly NW over a
distance of 1500m.

Gold mineralisation is associated with a
stockwork of quartz veining with qtz-albite+/-
sericite+pyr alteration halos.

Mineralisation
at
Orient
Well
East
is
predominantly hosted within sub-horizontal
super-gene enriched layers within a mafic host
rock.
Drill
hole
information
A summary of all information material to the
under-standing of the exploration results
including a tabulation of the following
information for all Material drill holes:
easting and northing of the drill hole
collar
elevation or RL (Reduced Level –
elevation above sea level in metres) of
the drill hole collar
dip and azimuth of the hole
down hole length and interception depth
hole length
If the exclusion of this information is justified
on the basis that the information is not
Material and this exclusion does not detract
from the understanding of the report, the
Competent Person should clearly explain
why this is the case.

A very large number of drill holes were used to
prepare the Mineral Resources;

The quantity of drill holes used to estimate each
deposit is included in the body of this release;

The extent of drilling is shown broadly with
diagrams included in this announcement;

A summary of all historic holes used in the
Orient Well Mineral Resource was included in a
previous announcement dated 24 June 2020;

Results from Genesis drilling have been
included in multiple releases to ASX between 15
September 2020 and 17 February 2021.

Results from historic drilling for the Orient Well
East resource have been included in appendix 4
of this announcement
Data
aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (e.g. cutting of
high grades) and cut-off grades are usually
Material and should be stated.
Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation should
be stated and some typical examples of such
aggregations should be shown in detail.

The assumptions used for any reporting of

All reported assay intervals have been length
weighted. No top cuts were applied. A nominal
cut-off of 0.3 g/t Au was applied with up to 3m of
internal dilution allowed;

The Intervals reported are used in the Mineral
Resource Estimate;

High grade mineralised intervals internal to
broader zones of lower grade mineralisation are
reported as included intervals;

No metal equivalent values have been used or
reported.

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Criteria JORC Code explanation JORC Code explanation Commentary
metal equivalent values should be clearly
stated.
Relationship
between
mineralisation
widths
and
intercept
lengths
These
relationships
are
particularly
important in the reporting of Exploration
Results.

If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.
If it is not known and only the down hole
lengths are reported, there should be a clear
statement to this effect (e.g.’down hole
length, true width not known’).

The
drill
holes
are
interpreted
to
be
approximately perpendicular to the strike and
dip of mineralisation;

Due to the multiple orientation of structures,
drilling is not always perpendicular to the dip of
mineralisation and in those cases true widths
are less than downhole widths.
Diagrams Appropriate maps and sections (with scales)
and tabulations of intercepts should be
included for any significant discovery being
reported. These should include, but not be
limited to a plan view of drill hole collar
_locations and appropriate sectional views. _

Plans of the hole locations for resources are
provided in the report.
Balanced
Reporting
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.

Representative reporting of both low and high
grades and widths is practiced.
Other
substantive
exploration
data
Other exploration data, if meaningful and
material, should be reported including (but
not limited to): geological observations;
geophysical survey results; geochemical
survey results; bulk samples - size and
method of treatment; metallurgical test
results;
bulk
density,
groundwater,
geotechnical
and
rock
characteristics;
potential
deleterious
or
contaminating
substances.

Extensive early stage exploration has been
conducted by previous operators including RAB
drilling and geochemical sampling. The results
have not been used in the Mineral Resource
estimate;

Various programs of metallurgical, geotechnical
and groundwater testing have been completed
as part of the permitting process for the different
phases of mining at the project.
Further work
The nature and scale of planned further
work (e.g. tests for lateral extensions or
depth extensions or large- scale step-out
drilling).

Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
_commercially sensitive. _

Substantial exploration and resource extension
programs are planned by Genesis to increase
confidence in the defined Mineral Resources
and to discover additional deposits of gold
mineralisation.
JORC Table 1 Section 3 Estimation and Reporting of Mineral Resources
Criteria JORC Code explanation Commentary
Database
integrity

Measures taken to ensure that data has
not been corrupted by, for example,
transcription or keying errors, between its
initial collection and its use for Mineral
Resource estimation purposes.

Data validation procedures used.

For recent exploration work, the geological and
assay data was captured electronically to prevent
transcription errors;

For historic work, data collection methods were
not documented;

Validation included comparison of gold results to
logged geology to verify mineralised intervals;

Validation
by
previous
operators
included
comparison of database records to open file
records for historic drilling;

Data reviews have been carried out by
independent consultants at different times.
Site visits
Comment on any site visits undertaken by
the Competent Person and the outcome
of those visits.

If no site visits have been undertaken
indicate why this is the case.

A site visit was undertaken by the Competent
Person in February 2021 to verify the extent of
mining operations, locate drill collars from
previous drilling, review drilling operations and to
confirm that no obvious impediments to future

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Criteria JORC Code explanation Commentary
project exploration or development were present.
Geological
interpretation

Confidence
in
(or
conversely,
the
uncertainty
of)
the
geological
interpretation of the mineral deposit.

Nature of the data used and of any
assumptions made.

The
effect,
if
any,
of
alternative
interpretations on Mineral Resource
estimation.

The use of geology in guiding and
controlling Mineral Resource estimation.

The factors affecting continuity both of
grade and geology.

The confidence in the geological interpretation for
the deposits is considered to be high due to the
close spaced drilling and generally consistent
mineralisation;

The interpretation was based largely on good
quality RC drilling, with a small number of
diamond holes.

The deposits consist of wide mineralised lodes
which have been interpreted based largely on
assay data from samples taken at regular
intervals from angled or vertical drill holes;

Geological logging has been used to define
lithology and weathering domains;

Due to the close spaced drilling, an alternative
interpretation is unlikely.
Dimensions
The extent and variability of the Mineral
Resource expressed as length (along
strike or otherwise), plan width, and depth
below surface to the upper and lower
limits of the Mineral Resource.

The Orient Well mineral resource area extends
over a 1500m strike length, and modelled to a
depth of 200m below surface with the reported
Mineral Resource limited to a depth of 130m;

The Orient Well East mineral resource area
extends over a 400m strike length, to a depth of
70m below surface;

The Orient Well North West mineral resource
area extends over a 200m strike length to a depth
of 130m below surface.
Estimation
and modelling
techniques

The nature and appropriateness of the
estimation technique(s) applied and key
assumptions,
including
treatment
of
extreme
grade
values,
domaining,
interpolation parameters and maximum
distance of extrapolation from data
points. If a computer assisted estimation
method was chosen include a description
of computer software and parameters
used.

The availability of check estimates,
previous
estimates
and/or
mine
production records and whether the
Mineral
Resource
estimate
takes
appropriate account of such data.

The
assumptions
made
regarding
recovery of by-products.

Estimation of deleterious elements or
other non-grade variables of economic
significance (eg sulphur for acid mine
drainage characterisation).

In the case of block model interpolation,
the block size in relation to the average
sample
spacing
and
the
search
employed.

Any assumptions behind modelling of
selective mining units.

Any
assumptions
about
correlation
between variables.

Description
of
how
the
geological
interpretation was used to control the
resource estimates.

Discussion of basis for using or not using
grade cutting or capping.

The process of validation, the checking
process used, the comparison of model
data to drill hole data, and use of
reconciliation data if available.

Orient Well estimation parameters were derived
from modelled variograms, Ordinary Kriging (OK)
was used to estimate average block grades
within the main zones of mineralisation.

For Orient Well East, Orient Well North West and
minor zones of mineralisation at Orient Well,
Inverse Distance (ID) was used to estimate
average
block
grades
using
parameters
determined from lode geometry and drill hole
spacings.

Surpac software was used for the estimation.

Orient Well and Orient Well East were combined
into the same block model. A separate block
models were created for Orient Well North West;

Samples were composited to 1m intervals.
Various high grade cuts were applied at each
deposit and varied from 6g/t to 23g/t;

The parent block dimensions used for Orient Well
were 10m along strike by 5m across strike by 5m
vertical with sub-cells of 2.5m by 1.25m by
1.25m;

The parent block dimensions used for Orient Well
North West were 20m along strike by 5m across
strike by 10m vertical with sub-cells of 5m by
1.25m by 2.5m;

Cell size was based on 50% of the closest
spaced drilling at each deposit;

Previous
resource
estimates
have
been
completed. The mineralisation domains used in
this estimate were largely based on those
previous interpretations;

No assumptions have been made regarding
recovery of by-products;

No estimation of deleterious elements was
carried out. Only Au was interpolated into the
block models;

An orientated ellipsoid search was used to select
data and was based on kriging parameters, drill
hole spacing and geometry of mineralisation;

Up to three interpolation passes were used for

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Criteria JORC Code explanation Commentary
each model;

A first pass search of between 40m and 50m was
used with a minimum of 12 samples and a
maximum of 24 samples. The majority of blocks
were estimated in the first pass;

The remaining blocks were filled by increasing
the search range up to 160m and reducing the
minimum samples to 2;

Selective mining units were not modelled in the
Mineral Resource model. The block size used in
the model was based on drill sample spacing and
lode orientation;

The deposit mineralisation was constrained by
wireframes constructed using a 0.2g/t Au-off
grade. The wireframes were applied as hard
boundaries in the estimates;

For validation, trend analysis was completed by
comparing the interpolated blocks to the sample
composite data within strike intervals of 20m and
by 10m vertical intervals and on a global basis.
Moisture
Whether the tonnages are estimated on a
dry basis or with natural moisture, and the
method of determination of the moisture
_content. _

Tonnages and grades were estimated on a dry in
situ basis. No moisture values were reviewed.
Cut-off
parameters

The basis of the adopted cut-off grade(s)
or quality parameters applied.

The Mineral Resource above 280mRL has been
reported at a 0.5g/t Au cut-off based on likely cut-
off grades determined for open pit mining.

The resource has been limited to material above
280mRL.
Mining factors
or
assumptions

Assumptions made regarding possible
mining
methods,
minimum
mining
dimensions and internal (or, if applicable,
external) mining dilution. It is always
necessary as part of the process of
determining reasonable prospects for
eventual economic extraction to consider
potential
mining
methods,
but
the
assumptions made regarding mining
methods
and
parameters
when
estimating Mineral Resources may not
always be rigorous. Where this is the
case, this should be reported with an
explanation of the basis of the mining
assumptions made.

Based on the previous production history and the
shallow nature of the mineralisation, it is assumed
that open pit mining is possible at the project if
demonstrated to be economically viable to
construct a processing facility or as satellite feed
for an existing operation;

No mining parameters or modifying factors have
been applied to the Mineral Resource.
Metallurgical
factors
or
assumptions

The basis for assumptions or predictions
regarding metallurgical amenability. It is
always necessary as part of the process
of determining reasonable prospects for
eventual economic extraction to consider
potential metallurgical methods, but the
assumptions
regarding
metallurgical
treatment processes and parameters
made when reporting Mineral Resources
may not always be rigorous. Where this is
the case, this should be reported with an
explanation
of
the
basis
of
the
metallurgical assumptions made.

Extensive metallurgical test work has been
undertaken by Genesis and previous operators at
the project and has been reviewed;

Results of recent test work and processing
results
from
the
previous
mining
have
demonstrated that good gold recovery can be
expected from conventional processing methods;

There is nothing to suggest that high gold
recoveries will not be achieved from the
remaining Mineral Resources.
Environmental
factors
or
assumptions

Assumptions made regarding possible
waste and process residue disposal
options. It is always necessary as part of
the process of determining reasonable
prospects
for
eventual
economic
extraction to consider the potential
environmental impacts of the mining and

The area is not known to be environmentally
sensitive and there is no reason to think that
proposals
for
development
including
the
stockpiling of waste would not be approved;

The Kookynie area is already highly disturbed
with previous permitting granted for open pit
mining and processing;

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Criteria JORC Code explanation Commentary
processing operation. While at this stage
the
determination
of
potential
environmental impacts, particularly for a
greenfields project, may not always be
well advanced, the status of early
consideration
of
these
potential
environmental
impacts
should
be
reported. Where these aspects have not
been considered this should be reported
with an explanation of the environmental
assumptions made.

The area surrounding the Kookynie deposits is
generally flat and uninhabited with no obvious
impediments to the construction of stockpiles and
other mine infrastructure.
Bulk density
Whether assumed or determined. If
assumed, the basis for the assumptions.
If determined, the method used, whether
wet or dry, the frequency of the
measurements, the nature, size and
representativeness of the samples.

The bulk density for bulk material must
have been measured by methods that
adequately account for void spaces
(vugs, porosity, etc), moisture and
differences between rock and alteration
zones within the deposit.

Discuss assumptions for bulk density
estimates used in the evaluation process
of the different materials.

Bulk density values were based on information
obtained from historic mining operations where
available, or were assumed based on knowledge
of similar rock types at other deposits;

Bulk density determinations were made on
samples from drill core using the weight in
air/weight in water method;

Bulk density values used in the resource were
1.8t/m3,
2.4t/m3
and
2.75t/m3
for
oxide,
transitional and fresh mineralisation respectively.
Classification
The basis for the classification of the
Mineral
Resources
into
varying
confidence categories.

Whether appropriate account has been
taken of all relevant factors (ie relative
confidence in tonnage/grade estimations,
reliability of input data, confidence in
continuity of geology and metal values,
quality, quantity and distribution of the
data).

Whether the result appropriately reflects
the Competent Person’s view of the
deposit.

Mineral Resources were classified in accordance
with the Australasian Code for the Reporting of
Exploration Results, Mineral Resources and Ore
Reserves (JORC, 2012). The Mineral Resources
were classified as Indicated and Inferred Mineral
Resource on the basis of data quality, sample
spacing, and lode continuity;

The Indicated portion of the mineral resource was
confined to the central portions of the main zones
of mineralisation at Orient Well and are supported
by close spaced drilling of at 25m centres, good
continuity of grade and conditional bias slope of
greater than 50%. The resource has been
classified as Inferred at the edges of most zones
where drill spacing is greater than 25m and there
are some uncertainties on the orientation and
continuity of mineralisation.

The entire resource at Orient Well East and
Orient Well North West have been classified as
Inferred Mineral Resource due to uncertainties of
grade and mineralisation continuity.

The deposits have been reviewed by the
Competent Person and results reflect the view of
the Competent Person
Audits
or
reviews

The results of any audits or reviews of
Mineral Resource estimates.

A documented internal audit of the Mineral
Resource estimate was completed by the
consulting company responsible for the estimate.
Discussion of
relative
accuracy/
confidence

Where appropriate a statement of the
relative accuracy and confidence level in
the Mineral Resource estimate using an
approach
or
procedure
deemed
appropriate by the Competent Person.
For example, the application of statistical
or geostatistical procedures to quantify
the relative accuracy of the resource
within stated confidence limits, or, if such
an approach is not deemed appropriate,
a qualitative discussion of the factors that
could affect the relative accuracy and
confidence of the estimate.

The estimates for each deposit utilise good
estimation practices, high quality drilling data and
include observations and data from mining
operations. These deposits are considered to
have been estimated with a high level of
accuracy;

The data quality throughout the project is
reported to be good and the drill holes have
detailed logs produced by qualified geologists;

The Mineral Resource statement relates to global
estimates of tonnes and grade;

Previous open pit mining has been carried out at
Orient Well;

No reconciliation data has been located and only

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Criteria JORC Code explanation Commentary

The statement should specify whether it
relates to global or local estimates, and, if
local, state the relevant tonnages, which
should be relevant to technical and
economic
evaluation.
Documentation
should include assumptions made and
the procedures used.

These statements of relative accuracy
and confidence of the estimate should be
compared with production data, where
available.
global production records have been reviewed.

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Ulysses Deposit

JORC Table 1 Section 1 Sampling Techniques and Data

Criteria JORC Code Explanation Commentary
Sampling
techniques

Nature and quality of sampling (eg cut
channels,
random
chips,
or
specific
specialised industry standard measurement
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc).
These examples should not be taken as
limiting the broad meaning of sampling.

Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any measurement
tools or systems used.

Aspects
of
the
determination
of
mineralisation that are Material to the Public
Report. In cases where ‘industry standard’
work has been done this would be relatively
simple (eg ‘reverse circulation drilling was
used to obtain 1 m samples from which 3 kg
was pulverised to produce a 30 g charge for
fire assay’). In other cases more explanation
may be required, such as where there is
coarse gold that has inherent sampling
problems.
Unusual
commodities
or
mineralisation
types
(eg
submarine
nodules) may warrant disclosure of detailed
information.

Drill holes used in the estimate include 124
diamond holes (DD) and 658 reverse circulation
holes. In addition a large amount of regional
RAB (Rotary Air Blast) and air-core (AC) drilling
has been completed;

Much of the shallow RC and DD drilling was
completed in 2000 and 2001 by Sons of Gwalia
Limited (SGW);

Genesis RC and diamond drilling has included
infill and extensional drilling as well as grade
control RC drilling in the Ulysses West pit area;

In the deposit area, holes were generally
angled at -60osouth to optimally intersect the
mineralised zones;

RC samples were collected in one metre
intervals from a rig mounted cyclone and cone
or riffle splitters;

For AC, RAB and some RC drilling, samples
were composited into 2m or 3m intervals for
assay with anomalous intervals resubmitted at
1m intervals. The majority of RC holes were
sampled and assayed at 1m intervals;

DD core was cut using a diamond saw and half
core samples submitted for analysis.
Drilling
techniques

Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger,
Bangka, sonic, etc) and details (eg core
diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
what method, etc).

RC drilling used a face sampling bit;

Diamond drilling was carried out with HQ and
NQ sized equipment with standard tube;

Conventional equipment was used for RAB and
AC drilling.
Drill sample
recovery

Method of recording and assessing core
and chip sample recoveries and results
assessed.

Measures taken to maximise sample
recovery and ensure representative nature
of the samples.

Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential
loss/gain
of
fine/coarse
material.

Recoveries from historical drilling are not
documented but for the SGW holes, drilling
conditions, recoveries and sample size were
reported to be good;

Diamond core recovery was recorded in the drill
logs and was good;

Genesis RC and DD drilling reported excellent
sample recoveries;

There appears to be no relationship between
sample recovery and sample grades.
Logging
Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.

Whether
logging
is
qualitative
or
quantitative in nature. Core (or costean,
channel, etc) photography.

The total length andpercentage of the

All diamond drill holes were logged for
recovery, RQD, geology and structure;

RC, AC and RAB drilling was logged for various
geological attributes;

All drill holes were logged in full.

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Criteria JORC Code Explanation Commentary
relevant intersections logged.
Sub-sampling
techniques
and sample
preparation

If core, whether cut or sawn and whether
quarter, half or all core taken.

If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.

For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.

Quality control procedures adopted for all
sub-sampling
stages
to
maximise
representivity of samples.

Measures taken to ensure that the sampling
is representative of the in situ material
collected, including for instance results for
field duplicate/second-half sampling.

Whether sample sizes are appropriate to the
grain size of the material being sampled.

Genesis RC samples were collected from a rig
mounted cyclone and cone splitter in one metre
intervals;

For historic RC and DD drill programs, samples
were assayed at the Amdel laboratory in
Kalgoorlie. Genesis samples were assayed at
the Intertek laboratory in Perth. Samples were
dried and a 1kg split was pulverized to 80%
passing 75 microns;

No QAQC reports have been located for the
historic drilling data;

Genesis drilling included extensive QAQC
protocols including blanks, standards and
duplicates. Results were satisfactory and
supported the use of the data in resource
estimation;

Sample sizes are considered appropriate to
correctly represent the gold mineralisation
based on: the style of mineralisation, the
thickness and consistency of the intersections,
the sampling methodology and assay value
ranges for Au.
Quality of
assay data
and
laboratory
tests

The nature, quality and appropriateness of
the assaying and laboratory procedures
used
and
whether
the
technique
is
considered partial or total.

For
geophysical
tools,
spectrometers,
handheld
XRF
instruments,
etc,
the
parameters
used
in
determining
the
analysis including instrument make and
model, reading times, calibrations factors
applied and their derivation, etc.

Nature
of
quality
control
procedures
adopted (eg standards, blanks, duplicates,
external laboratory checks) and whether
acceptable levels of accuracy (ie lack of
bias) andprecision have been established.

For SGW RC and DD drilling, analysis was by
fire assay and atomic absorption spectrometry
(AAS) finish at the Amdel laboratory in
Kalgoorlie;

For Genesis drilling, analysis was by fire assay
and atomic absorption spectrometry (AAS)
finish at the Intertek laboratory in Perth;

The analytical technique used approaches total
dissolution of gold in most circumstances.

Genesis drilling included extensive QAQC
protocols including blanks, standards and
duplicates. Results were satisfactory and
supported the use of the data in resource
estimation.
Verification
of sampling
and assaying

The verification of significant intersections
by
either
independent
or
alternative
company personnel.

The use of twinned holes.

Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.

Discuss any adjustment to assay data.

Visual verification of significant intersections
has been carried out by the Competent Person.
The mineralisation is visually distinct and scan
logging of 14 diamond holes confirmed the
thickness
and
approximate
tenor
of
mineralisation;

Multiple phases of drilling have confirmed the
overall tenor and distribution of mineralisation;

Primary data documentation is electronic with
appropriate verification and validation;

Data is well organised and securely stored in a
relational database;

Assay values that were below detection limit
were adjusted to equal half of the detection limit
value.
Location of
data points

Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral Resource
estimation.

Specification of the grid system used.

Quality and adequacy of topographic
control.

Drill hole collar coordinates used MGA Zone 51
datum with transforms to a local grid;

Drill hole collars have been accurately surveyed
either by licenced surveyors or using differential
GPS;

Topographic
control
is
from
detailed
topographic survey in the vicinity of the
resource and from drill hole collar surveys
elsewhere.
Data spacing
and
distribution

Data spacing for reporting of Exploration
Results.

Whether the data spacing and distribution is

For RAB and AC drilling, the drill hole spacing
is variable and up to 400m by 100m;

For RC and DD drilling, the hole spacing is
largely25m by25m in the upperpart of the

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Criteria JORC Code Explanation Commentary
sufficient to establish the degree of
geological and grade continuity appropriate
for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications
applied.

Whether sample compositing has been
applied.
deposit with some 12.5m infill. The deeper
portion of the deposit has been drilled at 40m to
80m hole spacings on 25m spaced cross
sections;

During 2016/17, grade control drilling was
undertaken at 6.25m by 12.5m drill spacing
over a strike length of 140m in the western
portion of the deposit;

The
drilling
has
demonstrated
sufficient
continuity in both geological and grade
continuity to support the definition of Mineral
Resources, and the classifications applied
under the 2012 JORC Code;

Samples used in the Mineral Resource were
based
largely
on
1m
samples
without
compositing. Compositing of DD holes was
required to provide equal support during
estimation.
Orientation of
data in
relation to
geological
structure

Whether
the
orientation
of
sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.

If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.

Holes were generally angled to grid south or to
optimise the intersection angle with the
interpreted structures;

No orientation based sampling bias has been
identified in the data.
Sample
security

The measures taken to ensure sample
security.

Genesis samples were carefully identified and
bagged on site for collection and transport by
commercial or laboratory transport.
Audits or
reviews

The results of any audits or reviews of
sampling techniques and data.

Sampling and data procedures were audited by
PayneGeo as part of the estimation program.

All work was carried out by reputable
companies using industry standard methods.

JORC Table 1 Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral
tenement and
land
tenure
status

Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint
ventures, partnerships, overriding royalties,
native
title
interests,
historical
sites,
wilderness
or
national
park
and
environmental settings.
The security of the tenure held at the time of
reporting along with any known impediments
to obtaining a license to operate in the area.

The deposit is located within Mining Lease
M40/166 which is owned by Ulysses Mining Pty
Ltd;

The Mining Lease was granted for a term of 21
years and expires 28 January 2022;

The tenements are in good standing.
Exploration
done by other
parties

Acknowledgment
and
appraisal
of
exploration by other parties.

The tenement was previously held in a joint
venture between Sons of Gwalia Limited
(“SWG”) and Dalrymple Resources NL. The
majority of historical drilling was completed by
SWG between 1999 and 2001;

The project was acquired by St Barbara Limited
(“SMB”) in 2004. SBM work was limited to
resource modelling and geological review.
Geology
Deposit type, geological setting and style of
mineralisation.

Ulysses is an orogenic, lode-style deposit
hosted within mafic rocks of the Norseman-
Wiluna greenstone belt;

Gold mineralisation occurs within a strong zone
of shearing and biotite-sericite-pyrite alteration
typically 5-10m intruewidth;

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Criteria JORC Code explanation Commentary

High grade shoots have developed at the
intersection of the Ulysses shear and magnetic
dolerite sills within the mafic stratigraphy;

The shear zone strikes east-west and dips 30-
40oto the north.
Drill
hole
information
A summary of all information material to the
under-standing of the exploration results
including a tabulation of the following
information for all Material drill holes:
easting and northing of the drill hole
collar
elevation or RL (Reduced Level –
elevation above sea level in metres) of
the drill hole collar
dip and azimuth of the hole
down hole length and interception depth
hole length
If the exclusion of this information is justified
on the basis that the information is not
Material and this exclusion does not detract
from the understanding of the report, the
Competent Person should clearly explain
why this is the case.

Results of previous exploration at the project are
provided in numerous previous ASX releases.;

Drill hole locations are shown on the map within
the body of this ASX release.
Data
aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (e.g. cutting of
high grades) and cut-off grades are usually
Material and should be stated.
Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation should
be stated and some typical examples of such
aggregations should be shown in detail.

The assumptions used for any reporting of
metal equivalent values should be clearly
stated.

Length weighted average grades have been
reported;

No high-grade cuts have been applied to
reported exploration results;

Metal equivalent values are not being reported.
Relationship
between
mineralisation
widths
and
intercept
lengths
These
relationships
are
particularly
important in the reporting of Exploration
Results.

If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.
If it is not known and only the down hole
lengths are reported, there should be a clear
statement to this effect (e.g.’down hole
_length, true width not known’). _

Drill holes are angled to local grid south which is
approximately perpendicular to the orientation of
the mineralised trend.
Diagrams Appropriate maps and sections (with scales)
and tabulations of intercepts should be
included for any significant discovery being
reported. These should include, but not be
limited to a plan view of drill hole collar
locations and appropriate sectional views.

A plan showing the Ulysses drilling is included
within this ASX release.
Balanced
Reporting
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.

The significant results of all resource drill holes
have been previously reported;

Results of RAB and AC holes are not material to
the project.
Other
substantive
exploration
data
Other exploration data, if meaningful and
material, should be reported including (but
not limited to): geological observations;
geophysical survey results; geochemical
survey results; bulk samples - size and
method of treatment; metallurgical test
results;
bulk
density,
groundwater,
geotechnical
and
rock
characteristics;

Regional exploration programs have been
conducted
including
RAB
drilling
and
geochemical sampling. The results have not
been used in the Mineral Resource estimate.

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Criteria JORC Code explanation Commentary
potential
deleterious
or
contaminating
substances.
Further work
The nature and scale of planned further
work (e.g. tests for lateral extensions or
depth extensions or large- scale step-out
drilling).

Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
commercially sensitive.

Further work at the deposit will include various
studies as part of the Feasibility Study to
determine the potential for development of the
deposit;

Along strike and down dip lode extensions are
likely targets for further exploration;

Regional exploration results will be assessed to
identify other targets.

JORC Table 1 Section 3 Estimation and Reporting of Mineral Resources

Criteria JORC Code explanation Commentary
Database
integrity

Measures taken to ensure that data has
not been corrupted by, for example,
transcription or keying errors, between its
initial collection and its use for Mineral
Resource estimation purposes.

Data validation procedures used.

Data was captured electronically to prevent
transcription errors.

Validation included comparison of gold results to
logged geology to verify mineralised intervals.
Site visits
Comment on any site visits undertaken by
the Competent Person and the outcome
of those visits.

If no site visits have been undertaken
indicate why this is the case.

Numerous site visits were undertaken by the
Competent Person between 2015 and 2019 to
verify the extent of mining operations, locate drill
collars from previous drilling, review drilling and
mining operations and to confirm that no obvious
impediments to future project exploration or
development were present.
Geological
interpretation

Confidence
in
(or
conversely,
the
uncertainty
of)
the
geological
interpretation of the mineral deposit.

Nature of the data used and of any
assumptions made.

The
effect,
if
any,
of
alternative
interpretations on Mineral Resource
estimation.

The use of geology in guiding and
controlling Mineral Resource estimation.

The factors affecting continuity both of
grade and geology.

The confidence in the geological interpretation is
considered to be good, with highly continuous
mineralised structures defined by good quality
drilling.

The deposit consists of moderate dipping
mineralised lodes which have been interpreted
based on logging and assay data from samples
taken at regular intervals from angled drill holes.
Dimensions
The extent and variability of the Mineral
Resource expressed as length (along
strike or otherwise), plan width, and depth
below surface to the upper and lower
limits of the Mineral Resource.

The Ulysses Mineral Resource area extends over
a strike length of 2,700m and has a vertical extent
of 520m from surface at 420mRL to -100mRL.
Estimation
and modelling
techniques

The nature and appropriateness of the
estimation technique(s) applied and key
assumptions,
including
treatment
of
extreme
grade
values,
domaining,
interpolation parameters and maximum
distance of extrapolation from data
points. If a computer assisted estimation
method was chosen include a description
of computer software and parameters
used.

The availability of check estimates,
previous
estimates
and/or
mine
production records and whether the
Mineral
Resource
estimate
takes
appropriate account of such data.

The
assumptions
made
regarding
recovery of by-products.

Estimation of deleterious elements or
other non-grade variables of economic

Using
parameters
derived
from
modelled
variograms, Ordinary Kriging (OK) was used to
estimate average block grades within the deposit.

Surpac software was used for the estimation.

High grade cuts of between 10g/t and 35g/t were
applied to 1m composite data.

The parent block dimensions used were 10m NS
by 10m EW by 5m vertical with sub-cells of 1.25m
by 2.5m by 1.25m. The parent block size was
selected
on
the
basis
KNA
and
were
approximately 50% of the average drill hole
spacing in the deposit area beneath the existing
pit.

Historical production records were available for
an open pit completed in 2002 and a portion of
historic grade control data was available which
largely confirms the current interpretations.

Production from the GMD mining in 2016 and
2017 compared well with the resource model.

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Criteria JORC Code explanation Commentary
significance (eg sulphur for acid mine
drainage characterisation).

In the case of block model interpolation,
the block size in relation to the average
sample
spacing
and
the
search
employed.

Any assumptions behind modelling of
selective mining units.

Any
assumptions
about
correlation
between variables.

Description
of
how
the
geological
interpretation was used to control the
resource estimates.

Discussion of basis for using or not using
grade cutting or capping.

The process of validation, the checking
process used, the comparison of model
data to drill hole data, and use of
reconciliation data if available.

Previous
resource
estimates
have
been
completed and compare well with the current
estimate.

No assumptions have been made regarding
recovery of by-products.

No estimation of deleterious elements was
carried out. Only Au was interpolated into the
block model.

An orientated ellipsoid search was used to select
data and was based on parameters derived from
the variography.

An initial interpolation pass was used with a
maximum range of 30m which filled 15% of
blocks. A second pass radius of 60m filled 39%
of the blocks and a third pass range of 120m filled
the majority of the remaining blocks.

A minimum of 10 samples was used for the first
pass, and this was reduced to six and then 2 for
the subsequent passes. A maximum of 22
samples was used for all passes.

Selective mining units were not modelled in the
Mineral Resource model. The block size used in
the model was based on KNA, drill sample
spacing and lode orientation.

Only Au assay data was available, therefore
correlation analysis was not possible.

The deposit mineralisation was constrained by
wireframes constructed using a 0.3g/t Au cut-off
grade in association with logged geology.

Internal high grade shoots were interpreted
based on logged geology or a 2.0g/t cut-off
grade.

The wireframes were applied as hard boundaries
in the estimate.

For validation, trend analysis was completed by
comparing the interpolated blocks to the sample
composite data within 25m easting intervals and
by 10m vertical intervals.
Moisture
Whether the tonnages are estimated on a
dry basis or with natural moisture, and the
method of determination of the moisture
content.

Tonnages and grades were estimated on a dry in
situ basis. No moisture values were reviewed.
Cut-off
parameters

The basis of the adopted cut-off grade(s)
or quality parameters applied.

The Mineral Resource above 280mRL has been
reported at a 0.5g/t Au cut-off based on likely cut-
off grades determined for open pit mining.

Below 280mRL, the Mineral Resource has been
reported at a cut-off grade of 2.0g/t Au to reflect
potential underground mining.
Mining factors
or
assumptions

Assumptions made regarding possible
mining
methods,
minimum
mining
dimensions and internal (or, if applicable,
external) mining dilution. It is always
necessary as part of the process of
determining reasonable prospects for
eventual economic extraction to consider
potential
mining
methods,
but
the
assumptions made regarding mining
methods
and
parameters
when
estimating Mineral Resources may not
always be rigorous. Where this is the
case, this should be reported with an
explanation of the basis of the mining
assumptions made.

The deposit has previously been mined using
selective open pit mining methods. It is assumed
that further open pit mining is possible at the
project.

Portions of the deposit have been confirmed to
have sufficient grade and continuity to be
considered for underground mining.

No mining parameters or modifying factors have
been applied to the Mineral Resource.
Metallurgical
factors
or
assumptions

The basis for assumptions or predictions
regarding metallurgical amenability. It is
always necessary as part of the process

Extensive metallurgical test work has been
undertaken by Genesis and previous operators at
the project and has been reviewed;

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Criteria JORC Code explanation Commentary
of determining reasonable prospects for
eventual economic extraction to consider
potential metallurgical methods, but the
assumptions
regarding
metallurgical
treatment processes and parameters
made when reporting Mineral Resources
may not always be rigorous. Where this is
the case, this should be reported with an
explanation
of
the
basis
of
the
metallurgical assumptions made.

Results of recent test work and processing
results
from
the 2016/2017 mining
have
demonstrated that good gold recovery can be
expected from conventional processing methods.
Environmental
factors
or
assumptions

Assumptions made regarding possible
waste and process residue disposal
options. It is always necessary as part of
the process of determining reasonable
prospects
for
eventual
economic
extraction to consider the potential
environmental impacts of the mining and
processing operation. While at this stage
the
determination
of
potential
environmental impacts, particularly for a
greenfields project, may not always be
well advanced, the status of early
consideration
of
these
potential
environmental
impacts
should
be
reported. Where these aspects have not
been considered this should be reported
with an explanation of the environmental
assumptions made.

The previous phases of mining included the
development of waste dumps at the site.

The area is not known to be environmentally
sensitive and there is no reason to think that
approvals for further development including the
dumping of waste would not be approved.
Bulk density
Whether assumed or determined. If
assumed, the basis for the assumptions.
If determined, the method used, whether
wet or dry, the frequency of the
measurements, the nature, size and
representativeness of the samples.

The bulk density for bulk material must
have been measured by methods that
adequately account for void spaces
(vugs, porosity, etc), moisture and
differences between rock and alteration
zones within the deposit.

Discuss assumptions for bulk density
estimates used in the evaluation process
of the different materials.

Bulk density determinations were made on
samples from drill core using the weight in
air/weight in water method.

Bulk density values used in the resource were
2.0t/m3, 2.25t/m3and 2.90t/m3for oxide,
transitional and fresh mineralisation respectively.
Classification
The basis for the classification of the
Mineral
Resources
into
varying
confidence categories.

Whether appropriate account has been
taken of all relevant factors (ie relative
confidence in tonnage/grade estimations,
reliability of input data, confidence in
continuity of geology and metal values,
quality, quantity and distribution of the
data).

Whether the result appropriately reflects
the Competent Person’s view of the
deposit.

Mineral Resources were classified in accordance
with the Australasian Code for the Reporting of
Exploration Results, Mineral Resources and Ore
Reserves (JORC, 2012). The Mineral Resource
was classified as Measured, Indicated and
Inferred Mineral Resource on the basis of data
quality, sample spacing, and lode continuity;

Measured Mineral Resource was defined where
robust continuity of mineralisation was evident
across the area drilled by 6.25m spaced holes,
confined to the lodes in the west of the deposit;

Measured Mineral Resource was also defined
where infill drilling to 25m by 12.5m-25m had
confirmed the excellent continuity of structure
and grade in the vicinity of the high grade lodes;

The Indicated portion of the Mineral Resource
was
defined
where
good
continuity
of
mineralisation was evident and within the drilled
area where hole spacing ranged from 25m by
25m or less in the well drilled portion to 40m-60m
by 40m spacing in the deeper extensions;

The remaining portions of the deposit were
classified asInferredMineral Resource due to

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Criteria JORC Code explanation Commentary
poor grade continuity or sparse drilling;

The definition of mineralised zones is based on
sound geological understanding producing a
robust model of mineralised domains. This model
has been confirmed by previous mining which
supported the interpretation;

The Mineral Resource estimate appropriately
reflects the view of the Competent Person.
Audits
or
reviews

The results of any audits or reviews of
Mineral Resource estimates.

A documented internal audit of the Mineral
Resource estimate was completed by the
consulting company responsible for the estimate.
Discussion of
relative
accuracy/
confidence

Where appropriate a statement of the
relative accuracy and confidence level in
the Mineral Resource estimate using an
approach
or
procedure
deemed
appropriate by the Competent Person.
For example, the application of statistical
or geostatistical procedures to quantify
the relative accuracy of the resource
within stated confidence limits, or, if such
an approach is not deemed appropriate,
a qualitative discussion of the factors that
could affect the relative accuracy and
confidence of the estimate.

The statement should specify whether it
relates to global or local estimates, and, if
local, state the relevant tonnages, which
should be relevant to technical and
economic
evaluation.
Documentation
should include assumptions made and
the procedures used.

These statements of relative accuracy
and confidence of the estimate should be
compared with production data, where
available.

The Ulysses Mineral Resource estimate is
considered to be reported with a high degree of
confidence. The consistent lode geometry and
continuity of mineralisation is reflected in the
Mineral Resource classification. The data quality
is good and the drill holes have detailed logs
produced by qualified geologists.

The Mineral Resource statement relates to global
estimates of tonnes and grade.

The deposit is not currently being mined.
Production records are available for the two
phases of open pit mining completed at the
deposit.

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Laterite Deposits

JORC Table 1 Section 1 Sampling Techniques and Data

Criteria JORC Code Explanation Commentary
Sampling
techniques

Nature and quality of sampling (eg cut
channels,
random
chips,
or
specific
specialised industry standard measurement
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc).
These examples should not be taken as
limiting the broad meaning of sampling.

Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any measurement
tools or systems used.

Aspects
of
the
determination
of
mineralisation that are Material to the Public
Report. In cases where ‘industry standard’
work has been done this would be relatively
simple (eg ‘reverse circulation drilling was
used to obtain 1 m samples from which 3 kg
was pulverised to produce a 30 g charge for
fire assay’). In other cases more explanation
may be required, such as where there is
coarse gold that has inherent sampling
problems.
Unusual
commodities
or
mineralisation
types
(eg
submarine
nodules) may warrant disclosure of detailed
information.

Orient Well Laterite Resource is based on
1,392 RAB, 48 RC and 11 diamond (22
completed by Genesis in 2020)

Double J Laterite Resource is based on 193 RC
holes

In addition, a large amount of regional RAB
(Rotary Air Blast) and air-core (AC) drilling has
been completed at all prospects;

Multiple campaigns of drilling were completed
at each of the deposits by various explorers
since 1985;

Genesis RC and diamond drilling has included
infill drilling;

In the laterite deposit areas, holes were
generally drilled vertically to optimally intersect
the mineralised zones;

Genesis RC sampling in mineralised zones
comprised 1m samples collected during drilling
using a rig mounted cone splitter;

Diamond core was cut using a diamond saw
and sampled either at 1m intervals or to
geological boundaries;

RC and diamond drilling by previous holders
has been completed to industry standard at the
time.
Drilling
techniques

Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger,
Bangka, sonic, etc) and details (eg core
diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
what method, etc).

The majority of drill holes are RAB or Reverse
Circulation (RC) with face sampling hammer;

Diamond cored holes were completed mostly
with NQ and HQ sized equipment and a
standard tube.
Drill sample
recovery

Method of recording and assessing core
and chip sample recoveries and results
assessed.

Measures taken to maximise sample
recovery and ensure representative nature
of the samples.

Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential
loss/gain
of
fine/coarse
material.

Limited records of sample recovery in historical
drilling were located for RAB and RC drill
samples;

Drill core recovery was determined from
physical core measurements;

Genesis RC sampling reported some loss of
sample especially in the first metre of drilling;

There is no indication of a relationship between
sample recovery and grade.
Logging
Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.

Whether
logging
is
qualitative
or
quantitative in nature. Core (or costean,
channel, etc) photography.

The total length andpercentage of the

Company geologists logged in detail each hole
at the time of drilling;

All diamond drill holes were logged for
recovery, RQD, geology and structure;

RC, AC and RAB drilling was logged for various
geological attributes;

All drill holes were logged in full;

Core and RC chips have been photographed.

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Criteria JORC Code Explanation Commentary
relevant intersections logged.
Sub-sampling
techniques
and sample
preparation

If core, whether cut or sawn and whether
quarter, half or all core taken.

If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.

For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.

Quality control procedures adopted for all
sub-sampling
stages
to
maximise
representivity of samples.

Measures taken to ensure that the sampling
is representative of the in situ material
collected, including for instance results for
field duplicate/second-half sampling.

Whether sample sizes are appropriate to the
grain size of the material being sampled.

Genesis RC samples were collected from a rig
mounted cyclone and cone splitter in one metre
intervals;

For historic RAB, RC and DD drill programs,
samples
were
assayed
at
commercial
laboratories in Western Australia;

Genesis samples were assayed at the Intertek
laboratory in Perth. Samples were dried and a
1kg split was pulverized to 80% passing 75
microns;

No QAQC reports have been located for the
historic drilling data;

Genesis drilling included extensive QAQC
protocols including blanks, standards and
duplicates. Results were satisfactory and
supported the use of the data in resource
estimation;

Sample sizes are considered appropriate to
correctly represent the gold mineralisation
based on: the style of mineralisation, the
thickness and consistency of the intersections,
the sampling methodology and assay value
ranges for Au.
Quality of
assay data
and
laboratory
tests

The nature, quality and appropriateness of
the assaying and laboratory procedures
used
and
whether
the
technique
is
considered partial or total.

For
geophysical
tools,
spectrometers,
handheld
XRF
instruments,
etc,
the
parameters
used
in
determining
the
analysis including instrument make and
model, reading times, calibrations factors
applied and their derivation, etc.

Nature
of
quality
control
procedures
adopted (eg standards, blanks, duplicates,
external laboratory checks) and whether
acceptable levels of accuracy (ie lack of
bias) and precision have been established.

Historic samples were submitted to commercial
independent laboratories in Western Australia;

Each
sample
was
dried,
crushed
and
pulverised; Au was analysed by 30g, 40g or 50g
Fire assay fusion technique with AAS finish.
The techniques are considered quantitative in
nature;

QAQC sampling was generally not carried out
for the historic drilling;

For Genesis drilling, analysis was by fire assay
and atomic absorption spectrometry (AAS)
finish at the Intertek laboratory in Perth;

The analytical technique used approaches total
dissolution of gold in most circumstances;

Genesis drilling included extensive QAQC
protocols including blanks, standards and
duplicates. Results were satisfactory and
supported the use of the data in resource
estimation.
Verification
of sampling
and assaying

The verification of significant intersections
by
either
independent
or
alternative
company personnel.

The use of twinned holes.

Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.

Discuss any adjustment to assay data.

Visual verification of significant intersections
has been carried out by the Competent Person.

Multiple phases of drilling have confirmed the
overall grade and distribution of mineralisation;

Primary data documentation is electronic with
appropriate verification and validation;

Data is well organized and securely stored in a
relational database.
Location of
data points

Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral Resource
estimation.

Specification of the grid system used.

Quality and adequacy of topographic
control.

Historic drill hole collars were surveyed in local
mine co-ordinates or AMG 84 coordinates using
a total station. All co-ordinates have been
transformed to MGA94 Zone 51 coordinates for
the resource estimate;

The majority of historic holes did not have down
hole surveys;

Hole deviation has been assessed for all
Genesis holes from an in-hole gyroscopic tool;

Detailed topographic surveys have been
carried out to show the extent of open pit
mining. End of Mine surveys support the recent
topographic surveys.

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Criteria JORC Code Explanation Commentary
Data spacing
and
distribution

Data spacing for reporting of Exploration
Results.

Whether the data spacing and distribution is
sufficient to establish the degree of
geological and grade continuity appropriate
for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications
applied.

Whether sample compositing has been
applied.

Orient Well laterite resources were defined with
10m by 10m spaced RAB holes for the majority
of the resource;

Double J laterite resources were defined with
20m by 20m spaced RC holes for the majority
of the resource;

The norther portion of Orient Well laterite has
been defined at variable spacing of 40 to 50m
centres;

The
drilling
has
demonstrated
sufficient
geological and grade continuity to support the
definition of Mineral Resources, and the
classifications applied under the 2012 JORC
Code;

Samples used in the Mineral Resource were
based
largely
on
1m
samples
without
compositing.
Orientation of
data in
relation to
geological
structure

Whether
the
orientation
of
sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.

If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.

The drilling is approximately perpendicular to
the strike and dip of mineralisation and
therefore
the
sampling
is
considered
representative of the mineralised zones;

No orientation based sampling bias has been
identified in the data.
Sample
security

The measures taken to ensure sample
security.

Genesis samples were carefully identified and
bagged on site for collection and transport by
commercial or laboratory transport.
Audits or
reviews

The results of any audits or reviews of
sampling techniques and data.

Reviews by independent consultants have
been carried out at different times throughout
the history of the project with satisfactory
results reported;

Sampling and data procedures were audited by
PayneGeo as part of the estimation program.

All work was carried out by reputable
companies using industry standard methods.

JORC Table 1 Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral
tenement and
land
tenure
status

Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint
ventures, partnerships, overriding royalties,
native
title
interests,
historical
sites,
wilderness
or
national
park
and
environmental settings.
The security of the tenure held at the time of
reporting along with any known impediments
to obtaining a license to operate in the area.

The Ulysses Gold Project is located over a
60km strike length of the Melita Greenstones on
granted mining and exploration licenses with
associated miscellaneous licenses;

The Laterite deposits are located on Mining
lease
M40/107,
M40/291,
M40/292
and
M40/293.

Mining Lease M40/107 expires 25 July 2032

Mining Lease M40/291 expires 9 Aug 2025

Mining Lease M40/292 expires 9 Aug 2025

Mining Lease M40/293 expires 9 Aug 2025

The tenements are in good standing.

Kookynie Project tenements are listed below.
E40/229 M40/101 P40/1272 E40/263 M40/107
P40/1300 E40/281 M40/110 P40/1301 E40/291
M40/117
P40/1302
E40/292
M40/120
P40/1303 E40/306 M40/136 P40/1427 E40/316
M40/137
P40/1428
E40/346
M40/148
P40/1433 E40/347 M40/151 P40/1434 E40/368
M40/163
P40/1435
E40/375
M40/164
P40/1436 E40/385 M40/174 P40/1437 E40/386
M40/192 P40/1438 G40/4 M40/196 P40/1439
G40/5
M40/2
P40/1440
G40/6
M40/20

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Criteria JORC Code explanation Commentary
P40/1441 G40/7 M40/209 P40/1442 L40/10
M40/26 P40/1444 L40/11 M40/288 P40/1445
L40/12 M40/289 P40/1446 L40/15 M40/290
P40/1447 L40/17 M40/291 P40/1454 L40/18
M40/292 M40/344 L40/19 M40/293 M40/345
L40/20 M40/3 M40/348 L40/21 M40/339
M40/56
L40/22
M40/340
M40/8
L40/27
M40/342 M40/94 L40/7 M40/343
Exploration
done by other
parties

Acknowledgment
and
appraisal
of
exploration by other parties.

The majority of drilling was carried out by
previous operators principally A&C and Melita
Mining.

Exploration has been ongoing since the 1980’s
across the Ulysses Project. Several phases of
mining and processing operations have been
conducted.
Geology
Deposit type, geological setting and style of
mineralisation.

The Ulysses Gold Project is located in the
central part of the Norseman-Wiluna belt of the
Eastern Goldfields terrane. Host rocks in the
region are primarily metasedimentary and
metavolcanic
lithologies
of
the
Melita
greenstones;

Gold mineralisation is developed within a thin
surface lateritic gravel. Mineralisation is
typically 1 to 5m wide with gold grades ranging
between 0.3 and 2.0g/t Au.
Drill
hole
information
A summary of all information material to the
under-standing of the exploration results
including a tabulation of the following
information for all Material drill holes:
easting and northing of the drill hole
collar
elevation or RL (Reduced Level –
elevation above sea level in metres) of
the drill hole collar
dip and azimuth of the hole
down hole length and interception depth
hole length
If the exclusion of this information is justified
on the basis that the information is not
Material and this exclusion does not detract
from the understanding of the report, the
Competent Person should clearly explain
why this is the case.

A very large number of drill holes were used to
prepare the Mineral Resources;

The quantity of drill holes used to estimate each
deposit is included in the body of this release;

The extent of drilling is shown broadly with
diagrams included in this announcement;

A summary of all drill holes used in the resource
estimates including intersections for all holes
used in the resource estimates are tabulated in
Appendices in the body of the release;
Data
aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (e.g. cutting of
high grades) and cut-off grades are usually
Material and should be stated.
Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation should
be stated and some typical examples of such
aggregations should be shown in detail.

The assumptions used for any reporting of
metal equivalent values should be clearly
stated.

All reported assay intervals have been length
weighted. No top cuts were applied. A nominal
cut-off of 0.3 g/t Au was applied with up to 1m of
internal dilution allowed;

The Intervals reported are used in the Mineral
Resource Estimate;

High grade mineralised intervals internal to
broader zones of lower grade mineralisation are
reported as included intervals;

No metal equivalent values have been used or
reported.
Relationship
between
mineralisation
widths
and
intercept
lengths
These
relationships
are
particularly
important in the reporting of Exploration
Results.

If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.
If it is not known and only the down hole
lengths are reported, there should be a clear
statement to this effect (e.g.’down hole
length, true width not known’).

The vertical drill holes are perpendicular to the
horizontal nature of the mineralisation, and can
be considered to be true widths. A small number
of holes drilled at -60° have also intersected the
mineralisation and in these holes, the true
thickness is slightly less than the down hole
thickness.

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Criteria JORC Code explanation Commentary
Diagrams Appropriate maps and sections (with scales)
and tabulations of intercepts should be
included for any significant discovery being
reported. These should include, but not be
limited to a plan view of drill hole collar
locations and appropriate sectional views.

Plans of the hole locations for resources are
provided in the report.
Balanced
Reporting
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.

Representative reporting of both low and high
grades and widths is practiced.
Other
substantive
exploration
data
Other exploration data, if meaningful and
material, should be reported including (but
not limited to): geological observations;
geophysical survey results; geochemical
survey results; bulk samples - size and
method of treatment; metallurgical test
results;
bulk
density,
groundwater,
geotechnical
and
rock
characteristics;
potential
deleterious
or
contaminating
substances.

Extensive early stage exploration has been
conducted by previous operators including RAB
drilling and geochemical sampling. The results
have not been used in the Mineral Resource
estimate;

Various programs of metallurgical, geotechnical
and groundwater testing have been completed
as part of the permitting process for the different
phases of mining at the project.
Further work
The nature and scale of planned further
work (e.g. tests for lateral extensions or
depth extensions or large- scale step-out
drilling).

Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
_commercially sensitive. _

Substantial exploration and resource extension
programs are planned by Genesis to increase
confidence in the defined Mineral Resources
and to discover additional deposits of gold
mineralisation.

JORC Table 1 Section 3 Estimation and Reporting of Mineral Resources

Criteria JORC Code explanation Commentary
Database
integrity

Measures taken to ensure that data has
not been corrupted by, for example,
transcription or keying errors, between its
initial collection and its use for Mineral
Resource estimation purposes.

Data validation procedures used.

For recent exploration work, the geological and
assay data was captured electronically to prevent
transcription errors;

For historic work, data collection methods were
not documented;

Validation included comparison of gold results to
logged geology to verify mineralised intervals;

Validation
by
previous
operators
included
comparison of database records to open file
records for historic drilling;

Data reviews have been carried out by
independent consultants at different times.
Site visits
Comment on any site visits undertaken by
the Competent Person and the outcome
of those visits.

If no site visits have been undertaken
indicate why this is the case.

A site visit was undertaken by the Competent
Person in February 2021 to verify the extent of
mining operations, locate drill collars from
previous drilling, review drilling operations and to
confirm that no obvious impediments to future
project exploration or development were present.
Geological
interpretation

Confidence
in
(or
conversely,
the
uncertainty
of)
the
geological
interpretation of the mineral deposit.

Nature of the data used and of any
assumptions made.

The
effect,
if
any,
of
alternative
interpretations on Mineral Resource
estimation.

The use of geology in guiding and
controlling Mineral Resource estimation.

The confidence in the geological interpretation for
the deposits is considered to be high due to the
close spaced drilling and generally consistent
mineralisation and historical production from the
deposits;

The interpretation was based largely on good
quality RAB and RC drilling, with a small number
of diamond holes.

The deposits consist of regular and consistent
zones which have been interpreted based largely
on assaydata from samples taken at regular

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Criteria JORC Code explanation Commentary

The factors affecting continuity both of
grade and geology.
intervals from vertical drill holes;

Geological logging has been used to define
lithology and weathering domains;

Due to the close spaced drilling, an alternative
interpretation is unlikely.
Dimensions
The extent and variability of the Mineral
Resource expressed as length (along
strike or otherwise), plan width, and depth
below surface to the upper and lower
limits of the Mineral Resource.

The Orient Well laterite mineral resource area
extends over a 1000m strike length, to a depth of
15m below surface;

The Double J laterite mineral resource area
extends over a 1100m strike length, to a depth of
10m below surface;
Estimation
and modelling
techniques

The nature and appropriateness of the
estimation technique(s) applied and key
assumptions,
including
treatment
of
extreme
grade
values,
domaining,
interpolation parameters and maximum
distance of extrapolation from data
points. If a computer assisted estimation
method was chosen include a description
of computer software and parameters
used.

The availability of check estimates,
previous
estimates
and/or
mine
production records and whether the
Mineral
Resource
estimate
takes
appropriate account of such data.

The
assumptions
made
regarding
recovery of by-products.

Estimation of deleterious elements or
other non-grade variables of economic
significance (eg sulphur for acid mine
drainage characterisation).

In the case of block model interpolation,
the block size in relation to the average
sample
spacing
and
the
search
employed.

Any assumptions behind modelling of
selective mining units.

Any
assumptions
about
correlation
between variables.

Description
of
how
the
geological
interpretation was used to control the
resource estimates.

Discussion of basis for using or not using
grade cutting or capping.

The process of validation, the checking
process used, the comparison of model
data to drill hole data, and use of
reconciliation data if available.

For Orient Well Laterite using parameters derived
from modelled variograms, Ordinary Kriging (OK)
was used to estimate average block grades
within the deposit.

For Double J Inverse Distance (ID) was used to
estimate average block grades using parameters
determined from deposit geometry and drill hole
spacings.

Surpac software was used for the estimation.

Separate block models were created for each
deposit;

Samples were composited to 1m intervals.
Various high grade cuts were applied at Orient
Well and varied from 6g/t to 8g/t;

No high grade cuts were applied at Double J;

The parent block dimensions used for Orient Well
laterite deposit was 5m along strike by 5m across
strike by 1m vertical with sub-cells of 2.5m by
2.5m by 0.25m;

The parent block dimensions used for Orient Well
laterite deposit was 10m along strike by 10m
across strike by 1m vertical with sub-cells of 2.5m
by 2.5m by 0.25m;

Cell size was based on 50% of the closest
spaced drilling at each deposit;

Previous
resource
estimates
have
been
completed. The mineralisation domains used in
this estimate were largely based on those
previous interpretations;

No assumptions have been made regarding
recovery of by-products;

No estimation of deleterious elements was
carried out. Only Au was interpolated into the
block models;

An orientated ellipsoid search was used to select
data and was based on kriging parameters, drill
hole spacing and geometry of mineralisation;

Up to three interpolation passes were used for
each model;

A first pass search of between 20m and 40m was
used with a minimum of 8 samples and a
maximum of 24 samples. The majority of blocks
were estimated in the first pass;

The remaining blocks were filled by increasing
the search range up to 160m and reducing the
minimum samples to 2;

Selective mining units were not modelled in the
Mineral Resource model. The block size used in
the model was based on drill sample spacing and
lode orientation;

The deposit mineralisation was constrained by
wireframes constructed using a 0.3g/t Au-off
grade. The wireframes were applied as hard
boundaries in the estimates;

For validation, trend analysis was completed by

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Criteria JORC Code explanation Commentary
comparing the interpolated blocks to the sample
composite data within strike intervals of 20m and
by 5m vertical intervals and on a global basis.
Moisture
Whether the tonnages are estimated on a
dry basis or with natural moisture, and the
method of determination of the moisture
content.

Tonnages and grades were estimated on a dry in
situ basis. No moisture values were reviewed.
Cut-off
parameters

The basis of the adopted cut-off grade(s)
or quality parameters applied.

The Mineral Resource has been reported at a
0.3g/t Au cut-off based on likely cut-off grades
determined for open pit mining.
Mining factors
or
assumptions

Assumptions made regarding possible
mining
methods,
minimum
mining
dimensions and internal (or, if applicable,
external) mining dilution. It is always
necessary as part of the process of
determining reasonable prospects for
eventual economic extraction to consider
potential
mining
methods,
but
the
assumptions made regarding mining
methods
and
parameters
when
estimating Mineral Resources may not
always be rigorous. Where this is the
case, this should be reported with an
explanation of the basis of the mining
assumptions made.

Based on the previous production history and the
shallow nature of the mineralisation, it is assumed
that open pit mining is possible at the project if
demonstrated to be economically viable to
construct a processing facility or as satellite feed
for an existing operation;

No mining parameters or modifying factors have
been applied to the Mineral Resource.
Metallurgical
factors
or
assumptions

The basis for assumptions or predictions
regarding metallurgical amenability. It is
always necessary as part of the process
of determining reasonable prospects for
eventual economic extraction to consider
potential metallurgical methods, but the
assumptions
regarding
metallurgical
treatment processes and parameters
made when reporting Mineral Resources
may not always be rigorous. Where this is
the case, this should be reported with an
explanation
of
the
basis
of
the
metallurgical assumptions made.

No metallurgical testing has been completed by
Genesis;

Results
from
the
previous
mining
have
demonstrated that good gold recovery can be
expected from conventional processing methods;

There is nothing to suggest that high gold
recoveries will not be achieved from the
remaining Mineral Resources.
Environmental
factors
or
assumptions

Assumptions made regarding possible
waste and process residue disposal
options. It is always necessary as part of
the process of determining reasonable
prospects
for
eventual
economic
extraction to consider the potential
environmental impacts of the mining and
processing operation. While at this stage
the
determination
of
potential
environmental impacts, particularly for a
greenfields project, may not always be
well advanced, the status of early
consideration
of
these
potential
environmental
impacts
should
be
reported. Where these aspects have not
been considered this should be reported
with an explanation of the environmental
assumptions made.

The area is not known to be environmentally
sensitive and there is no reason to think that
proposals
for
development
including
the
stockpiling of waste would not be approved;

The Kookynie area is already highly disturbed
with previous permitting granted for open pit
mining and processing;

The area surrounding the Kookynie deposits is
generally flat and uninhabited with no obvious
impediments to the construction of stockpiles and
other mine infrastructure.
Bulk density
Whether assumed or determined. If
assumed, the basis for the assumptions.
If determined, the method used, whether
wet or dry, the frequency of the
measurements, the nature, size and
representativeness of the samples.

The bulk density for bulk material must

Bulk density values were based on information
obtained from historic mining operations where
available, and from a bulk sample test by
previous operators;

A bulk density value of 2.4t/m3was applied to all
laterite mineralisation;

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Criteria JORC Code explanation Commentary
have been measured by methods that
adequately account for void spaces
(vugs, porosity, etc), moisture and
differences between rock and alteration
zones within the deposit.

Discuss assumptions for bulk density
estimates used in the evaluation process
of the different materials.
Classification
The basis for the classification of the
Mineral
Resources
into
varying
confidence categories.

Whether appropriate account has been
taken of all relevant factors (ie relative
confidence in tonnage/grade estimations,
reliability of input data, confidence in
continuity of geology and metal values,
quality, quantity and distribution of the
data).

Whether the result appropriately reflects
the Competent Person’s view of the
deposit.

Mineral Resources were classified in accordance
with the Australasian Code for the Reporting of
Exploration Results, Mineral Resources and Ore
Reserves (JORC, 2012). The Mineral Resources
were classified as Indicated and Inferred Mineral
Resource on the basis of data quality, sample
spacing, and lode continuity;

The Indicated portion of the mineral resource was
confined to the central portions of each of the
main zones of mineralisation and are supported
by close spaced drilling at 10-20m centres, and
displaying good continuity of grade. The
resource has been classified as Inferred at the
edges of most zones where drill spacing is
greater
than
20m
and
there
are
some
uncertainties on the orientation and continuity of
mineralisation.

The deposits have been reviewed by the
Competent Person and results reflect the view of
the Competent Person
Audits
or
reviews

The results of any audits or reviews of
Mineral Resource estimates.

A documented internal audit of the Mineral
Resource estimate was completed by the
consulting company responsible for the estimate.
Discussion of
relative
accuracy/
confidence

Where appropriate a statement of the
relative accuracy and confidence level in
the Mineral Resource estimate using an
approach
or
procedure
deemed
appropriate by the Competent Person.
For example, the application of statistical
or geostatistical procedures to quantify
the relative accuracy of the resource
within stated confidence limits, or, if such
an approach is not deemed appropriate,
a qualitative discussion of the factors that
could affect the relative accuracy and
confidence of the estimate.

The statement should specify whether it
relates to global or local estimates, and, if
local, state the relevant tonnages, which
should be relevant to technical and
economic
evaluation.
Documentation
should include assumptions made and
the procedures used.

These statements of relative accuracy
and confidence of the estimate should be
compared with production data, where
available.

The estimates for each deposit utilise good
estimation practices, high quality drilling data and
include observations and data from mining
operations. These deposits are considered to
have been estimated with a high level of
accuracy;

The data quality throughout the project is
reported to be good and the drill holes have
detailed logs produced by qualified geologists;

The Mineral Resource statement relates to global
estimates of tonnes and grade;

Previous open pit mining has been carried out at
Orient well laterite deposit. No mining has been
completed at Double J;

No reconciliation data has been located and only
global production records have been reviewed.

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Stockpiles

JORC Table 1 Section 1 Sampling Techniques and Data

Criteria JORC Code Explanation Commentary
Sampling
techniques

Nature and quality of sampling (eg cut
channels,
random
chips,
or
specific
specialised industry standard measurement
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc).
These examples should not be taken as
limiting the broad meaning of sampling.

Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any measurement
tools or systems used.

Aspects
of
the
determination
of
mineralisation that are Material to the Public
Report. In cases where ‘industry standard’
work has been done this would be relatively
simple (eg ‘reverse circulation drilling was
used to obtain 1 m samples from which 3 kg
was pulverised to produce a 30 g charge for
fire assay’). In other cases more explanation
may be required, such as where there is
coarse gold that has inherent sampling
problems.
Unusual
commodities
or
mineralisation
types
(eg
submarine
nodules) may warrant disclosure of detailed
information.

Butterfly stockpile Resource is based on 83
grab samples;

Puzzle stockpile resource is based on grade
control production records completed during
mining and supported by 55 grab samples
taken by Genesis.
Drilling
techniques

Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger,
Bangka, sonic, etc) and details (eg core
diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
what method, etc).

No drilling was completed.
Drill sample
recovery

Method of recording and assessing core
and chip sample recoveries and results
assessed.

Measures taken to maximise sample
recovery and ensure representative nature
of the samples.

Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential
loss/gain
of
fine/coarse
material.

No drilling was completed.
Logging
Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.

Whether
logging
is
qualitative
or
quantitative in nature. Core (or costean,
_channel, etc) photography. _

The material type and mineralisation style of
each grab sample was recorded.

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Criteria JORC Code Explanation Commentary

The total length and percentage of the
relevant intersections logged.
Sub-sampling
techniques
and sample
preparation

If core, whether cut or sawn and whether
quarter, half or all core taken.

If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.

For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.

Quality control procedures adopted for all
sub-sampling
stages
to
maximise
representivity of samples.

Measures taken to ensure that the sampling
is representative of the in situ material
collected, including for instance results for
field duplicate/second-half sampling.

Whether sample sizes are appropriate to the
grain size of the material being sampled.

Approximately 3kg of material was collected for
each grab sample;

Samples
were
assayed
at
the
Intertek
laboratory in Perth. Samples were dried and a
1kg split was pulverized to 80% passing 75
microns;

No QAQC samples were submitted in the
sampling sequence;

Sample sizes are considered appropriate to
correctly represent the gold mineralisation
based on: the style of mineralisation, the size of
the stockpile, the sampling methodology and
assay value ranges for Au.
Quality of
assay data
and
laboratory
tests

The nature, quality and appropriateness of
the assaying and laboratory procedures
used
and
whether
the
technique
is
considered partial or total.

For
geophysical
tools,
spectrometers,
handheld
XRF
instruments,
etc,
the
parameters
used
in
determining
the
analysis including instrument make and
model, reading times, calibrations factors
applied and their derivation, etc.

Nature
of
quality
control
procedures
adopted (eg standards, blanks, duplicates,
external laboratory checks) and whether
acceptable levels of accuracy (ie lack of
bias) andprecision have been established.

Au analysis was by fire assay and atomic
absorption spectrometry (AAS) finish at the
Intertek laboratory in Perth;

The analytical technique used approaches total
dissolution of gold in most circumstances.
Verification
of sampling
and assaying

The verification of significant intersections
by
either
independent
or
alternative
company personnel.

The use of twinned holes.

Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.

Discuss any adjustment to assay data.

Visual verification of stockpiles has been
carried out by the Competent Person.

Primary data documentation is electronic with
appropriate verification and validation;

Data is well organized and securely stored in a
database.
Location of
data points

Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral Resource
estimation.

Specification of the grid system used.

Quality and adequacy of topographic
control.

Sample locations were surveyed in MGA94
Zone 51 coordinates
Data spacing
and
distribution

Data spacing for reporting of Exploration
Results.

Whether the data spacing and distribution is
sufficient to establish the degree of
geological and grade continuity appropriate
for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications
applied.

Samples were collected across the entire pile
with the aim of collecting 1 sample per 1,000
tonnes of material.

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Criteria JORC Code Explanation Commentary

Whether sample compositing has been
applied.
Orientation of
data in
relation to
geological
structure

Whether
the
orientation
of
sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.

If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.

No orientation based sampling bias has been
completed.
Sample
security

The measures taken to ensure sample
security.

Genesis samples were carefully identified and
bagged on site for collection and transport by
commercial or laboratory transport.
Audits or
reviews

The results of any audits or reviews of
sampling techniques and data.

No audits or reviews of sampling techniques or
data has been completed.

All work was carried out by reputable
companies using industry standard methods.
JORC Table 1 Section 2 Reporting of Exploration Results
Criteria JORC Code explanation Commentary
Mineral
tenement and
land
tenure
status

Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint
ventures, partnerships, overriding royalties,
native
title
interests,
historical
sites,
wilderness
or
national
park
and
environmental settings.
The security of the tenure held at the time of
reporting along with any known impediments
to obtaining a license to operate in the area.

The Ulysses Gold Project is located over a
60km strike length of the Melita Greenstones on
granted mining and exploration licenses with
associated miscellaneous licenses;

The stockpiles are located on Mining lease
M40/110 and M40/164.

Mining Lease M40/110 expires 25 July 2032

Mining Lease M40/164 expires 8 Aug 2037

The tenements are in good standing.

Kookynie Project tenements are listed below.
E40/229 M40/101 P40/1272 E40/263 M40/107
P40/1300 E40/281 M40/110 P40/1301 E40/291
M40/117
P40/1302
E40/292
M40/120
P40/1303 E40/306 M40/136 P40/1427 E40/316
M40/137
P40/1428
E40/346
M40/148
P40/1433 E40/347 M40/151 P40/1434 E40/368
M40/163
P40/1435
E40/375
M40/164
P40/1436 E40/385 M40/174 P40/1437 E40/386
M40/192 P40/1438 G40/4 M40/196 P40/1439
G40/5
M40/2
P40/1440
G40/6
M40/20
P40/1441 G40/7 M40/209 P40/1442 L40/10
M40/26 P40/1444 L40/11 M40/288 P40/1445
L40/12 M40/289 P40/1446 L40/15 M40/290
P40/1447 L40/17 M40/291 P40/1454 L40/18
M40/292 M40/344 L40/19 M40/293 M40/345
L40/20 M40/3 M40/348 L40/21 M40/339
M40/56
L40/22
M40/340
M40/8
L40/27
M40/342 M40/94 L40/7 M40/343
Exploration
done by other
parties

Acknowledgment
and
appraisal
of
exploration by other parties.

Mining of Puzzle was completed my Melita
Mining and Consolidated Gold.

Mining of Butterfly was completed by Melita
Mining, Sons of Gwalia and Nex Minerals.
Geology
Deposit type, geological setting and style of
mineralisation.

The Ulysses Gold Project is located in the
central part of the Norseman-Wiluna belt of the
Eastern Goldfields terrane. Host rocks in the
region are primarily metasedimentary and
metavolcanic
lithologies
of
the
Melita
greenstones;

Gold
mineralisation
is
developed
within
structures
encompassing
a
range
of
orientations and deformation styles;

The Puzzle stockpile is predominantly oxidised

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Criteria JORC Code explanation Commentary
felsic material.

The Butterfly stockpiles are predominantly fresh
mafic material.
Drill
hole
information
A summary of all information material to the
under-standing of the exploration results
including a tabulation of the following
information for all Material drill holes:
easting and northing of the drill hole
collar
elevation or RL (Reduced Level –
elevation above sea level in metres) of
the drill hole collar
dip and azimuth of the hole
down hole length and interception depth
hole length
If the exclusion of this information is justified
on the basis that the information is not
Material and this exclusion does not detract
from the understanding of the report, the
Competent Person should clearly explain
_why this is the case. _

A number of grab samples were used to prepare
the Mineral Resource for Butterfly and Puzzle;

Spatial data was not available for the original
samples from the Puzzle stockpile however
detailed production records were located which
documented grade and tonnage of the material
on the stockpile;

The quantity of samples used to estimate each
resource is included in the body of this release;
Data
aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (e.g. cutting of
high grades) and cut-off grades are usually
Material and should be stated.
Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation should
be stated and some typical examples of such
aggregations should be shown in detail.

The assumptions used for any reporting of
metal equivalent values should be clearly
stated.

No data aggregation methods have been used;

No metal equivalent values have been used or
reported.
Relationship
between
mineralisation
widths
and
intercept
lengths
These
relationships
are
particularly
important in the reporting of Exploration
Results.

If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.
If it is not known and only the down hole
lengths are reported, there should be a clear
statement to this effect (e.g.’down hole
length, true width not known’).

There is no relationship to the assay results and
the geometry or location within the stockpile.
Diagrams Appropriate maps and sections (with scales)
and tabulations of intercepts should be
included for any significant discovery being
reported. These should include, but not be
limited to a plan view of drill hole collar
_locations and appropriate sectional views. _

Plans of the hole locations for resources are
provided in the report.
Balanced
Reporting
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.

Representative reporting of both low and high
grades and widths is practiced.
Other
substantive
exploration
data
Other exploration data, if meaningful and
material, should be reported including (but
not limited to): geological observations;
geophysical survey results; geochemical
survey results; bulk samples - size and
method of treatment; metallurgical test
results;
bulk
density,
groundwater,
geotechnical
and
rock
characteristics;
potential
deleterious
or
contaminating

There is no other relevant exploration data.

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Criteria JORC Code explanation Commentary
substances.
Further work
The nature and scale of planned further
work (e.g. tests for lateral extensions or
depth extensions or large- scale step-out
drilling).

Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
_commercially sensitive. _

Further sampling of the stockpile will be
completed to better determine the stockpile
grade.

JORC Table 1 Section 3 Estimation and Reporting of Mineral Resources

Criteria JORC Code explanation Commentary
Database
integrity

Measures taken to ensure that data has
not been corrupted by, for example,
transcription or keying errors, between its
initial collection and its use for Mineral
Resource estimation purposes.

Data validation procedures used.

Assay data was captured electronically to prevent
transcription errors;

Validation included comparison of gold results to
logged rock type and mineralisation intensity;
Site visits
Comment on any site visits undertaken by
the Competent Person and the outcome
of those visits.

If no site visits have been undertaken
indicate why this is the case.

A site visit was undertaken by the Competent
Person in 2021 to verify the extent of mining
operations, locate drill collars from previous
drilling, review drilling operations and to confirm
that no obvious impediments to future project
exploration or development were present.
Geological
interpretation

Confidence
in
(or
conversely,
the
uncertainty
of)
the
geological
interpretation of the mineral deposit.

Nature of the data used and of any
assumptions made.

The
effect,
if
any,
of
alternative
interpretations on Mineral Resource
estimation.

The use of geology in guiding and
controlling Mineral Resource estimation.

The factors affecting continuity both of
grade and geology.

Mining in the Leonora district has occurred since
1800’s providing significant confidence in the
currently geological interpretation across all
projects.

No alternative interpretations are currently
considered viable.

Low-grade stockpiles are derived from previous
mining of the mineralisation styles typical of the
region.
Dimensions
The extent and variability of the Mineral
Resource expressed as length (along
strike or otherwise), plan width, and depth
below surface to the upper and lower
limits of the Mineral Resource.

The Puzzle stockpile mineral resource area
extends over a 200m strike length, width of 150
and height of 15m;

The Butterfly stockpiles mineral resource area
are made from 5 separate piles of various
dimensions;
Estimation
and modelling
techniques

The nature and appropriateness of the
estimation technique(s) applied and key
assumptions,
including
treatment
of
extreme
grade
values,
domaining,
interpolation parameters and maximum
distance of extrapolation from data
points. If a computer assisted estimation
method was chosen include a description
of computer software and parameters
used.

The availability of check estimates,
previous
estimates
and/or
mine
production records and whether the
Mineral
Resource
estimate
takes
appropriate account of such data.

The
assumptions
made
regarding
recovery of by-products.

Estimation of deleterious elements or
other non-grade variables of economic
significance (eg sulphur for acid mine

The Puzzle stockpile grade and volume was
estimated from production records in the 1990’s.

The grade was supported by recent grab samples
taken by Genesis

The Butterfly stockpile volume was determined
from on ground dimensions with a bulk density of
1.8t/m3applied to determine tonnes.

The grade was determined from recent grab
samples taken by Genesis.

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Genesis Minerals Limited

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Criteria JORC Code explanation Commentary
drainage characterisation).

In the case of block model interpolation,
the block size in relation to the average
sample
spacing
and
the
search
employed.

Any assumptions behind modelling of
selective mining units.

Any
assumptions
about
correlation
between variables.

Description
of
how
the
geological
interpretation was used to control the
resource estimates.

Discussion of basis for using or not using
grade cutting or capping.

The process of validation, the checking
process used, the comparison of model
data to drill hole data, and use of
_reconciliation data ifavailable. _
Moisture
Whether the tonnages are estimated on a
dry basis or with natural moisture, and the
method of determination of the moisture
content.

Tonnages and grades were estimated on a dry in
situ basis. No moisture values were reviewed.
Cut-off
parameters

The basis of the adopted cut-off grade(s)
_or quality parameters applied. _

No cut-off has been applied
Mining factors
or
assumptions

Assumptions made regarding possible
mining
methods,
minimum
mining
dimensions and internal (or, if applicable,
external) mining dilution. It is always
necessary as part of the process of
determining reasonable prospects for
eventual economic extraction to consider
potential
mining
methods,
but
the
assumptions made regarding mining
methods
and
parameters
when
estimating Mineral Resources may not
always be rigorous. Where this is the
case, this should be reported with an
explanation of the basis of the mining
assumptions made.

No mining parameters or modifying factors have
been applied to the Mineral Resource.
Metallurgical
factors
or
assumptions

The basis for assumptions or predictions
regarding metallurgical amenability. It is
always necessary as part of the process
of determining reasonable prospects for
eventual economic extraction to consider
potential metallurgical methods, but the
assumptions
regarding
metallurgical
treatment processes and parameters
made when reporting Mineral Resources
may not always be rigorous. Where this is
the case, this should be reported with an
explanation
of
the
basis
of
the
metallurgical assumptions made.

Extensive metallurgical test work has been
undertaken by Genesis and previous operators at
the project and has been reviewed;

Production and processing records from previous
operation indicated that the ore from both
Butterfly and Puzzle is amenable to conventional
cyanide leaching

There is nothing to suggest that high gold
recoveries will not be achieved from the
stockpiles.
Environmental
factors
or
assumptions

Assumptions made regarding possible
waste and process residue disposal
options. It is always necessary as part of
the process of determining reasonable
prospects
for
eventual
economic
extraction to consider the potential
environmental impacts of the mining and
processing operation. While at this stage
the
determination
of
potential
environmental impacts, particularly for a
greenfields project, may not always be
well advanced, the status of early
consideration
of
these
_potential _

The area is not known to be environmentally
sensitive and there is no reason to think that
proposals
for
development
including
the
stockpiling of waste would not be approved;

The project area is already highly disturbed with
previous permitting granted for open pit mining
and processing;

ASX Release: Ulysses Mineral Resource Increases to 1.6 Million Ounces Following Continued Drilling Success

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Genesis Minerals Limited

29 March 2021

Criteria JORC Code explanation Commentary
environmental
impacts
should
be
reported. Where these aspects have not
been considered this should be reported
with an explanation of the environmental
assumptions made.
Bulk density
Whether assumed or determined. If
assumed, the basis for the assumptions.
If determined, the method used, whether
wet or dry, the frequency of the
measurements, the nature, size and
representativeness of the samples.

The bulk density for bulk material must
have been measured by methods that
adequately account for void spaces
(vugs, porosity, etc), moisture and
differences between rock and alteration
zones within the deposit.

Discuss assumptions for bulk density
estimates used in the evaluation process
of the different materials.

The bulk density value was based on value of
coarse broken mafic rock in the AusIMM Field
Geologists Manual;

Bulk density value of 1.8t/m3, was applied to the
Butterfly stockpile volume;
Classification
The basis for the classification of the
Mineral
Resources
into
varying
confidence categories.

Whether appropriate account has been
taken of all relevant factors (ie relative
confidence in tonnage/grade estimations,
reliability of input data, confidence in
continuity of geology and metal values,
quality, quantity and distribution of the
data).

Whether the result appropriately reflects
the Competent Person’s view of the
deposit.

Mineral Resources were classified in accordance
with the Australasian Code for the Reporting of
Exploration Results, Mineral Resources and Ore
Reserves (JORC, 2012). The Mineral Resources
were classified as Indicated and Inferred Mineral
Resource on the basis of data quality, sample
spacing;

The Puzzle stockpile has been classified as
Indicated Mineral Resource due to the good
record keeping in the monthly reports and grade
being supported by recent sampling.

The Butterfly stockpile has been classified as
Inferred
Mineral
Resource
due
to
the
uncertainties of the grab sample grades being
representative of the entire stockpile.

The stockpiles have been reviewed by the
Competent Person and results reflect the view of
the Competent Person
Audits
or
reviews

The results of any audits or reviews of
Mineral Resource estimates.

Resource estimates are peer reviewed by the
Genesis technical team.

No external reviews have been undertaken.
Discussion of
relative
accuracy/
confidence

Where appropriate a statement of the
relative accuracy and confidence level in
the Mineral Resource estimate using an
approach
or
procedure
deemed
appropriate by the Competent Person.
For example, the application of statistical
or geostatistical procedures to quantify
the relative accuracy of the resource
within stated confidence limits, or, if such
an approach is not deemed appropriate,
a qualitative discussion of the factors that
could affect the relative accuracy and
confidence of the estimate.

The statement should specify whether it
relates to global or local estimates, and, if
local, state the relevant tonnages, which
should be relevant to technical and
economic
evaluation.
Documentation
should include assumptions made and
the procedures used.

These statements of relative accuracy
and confidence of the estimate should be
compared with production data, where
available.

The estimates for each deposit utilise good
estimation practices, quality data and include
observations and data from mining operations.
and are considered to have been estimated with
a good level of accuracy;

Previous open pit mining has been carried out at
Butterfly and Puzzle deposits. Minor historic
underground workings are also present at each
of the deposits;

No reconciliation data has been located and only
global production records have been reviewed.

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