GENESIS RESOURCES LIMITED — AGM Information 2013

Nov 24, 2013

Geological Presentation by James Patterson, Exploration Manager, Macedonia Annual General Meeting 25 November 2013

DISCLAIMER

 All persons should seek appropriate professional investment advice in reviewing or considering this presentation and all other information with respect to Genesis Resources Limited ( Genesis or the Company ), its business, financial performance and operations. Neither the provision of this presentation nor the information contained therein, or any associated communication to any person should be taken as constituting financial advice regarding the purchase or dealing of shares in Genesis. This presentation does not purport to provide all information that might reasonably be required to complete a detailed assessment of Genesis. Individuals should conduct their own investigation of investment and financial parameters relevant to their personal requirements for investment purposes.



The presentation may contain forward looking statements regarding the intentions of the Company, and these will be affected by movements in share markets, commodity prices and many other factors beyond the control of the Company. Forward-looking statements include, but are not limited to, statements concerning Genesis’s planned exploration programs and other statements that are not historical facts. Although Genesis believes that its expectations reflected in these forwardlooking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements



The presentation must be considered in the light of these uncertainties and investments in Genesis should be considered as speculative in nature. The presentation is not a prospectus or similar disclosure document and does not constitute an invitation to apply for shares.

 Statements relating to potential quantity and grades of exploration targets in this presentation are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain whether further exploration will result in the determination of a Mineral Resource.

COMPETENT PERSON

 The information in this report that relates to exploration activity and results was compiled by Mr James Patterson who is a Permanent Employee of Genesis Resources and is a Member of the Australasian Institute of Geoscientists. Mr Patterson has sufficient experience relevant to the styles of mineralisation and to the activities which are being reported to qualify as a Competent Person as defined by the JORC Code, 2004. Mr Patterson consents to the release of the information compiled in this report in the form and context in which it appears.

Plavica High Sulphidation Epithermal Gold (+ Ag + Cu) Project Update November 2013 Enargite - Pyrite James Patterson, Exploration Manager, Macedonia.

Laminated Ash Tuffs

Plavica Project November 2013

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13 Soil Anomalies 68 Rocks Collected

Stroimanci Silica ledges and breccia 5 holes drilled

Borovic. Large Alteration System. 4 holes drilled.

Plavica Resource Drill Out with 3 Rigs. 97 RC and 49 DD Holes FFS nearing completion

Pleshinci

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Native sulphur and Silica ledges 2 holes drilled

Zarapinci. 24 Streams and 36 rocks completed 3 holes drilled

Kitka Alteration zone 1 hole drilled

2013 Drilling.

RC 96 Holes for 18,376m @ USD $66/m = $1.21M DD 51 Holes for 17,870m @ USD $137/m = $2.49M Total for drilling and assays = USD $4.8M approx.

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RC Surveys
Forecast.
No drillers Achieved with
only 1 rig
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Plavica Development. State Holes 1980’s. Vertical, unreliable Au assays

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ZB81, ZB80, ZB64
No Significant Results
Outline of Main
Ore Body
ZB65: 20m @
1.2 from 100m
ZB68: 10m @
0.4 from 10m
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Plavica Project Nov 2013 Old State assays

State Assays

1 g/t Au 0.7 to 1 g/t Au 0.5 to 0.7 g/t Au 0.3 to 0.5 g/t Au 0.1 to 0.3 g/t Au < 0.1 g/t Au Rio Tinto check Assays

Plavica Development: Rio Tinto, 1998, 4 Core Holes

PLV002: 19m @ 0.6 g/t Au from 29m and 70m @ 1.2 g/t Au from 80m uncut

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Plavica Development: EMC 2002, 5 Core Holes

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PLV007: Not
assayed
PLV005: 13m @ 0.5 g/t Au
from 12m
21m @ 1.1 g/t Au from 67m
7m @ 1.0 g/t Au from 98m
32m @ 1.1 g/t Au from 140m
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Plavica Devolpment: Genesis 2011: 13 Core Holes

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PLV0011: 189m @ 0.6 g/t Au PLV0019: 84m @ 0.8 g/t Au
from 137m uncut from 18m uncut
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Plavica Development: Genesis 2012: 3 DD, 23 RC Holes, many with Azi 150

DDP006: 7m @ 2.64 g/t Au from 190m 3m @ 26.40 g/t Au from 205m 5m @ 22.15 g/t Au from 214m (incl. 1m @ 76.5 g/t Au from 214m)

Plavica Development: Genesis 2013: 26 DD, 88 RC Holes (to Nov 2013)

New Zone. Deep. High in Ag and PNDD031: 22m @ 2.71 g/t base metals Au from 127m PNDD013: 12m @ 1.35 g/t Au from 40m 38m @ 1.07 g/t Au from 80m PNDD017: 9m @ 1.47 g/t Au from 148m 18m @ 1.71 g/t Au from 210m 15m @ 1.87 from 179m 17m @ 1.19 from 304m

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Maricanski Rid
PNRC068
Awaiting More
Assays
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Plavica Development: Genesis 2013: Results Pending (orange collars)

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Landowner issues
Currently Drilling.
Testing Au zone
from previous
State Drilling
Maricanski Rid
Awaiting More
Assays
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Plavica. Increased understanding of controls on Mineralisation

Laminated Ash Tuff PNDD005

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Diatreme Breccias PNDD026

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Plavica
Old U / G Workings
Old Surface Workings
Hole drilled 2013 Results Received
Hole drilled, results pending
Hole drilled, results reported 04.10.2013
2013 Planned Hole
PLV004
Old Hole Rio Tinto
Maricanski Rid
Vuggy Silica
Andesite
Fault
Creek
Section 7300E
Section 7400E
Section 7000E
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PNDD004: 46m @ 0.97 g/t Au from
Section 7400E
0m, 31m @ 1.58 g/t Au from 50m
PNRC003
PNRC006
PNRC007
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1 g/t Au 0.7 to 1 g/t Au Section 7400E 0.4 to 0.7 g/t Au PNRC003 0.2 to 0.4 g/t Au < 0.2 g/t Au >1 % Cu 0.5 to 1 % Cu 0.3 to 0.5% Cu < 0.3 % Cu

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PNRC003: 44m @ 2.67 g/t Au from 0m,

PNRC007: 20m @ 1.66 g/t Au from 187m

N

Currently drill testing

S

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1 g/t Au
0.7 to 1 g/t Au Section 7300E
0.4 to 0.7 g/t Au
0.2 to 0.4 g/t Au
< 0.2 g/t Au
>1 % Cu
0.5 to 1 % Cu
0.3 to 0.5% Cu
< 0.3 % Cu
PNRC001A: 38m @
2.07 g/t Au, from 0m,
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PNRC001A
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PNDD005: 21m @ 1.51 g/t Au from 58m,
22m @ 1.16 g/t Au from 152m
25m @ 0.72 g/t Au from 179m
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PNRC012: 31m @ 1.69 g/t Au, 16 g/t Ag, 0.36 % Cu from 172m

N

S

N

1 g/t Au 0.7 to 1 g/t Au 0.4 to 0.7 g/t Au 0.2 to 0.4 g/t Au < 0.2 g/t Au >1 % Cu 0.5 to 1 % Cu 0.3 to 0.5% Cu < 0.3 % Cu

Section 7000E

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PNRC086: Results Pending

PNRC064: Terminated in bad ground. To be re-drilled.

PNDD013: 15m @ 1.17 g/t Au, 0.32 % Cu from 37m, 38m @ 1.02 g/t Au, 0.44% Cu from 80m, 18m @ 1.71 g/t Au, 0.46% Cu from 210m

S

Maricanski Rid First RC Hole

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PNRC069: Results PNRC068: 46m @ 1.59
Pending g/t Au from 29m
State Hole S001: Rio
Rio Tinto PLV4: 101m @
Tinto Re-assays: 53.5m
0.7 g/t Au (un-cut)
@ 0.75 g/t Au
> 1 g/t Au
0.7 to 1 g/t Au
0.4 to 0.7 g/t Au
0.2 to 0.4 g/t Au
< 0.2 g/t Au
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Gold. Gram-metres in Drilling. Nov 2013.

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Outline of Main
Ore Body
Maricanski Rid
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Copper. Percent-metres in Drilling. Nov 2013.

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High Cu Area
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Silver. Gram-metres in Drilling. Nov 2013.

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Outline of Main
Ore Body
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Lead + Zinc. Percent-Metres in Drilling. Nov 2013.

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High Pb, Zn, Ag
Zone
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Plavica Project November 2013 Opportunities – Porphyry Potential

• Many HS Epithermal Systems are associated with underlying Porphyries

• • Examples: Lepanto (Philippines, below), Tujuh Bukit (Indonesia), Bor (Serbia)

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Plavica Project November 2013 Porphyry Potential? – Magnetite veins

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MRDD005: Sheeted veins

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Copper. Percent-metres in Drilling. Nov 2013.

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High Cu Area
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Molybdenum. PPM-metres in Drilling. Nov 2013.

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High Moly Zone.
Corresponds with Cu.
Porphyry at Depth?
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Bismuth. PPM-metres in Drilling. Nov 2013.

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Bismuthinite? High S Ep?
High Bismuth. Corresponds
with Cu / Mo. Porphyry at
Depth?
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FFS Progress.

Study	October	October	**November **	**November **	December	December	January	January	February	February	March	March
Geomechanics
Hydrogeology
Ore Mineralogy
Environmental
Geotechnical
Oxide Metallurgy
Sulphide Metallurgy
Geology
Block Modelling
Land Use Survey
Elaborate
MiningPreFeasibility
Dust Monitors	Piezometer								Free Au in Quartz- Limonite matrix

PNDD004: 24.7m. Oxide Ore

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Limonite
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Goethite
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Quartz
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PNDD002: 97.5m. Primary Ore

Enargite

Gold

Pyrite

PNDD002: 411.4m. Primary Ore

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Galena
Gold
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Regional Drilling

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Stroimanci

Large alteration Area = Orange Colour 1 km grid

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Stroimanci

Diatreme Breccia Similar to Plavica

Red coloured creek due to presence of abundant sulphides

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Stroimanci STD002

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Pleshinci

Native sulphur along Major creek. 2 silica ledges discovered on recent field visit

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Pleshinci

2 Holes drilled. Abundant Si-Cy-Lim Alteration Results pending.

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Silica Cap along ridge

Zarapinci 3 Holes Drilled Limonitic (after sulphides) breccia

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2014 Plan Moving Forward

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• Submit FFS

• Earn 62% and get Plavica Exploitation Licence

• Extend 5 other Exploration Licences by 2 years

• • Extend Plavica Tenement to East

• Re-do Inferred Resource using 2013 results

• • Drill Out Plavica Resource to 50m X 50m

• • Extend Plavica Resource

• Further drilling at Maricanski Rid

• • New office and coreshed in Probistip after April

• • Large geophysical (IP) and geochemical surveys over southern and western tenements. Follow up drilling.

• • Tender for other areas

• Start work on Mining Study for Mak Govt.

• • Employ Mining Engineer

• • PFS / BFS

2014 Further Work

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Hill to SE
Untested
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Lehovo, SW Bulgaria

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0.7m @ 17.35 g/t
Au & 23.0 g/t Ag
from 190m
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2014 Proposed Budget incl wages = USD $7.4M

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||||||
|---|---|---|---|---|
|Unit|
|Item|Units|Cost|Cost USD|
|Plavica Infill DD Drilling|(m)|14,000|140|1,960,000|
|Plavica Infill RC Drilling|(m)|10,000|66|660,000|
|Maricanski Rid DD Drilling|(m)|7,500|140|1,050,000|
|Regional Drilling|(m)|5,000|100|500,000|
|Assays|36,500|30|1,095,000|
|Geophysics (IP)|100,000|
|Geochemistry|4,000|30|120,000|
|Earthworks|300,000|
|Transport|15|3,000|45,000|
|Customs|4|25,000|100,000|
|Diesel (per week)|32|10,000|320,000|
|Total|6,250,000|

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-ENDS-

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