GENESIS RESOURCES LIMITED — AGM Information 2023

Nov 22, 2023

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ASX: GES

Exploration Update GES AGM Nov 23 2023 James Patterson Director, Exploration Manager

Genesis Resources 2023 Exploration Highlights

• Initial Drilling Campaigns completed at both Arltunga and Alice Springs Tenements

• Nine hole RC Program (898m) at Arltunga returned results including:

• 6m @ 3.03 g/t Au from 30m in hole ARRC007 &

• 2m @ 7.42 g/t Au & 0.51 % Cu from 24m in ARRC008

• • Seventeen Hole RC Program (148m) at Alice Springs returned results including: • 5m @ 1.02% Cu & 0.26 g/t Au from 25m in ASRC001

• • Rock chips collected at un-drilled Quarry Prospect on the McArthur River tenement returned up to 86.1% Mn.

Old Shaft at Round Hill – Arltunga Tenement

RC Drilling July 2023 – Alice Springs Tenement

Genesis Resources 2023 Project Locations

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Arltunga Tenement

9 RC Holes for 898m drilled on 2 prospects: Wipeout and Round Hill. Targets were mainly old workings and some geochem anomalies.

Arltunga EL 25238. RC Drilling Results Nov 2023 Cut-Off Grade is 0.4% Au

Hole ID	Prospect	Interval	From	To	Aug/t	Cu %
ARRC001	Wipeout NE	No Significant Results
ARRC002	Wipeout	No Significant Results
ARRC003	Wipeout	No Significant Results
ARRC004	Wipeout	No Significant Results
ARRC005	Round Hill	1	62	63	1.7
ARRC006	Round Hill	No Significant Results
ARRC007	Round Hill	1	22	23	0.47
		6	30	36	3.03
	including	1	31	32	11.72
		1	43	44	2.28
ARRC008	Round Hill	2	24	26	7.42	0.51

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Arltunga. Round Hill Plan
View Quartz-
Au in Drill Holes with Interpreted Feldspar
Geology Schist
N
6m @ 3.03 g/t Au
from 30m Quartz-
Biotite
Gneiss
Shaft
2m @ 7.42 g/t Au,
0.51% Cu from 24m
Old Costeans
Old COld C ost eanseans
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Au in Drill Holes with Interpreted Geology. Looking NNE

Arltunga. Round Hill Section

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Shaft
6m @ 3.03 g/t Au
from 30m
Quartz-
Quartz-
Feldspar
Biotite
Schist
Gneiss
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Arltunga Plan View
Prospects and Au in rocks overlying Tenement Boundary
Magnetics TMI RTP
27 g/t Au Rock
Wipeout. 5
holes drilled
recently. NSR
Jenkin’s Mine. 24 g/t Au Rock
Interpreted
Produced 252T of
Intrusives
ore @ 34.7 g/t Au
Quartz Scree
Round Hill. Rocks up
to 29 g/t Au. Recent Chinaman’s
drilling incl 6m @ 3.03 Workings. Rocks
g/t Au over 20 g/t Au
N
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Alice Springs Tenement

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17 RC Holes for 1448m drilled on 4 prospects: Wipeout and Round Hill Targets were old workings and EM anomalies.

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Alice Springs Tenement (NT). Prospects and Holes Drilled (Black Collars) & Airborne EM

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Alice Springs Tenement (NT)

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Alice Springs Tenement (NT). Diana 8 Prospect. Section Looking NE

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5m @ 1.02% Cu,
0.26 g/t Au from
25m
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Alice Springs Tenement (NT). Prospects overlying Airborne Magnetics TMI RTP

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Mapped Gabbro.
Cu in rocks up to
15.8% Cu
Diana 8 5m @
1.02% Cu, 0.26 g/t
Au from 25m. Open
to the East
Discrete Mag High to
the South of Diana 8.
Rocks up to 28% Cu &
2.8 g/t Au
Magnetic Highs
within mapped
Disha Brown Prospect
meta-sediments
to North of Mag High.
Rocks up to 12.6% Cu
Magnetic Highs to
West of drilled
prospects
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Magnetic Highs
within mapped
meta-sediments
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McArthur River Tenement (NT) Quarry Prospect. Rocks collected in 2023 up to 86.1% Mn This area has not been tested by drilling.

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Plavica Project (North Macedonia) Porphyry Potential

• Potential at depth for a Porphyry Cu-Au - Mo system. Many High-Sulphidation Epithermal Systems sit above underlying Porphyry Systems eg Lepanto / Far SE, Tujuh Bukit and Bor.

• Higher temperature chalcopyrite and magnetite veins have been observed at Plavica at depth suggesting a fluid of porphyry origin.

• Porphyry indicator / pathfinder elements such as Mo, Bi, Sn, W and Se are all elevated at Plavica.

• Fluid Inclusion Homogenisation Temp at 400m depth of 420[0] C cf 200-330[0] C for high-sulphidation part.

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1.0 g/t
0.4 g/t Au grade shell
Au grade
shell
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Magnetite Veins in
Drill Core
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PNDD023: 119m @ 0.51
g/t Au, 0.42 % Cu, 541
ppm Mo from 236m
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Section 7597100E, GaussKruger Co-ordinates, looking East. Cu grades in drill trace, Mo grades on LHS of drill trace

Genesis Resources. Conclusions and further work required

• ❖ The completion and reporting of the ongoing environmental studies is the last required submission for the Application of Mining Approval at Plavica. GES has also submitted the notification of intention to implement a ‘project’ at Plavica.

• ❖ Despite the small amount of drilling completed at both Arltunga and Alice Springs, both initial RC programs have returned promising intercepts. Further work is now required in evaluating other prospects on these tenements before follow up drilling. These include Camp Hill at Alice springs which has Cu grades of 15% in rock chips and multiple prospects at Arltunga that have +20 g/t Au in rock chips.

• ❖ The zones at Round Hill at Arltunga and Diana 8 at Alice Springs are both open along strike and down dip and require follow up drilling.

• ❖ Pegmatites have been described in old reports on both these Central Australian tenements and these should be investigated for lithium potential.

• ❖ Follow up reconnaissance mapping should be undertaken around the newly discovered high grade manganese occurrences at McArthur River.

• ❖ A number of targets should be drilled at Pioneer in SE Qld particularly within a quartzfeldspar porphyry that intrudes the main diorite. This Intrusion Related Gold System (IRGS) similar to Ravenswood, has a number of old shafts and workings with multiple rocks over 20 g/t Au. Previous drilling by the Qld Govt (5 holes on only one target) in the 1970’s returned 1.8m @ 4,01 g/t Au.

• ❖ There is excellent potential for an underlying Cu-Au-Mo Porphyry deposit at Plavica. Geophysics such as IP targeting deeper areas could be undertaken to help define targets prior to drilling.

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