GENMIN LIMITED — Capital/Financing Update 2024

Feb 6, 2024

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ASX Announcement.

7 February 2024

NOT FOR RELEASE TO U.S. WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES

Revised timetable for Prospectus

Genmin Limited ( Genmin or Company ) (ASX: GEN) wishes to provide a revised timetable for the prospectus lodged with ASIC on 7 February 2024 and released to the ASX on the same date ( Prospectus ).

Table 1: Indicative Offer Timetable

Indicative Timetable	Date
Announcement of Offers and Placement(ASX suspension continues)Lodgement of Prospectus with ASIC and ASXTranche 1 Placement Option Offer, Tranche 2 Placement OptionOffer and Shortfall Option Offer open	Wednesday, 7 February 2024
“Ex” date	Monday, 12 February 2024
Settlement date for New Shares under the Tranche 1 Placement	Tuesday, 13 February 2024
Record Date for the Entitlement Offer	4.00pm AWST on Tuesday, 13 February 2024
Allotment and issue of New Shares under the Tranche 1PlacementDispatch of notice of extraordinary general meeting	Wednesday, 14 February 2024
Entitlement Offer and JLM Offer open	Friday, 16 February 2024
Entitlement Offer, Tranche 1 Placement Option Offer, Tranche 2Placement Option Offer and JLM Offer close	5:00pm AWST on Tuesday, 12 March 2024
Announcement of results of Entitlement Offer and notification ofany ShortfallAnticipated date for extraordinary general meeting	Thursday, 14 March 2024
Settlement date for New Shares under the Tranche 2Placement, New Options under the Tranche 1 Placement OptionOffer, New Options under the Tranche 2 Placement Option Offer,New Shares and New Options under the Entitlement Offer andNew Options under the JLM Offer	Monday, 18 March 2024
Allotment and issue of New Shares under the Tranche 2Placement, New Options under the Tranche 1 Placement OptionOffer, New Options under the Tranche 2 Placement Option Offer,New Shares and New Options under the Entitlement Offer andNew Options under the JLM Offer	Tuesday, 19 March 2024

GENMIN LIMITED | ASX: GEN | ACN 141 425 292

London House, Suite 3, Level 8, 216 St Georges Terrace, Perth WA 6000 +61 8 9200 5812 | admin@genmingroup.com | genmingroup.com

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ASX Announcement.

Indicative Timetable	Date
Expected lifting of suspension of Shares1
Quotation of New Shares on ASX
Expected despatch of holding statements for New Securities	Thursday, 21 March 2024
Shortfall Offer closes2	Wednesday, 12 June 2024

Notes:

1. The Timetable is indicative only.

2. The Company, in consultation with the Joint Lead Managers, reserves the right, subject to the Corporations Act and the ASX Listing Rules, to vary these dates without prior notice, including to extend the Closing Date, or to accept late Applications, or to delay or withdraw the Offers (or any part of the Offers). If withdrawn, all Application Monies for New Securities which have not been issued will be refunded (without interest) within the time prescribed under the Corporations Act.

3. The issue of New Shares under the Tranche 2 Placement, the issue of New Options under the Tranche 1 Placement Option Offer and Tranche 2 Placement Option Offer and the issue of New Options under the JLM Offer are subject to Shareholder approval at the General Meeting.

4. Capitalised terms have the meaning given in the Prospectus.

Disclaimer

This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.

This announcement has been authorised by the Managing Director & CEO of Genmin Limited.

1 The Company has requested that the ASX lifts the voluntary suspension of trading in its Shares immediately following allotment of the New Options under the Tranche 1 Placement Option Offer, New Securities under the Tranche 2 Placement and the Entitlement Offer (which is expected to occur on or about 19 March 2024). The lifting of the voluntary suspension is subject to ASX’s discretion and the satisfaction of any reinstatement conditions that may be imposed by ASX. Accordingly, the Company will remain in voluntary suspension until any such conditions are satisfied. The Company will keep Shareholders informed of its suspension and proposed reinstatement to trading (including any material conditions to reinstatement imposed by ASX). 2 The Shortfall Offer may close at such earlier date as the Directors determine in their absolute discretion.

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ASX Announcement.

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For further information please contact:

Joe Ariti	Marnie Yazmadjian	Follow GEN
Managing Director & CEO	Executive Assistant to MD & CEO
GENMIN Limited	GENMIN Limited
+61 8 9200 5812	+61 405 905 703
ir@genmingroup.com	ir@genmingroup.com

About Genmin

Genmin Limited (ASX: GEN) is an ASX-listed emerging African iron ore producer with a pipeline of projects in the Republic of Gabon, west Central Africa. The Company has 100% interests in three projects comprising one granted exploitation (mining) licence and six granted exploration licences covering approximately 5,064km[2] .

Genmin’s flagship Baniaka, and nearby Bakoumba iron ore projects are in south-east Gabon and provide an emerging iron ore hub near the Haut-Ogooué provincial capital city of Franceville. The hub is favourably situated adjacent to existing and operating bulk commodity transport and renewable energy infrastructure, to which Baniaka has secured long-term access for commercial operations.

Baniaka has defined JORC Mineral Resources and Ore Reserves, and significant resource upside. It has received environmental approval (Certificate of Environmental Conformance) and has been issued a large-scale, 20-year mining permit. The mining permit in conjunction with the Certificate of Environmental Conformance provides regulatory approval for Genmin to build and operate Baniaka, which will be Gabon’s first iron ore mine.

The Company proposes to develop Baniaka at an initial rate of 5Mtpa and aspires to increase scale over time to more than 20Mtpa. Commencement of commercial production is targeted for mid-2025 with project build financing the next milestone to be achieved. Genmin is engaged in discussions with several potential financing partners.

Genmin has additional exploration tenure prospective for polymetallic mineralisation at its Bitam project in the north-west of Gabon located near the Woleu-Ntem provincial capital of Oyem.

Confirmation

The Production Targets for Baniaka were presented in an announcement released on 16 November 2022 “Positive Baniaka PFS” and is available to view at www.genmingroup.com/investors/asx-announcements. Genmin confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement for Baniaka and that all material assumptions and technical parameters underpinning the estimated Production Targets in the relevant market announcement for Baniaka continue to apply and have not materially changed.

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ASX Announcement.

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