November 2009 AGM

Corporate OverviewCorporate Overview

• ASX Listed (Code: GMD)• High calibre Board experienced in copper/gold operations i f i j i di tiin foreign jurisdictions– Michael Fowler Managing Director– Michael Haynes Chairman– Michael Haynes Chairman– Graeme Smith Non Executive Director

• Capital Structurep– Issued Capital 30.4 million ordinary shares

9.75 million options– Top 20 Shareholders 60%– Market Capitalisation ~ $2.5  to 3.0million

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2008/09 Summary2008/09 Summary

• Completed  initial drilling programs at Merceditas • Inferred Resource estimated• Sourcing of JV partners and investors for Merceditas• Looked at toll treatment opportunities• Reviewed numerous copper and gold assets in Latin America for potential acquisition

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Key AssetsKey Assets

• Option to acquire Merceditas Copper Project in Chile.• Small but well experienced team of resource professionals 

i d i l ti t d d dexperienced in exploration, open cut and underground mining operations.

• Experience in Chilean Base and Precious Metal Projects• Experience in Chilean Base and Precious Metal Projects.• Tight Capital Structure. Lo al Shareholder Base• Loyal Shareholder Base.Primary objective has been to discover and/or acquire commercially 

significant mineral deposits that can be readily brought into productionsignificant mineral deposits that can be readily brought into production

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Merceditas ProjectMerceditas Project

• Located 1,000 kms north of Santiago• Option to acquire 100% by payment of 

US$6 million over 36 months commencing January 2010commencing January 2010

• Close to established and reliable infrastructure (port, power & sealed 

d )roads)• Low Elevation ~1,300 metres• Copper Oxide Resource of 12 0 Mt @• Copper Oxide Resource of 12.0 Mt @ 

0.55% Cu using 0.5% cutoff for 66,600 Cu tonnesSi ifi l i id• Significant exploration upside

Initial Copper Oxide Resource identified with excellent exploration 

5upside .  

MerceditasMerceditas

• Significant Cu oxide and Au l d f d fmineralisation defined at surface 

over 5km by 3km area• Paula

– IOCG Deposit– Historical trenching with limited 

drillingdrilling– Significant trench results from 

previous explorers• Lucy

– Porphyry Cu‐Au– Historical trenching and wide g

spaced drilling – 200m x 200m grid

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Merceditas - ResourceMerceditas Resource

• 90% of resource occurs from surface to 80m depth within interpreted oxide zones amenable to heap leaching

• Resource >0.2% Cu defined to date ~188,000 tonnes of contained CuMerceditas December 2008 Inferred Mineral Resource EstimateMerceditas December 2008 Inferred Mineral Resource Estimate

0.2% Cu Cut-offDeposit Tonnes (MT) Cu% Cu Tonnes Au g/t Au Ounces

Paula 19.2 0.36 69,700Lucy 36.4 0.32 118,100 0.14 163,600Total 55.6 0.34 187,800 0.14 163,600

0.3% Cu Cut-offDeposit Tonnes (mt) Cu% Cu Tonnes Au g/t Au Ounces

Paula 9.3 0.46 48,200Lucy 15.6 0.43 67,700 0.16 81,300Total 26.4 0.44 115,900 0.16 81,300

0 4% C C t ff0.4% Cu Cut-offDeposit Tonnes (mt) Cu% Cu Tonnes Au g/t Au Ounces

Paula 5.2 0.56 29,100Lucy 6.8 0.55 37,500 0.15 32,700Total 12.0 0.55 66,600 0.15 32,700

0 5% Cu Cut-off0.5% Cu Cut-offDeposit Tonnes (mt) Cu% Cu Tonnes Au g/t Au Ounces

Paula 2.5 0.69 17,200Lucy 3.9 0.63 24,500 0.16 19,700Total 6.4 0.65 41,700 0.16 19,700

7Potential to increase resource base to +500,000 t of contained copper

Lucy Resource UpsideLucy Resource Upside

• Significant  potential to increase resource base at Lucy

• Zone 1500m by 500m• Zone 1500m by 500m untested by drilling  

• Under gravels• Requires immediate drill 

testing both in the oxide and primaryp y

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Lucy Resource UpsideLucy Resource Upside

• No drilling to test primary mineralisation associated with significant oxide gmineralisation 

• Oxide mineralisation over 100m wideover 100m wide

• All oxide  holes end in Cu mineralisation

• Completely open atdepth and to the north and north eastand north east

• Requires deep drilling and IP survey to test for l hid i li

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sulphide mineralisaton

Paula Resource UpsidePaula Resource Upside

• Principal Zone 1 2 km long zone which requires 1.2 km long zone which requires significant further drillingNo primary drilling

• Estaca Zone 1.0 km long zone with significant Cu oxide at surface in trenchesTested by 2 drill holes to dateSi ifi t ti l

Pupy ZoneEstacaZone

Significant magnetic anomaly

• Pupy Zone Open ended Cu oxide zoneSignificant oxide mineralisation Significant oxide mineralisation intersected

• Principal Zone SESulphide mineralisation remains open Principal ZoneSulphide mineralisation remains open in all directionsBest sulphide intersection 70m @ 0.40% Cu

Principal Zone

Principal Zone SE

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Paula Resource UpsidePaula Resource Upside

Significant untested sulphide potentialpotential

• The large volume of material at Merceditas with a magnetic susceptibility similar to Estaca susceptibility similar to Candelaria and Santo Domingo makes an excellent target for IOCG style

Pupy ZoneZone

mineralization• Significant sulphide test

required

Principal ZoneP i i l Z SEPrincipal Zone SE

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Conclusion / Why Invest in Genesis?Conclusion / Why Invest in Genesis?

• Merceditas ‐ Initial Copper Oxide Resource identified with ll t l ti idexcellent exploration upside 

• Experience in operating in Chile– Established Office & PersonnelEstablished Office & Personnel– Knowledge of Chilean law and customs– Good local contacts for future acquisitions

• Shareholder base supportive of a transaction • Tight Capital StructureG i i ASX Li d hi l i h l L i A i• Genesis is a ASX Listed vehicle with a clear Latin American  focus.   Looking for further advanced copper and/or gold assets.

Key Opportunity in Chile is that significant, mid sized projects are  available that generally do not meet established criteria of major 

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g y jresource companies.  

Going ForwardGoing Forward

• Negotiations are continuing with potential Joint Venturet d i t f th d l t f th M ditpartners and investors for the development of the Merceditas

Project in Chile.

• Opportunities for toll treating copper oxide ore from the• Opportunities for toll treating copper oxide ore from theMerceditas Project are also being investigated.

• Genesis has progressed negotiations to acquire additional• Genesis has progressed negotiations to acquire additionalcopper–gold Projects in Chile– both of which could potentially be moved rapidly towards production.p y p y p

The information in this announcement was compiled by Michael Fowler, Genesis Minerals Limited Managing Director, who is a Member of TheAustralasian Institute of Mining and Metallurgy. Michael Fowler has sufficient experience that is relevant to the style of mineralisation and type of depositunder consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 JORC Code. Michael Fowlerconsents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

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