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Transformational acquisition of the Kookynie Gold Project and ~$19.5m capital raising

Genesis Minerals Limited (ASX: GMD) is pleased to announce that it has entered into a binding agreement to acquire 100% of the Kookynie Gold Project, located immediately south-east of its 100%-owned Ulysses Gold Project in Western Australia.

The landmark transaction significantly advances Genesis’ growth strategy in the prolific Leonora district of Western Australia. It includes a JORC 2012 compliant Indicated and Inferred Mineral Resource totalling 8.53Mt at 1.5g/t for 414,000oz gold, a highly prospective 248km2 tenement portfolio, and numerous exploration targets with outstanding potential to expand the existing Resources and deliver new discoveries.

 
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