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genesis minerals ltd (GMD) Details

Genesis Minerals Limited, a mineral exploration company, acquires and explores mining tenements. The company focuses on acquiring prospective base metal, nickel, gold, copper, silver, and uranium projects. It has an agreement to acquire a 100% interest in the Cerro Verde gold-copper-silver project located in northern Chile. The company also holds interest in the Poncha and Las Opeñas precious and base-metal epithermal projects located in San Juan Province, Argentina. Genesis Minerals Limited was incorporated in 2007 and is headquartered in West Perth, Australia.

Founded in 2007

genesis minerals ltd (GMD) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: A$275.0K
Compensation as of Fiscal Year 2013.

genesis minerals ltd (GMD) Key Developments

Genesis Minerals Limited Announces Commencement of Drilling at Las Openas

Genesis Minerals Limited announced that it has commenced drilling at the Las Openas precious and base-metal epithermal project located in the pre-cordillera of San Juan Province, Argentina. The 2,400m Phase 2 drill program will test the main zone of extensive surface gold- and base metal mineralization, coincident with a breccia system and Induced Polarisation features. The company expects drilling to be completed in the first half of July with first results anticipated in late July. Genesis will complete a minimum of 2,400 m of drilling at Las Openas by September 30, 2014. During this period Genesis will retain its 100% interest in the Project while Teck will retain its right to earn-back in to the Project.

Genesis Minerals Limited, Annual General Meeting, Apr 29, 2014

Genesis Minerals Limited, Annual General Meeting, Apr 29, 2014., at 10:00 W. Australia Standard Time. Location: 35 Richardson Street. Agenda: To consider ratification of prior securities issue; to consider issue of securities to investors; and to consider issue of securities to Teck Resources Limited.

Genesis Minerals Ltd Purchases Viking Project Group 2 Tenements from Anglogold Ashanti Ltd in Western Australia

Genesis Minerals Ltd. has purchased the Viking Project Group 2 tenements from AngloGold Ashanti Ltd. in Western Australia. The project comprises a significant landholding in the Proterozoic Alban-Fraser Orogen and adjoining eastern margin of the Archaean Yilgarn Craton in what is considered an emerging mineral province that has delivered the Tropicana gold and Nova-Bollinger nickel discoveries. Total purchase price for the project is $50,000 payment due on March 10. A deferred payment of $2 per Measured or Indicated (JORC 2012) Resource ounce defined on or partially on the Tenement Area as quoted in the first public announcement of a Measured or Indicated Resource on or partially on the tenement area. A royalty payable to AngloGold Ashanti equal to 1.25% of the Net Smelter Return generated from the sale of any gold mined or produced from the tenement area, after commercial production of 25,000 ounces.


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