Genesis Minerals Limited (Genesis) is an Australian gold exploration and mine development company with high quality projects located in Western Australia’s premier gold districts. Genesis has significantly expanded its footprint in the prolific Laverton District, executing a $250 million acquisition of the Laverton Gold Project from Focus Minerals Limited (ASX: FML). This strategic transaction positions Genesis for accelerated production and cashflow growth, directly supporting its ‘ASPIRE 400’ vision.
The Laverton Gold Project brings an impressive ~4Moz Mineral Resource, including high-grade underground reserves, and is located just 30km from Genesis’ operating 3Mtpa Laverton mill. The acquisition unlocks substantial synergies, including optimal ore processing alignment between Genesis’ Laverton and Leonora operations.
The acquisition will be funded from Genesis’ strong cash position. Post-transaction, Genesis will preserve robust liquidity of approximately $350 million. Completion is anticipated in June 2025.
The transaction was executed by a multidisciplinary team from G+T bringing together the best of its metals and mining expertise, while ensuring a commercial and strategic approach to meet the client's needs and deadline. It was led by Energy, Resources and Infrastructure partner Claire Boyd, along with corporate partner Justin Mannolini. They were supported by lawyers Shay Kiriakidis, Meng-Yeow Lim and Callum Fleming, alongside banking specialist Claire Rowe.
This is a defining transaction for Genesis and a strong example of consolidation driving scale and value in Australian gold. We are proud to support Genesis on this milestone as they continue to transform into a major regional gold producer.
