Genesis Minerals doubles exploration budget for FY26, aiming to unlock more value from its Laverton and Leonora gold operations.
Exploration Budget Boosted to $40–$50 Million
The company has raised its exploration spend from $19 million in FY25 to between $40 million and $50 million for the 2025–26 financial year. This sharp increase reflects Genesis Minerals’ strong confidence in the long-term potential of its Western Australian gold assets.
Focus on Key Gold Projects
The expanded exploration program will target both brownfield and near-mine opportunities. Key assets include:
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Jupiter open pit and Beasley Creek at Laverton
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Gwalia underground and Admiral open pit at Leonora
These sites are strategically located near existing processing infrastructure, enhancing the potential for cost-effective development.
Outstanding Gold Drilling Results
The exploration investment is already delivering promising results. Recent high-grade gold intersections include:
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69m at 3.9g/t gold and 95m at 1.7g/t gold at Jupiter
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17m at 9.3g/t gold at Beasley Creek
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2.7m at 192.9g/t gold and 6.6m at 37.5g/t gold at Gwalia
These results support inventory growth near processing plants and back ongoing plant expansion studies.
Leveraging Infrastructure for Organic Growth
Genesis Minerals managing director Raleigh Finlayson said the company remains focused on delivering strong financial returns through organic growth.
“We have the assets and infrastructure to deliver this and that is why we have doubled our annual exploration budget,” he said.
“This investment is already delivering outstanding drilling results which illustrate the immense scope to grow the inventories at both Laverton and Leonora.
Importantly, the returns on our exploration success are strengthened by the fact that it is unfolding right next to our existing processing plants, enabling us to leverage this infrastructure and evaluate plant expansion.”
Why did Genesis Minerals double their exploration budget?
The increased exploration spend follows a robust financial year for Genesis Minerals. The company reported:
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$451.1 million EBITDA
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$221.2 million net profit after tax
These results provide a strong financial foundation to support its aggressive exploration push across Laverton and Leonora.
Genesis Minerals Targets Long-Term Gold Growth
Genesis Minerals’ decision to more than double its exploration budget highlights its strategic focus on organic resource growth. With impressive drilling outcomes and existing infrastructure in place, the company is well-positioned to expand its gold inventory and enhance future production capacity.