G Genesis Minerals Limited

ASX:GMD Australia 1.6k
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$GMD Why Bet $80 Million on This Gold Mine?

Genesis Minerals is accelerating work at Tower Hill — a major gold deposit just outside Leonora in Western Australia — as the company moves closer to full-scale development. With gold prices trading near record highs, the project has quickly become one of WA’s ...
Why Bet $80 Million on This Gold Mine?

Genesis Minerals is accelerating work at Tower Hill — a major gold deposit just outside Leonora in Western Australia — as the company moves closer to full-scale development. With gold prices trading near record highs, the project has quickly become one of WA’s most-watched growth stories.

Shifting the Rail to Unlock the Pit

One of the most significant steps is the plan to relocate the nearby rail line. This allows Genesis to expand the mill and open up the full extent of the Tower Hill pit — something previous owners couldn’t realistically do. The move clears the way for a larger, more efficient operation tied directly into Genesis’ Leonora production hub.

High-Grade Hits Continue

Recent drilling around Tower Hill has returned consistent high-grade intercepts, strengthening confidence in the resource and supporting plans for a much larger mine footprint. These results also feed into an expanded underground study now underway.

A New Gold Hub in the Making?

With planned capital spending around the $80 million mark, a strong gold market, and a district-scale strategy connecting multiple deposits, investors are watching closely. If the development plan lands as expected, Tower Hill could become WA’s next major gold success story — and a key pillar in Genesis Minerals’ Leonora growth plans.
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