Genesis Minerals : Exploration Update

ASX Announcement August 21, 2014

Genesis Minerals Limited

ASX Code: GMD Issued Capital

259.8 mi l l i on s ha res

23.7 mi l l i on opti ons

Current Share Price

$0.018

Market Capitalisation

$4.7 mi l l i on

Board Members

Ri cha rd Hi l l

Cha i rma n

Mi cha el Fowl er

Ma na gi ng Di rector/CEO

Da mi a n Del a ney

Non-Executi ve Di rector

Compa ny Secreta ry

Major Shareholders - >5%

Mi cha el Foti os a nd As s oci a tes

Teck Res ources Li mi ted

ABN: 72 124 772 041

Registered Office

Uni t 6, 1 Cl i ve St

Wes t Perth, WA, Aus tra l i a , 6005

PO BOX 437, Wes t Perth

WA, Aus tra l i a , 6872

T: [phone]

i nfo@genes i s mi nera l s.com.a u www.genes i s mi nera l s .com.a u

Chile Office

Av. Es tori l 200

Ofi ci na 837

La s Condes

Sa nti a go, Chi l e

EXPLORATION UPDATE Highlights

Las Opeñas Gold Project, San Juan Argentina

• Results received from 8 hole 2,400m diamond drilling program

• Wide-spaced drilling intersected wide zones of encouraging mineralisation hosted in breccia

• High grade mineralisation intersected including:

 2m @ 7.45g/t gold, 256g/t silver, 0.61% zinc and 1.03% lead

 1m @ 5.26g/t gold and 31.0g/t silver

• Further follow up drilling required targeting the Las Opeñas mineralised system

Viking Gold Project, Western Australia

• Systematic testing of a series of high-grade vein targets open at depth and along strike commenced

• 13 hole RC program completed with results due early

September

Genesis Minerals Limited (ASX: GMD) ('Genesis' or the 'Company') is
pleased to announce it has received the results from the drill program recently completed at the Las Opeñas Project ("Las Opeñas" or "the Project"), San Juan, Argentina.
The Company is also very pleased to report that it has successfully completed the first drill program at the Viking Gold Project ("Viking") in Western Australia. The results from this program are due in early September. This initial program is the commencement of the systematic testing of a series of high-grade vein targets and surface gold anomalies open at depth and along strike at the high-priority 7km x 7km Beaker Prospect.

Las Opeñas

The eight-hole 2,400m Phase 2 drill program (see Figures 1 and 3) targeted the main known zone of extensive surface gold and base metal mineralisation, coincident with a large breccia system and Induced Polarisation features.
Early in 2014 Genesis renegotiated the Las Opeñas agreement with Teck Argentina Ltd. ("Teck"). Genesis was to complete a minimum of 2,400m of drilling at Las Opeñas by September 30, 2014. Teck currently retains its right to earn-back in to the Project until October 22, 2014.
Results from the wide spaced program (see Table 1 and Figures 1 to 3)
testing the breccia system include:

 14LODH015 126.4m @ 0.17g/t gold, 3.2g/t silver and 0.20% zinc

 14LODH015 27.8m @ 0.26g/t gold and 0.52% zinc

 14LODH015 36.7m @ 0.23g/t gold, 5.6g/t silver, 1.00% zinc and

0.13% lead

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14LODH015 was drilled beneath 12LODH003 (see Figure 2) which returned a significant, wide zone of gold- base metal mineralisation in 2012.
High-grade mineralisation was also intersected associated with ENE trending structures. Results include:

 14LODH019 2m @ 7.45g/t gold, 256g/t silver, 0.61% zinc and 1.03% lead

 14LODH020 1m @ 5.26g/t gold and 31.0g/t silver

High grade mineralisation is within semi massive sulphide veins and veinlets associated with interpreted strike extensive (+5km combined) high-grade structures (see Figure 4) that are untested by drilling and require systematic follow up exploration. These structures are identified in part by mapping, surface rock chip sampling and magnetic interpretation.
Very wide zones of strongly anomalous base-metal mineralisation (see Figure 5 and Table 1) have been returned from holes intersecting breccia hosted mineralisation at Las Opeñas, including:

 14LODH015 - 307m @ 0.55% zinc from 98m

 14LODH018 - 192.4m @ 0.50% zinc from 0m

 14 LODH020 - 31.2m @ 0.65% zinc and 0.19% lead from 14.7m

A large area (700m x 600m) of zinc - lead mineralisation has been outlined closely associated with the breccia system.
Further structural interpretation, geochemical analysis and geophysical interpretation of the dacite-breccia complex is required prior to considering further drilling to test for breccia-hosted mineralisation.

Figure 1 Drill hole locations with intercepts

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Figure 2 Section 2,466,250E

Figure 3 Drill hole locations, intercepts and lithology types

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Figure 4 High grade structures (interpreted from field mapping, ground magnetics and rock chips sampling) to be targeted

Figure 5 Anomalous base metal zone

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Table 1 Las Opeñas Intercepts - June 2014 Program

Hole ID

Ea s t

North

mRL

Depth

Az

Dip

From

To

Interva l

Au

Ag

Zn

Pb

Hole ID

Pos ga r2

Pos ga r2

mRL

Depth

Az

Dip

From

To

Interva l

(ppm)

(ppm)

(%)

(%)

14-LODH-015 14-LODH-016 14-LODH-017 14-LODH-018 14-LODH-019 14-LODH-020 14-LODH-021 14-LODH-022

2,466,229 2,466,250 2,466,067 2,466,080 2,466,250 2,465,801 2,466,370 2,466,030

6,705,141 6,704,971 6,705,175 6,705,332 6,704,972 6,705,340 6,705,257 6,705,210

3,429 3,435 3,394 3,370 3,431 3,478 3,370 3,370

405 215 299 249 350 279 333 270

0 0 165 0 180 0 200 340

-50 incl -60 -60 -60 -60 incl -60 -60 -70

0 38.6 204.7 296 98 NSA NSA 25.5 52.5 67.7 123.3 239.9 0 73.5 322.8 322.8 14.75 93 243 143

126.4 61.5 232.5 332.7 405 29.5 54.5 83.5 135.2 240.9 192.4 82 327.6 324.8 45.95 94 267 206

126.4 22.9 27.8 36.7 307 4 2 15.9 12 1 192.4 8.5 4.8 2 31.2 1 24 63

0.17 0.30 0.26 0.23 0.27 0.49 0.32 0.19 5.26 0.17 3.23 7.45 0.06 0.23

3.2 7.5 1.6 5.6 7.2 17.1 7.4 1.9 31.0 12.8 112.5 256 3.34 12.50

0.20 0.35 0.52 1.00 0.55 0.99 1.53 0.80 0.40 0.50 0.54 0.26 0.61 0.67 3.02 0.57 0.43

0.07 0.15 0.03 0.13 0.01 0.04 0.04 0.04 0.10 0.44 1.03 0.20 1.38 0.16

For further information:
Contact - Michael Fowler+61 8 9322 6178 or [e-mail]

COMPETENT PERSONS STATEMENTS

The information in this report that relates to Exploration Results is based on information compiled by Mr. Michael Fowler who is a full-time employee of the Company and is a member of the Australasian Institute of Mining and Metallurgy. Mr. Fowler has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012

Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Fowler consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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JORC CODE, 2012 EDITION - TABLE 1

Section 1 Sampling Techniques and Data - Las Opeñas

Criteria	JORC Code explanation	Certified Person Commentary
Sampling techniques	Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.	Samp lin g wa s unde rta ke n us i ng s ta nda rd i ndus try p ra cti ces. Sa mpling was u ndertaken using d iamond core d rilling. Sa mp l e s from d rill core we re s e l e cte d on ge ol ogical cri teria a nd samp l e d on s i te . Samp le s a re d e ri ve d from d rill core th at h as b een geologically l ogged a nd ma rke d up for an al ytical s amp lin g by the re s p onsible l oggi n g ge ol ogi s t. Samp le in te rvals a re ge n e rally on e or two metres i n len gth with e a ch e nd of th e s ample ru n marked dire ctly on to th e d rill core. Th e dri l l core is then cut in half by a field technician us i ng a d i a mond s aw, a nd a half core sample collected in plastic ba g b e fore b eing sealed an d transp orted for a nalyses i n Me ndoza .
Sampling techniques	Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.	Sa mp ling was ca rried ou t u nder Ge nesis' protocol s a nd QAQC proce dure s a s pe r i ndus try be s t pra cti ce . Se e fu rth e r d e tails b e low.
Sampling techniques	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.	Di a mond d rill core was cut i n half for sampling a nd ha l f core s a mples su bmitted for a ssay. Sample len gths we re ge n e rally me asured to on e or two metres and gene ra te a h a lf-core sample weighing app roximately 3 to 6 kg p e r s amp le . Sa mp les are cru shed to a fin er fraction (70% <2mm) and the n pulverised to produce a 50g sample for fi re a s s a y.
Drilling techniques	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).	Di a mon d core is HQ in s ize . Drill core was n ot ori e n ta te d to allow for s tructura l re a di ngs .
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed.	Di a mond core re coveries were l ogged a nd re corde d i n th e fi eld a nd later u pdated in th e ge ologica l d atab as e . No s i gnifican t core loss issues were i den tifie d . Ove rall re cove ri e s a re >98%. Th e Drille rs me a s u re core re cove ri es for e ve ry d rill ru n comp l e te d . Th re e me tre core b a rrels were used . Th e core re covered is p hysically me a sured b y ta pe measure a nd th e l ength re cove re d i s re cord e d for e ve ry th re e me tre "ru n ". Core re cove ry can b e calcu late d as a p e rce n tage re cove ry.
Drill sample recovery	Measures taken to maximise sample recovery and ensure representative nature of the samples.	Di a mond core wa s re cons tructe d i nto conti nuous in te rvals on an gle i ron racks for orie n tation an d re con ciliation again s t core b lock ma rke rs . Rod an d me tre counts a re routi ne l y ca rri e d out by the dri l l e r.
Drill sample recovery	Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	No s i gnifican t sample l oss has occurre d. No sample b ias ha s occurre d.
Logging	Whether core and chip samples have been	Ge ote chnical logging was ca rried out on di a mond core

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	geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.	for re cove ry a n d RQD. All ge ological, s tru ctu ral , mi n e ralisation an d alteration related ob s e rva ti on s a re s tore d in th e Ge nesis geological d atabase. Th e d etail of l ogging is cons i de re d s ui ta bl e to s upport a Mi ne ra l Re s ou rce e s ti ma ti on .
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.	Loggin g of lith ology, s tru ctu re , alte ration , mi n e ralisation, colour a nd oth e r fe a tu re s of core wa s unde rtaken on a routi ne ba s i s . We t photogra phy of di a mond core was undertake n on a tra y by tra y ba s i s . Loggi n g i s q ualitative a nd s emi qua nti ta ti ve i n na ture .
	The total length and percentage of the relevant intersections logged.	All d rill h ole s we re logge d in fu ll.
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken.	Dia mond core was cu t a nd sampled systematically at 1 or 2m i n te rvals b ased on geological l oggin g. A d iamon d core s a w was u sed to cu t th e core and half core i ntervals we re s u b mitte d for an al ys is . Qu a rte r core i s b e i n g s ubmi tte d for dupl i ca te QAQC s a mpl i ng.
Sub-sampling techniques and sample preparation	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.	Not ap p licab le - core d rilling
Sub-sampling techniques and sample preparation	For all sample types, the nature, quality and appropriateness of the sample preparation technique.	Sa mpl e pre pa ra ti on wa s by ALS i n Me ndoza by dry pul ve risation to 85% pa s s i ng 75 mi cron. The s a mpl e p re p a ration was ap p rop riate .
Sub-sampling techniques and sample preparation	Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples.	Fi e l d QC proce dure s i nvol ve d th e u s e of ce rti fi e d re fe re nce s tandards (1 i n 50), dupl i ca te s (1 i n 20) a nd b lan ks (1 in 40) at ap p rop riate in te rvals .
Sub-sampling techniques and sample preparation	Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.	Sa mp ling was ca rried out using Genesis ' protocol s a nd QAQC proce dure s a s pe r i ndus try be s t pra cti ce . Du p l icate samples are rou tinely b eing su bmitted will be ch e cke d again s t origin als .
Sub-sampling techniques and sample preparation	Whether sample sizes are appropriate to the grain size of the material being sampled.	Sa mpl e s i ze s a re cons i de re d to be a ppropri a te to corre ctl y re p re s e n t th e s tyl e of mi n e ra l i s a ti on , th e thi ckne s s a nd cons i s te ncy of the i n te rs e cti on s .
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.	An al ytical s amp le s we re a na l ys e d through ALS i n Me n d oza. Al l samples were analysed b y 50g Fi re As s a y (Au -AA24) a n d for a su i te of 35 El e me n ts b y I CP - AES (ME - I CP41). Ore gra de Pb, Zn a nd Ag s a mpl e s (>1%) we re re a n a l ys e d b y AAS.
Quality of assay data and laboratory tests	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.	No ge op hysical tools were u sed to e stimate mi n e ra l or e l e men t p ercentages. I t is an ticipated alteration l ogging will b e comp le te d on re ce ip t of as s a ys .
Quality of assay data and laboratory tests	Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.	I n a d dition to Genesis s tandards, d uplicates an d b lan ks , ALS i ncorporate l aboratory QAQC i ncludi ng s ta nda rds , bl a nks a nd re peats as a standard proce dure . Ce rti fi e d re fe re nce materials th a t a re re l e va n t to the type a nd s tyl e of mineralisation ta rge te d a re be i ng i n s e rte d a t re gu lar in te rvals .
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel.	Th e s ignifican t intersections we re ve rified b y Pe tra gol d Cons ul ta nts
Verification of sampling and assaying	The use of twinned holes.	No twi n n ed h oles were completed. Exp l ora ti on of th e p roje ct is at an e a rly s tage .
Verification of sampling and assaying	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	Ha rd copy l ogging was complete d a t s i te wi th l oggi n g d a ta e ntered i nto e xcel te mplates at th e fi eld camp a n d valid ate d .

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	Discuss any adjustment to assay data.	No a djus tme nts ha ve be e n ma de to a s s a ys .
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.	Al l ma ps and sample l ocations a re in GK POSGAR94 Zone 2 gri d a nd h ave b een measured by hand -he l d GPS wi th a n a ccu ra cy of ±4 me tre s . Down hole surve ys were unde rta ke n for a l l di a mond hol es utilising a down hole Reflex EZ Tra ck i ns trume nt. Su rve yi n g was completed a t in tervals va ryi n g b e twe e n 25 an d 50m. Drill h ole d ip s va ry.
Location of data points	Specification of the grid system used.	Gri d s ys te m us e d i s the GK POSGAR94 Zone 2 gri d
Location of data points	Quality and adequacy of topographic control.	Dri l l h ole RL's are +-10 to 30m due to steep topography.
Data spacing and distribution	Data spacing for reporting of Exploration Results.	Va ri able d rill h ole spacings were u sed to complete a first p a ss te st of some ta rge ts.
Data spacing and distribution	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	The mi neralisation has not ye t be e n de mons tra te d to ha ve s ufficient continuity to s upport the de fi ni ti on of Mi n e ral Resou rce an d Reserves u nd er th e classifi ca ti on a ppl i e d unde r the 2012 JORC Cod e .
Data spacing and distribution	Whether sample compositing has been applied.	No s a mpl e compos i ti ng ha s be e n a ppl i e d.
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.	Th e p re cise d ip an d strike of th e mineralisation is n ot yet known a nd i t i s uncl e a r a t thi s s ta ge whe the r a ny s amp lin g h as a s e t b ias .
Orientation of data in relation to geological structure	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	No orie ntation based s amp lin g b ias is kn own at th is ti me .
Sample security	The measures taken to ensure sample security.	Cha i n of cus tody wa s ma na ge d by Ge ne s i s a nd i ts con s ultan t PetraGold. Samples were s tored on s i te a nd tra n s ported to ALS i n Me nd oza, Argentina b y a lice n ce d ca rrie r. On a rri val at ALS s amp le s we re s tore d i n a l ocke d ya rd b efore b ein g p rocessed a nd tra cked th rough p re p a ration an d analysis u s i n g ALS's tra cki n g s ys te m.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	No a udits or re views of sampling te chni que s a nd da ta h a ve b e e n compl e te d.

Section 2 Reporting of Exploration Results (Criteria listed in the Preceding group apply also to this group)

Criteria	JORC Code explanation	Certified Person Commentary
Mineral tenement and land tenure status	Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental s e tti n gs .	All h oles we re within catae o 1249-T-05 an d min a Las Ope ña s 1. Ge n e sis committed to the funding a nd comple ti on of a min imu m of 2,400m of d rilling at Las Op e ñ as b y Se p te mb er 30, 2014 (th e "Ph ase 2 Drilling"). Du ring this p e riod Ge n e s is will re tain its 100% in te re s t in th e prope rty pursuant to i ts existing option a greemen t with Te ck Arge nti na (the "Unde rl yi ng Agre e me nt"). Upon completion of the Phase 2 Dri llin g, Te ck wi l l the n h a ve 60 d a ys to d eliver n otice to Genesis of i ts e l e cti on to e xe rci se its b ack-in ri gh t to earn -b ack a 60% i n te re s t i n the prope rty (the "Ba ck-i n Ri ght"). Provi d e d th at Te ck e lects to exe rcise th e Ba ck-i n Ri ght, Te ck s h all e arn-back a 60% i nterest i n th e p rop e rty i f i t i ncurs Expenditures on the property e qual to four times Ge n e sis' total Exp enditures i ncurre d on th e p ro p e rty to

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		th e d ate of Te ck's e le ction , mu ltip lie d b y 60%, to a ma xi mum of US$3,600,000, l e s s Te ck's Exp e n d i tu re s i n cu rre d i n 2013 a n d less US$250,000, b eing the amount of the Te ck Pl a ce me nt. Such Expe ndi ture s a re to be compl e te d wi thi n 24 months of the Ba ck-i n Ri ght e l e cti on noti ce wi th a mi ni mum Expe ndi ture of $US1,000,000 to b e comp leted within 12 mon ths of th e Ba ck-in Righ t e le ction n otice . Te ck s hall re tain the 2% NSR a s conte mpl a te d by the Unde rlying Agre ement as amended, which NSR shall be e xti n guished s hould Teck exe rcise th e Back-in Right and e a rn a 60% i n te re s t. Upon compl e ti on of the Ea rn -ba ck by Te ck a Joi nt Ve nture Company s ha l l be forme d to e xpl ore a nd, i f wa rra n ted, d evelop th e Project wi th th e p a rti e s ' Joi n t Ve n tu re inte re s ts b e i n g 60% Te ck a n d 40% Ge n e s i s . The La s Opeñas Project i s located in San Jua n Provi nce , 200km northwest of the re gional capi ta l Sa n Jua n Ci ty a nd a bout 40km northwest of the town of Rodeo i n the e a stern foothills of th e An des, at e levations of b etwe e n 2,800m a n d 3,500m a bove s ea l evel . I n fra s tru ctu re i n th e a re a is good . Acce s s to th e Proje ct i s ga i n e d vi a good pa ve d a nd gra ve l roa ds from Rode o.
	The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	The te ne me nt i s i n good s ta ndi ng a nd a va l i d e n vi ron me n tal ap p roval to e xp lore is in force .
Exploration done by other parties	Acknowledgment and appraisal of exploration by other parties.	Te ck Arge n tina completed first p ass map ping a rock chip s a mpling b etween 2005 a nd 2007. No h istorical d rilling h a s taken p lace. Ge nesis completed a 14 h ole 1,500m d i a mond d rilling p rogram i n 2012.
Geology	Deposit type, geological setting and style of mineralisation.	Ge ne sis i s e xpl ori ng for i nte rme di a te s ul phi da ti on e p i thermal systems. Th ese systems typ ically h ave high- gra de , narrow, sulphi de -on ly ve in s with in h aloe s of l owe r grade gold-silver-base metal mineralisation. Th i s s tyl e of mineralisation commonly h as strong b ase-metal min e ralis ation an d la rge ve rtical e xte n t.
Drill hole Information	A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o hole length.	Si gn ifican t intersections a re tab ulate d in Tab le 1 with l oca ti ons s hown i n Fi gure s 1 to 5.
Drill hole Information	If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.	All s ignificant an d Mate rial in formation is re p orte d .
Data aggregation methods	In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated	Al l re p orted a ssay re sults h ave b een l ength weighted to p rovi d e a n i ntersection wid th. A ma ximum of 2m of b a rre n material b etween mineralized samples h as b een p e rmi tted i n th e calculation of th ese widths.
Data aggregation methods	Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of	No a s say re sults h ave b een top-cut for the purpose of

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	low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.	th i s re port. Higher gra de in tervals a re s hown i n Table 1.
	The assumptions used for any reporting of metal equivalent values should be clearly stated.	No me ta l e quivalent va lues are cu rre ntly u sed for re p orti ng of e xploration re sults.
Relationship between mineralisation widths and intercept lengths	These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').	An a ccura te di p a nd s tri ke a nd the control s on mi ne ralisation are ye t to be de te rmi ne d a nd the true wi dth of the i nte rce pts a re not ye t known.
Diagrams	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	Ap p rop riate p lans and section have b een in cluded in the body of thi s report. Drill h oles completed are s hown i n Fi gu res 1 to 5.
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	Both hi gh a nd l ow gra de s ha ve be e n re porte d accu rate l y, cle a rly id e n tifie d with th e d rill h ol e a ttri bute s a nd 'From' a nd 'To' de pths .
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	Se e Ge ne s i s ASX re l e a s e d a te d Octob e r 27, 2013 for i nforma ti on re ga rdi ng i nduce d pol a ri s a ti on s urve y comp l e te d a t th e p roje ct.
Further work	The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).	Fu rth e r work will b e d ep enden t on th e in terpretation of a s say re sults b ut will likely i nclud e b oth l arge s cale s te p an d d rilling an d s ys te matic wid e s p ace d te s tin g of b re ccia s ys te m.
Further work	Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	Di a grams showing p oten tial e xtensions are shown in Fi gu res 1 to 5.

ASX Release 21 August 2014 10