Genesis Resources

What Genesis Resources does

Genesis Resources Ltd (ASX:GES) is an Australian-domiciled mineral exploration company focused on copper-gold, manganese, and gold assets. The company holds five exploration licences covering 854.9 km² across Macedonia and Australia, including the Plavica copper-gold project in Macedonia (62% interest via a joint venture with Silgen Resources), the Alice Springs Copper-Iron project, the McArthur River Manganese project, and the Arltunga and Pioneer gold projects in the Northern Territory and Queensland respectively. The flagship Plavica asset holds a JORC-compliant Inferred Resource of 1.86 Moz of gold and was granted a 30-year Mining Licence in May 2015, providing long-tenure security over the deposit.

The company's business model is that of a junior explorer: it generates no commercial revenue and funds ongoing exploration, drilling, and resource-definition activity through periodic equity issuance and debt facilities (including a $3 million loan facility in 2013 alongside a separate $2 million loan from director Yau Young Lim). Long-term value creation is expected to derive from advancing resources to a development decision, securing joint venture partners or acquirers, or eventually transitioning into production. Governance has been periodically restructured, with Eddie Lung Yiu Pang serving as Executive Chairman and the board including multiple Malaysian-based directors connected to a controlling shareholder group.

Exploration methodology relies on conventional techniques such as reverse circulation and diamond core drilling, induced polarisation surveys, controlled-source audio-magnetotellurics (CSAMT), and airborne electromagnetic surveys. There is no disclosed application of machine learning or AI-driven targeting. The company is publicly listed on the ASX, headquartered in Kew, Victoria, and has been listed since 2009.

Name

Genesis Resources

Legal name

Genesis Resources Limited

Website

https://genesisresourcesltd.com.au

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Genesis Resources Ltd (ASX:GES) is a pre-revenue Australian mineral exploration company focused on copper-gold, manganese, and gold projects across Macedonia and Australia, with a flagship 1.86 Moz gold resource at Plavica under a 30-year Mining Licence.

Ownership category

akta.pro rank

Product category

Mineral Exploration

SIC

Metal Mining (1000), Gold And Silver Ores (1040)

akta.pro primary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

akta.pro secondary industry

Iron Ore Exploration & Resource Definition (IMAKAAAA)

Keywords

• Mineral exploration
• Copper-gold mining
• Manganese exploration
• Gold exploration projects
• Mining joint ventures

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Pre-Revenue Exploration Stage: Genesis Resources is a pre-revenue mineral exploration company. The company is focused on discovering economic mineral reserves through exploration. No commercial production revenue has been generated. The company's value is derived from the advancement of its exploration assets toward development and production.

Distribution channels1 record

Marketing channels4 records

Core offering

Genesis Resources is a pre-revenue mineral exploration company that discovers and delineates copper-gold, gold, and manganese deposits across a portfolio of five exploration projects in Australia and Macedonia. The company conducts drilling, sampling, and geophysical surveys to identify economic mineral reserves, with the goal of advancing assets toward development and production through cost-efficient exploration and joint ventures.

Product overview

Genesis Resources Ltd is a mineral exploration company that operates five exploration projects across Australia (Northern Territory and Queensland) and Macedonia. The company's portfolio consists of mineral exploration projects focused on discovering copper-gold, manganese, and gold deposits. Projects are at various stages of exploration, from early-stage reconnaissance to advanced drilling and resource definition. The company does not operate producing mines but aims to discover economic mineral reserves through exploration and joint ventures with the goal of becoming an established mining company.

Differentiator

Problem solved

Functional benefit

Products and services

• Plavica Project Gold-copper exploration project in Macedonia operated through 62%-owned subsidiary Silgen Resources International Ltd, holding a 30-year Exploitation Licence covering 16.85 km2 with a defined 1.86 Moz gold JORC Inferred Resource.
• Alice Springs Copper-Iron Project Mineral exploration project located 155 km northeast of Alice Springs in the Northern Territory, covering 372.59 km2 with copper occurrences and iron ore prospects and rock chip samples up to 40% Cu, 2.8 ppm Au, and 68% Fe.
• McArthur River Manganese Project
• Arltunga Gold Project
• Pioneer Gold Project

Quantifiable outcome

• Plavica drilling returned 59m @ 3.9 g/t Au
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Rik Sileks ADcoreStrategic or Co-development PartnerLocal Macedonian partner holding 38% interest in the Plavica joint venture through Silgen Resources International Ltd (62% owned by Genesis). Rik Sileks AD is a Macedonian incorporated company that serves as the local partner for the Plavica gold and copper project, which operates under a 30-year Exploitation Licence granted by the Macedonian Government.
• Silgen Resources International LtdcoreStrategic or Co-development PartnerJoint venture company incorporated in Kratovo, Macedonia, 62% owned by Genesis Resources and 38% owned by Sileks nominee. Silgen Resources holds the 30-year Exploitation Licence for the Plavica Project in the Kratovo District, approximately 65 kilometres east of the Macedonian capital Skopje. The licence area totals 16.85 km2.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Investigator Resources Limited: ASX-listed (ASX:IVR) silver-gold explorer with projects in South Australia. Comparable to Genesis as a small-cap ASX-listed precious-metals explorer advancing early-to-mid stage exploration projects.
• Antipa Minerals Limited: ASX-listed (ASX:AZY) gold and copper explorer in the Paterson Province of Western Australia. Comparable to Genesis as an ASX-listed precious/base-metals explorer operating in Australian jurisdictions.
• Accelerate Resources Limited: ASX-listed (ASX:AX8) gold and base-metals explorer with projects across Western Australia. Highly comparable small-cap explorer profile to Genesis, with multiple early-stage projects and no production.
• Musgrave Minerals Limited: ASX-listed (ASX:MGV) gold explorer focused on projects in Western Australia. Comparable to Genesis as an ASX gold-focused explorer, though typically more advanced in resource definition than Genesis.
• Eastern Resources Limited: ASX-listed (ASX:EFE) gold and copper explorer with multiple early-stage projects in Australia. Closely comparable to Genesis in scale, stage (pre-resource to early resource), and small-cap exploration profile targeting copper-gold mineralisation.
• Castile Resources Limited: ASX-listed (ASX:CST) copper-gold explorer with assets in the Northern Territory and Queensland. Direct comparability with Genesis on commodity focus (copper-gold), Australian geography, and exploration-stage profile.
• Rimfire Pacific Mining Limited: ASX-listed (ASX:RIM) copper, gold, and critical minerals explorer in NSW. Comparable to Genesis as a small-cap ASX explorer focused on copper-gold mineral systems in Australia.
• Stavely Minerals Limited: ASX-listed (ASX:SVY) copper-gold explorer with projects in Victoria and Queensland. Directly comparable to Genesis on commodity focus (copper-gold) and Australian exploration footprint, though typically at a more advanced stage.
• Kairos Minerals Limited: ASX-listed (ASX:KAI) gold exploration company with assets in the Pilbara and Yilgarn regions of Western Australia. Comparable to Genesis as a small-cap ASX gold explorer advancing multiple prospects.

Broad incumbents

• Aeris Resources Limited: ASX-listed (ASX:AIS) copper-gold producer and developer with established operations in Australia. Comparable to Genesis on commodity and Australian geography but operates as a producing miner rather than a pure explorer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Genesis Resources