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ASX Announcement Quarterly Activities Report For the Quarter Ended 30 June 2021 Genesis Minerals Limited HIGHLIGHTS Ulysses Gold Project , Western Australia ( GML : 100 % ) • Highly successful resource in - fill , extensional and exploration drilling program progressed at the 1.6Moz Ulysses Gold Project¹ during the quarter : ○ о Confirming and upgrading existing Mineral Resources at the Admiral , Clark , Butterfly and Orient Well deposits ; Expanding the known Resources at depth and along strike ; and о Targeting new discoveries . Exciting new discovery emerging at Puzzle North with wide zones of shallow mineralisation encountered over a significant strike length . Significant assays reported during the quarter included : ○ 21USRC919 о 21USRC912 о 21USRC911 21USRC855 69m @ 2.59g / t gold from 21m including 8m @ 11.7g / t gold 84m @ 1.98g / t gold from 84m including 10m @ 6.31g / t gold 40m @ 2.52g / t gold from 44m 60m @ 3.03g / t gold from 106m including 8m @ 12.9g / t gold Puzzle North drilling program significantly expanded from 3,000m to 7,500m due to the substantial upside potential in the area . Outstanding high - grade visible gold intercept returned from step - out drilling at the Admiral deposit : 5m @ 60.7g / t gold from 265m in 21USRC892 . Significant assay results returned from initial Resource upgrade and extensional drilling at the Butterfly North deposit . Work progressed on the Feasibility Study on a standalone gold project at Ulysses , with the Study expected to be finalised during the September 2021 Quarter . Corporate • Cash on hand of $ 11M at quarter - end . Genesis Managing Director , Michael Fowler , said : “ During the quarter , we began to expand our horizons beyond the known deposits at the expanded Ulysses Project with drilling focusing on extensions to the known Resources and beginning to test potential new areas . " The visible gold intercept of 5m at 60.7g / t in step - out drilling at Admiral was a highlight and we also reported some impressive broad zones of mineralisation in drilling at the emerging Puzzle North area . " Our success in the Puzzle North area prompted us to more than double the scope of the current drill program to 7,500m , given that we see a clear opportunity to drill out a substantial shallow Mineral Resource relatively quickly . " Feasibility work also continued across multiple fronts during the quarter , consistent with our dual - track strategy of aggressively drilling to grow our Resource inventory and advancing development studies based on a substantial standalone mid - tier gold operation at Ulysses . " 1 Refer to Table 1 of this announcement for details of the Resource Estimate for the Ulysses Gold Project ASX Release : June 2021 Quarterly Activities Report 1