Genesis Minerals Limited (ASX: GMD) (Genesis Minerals) is an ASX-listed gold producer and explorer with gold mining operations selling gold bullion produced from its operations and processing hubs at Leonora and Laverton in Western Australia.
Magnetic Resources NL (ASX:MAU) (Magnetic Resources) is a gold explorer and developer, with activities focused on advancing the Lady Julie and Laverton district projects in Western Australia. Magnetic does not have any active mining or gold production operations.
Genesis Minerals proposes to acquire 100% of the issued shares in Magnetic Resources by way of a scheme of arrangement.
Key Dates
Waiver Application
3 Mar 2026
Determination Published
19 Mar 2026
ACCC Determination
Approved
Industry Classification
0804
Gold Ore MiningMining › Metal Ore Mining › Metal Ore Mining
1012
Mineral ExplorationMining › Exploration and Other Mining Support Services › Exploration