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Genmin Limited (ASX:GEN)

ALERT: Price-sensitive ASX Announcement for GEN
Current share price for GEN : $0.008 -0.015 (-65.22%)+
Announcement
Release
5 Nov 2025 8:28AM
Price at Release
$0.023
Full Release
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Summary
Genmin Limited announced that Greg Lilleyman has transitioned to the role of Executive Chair. This move is intended to capitalize on his extensive experience in iron ore project financing and development as the company approaches the final investment decision for its Baniaka iron ore project in Gabon. Greg Lilleyman, who joined Genmin's board in July 2024 and became non-executive Chair in December 2024, has a substantial background including leadership roles at Fortescue and Rio Tinto. His new role as Executive Chair will involve an average commitment of 2.5 days per week, with a remuneration of US$240,000 per annum, inclusive of superannuation. This transition supports Genmin's strategic objectives as it prepares to commence commercial production by late 2026 once project financing is secured.
Key Points
  • Greg Lilleyman transitions to Executive Chair at Genmin Limited.
  • The Baniaka iron ore project is 'build ready' pending final investment decisions.
  • Lilleyman's role includes leveraging his 37 years of experience in mining projects.
  • He previously held leadership roles at Fortescue and Rio Tinto.
  • The Baniaka project has significant potential and regulatory approvals in Gabon.
  • Commercial production at Baniaka is targeted for late 2026.
  • Lilleyman's remuneration is set at US$240,000 per annum.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.