Genmin Limited reported an updated Detrital Iron Deposits Mineral Resource Estimate (MRE) completed by independent mining consultants Golder Associates Pty Ltd. (Golder), at the Company's 100% owned Baniaka Iron Ore Project (Baniaka), located in the Republic of Gabon, central West Africa. Baniaka is comprised of 12 major prospects of varying maturity. The updated DID MRE relates only to the Tsengué and Bandjougoy prospects. This DID MRE is based on geological information and assay data from 118 shallow, infill Auger holes at the Tsengué and Bandjougoy prospects for a total advance of 1,464m (Infill Auger Drilling). In line with the Company's expectations, minor variations in tonnage and grade for the Tsengué and Bandjougoy prospects are noted between the updated July 2021 MRE in comparison to the April 2020 MRE. This is a result of the inclusion of the Infill Auger Drilling information. Total tonnage has increased from 60.5 million tonnes (Mt) to 63.1Mt (+4.3%), in-situ iron grade has reduced marginally from 47.2% to 46.6% (-1.3%), with overall contained metal increasing 3.2%. Laboratory scale metallurgical test work on DID has shown with washing, screening and where necessary dense media separation, Lump and Fines iron ore products are produced at indicative iron grades of 60-64% Fe with mass yields between 51-67%.