The company confirmed the appointment of former Saracen Mineral Holdings employees.
Former Saracen/Northern Star Resources chief financial officer Morgan Ball has been appointed as chief commercial officer, while former Saracen corporate development officer Troy Irvin will hold the same role at Genesis.
Former Saracen mine manager Lee Stephens has joined the company as general manager projects and operations.
The three will be paid a base salary of just A$100,000 each but will be issued performance rights and options.
A third of the performance rights will vest on the delineation of a 2.5 million ounce resource, another third will vest on achieving a minimum reserve of 1Moz, while the rest will vest on first gold production.
"The fact these key executives have committed to Genesis on fixed remuneration of just $100,000 with substantial at-risk performance-based equity incentives provides a massive vote of confidence in our growth strategy," Finlayson said.
"We have no doubt that there is substantial investor appetite for more mid-to-large-tier gold companies on the ASX. The team we are building will help ensure we capitalise on that opportunity."
Board and management own 21% of Genesis, in line with the company's strategy of thinking and acting like owners.
In a presentation released today, Genesis said its five-year vision was to become a 300,000 ounce per annum gold miner with two long-life operations.
The company declared itself as being "open for business" but said M&A would be just one prong of its strategy.
"High energy, not here to stand still but we will be disciplined," Genesis said.
The company owns the 2 million ounce Leonora gold project, where it expects to see rapid resource growth as all deposits remain open in every direction.
The deposits will be reassessed using "Saracen learnings".
Genesis has a market cap of just under $440 million, compared to Evolution Mining at $8 billion and Northern Star at $12.5 billion.
"We're absolutely driven to bridge that gap," Finlayson said last week.
Genesis has no debt and A$24 million cash. Its bank balance will grow to $69 million assuming in-the-money options are exercised.
On Friday, Canaccord Genuity initiated on Genesis with a buy rating and $2.40 price target.
"While Genesis currently trades on an EV/resource of $181/oz, modestly above the peer average ($124/oz), we highlight the evident growth potential, development optionality and well-deserved management premium as ample justification for the current share price," analyst Tim McCormack said.
Genesis shares rose as high as $1.86 this morning, but last traded 4.6% higher at $1.82.
