Focus Minerals Ltd · ASX:FML
Focus Minerals — Shareholder Meeting (July 2020)
17 slides from Focus Minerals's shareholder meeting presentation, Jul 31, 2020
Slide 1: WA’s Next Multi-Asset, Long-Life Gold Producer
Focus Minerals Ltd WA’s Next Multi-Asset, Long-Life Gold Producer AGM Presentation 31 July 2020 Beasley Creek, Laverton Western Australia ASX:FML focusminerals.com.au
Slide 2: Disclaimer and Competent Person’s Statement
Disclaimer and Competent Person’s Statement This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making in
Slide 3: WA’s next multi-asset, long-life gold producer
WA’s next multi-asset, long-life gold producer Two near-term, low CAPEX production hubs – in a Tier 1 mining jurisdiction Laverton District +25Moz in production and reserves • 386km2 highly prospective tenements • Total July 2020 Indicated and Inferred resources comprise 44Mt @ 2.1 g/t Au for 3.0Moz
Slide 4: Focus at a glance
Focus at a glance Focus Minerals YTD Share Price Performance 0.5 30 Jul: A$0.445 0.45 Share Price A$ 0.4 0.35 0.3 0.25 0.2 0.15 0.1 Board and Senior Management Corporate Structure Dianfei Pei Chairman +30yrs in mining Shares on Issue: 182,748,565 Zhaoya Wang Director, CEO +20yrs in mining Market Cap
Slide 5: A Busy Year
A Busy Year Progress since our last AGM Drilled 3,627m at Coolgardie and 48,324m at Laverton for 51,951m Increased Indicated/Measured Inventory by 899,349oz Added 500,000oz to Total Measured + Indicated + Inferred Inventory at: • Beasley Creek +85Koz @ 2.24 g/t Au • Beasley Creek South +79Koz @ 3.55
Slide 6: Renewed Focus
Renewed Focus Balanced Strategy Laverton remains the prime driver of value for Focus Barnicoat Mill 1.5Mtpa • Clear and persistent focus on updating and increasing Mineral Resource to underpin a sustainable mining operation • Next resource update – September 2020 Quarter • PFS underway into mining a
Slide 7: Laverton Gold Project
Laverton Gold Project Low CAPEX Production Hub • July 2020 Total Indicated and Inferred Stage 1 open pit resources comprise: 26.9MT @ 1.6 g/t Au for 1.38Moz • 81% of Stage 1 Open Pit Resource Indicated Category for 21.7Mt @ 1.6 g/t Au for 1.12Moz • Stage 1 mining operation PFS underway for completio
Slide 8: Laverton Gold Project
Laverton Gold Project Laverton Mineral Resource Table July 2020 Stage 1 Total Indicated and Inferred Resources Included in PFS 26.9MT @ 1.6 g/t Au for 1,382,447oz Rapid and efficient Stage 1 open pit resource growth: • 1.29Moz Au (81% Indicated Category) added since July 2018 • Open pit Indicated Re
Slide 9: Laverton Gold Project: Beasley Creek High Grade Oxide Starter Pits
Laverton Gold Project Beasley Creek High Grade Oxide Starter Pits Total Indicated and Inferred Beasley Creek Area Resources 3.68Mt @ 2.6 g/t Au for 307,678oz Rapid resource growth at 15 July 2020 – 213% increase in Total Indicated and Inferred Resource at Beasley Creek South On 28 July, new Beasley
Slide 10: Conceptual Laverton Production Plan
Laverton Gold Project Conceptual Laverton Production Plan Stage 1 Low CAPEX Open Pit Production • Complete Laverton PFS by December 2020 • Finalise Beasley Creek area resource and mine schedule in March 2021 Quarter – high-grade oxide starter pits for ~4 years' production • Secure financing by 1st H
Slide 11: Coolgardie Gold Project
Coolgardie Gold Project Low CAPEX Production Hub • Coolgardie PFS underway with delivery in August 2020 • PFS Total Measured + Indicated + Inferred Resources comprise: Greenfields open pit 2.66Mt @ 1.6 g/t Au for 139,123oz Brilliant South open pit 5.10Mt @ 2.3 g/t Au for 374,500oz Bonnie Vale underg
Slide 12: Coolgardie Gold Project: Underestimated Resource Potential
Coolgardie Gold Project Underestimated Resource Potential Strongly mineralised steep and moderate dipping lodes recognised at Greenfields open pit in June 2020 As announced July 9, 81% boost to Total Indicated and Inferred Greenfields open pit resources 2.66Mt @ 1.6 g/t Au for 139,123oz Greenfields
Slide 13: Coolgardie Gold Project: Serially Under-drilled
Coolgardie Gold Project Serially Under-drilled Exploration has been too constrained resulting in the following issues: 1. Limited attempt to look beyond traditional steep lode hosted mineralisation 2. Holes with incomplete sampling or sampling that targets steep structural positions only 3. Limited
Slide 14: Coolgardie Gold Project: Serially Under-drilled
Coolgardie Gold Project Serially Under-drilled Staged drilling at Brilliant North delivers new mineralisation model: 1. Strongly mineralised moderate dipping lodes are confirmed on the Brilliant trend 2. Moderate dipping mineralisation is developed in addition to traditionally targeted steep dipping
Slide 15: Conceptual Coolgardie Production Plan
Coolgardie Gold Project Conceptual Coolgardie Production Plan • Complete PFS • Secure financing • Low CAPEX refurbishment of Three Mile Hill during 2021 – 9 Months, A$24M including 20% contingency • Mill flow sheet optimisation to 1.4Mtpa • Use open pit base load production to leverage very high-gra
Slide 16: On the cusp of delivering value for all shareholders
On the cusp of delivering value for all shareholders Achievements Underway Clear Path Build and develop proficient team PFS at Laverton and Coolgardie Ideally placed as markets looks for projects WA's next sustainable gold Near-term production shaping up at production investment opportunity two proj
Slide 17: WA’s next multi-asset, long-life gold producer
WA’s next multi-asset, long-life gold producer For more information please contact: Zaiqian Zhang Director, CFO and Company Secretary T: +61 8 9215 7888 E: info@focusminerals.com.au Office Address: Level 2, 159 Adelaide Terrace, East Perth, WA 6004 Postal Address: PO Box 3233, East Perth, WA 6892 Fo