Focus Minerals Ltd · ASX:FML
Focus Minerals — Investor Presentation (February 2009)
26 slides from Focus Minerals's investor presentation, Feb 24, 2009
Slide 1: Making Sustainable Gold Production a Reality
For personal use only Making Sustainable Gold Production a Reality Corporate Presentation February 2009
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this p presentation is an overview and does not contain all information necessaryy for investment decisions. In making investment
Slide 3: Contents
Contents For personal use only 1 Focus Minerals – An Overview 2 The Opportunity 3 Proposed Capital Raising 4 Development Timeline 3
Slide 4: Key Assets
Focus Minerals – Key Assets For personal use only • Large 210km2 tenement position in world- class Coolgardie minerals province • ~1.8Moz JORC-compliant gold resource base in multiple deposits • Fully permitted 1 1.2Mtpa 2Mtpa Three Mile Hill Gold Plant • Nepean Nickel Project (Inferred Resource 591
Slide 5: An Overview
Focus Minerals – An Overview For personal use only • Multiple deposits containing gold resources of 1.8Moz (incl. reserves) • Commercial gold production commenced in April 2008 • Current Reserves – 111,255oz – Perseverance – 82,555oz – Countess – 28,700oz • Targeting production of 45,000oz in 2009 a
Slide 6: Resource Statement
Focus Minerals – Resource Statement For personal use only Tenements Total Resource (incl. Reserves) Current Knowledge Tonnes Grade oz Au Perseverance 608,500 6.92 135,400 Cyanide (Tyndals east) 367,000 5.54 65,400 Countess 468,000 3.89 58,500 Empress 679,500 2.14 46,800 The Mount 2 090 000 2,090,000
Slide 7: Directors
Directors • Fellow of both the Australian Institute of Company Directors and the For personal use only Donald Taig Australian Society of Certified Practising Accountants Executive Chairman • 11 years with CRA Ltd and past Director of Metals Exploration Ltd (B Com FAICD (B.Com, FAICD, FCPA) • Previou
Slide 8: Management
Management • Recently the General Manager, Operations for Vulcan Resources Ltd developing the For personal use only Campbell Baird Kylylahti Copper Cobalt mine in Finland Chief Executive Officer • 5 years as a Senior Consultant with SRK Consulting B Eng (Min), Masters of • Extensive practical experi
Slide 9: Contents
Contents For personal use only 1 Focus Minerals – An Overview 2 The Opportunity 3 Proposed Capital Raising 4 Development Timeline 9
Slide 10: The Opportunity
Focus Minerals – The Opportunity For personal use only • Focus Minerals has an advanced pipeline of development projects and the ability to produce in excess of 100,000oz pa sustainably • Focus Minerals wants to seize the opportunity of the rising gold price • To increase production, Focus must incr
Slide 11: Realising the Opportunity
Focus Minerals – Realising the Opportunity For personal use only Refurbishing the existing Three Mile Hill mill to a throughput rate of 1.2Mtpa will: • Lower operating costs significantly – economies of scale • Substantially increase available throughput from 0.4Mtpa to 1.2Mtpa • G Greatly eat y e e
Slide 12: Contents
Contents For personal use only 1 Focus Minerals – An Overview 2 The Opportunity 3 Proposed Capital Raising 4 Development Timeline 12
Slide 13: Use of Funds
Focus Minerals – Use of Funds Focus Minerals is proposing to raise $A28m in order to expand production For personal use only capacity to >100,000oz pa. Source of Funds Use of Funds 2009 Proposed capital Refurbish & modernise A$25m A$18m raising Three Mile Hill Plant Resource Development A$4.6m Advan
Slide 14: Capital Structure & Corporate Info.
Focus Minerals – Capital Structure & Corporate Info. Existing fully paid shares 1,246.1m (incl. 140m escrowed until 30/04/09) For personal use only Unlisted options 56.3m exercisable at prices between $0.05 and $0.175 Convertible note: $2m 8.25%pa convertible on or before 30/04/2009 at $0.075/share
Slide 15: Enterprise Value / Resource
Focus Minerals – Enterprise Value / Resource Focus is trading below the average of other Gold Producers. For personal use only EV / Resource (A$ / oz) 400 346 335 300 A$ / oz 200 161 Average: A$105/oz2 100 80 62 59 42 31 25 16 16 10 0 FML AVO IAU DIO CTO TRY NGF BCD SLR DOM AXM SBM Peer Company 1. I
Slide 16: Contents
Contents For personal use only 1 Focus Minerals – An Overview 2 The Opportunity 3 Proposed Capital Raising 4 Development Timeline 16
Slide 17: Project Pipeline
Focus Minerals – Project Pipeline Focus intends to bring Countess, Empress, Cyanide and The Mount Deposits For personal use only into production in the near future - followed by other projects. Perseverance Countess Current to Oct 2010 Empress The Mount Cyanide 3rd Quarter 2009 Resource: 1st Qtr 201
Slide 18: Tindals Mining Centre: Major Deposits
Focus Minerals – Tindals Mining Centre: Major Deposits • Tindals Mining Centre resource inventory – 550,000oz For personal use only • Indicated – 348,700oz • Inferred I f d – 206,900oz 206 900 U/G Access from Tindals Decline Cyanide Perseverance 367,000 @ 5.54g/t Au Indicated 608,400 @ 6.92g/t Au Co
Slide 19: Potential At Depth & Recent Success
Focus Minerals – Potential At Depth & Recent Success For personal use only Tindals Mining Centre Lyndsays Bayleys Brilliant 7 kms Tindals Mining Centre 200 m Perseverance Brilliant Bayleys Lyndsays 19
Slide 20: Changing our Production Profile
Focus Minerals – Changing our Production Profile The refurbishing of Three Mile Hill will allow processing capacity to increase For personal use only from 0.4Mtpa via toll treating to 1.2Mtpa (excess capacity to be filled by toll treating) treating). Current and expanded mill capacity 14 1.4 Expande
Slide 21: Future Production Profile
Focus Minerals – Future Production Profile Currently Focus is producing ~45,000oz pa…by refurbishing the mill, For personal use only sustainable production of +100,000oz pa is achievable. Current and expanded gold production through increased mill capacity 140 120 00) Ounces (‘00 100 80 Expanded pro
Slide 22: Targeted Reserves of 700,000oz
Focus Minerals – Targeted Reserves of 700,000oz The Proposed Capital Raising will enable Focus to fast track existing resources For personal use only into reserves. Expected increase in current gold reserves 800 700 600 nd Ounces s 500 ~700koz 400 Thousan 300 200 100 128.7koz 0 Current Reserves Targ
Slide 23: Long Term Development Pipeline
Focus Minerals – Long Term Development Pipeline Focus has a number of projects that it anticipates to develop in 2009/2010 For personal use only with sustainable production expected. Gold resource ounces1, revenue and production commencement pipeline Project – Revenue ($m) 450 400 Mount - $433m Reso
Slide 24: A Sustainable Future
Focus Minerals – A Sustainable Future For personal use only 45,000oz , in >80,000oz , next >100,000oz , in 2009 year 2011 • Focus is already a profitable gold producing company • Debt free by December 2009 • Hedge d free f b by September S b 2009 • Focus will refurbish the Three Mile Hill mill and m
Slide 25: Competent Persons Statement
Competent Persons Statement For personal use only • The information in this report p relatingg to Exploration p Results,, Mineral Resources or Ore Resources is based on information compiled by Dr Garry Adams who is a Member of the Australian Institute of Mining and Metallurgy and has sufficient expl
Slide 26: For personal use only
For personal use only Phone: +61 8 9215 7888 Ph Fax: +61 8 92157889 Email: info@focusminerals.com.au www.focusminerals.com.au
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