Focus Minerals Ltd · ASX:FML
Focus Minerals — Shareholder Meeting (November 2010)
23 slides from Focus Minerals's shareholder meeting presentation, Nov 26, 2010
Slide 1: Focus Minerals AGM – An Australian Gold Producer
Perth For personal use only Focus Minerals AGM 26 November 2010 An Australian Gold Producer Production, Profits, Potential A substantial mid-tier producer built on a platform of Integrity, excellence and commercial discipline 1
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. For personal
Slide 3: Bringing Focus...into Focus
Bringing Focus...into Focus Situated in prolific Eastern For personal use only Goldfields gold belt – 2.6Moz production endowment Producing profitably for 2.5 years Targeting sustained production of 130,000 oz by 2012 Two producing underground mines Open pits pending in 2011 Resource Base of 2.1 mil
Slide 4: 2009/10 - Highlights
2009 /10 - Highlights Commissioned Three Mile Hill mill For personal use only Produced 62,000 ounces – up 50% Profit of $10.9 million Spent $6 million on Exploration Increased Resource base to 2.1 million ounces Increased Reserves from 75K to 265K ounces Increased underground production at Tindals f
Slide 5: 2009/10 financial performance
2009 /10 financial performance FY2010 ($,000) FY2009 ($,000) Change For personal use only Revenue 73,738 43,258 70% Cost of sales (45,452) (20,666) 120% Gross profit 28,226 22,592 25% Other expenses & (3,949) (5,205) -25% income Net interest costs (1,203) (3,854) -69% Depreciation & (12,192) (10,386
Slide 6: 3D Fly-Through
6 For personal use only 3D Fly-Through
Slide 7: Our Success – Commissioning the Three Mile Hill Mill
Our Success – Commissioning the Three Mile Hill Mill Key milestone for your company For personal use only Mill opened December 2009 following a $22 million refurbishment Processing at +100,000 per month since June 2010 Reduced mill operating costs from $42/tonne to $24/tonne Replacement value of $70
Slide 8: Our Success - Driving down costs
Our Success - Driving down costs $80.00 For personal use only $70.00 $60.00 $50.00 Mining $/tonne Milling $/tonne $40.00 $30.00 $20.00 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 • Working constantly to lower unit operating costs • Cash costs have increased due to impact of Toll Milling and increased process
Slide 9: Looking Towards 2011 – Tindals Mining Centre
Looking Towards 2011 – Tindals Mining Centre We will continue to mine and For personal use only explore Gold endowment of 2,500 ounces per vertical metre 2.4 million tonnes @ 4.1 g/t Resource in Measured, Indicated and Inferred Tindals Reserve of 1.2 Million Tonnes @ 3.4 g/t Cyanide Project under re
Slide 10: Our Success – Tindals and Geophysics
Our Success – Tindals and Geophysics • Using technology to build a Drilling program planned For personal use only platform of exploration success Drilling Program planned Drilling Program planned • Recent success in unlocking 8m @ 55 .6g/t 2m @ 20.7 g/t 20.0m @ 6.5 g/t 3m @ 31.1 g/t Perseverance Nor
Slide 11: Looking Towards 2011 – The Mount
Looking Towards 2011 – The Mount For personal use only Footprint of 300m – remains open at depth within multiple lines of lodes Current Inferred Resource of 370,000 oz with Probable Reserve of 79,000t @ 8 g/t Phase I is complete, Phase 2 Underway Exploration decline and drive costs fully funded by P
Slide 12: Next Phase – from trial mining to potential 60,000 oz pa
Next Phase – from trial mining to potential 60,000 oz pa For personal use only 12
Slide 13: The Mount Box Cut – November 2010
The Mount Box Cut – November 2010 For personal use only 13
Slide 14: Looking Towards 2011 – Tindals Open Pits
Looking Towards 2011 – Tindals Open Pits 30,000 tonnes per month, For personal use only planned for April 2011 From small things big things often grow Each current pit demonstrates clear potential to grow with further work UG and OP potential Near Surface Resources Growing with drilling such as Happ
Slide 15: Exploration: A Rich Portfolio of History and Potential
Exploration: A Rich Portfolio of History and Potential Continuous gold production for over 100 years (2.6m ounces produced) For personal use only 1st time in history that the Coolgardie region has been consolidated by a single company Discrete projects can be assessed effectively as part of a much b
Slide 16: Looking Towards 2011 – Exploration
Looking Towards 2011 – Exploration Coolgardie surface & underground programs For personal use only Lindsays Mining Centre – evaluating drilling from underground The Mount – significant regional potential, near mine strike and depth extensions Nepean Nickel Lake Cowan – Treasure Island 16
Slide 17: Lake Cowan Project
Lake Cowan Project A World Class Location For personal use only Greenfields exploration in the gold fields Gold project on the southern extension of the Boulder-Lefroy Fault system 58.9 g/t, 48.4 g/t & 39.8 g/t surface samples
Slide 18: Towards 2011- Lake Cowan (Treasure Island)
Towards 2011- Lake Cowan (Treasure Island) For personal use only Eastern Vein array Results stem from sampling & mapping conducted at regular intervals over two separate areas on edge of Island Significant number of samples contain extensive finely disseminated visible gold in 18 quartz
Slide 19: Towards 2011- Lake Cowan (Treasure Island)
Towards 2011- Lake Cowan (Treasure Island) For personal use only Southern Vein Array detailed sampling Drilling program 1st Quarter 2011 19
Slide 20: Our Future… The Priorities
Our Future… The Priorities For personal use only Focus is poised for an exciting phase of growth in 2011 & beyond Quality Assets, Profitable, Resource & Reserve Growth to Continue! Expanding Mining at the Tindals Mining Centre Fast Track Development at The Mount Rich Organic Growth Pipeline @
Slide 21: Production, Profits, Potential
For personal use only Production, Profits, Potential Building a substantial mid-tier producer 21
Slide 22: FML Resources as at 30th September 2010
FML Resources as at 30th September 2010 For personal use only 22
Slide 23: FML Reserves at 30th September 2010
FML Reserves at 30th September 2010 For personal use only 23