Focus Minerals Ltd · ASX:FML
Focus Minerals — Shareholder Meeting (May 2019)
21 slides from Focus Minerals's shareholder meeting presentation, May 31, 2019
Slide 1: Annual General Meeting Presentation
FFT:FZA ASX:FML Focus Minerals Ltd For personal use only Beasley Creek Photo taken on 13 Feb 2019 Annual General Meeting Presentation ASX:FML 31 May 2019 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. For personal use only The information in this presentation is an overview and does not contain all information necessary for investment d
Slide 3: Focus at a glance: Who we are
Focus at a glance Who we are For personal use only Focus is a Perth-based, ASX-listed gold exploration company focused on delivering shareholder value from its Laverton Gold Project, in Western Australia’s north-eastern Goldfields. The Laverton project covers 507km2 area of highly prospective ground
Slide 4: Focus at a glance: The Strategies
Focus at a glance The Strategies For personal use only Laverton Gold Project 1. Stage 1: Building +5 year LOM open pit production pipeline a. Beasley Creek b. Wedge and Lancefield North c. Karridale and Burtville South d. Sickle e. Ida-H 2. Stage 2: Developing +10 year LOM open pit and UG production
Slide 5: Establishing an Experienced Exploration and Resource Development Team
Focus at a glance Establishing an Experienced Exploration and Resource Development Team For personal use only Alex Aaltonen - General Manager Exploration • +22yrs Exploration/Mining Leadership in Australia and abroad. Multi commodity experience successful track record on grass roots to advanced mini
Slide 6: Key Project Locations
Laverton Key Project Locations For personal use only Wedge Beasley Creek Sickle Ida-H Burtville Karridale
Slide 7: Beasley Creek
Laverton Exploration Highlights For personal use only Beasley Creek Very high/bonanza grade intersections at Beasley Creek with resource definition drilling underway 18BSDD0061 - 19.00m @ 11.12g/t Au from 163.0m, including 1.8m @ 105.45g/t Au from 174.8m 19BSRD0081 - 13.00m @ 11.22g/t from 155m, inc
Slide 8: Wedge to Lancefield North
Laverton Exploration Highlights For personal use only Wedge to Lancefield North Resource Drilling at Wedge and Lancefield North • Open pitable resource definition in progress • Resource expected in Q3 2019 • Significant intersections over +1.5km strike: • 18WDRC003 – 7m @ 7.35g/t Au from 96m • 18WDR
Slide 9: Karridale Mineral Resource Updated
Laverton Exploration Highlights For personal use only Karridale Mineral Resource Updated • 85% (113,829oz) of additional ounces located between surface an 150m depth • Resource addition to 200m depth completed at $12/oz is highly competitive • Initial Exploration Target comprising 23.5-29Mt @ 1.33 –
Slide 10: Burtville South
Laverton Exploration Highlights For personal use only Burtville South Footprint extended to +450m x +2.2km • Initial footprint spaced RC at 160m x 160m and 160m x 320m located mineralization 200mRL • Infill holes at 160m x 80m confirm multiple Karridale- Burtville style mineralised structures -200mR
Slide 11: Sickle Open Pit
Laverton Exploration Highlights For personal use only Sickle Open Pit Gold in Massive Sulphide Sickle Tension lode 18SKRD002 - 59.44m @ 2.02g/t Au from 202m, including 13m @ 3.06 g/t Au from 221m ASX Announcement: 25 March 2019 11
Slide 12: Ida-H Open Pit
Laverton Exploration Highlights For personal use only Ida-H Open Pit 18IHRD003 Very High Grade at Ida-H 18IHRD003 - 5m @ 7.98g/t Au from 97m (30% Core Loss), including 0.65m @ 47.22g/t Au from 100.45m ASX Announcement: 25 March 2019 12
Slide 13: Strategy: Moving Towards Production
Laverton Strategy For personal use only Moving Towards to Production Ready for Stage 1 Pipeline Preliminary studies underway including: • Engineering, • Metallurgy, • Geotech Engineering, • Environmental Baseline, • Hydrogeological Framework Stage 1 Pipeline Key Dates in 2019 13
Slide 14: Strategy: Stage Pipeline
Laverton Strategy For personal use only Stage 2 Pipeline Goal: Developing +10 year LOM open pit production pipeline Work completed in the last 12 months • Mineral Resource update at Lancefield • Geophysics activity to refine target • Access Agreement for Lake Carey executed 14
Slide 15: Lancefield Underground
Laverton Exploration Highlights For personal use only Lancefield Underground Lancefield UG exceeds 750Koz 200mRL Inferred Resources • 3.94Mt @ 6.3 g/t Au for 793,000oz -200mRL Resource Increased by 39.6% or 225,000oz ASX Announcement: 23 July 2018 15
Slide 16: Lake Carey
Laverton Exploration Highlights For personal use only Lake Carey N Geophysics: • Jun – Nov 2018 Ground gravity/seismic used to confirm buried topographic high • Topographic high supports local source of gold in Sons of Gwalia Lake AC drilling • Feb – Mar 2019 Detailed drone AMAG flown to improve exp
Slide 17: Coolgardie Highlights
Coolgardie Highlights For personal use only Progress Divestment, maintain tenements and add value • Signed Exclusivity Deed with Intermin Resource Ltd (ASX: IRC) • April 2019 RC drill tested Nepean South tenements for gold • May/June 2019 drilling underway targeting: • RC Follow up 2018 Emu Hill and
Slide 18: Coolgardie Highlights: Exploration Highlights
Coolgardie Highlights For personal use only Exploration Highlights Bonnie Vale now exceeds 200Koz (Ann. 30/05/2018) • Indicated Resources 519kt @9.1 g/t Au for 152,000oz • Inferred Resources 420kt @ 3.9 g/t Au for 52,500oz • Total Resources 939kt @ 6.8 g/t Au for 205,000oz Gold intersected at NW dol
Slide 19: Summary: Strategies, Achievements and Expectations - Laverton
Summary For personal use only Strategies, Achievements and Expectations - Laverton A two-stage future production pipeline for the Laverton Gold Project • Stage 1: +5yrs Open Pit Production Pipeline • Stage 2: +10yrs Open Pit and UG Production Pipeline Achievements in the last 12 months • Resource up
Slide 20: Summary: Strategies, Achievements and Expectations - Coolgardie
Summary For personal use only Strategies, Achievements and Expectations - Coolgardie Completing the Divestment of Coolgardie Gold Project Achievements in the last 12 months • Executed the Exclusivity Deed with Intermin Resources (ASX:IRC) • Conducted exploration programmes to add more value while ma
Slide 21: Contact Information
Contact Information For personal use only 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 For inv