Focus Minerals Ltd · ASX:FML
Focus Minerals — Shareholder Meeting (May 2021)
19 slides from Focus Minerals's shareholder meeting presentation, May 28, 2021
Slide 1: Transition To Mine Ready – AGM Presentation May 2021
Focus Minerals Ltd For personal use only Transition To Mine Ready AGM Presentation May 2021 Beasley Creek, Laverton, Western Australia
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
Focus at a glance Focus Minerals Share Price Performance 1/05/2020 to 30/04/2021 For personal use only Daily Trading Close Share Price A$ Peak 11 Aug 2020 A$0.48 0.5 0.45 Perth Mint Spot Average 0.4 Bid Range A $2,193 – 2,852 0.35 0.3 0.25 0.2 20 20 20 20 20 21 21 21 21 0 0 0 02 02 02 20 20 20 20 20
Slide 4: WA's next multi-asset, long-life gold producer
WA’s next multi-asset, long-life gold producer Two significant projects – in a Tier 1 mining jurisdiction For personal use only Coolgardie Gold Project CNX – multi-rig drilling underway at Coolgardie in May • Coolgardie PFS refresh delivered a robust result from just 24% 2021 of Coolgardie’s rapidly
Slide 5: WA's next multi-asset, long-life gold producer
WA’s next multi-asset, long-life gold producer Two significant projects – in a Tier 1 mining jurisdiction For personal use only Coolgardie District – potential near-term return to production • 175km2 highly prospective tenements • Total Indicated and Inferred Mineral Resources comprise 34.8MT @ 2.2
Slide 6: A busy year
A busy year Coolgardie and Laverton progress since our last AGM For personal use only At Coolgardie • Drilled 18,368m • Added 306,000oz to Total Measured + Indicated + Inferred Inventory across: • CNX +174% increase • Brilliant +12% increase • Bonnie Vale +6.4% increase • Resource additions achieved
Slide 7: Coolgardie Gold Project
Coolgardie Gold Project Coolgardie PFS Refresh (announced 22 September 2020) For personal use only Summary Results • Growing resource base 34.8Mt @ 2.2 g/t for 2.5Moz • Proven and Probable Reserve is 6.6Mt @ 1.97 g/t for 422Koz with very good resource-to-reserve conversion rate of 68% • Just 24% of
Slide 8: Coolgardie – new opportunities
Coolgardie Coolgardie – new opportunities For personal use only Opportunities • Current JORC 2012 Mineral Resource base is growing quickly with resource addition since 2018 at < $15/oz • CNX multi-rig drilling underway for expedited Mineral Resource update in June 2021 • Brilliant Mineral Resource r
Slide 9: Coolgardie – Momentum into 2021
Coolgardie Momentum into 2021 For personal use only Coolgardie Feasibility and Resource Development Fast Track • 1 RC rig and 2 DD rigs at Coolgardie during April/May • YTD resource drilling at CNX well advanced with 6,152m RC, 4,475.94m DD • CNX resource update due June 2021 • Big Blow & Happy Jack
Slide 10: Optimise Coolgardie and make it mine ready first
Coolgardie Optimise Coolgardie and make it mine ready first For personal use only Feasibility and Permitting Work Underway • 360 Environmental progressing base line and permitting (announced in May 2021) Three Mile Hill Mill to be refurbished: • EPC refurbishment budget with upgrade to 1.4Mtpa $24M
Slide 11: Coolgardie – Target for remainder of year
Coolgardie Target for remainder of year For personal use only Gold g/t View NW of CNX hole 21CNDD004 • Update non-PFS resources at CNX and Alicia for inclusion in expanded mine schedule • Brilliant Mineral Resource updated and feasibility pit refined for inclusion in expanded feasibility mine schedu
Slide 12: Laverton Gold Project – Progress since our last AGM
Laverton Gold Project Progress since our last AGM For personal use only • Drilled 13,681m at Laverton • Focus have added 610,000oz to Total Measured + Indicated + Inferred Inventory at the following deposits. • Resource addition during 2020 at < A$ 7/oz Panned Gold Tail 20BSRD012 33 - 34m Deposit In
Slide 13: Laverton – Progress year to date
Laverton Progress year to date For personal use only Gold g/t Laverton targeted in the March quarter 2021 • 10,740m drilled in March Quarter at Laverton delivering strong intersections at several deposits and a discovery at Skull Creek – announced April 2021) • Karridale fresh rock sighter test work
Slide 14: Laverton Stage 1 PFS
Laverton Laverton Stage 1 PFS (announced 16 April 2021) For personal use only Summary Stage 1 Results • Probable Reserve is 12.6Mt @ 1.34g/t for 546Koz • Very good resource-to-reserve conversion rate of 71% from only 21% of the resource base • 9.25-year mine life using a refurbished, centrally locat
Slide 15: Laverton – The Big Picture For Stage 2
Laverton The Big Picture For Stage 2 For personal use only • Stage 2 to include Karridale’s fresh rock Indicated Mineral Resource of 16Mt @ 1.4g/t for 719Koz – Karridale remains open for extension/growth • Additional base feed via staged conversion of The potential quantity and grade of the Explorat
Slide 16: Laverton – The Big Picture For Stage 2
Laverton The Big Picture For Stage 2 For personal use only Opportunities • Large fresh rock Mineral Resource at Karridale excluded from PFS – still undergoing metallurgy test work • Very large bulk tonnage exploration targets in the Burtville- Karridale mine corridor • These exploration targets alre
Slide 17: Laverton – The Big Picture For Stage 2
Laverton The Big Picture For Stage 2 For personal use only Laverton remains a “big brother” project – a long-life, large-scale value driver • Beasley Creek deposits are open for Mineral Resource update • More than 18 open pit deposits with JORC 2004 Mineral Resources reported at 1g/t cut-off remain
Slide 18: Primed to deliver value for all shareholders
Primed to deliver value for all shareholders Achievements Underway Clear Path For personal use only Built a proficient team – delivering Complete Karridale fresh rock Ideally placed as markets look for WA's mostly Indicated Mineral Resource metallurgy study (EOY 2021) next sustainable gold productio
Slide 19: WA's next multi-asset, long-life gold producer
WA’s next multi-asset, long-life gold producer For more information please contact: For personal use only Alex Aaltonen General Manager Exploration 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 Per