Focus Minerals Ltd.

Published : November 26th, 2008

Chairman's Supplementary Statement - AGM 25th November 2008

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
+ADw-html xmlns:v+AD0AIg-urn:schemas-microsoft-com:vml+ACI- xmlns:o+AD0AIg-urn:schemas-microsoft-com:office:office+ACI- xmlns:w+AD0AIg-urn:schemas-microsoft-com:office:word+ACI- xmlns+AD0AIg-http://www.w3.org/TR/REC-html40+ACIAPg- +ADw-head+AD4- +ADw-meta http-equiv+AD0-Content-Type content+AD0AIg-text/html+ADs- charset+AD0-utf-7+ACIAPg- +ADw-meta name+AD0-ProgId content+AD0-Word.Document+AD4- +ADw-meta name+AD0-Generator content+AD0AIg-Microsoft Word 11+ACIAPg- +ADw-meta name+AD0-Originator content+AD0AIg-Microsoft Word 11+ACIAPg- +ADw-link rel+AD0-File-List href+AD0AIg-20081126346783+AF8-fichiers/filelist.xml+ACIAPg- +ADw-link rel+AD0-Edit-Time-Data href+AD0AIg-20081126346783+AF8-fichiers/editdata.mso+ACIAPg- +ADwAIQ---+AFs-if +ACE-mso+AF0APg- +ADw-style+AD4- v+AFw-:+ACo- +AHs-behavior:url(+ACM-default+ACM-VML)+ADsAfQ- o+AFw-:+ACo- +AHs-behavior:url(+ACM-default+ACM-VML)+ADsAfQ- w+AFw-:+ACo- +AHs-behavior:url(+ACM-default+ACM-VML)+ADsAfQ- .shape +AHs-behavior:url(+ACM-default+ACM-VML)+ADsAfQ- +ADw-/style+AD4- +ADwAIQBb-endif+AF0---+AD4APAAh---+AFs-if gte mso 9+AF0APgA8-xml+AD4- +ADw-o:DocumentProperties+AD4- +ADw-o:Author+AD4-QMoreau+ADw-/o:Author+AD4- +ADw-o:LastAuthor+AD4-QMoreau+ADw-/o:LastAuthor+AD4- +ADw-o:Revision+AD4-2+ADw-/o:Revision+AD4- +ADw-o:TotalTime+AD4-1+ADw-/o:TotalTime+AD4- +ADw-o:Created+AD4-2008-11-27T10:06:00Z+ADw-/o:Created+AD4- +ADw-o:LastSaved+AD4-2008-11-27T10:07:00Z+ADw-/o:LastSaved+AD4- +ADw-o:Pages+AD4-1+ADw-/o:Pages+AD4- +ADw-o:Words+AD4-1533+ADw-/o:Words+AD4- +ADw-o:Characters+AD4-8435+ADw-/o:Characters+AD4- +ADw-o:Company+AD4-AMBRE+ADw-/o:Company+AD4- +ADw-o:Lines+AD4-70+ADw-/o:Lines+AD4- +ADw-o:Paragraphs+AD4-19+ADw-/o:Paragraphs+AD4- +ADw-o:CharactersWithSpaces+AD4-9949+ADw-/o:CharactersWithSpaces+AD4- +ADw-o:Version+AD4-11.9999+ADw-/o:Version+AD4- +ADw-/o:DocumentProperties+AD4- +ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4APAAh---+AFs-if gte mso 9+AF0APgA8-xml+AD4- +ADw-w:WordDocument+AD4- +ADw-w:SpellingState+AD4-Clean+ADw-/w:SpellingState+AD4- +ADw-w:GrammarState+AD4-Clean+ADw-/w:GrammarState+AD4- +ADw-w:HyphenationZone+AD4-21+ADw-/w:HyphenationZone+AD4- +ADw-w:ValidateAgainstSchemas/+AD4- +ADw-w:SaveIfXMLInvalid+AD4-false+ADw-/w:SaveIfXMLInvalid+AD4- +ADw-w:IgnoreMixedContent+AD4-false+ADw-/w:IgnoreMixedContent+AD4- +ADw-w:AlwaysShowPlaceholderText+AD4-false+ADw-/w:AlwaysShowPlaceholderText+AD4- +ADw-w:BrowserLevel+AD4-MicrosoftInternetExplorer4+ADw-/w:BrowserLevel+AD4- +ADw-/w:WordDocument+AD4- +ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4APAAh---+AFs-if gte mso 9+AF0APgA8-xml+AD4- +ADw-w:LatentStyles DefLockedState+AD0AIg-false+ACI- LatentStyleCount+AD0AIg-156+ACIAPg- +ADw-/w:LatentStyles+AD4- +ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4- +ADw-style+AD4- +ADwAIQ--- /+ACo- Style Definitions +ACo-/ p.MsoNormal, li.MsoNormal, div.MsoNormal +AHs-mso-style-parent:+ACIAIgA7- margin:0cm+ADs- margin-bottom:.0001pt+ADs- mso-pagination:widow-orphan+ADs- font-size:12.0pt+ADs- font-family:+ACI-Times New Roman+ACIAOw- mso-fareast-font-family:+ACI-Times New Roman+ACIAOwB9- p.section1, li.section1, div.section1 +AHs-mso-style-name:section1+ADs- font-size:12.0pt+ADs- font-family:+ACI-Times New Roman+ACIAOw- mso-fareast-font-family:+ACI-Times New Roman+ACIAOwB9- span.SpellE +AHs-mso-style-name:+ACIAIgA7- mso-spl-e:yes+ADsAfQ- span.GramE +AHs-mso-style-name:+ACIAIgA7- mso-gram-e:yes+ADsAfQ- +AEA-page Section1 +AHs-size:595.3pt 841.9pt+ADs- margin:70.85pt 70.85pt 70.85pt 70.85pt+ADs- mso-header-margin:35.4pt+ADs- mso-footer-margin:35.4pt+ADs- mso-paper-source:0+ADsAfQ- div.Section1 +AHs-page:Section1+ADsAfQ- --+AD4- +ADw-/style+AD4- +ADwAIQ---+AFs-if gte mso 10+AF0APg- +ADw-style+AD4- /+ACo- Style Definitions +ACo-/ table.MsoNormalTable +AHs-mso-style-name:+ACI-Tableau Normal+ACIAOw- mso-tstyle-rowband-size:0+ADs- mso-tstyle-colband-size:0+ADs- mso-style-noshow:yes+ADs- mso-style-parent:+ACIAIgA7- mso-padding-alt:0cm 5.4pt 0cm 5.4pt+ADs- mso-para-margin:0cm+ADs- mso-para-margin-bottom:.0001pt+ADs- mso-pagination:widow-orphan+ADs- font-size:10.0pt+ADs- font-family:+ACI-Times New Roman+ACIAOw- mso-ansi-language:+ACM-0400+ADs- mso-fareast-language:+ACM-0400+ADs- mso-bidi-language:+ACM-0400+ADsAfQ- +ADw-/style+AD4- +ADwAIQBb-endif+AF0---+AD4- +ADw-/head+AD4- +ADw-body lang+AD0-FR link+AD0-blue vlink+AD0-blue style+AD0-'tab-interval:35.4pt'+AD4- +ADw-div class+AD0-Section1+AD4- +ADw-div+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:20.0pt+ADs-font-family: Georgia+ADs-color:black+ADs-mso-ansi-language:EN-GB'+AD4-Focus Minerals Limited (ASX: FML)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family: Georgia+ADs-color:black+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-div style+AD0-'border:solid windowtext 1.0pt+ADs-padding:1.0pt 4.0pt 1.0pt 4.0pt'+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:14.0pt+ADs-font-family: Georgia+ADs-color:black+ADs-mso-ansi-language:EN-GB'+AD4-ASX RELEASE +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-26 NOVEMBER 2008+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-a name+AD0AIg-OLE+AF8-LINK1+ACIAPgA8-/a+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:20.0pt+ADs-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Chairman+IBk-s Supplementary Statement+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-u1:stockticker u2:st+AD0AIg-on+ACIAPgA8-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:20.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-AGM+ADw-/u1:stockticker+AD4- 25th November 2008+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-Ladies and Gentlemen,+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-In January 2008, Focus completed a feasibility study of the +ADw-span class+AD0-SpellE+AD4-Perserverance+ADw-/span+AD4- gold project. This analysis showed that a profitable operation could be commenced at +ADw-span class+AD0-SpellE+AD4-Coolgardie+ADw-/span+AD4-. It is now eight months since the commencement of gold mining at the Perseverance gold mine. We are currently mining ore for our sixth gold production campaign. Perseverance is producing at higher extraction rates than earlier, due to the position +ADw-span class+AD0-SpellE+AD4-we+ADw-span class+AD0-GramE+AD4-?ve+ADw-/span+AD4APA-/span+AD4- reached underground and the knowledge of the ore body we now possess.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-As you would expect, we have reconciled our current position up to campaign six, which says that we have actually mined 67,641 tonnes of ore +AEA- 6.66 gm/t for 14,478 ounces versus a predicted 64,117 tonnes of ore +AEA- 6.40 gm/t for 13,203 +ADw-span class+AD0-GramE+AD4-ounces ?+ADw-/span+AD4- +ADw-span class+AD0-GramE+AD4-an+ADw-/span+AD4- outcome your Board is very pleased with. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-We +ADw-span class+AD0-SpellE+AD4-haven+ADw-span class+AD0-GramE+AD4-?t+ADw-/span+AD4APA-/span+AD4- set out necessarily to beat our targets, but we have been concerned very much with achieving what we have said we would. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-There is inherent risk involved in mining, particularly given the great timeframes often required to bring projects to fruition. The market changes rapidly, project design cannot resolve everything that needs to be known and sometimes surprises arise that need to be dealt with on the run. We are no different to other companies in this regard. We have had our fair share of surprises, but +ADw-span class+AD0-SpellE+AD4-I+ADw-span class+AD0-GramE+AD4-?m+ADw-/span+AD4APA-/span+AD4- pleased to say they have been greatly weighted to pleasant surprises. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-At the time of beginning gold production in April this year, I remember saying to a number of you and some analysts that were interested in following our progress, that I hoped and expected that we would be rerated, once we were a producer and our share price would reflect this positively. Clearly mine and the +ADw-span class+AD0-SpellE+AD4-Company+ADw-span class+AD0-GramE+AD4-?s+ADw-/span+AD4APA-/span+AD4- expectations have not been delivered in this regard. Our share price languishes and continues to defy a reasonable degree of logic. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-This is disappointing for all of the people involved in Focus +ADw-span class+AD0-GramE+AD4-Minerals ?+ADw-/span+AD4- +ADw-span class+AD0-GramE+AD4-shareholders+ADw-/span+AD4-, the Board and employees and staff alike. +ADw-span class+AD0-SpellE+AD4APA-span class+AD0-GramE+AD4-I?m+ADw-/span+AD4APA-/span+AD4- sure all would have shared my belief concerning the upside expectations.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-In our most recent Annual Report, I touched very briefly upon global volatility. If World War I was +ADw-span class+AD0-GramE+AD4-the ?+ADw-/span+AD4-war to end all wars?, then surely this world wide economic debacle, will be the mother of all downturns. I believe we are a number of years away from major, sustainable improvements in this area. Yet in an Australian context, things could be much worse.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-There is no doubt the international gold price denominated in US dollars, has been a little volatile and will continue to be until world interest rates settle to+ACY-nbsp+ADs- a sustainable new floor.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-The Australian gold price though has been comparatively stable, and recent currency rate movements have supported this outcome. Most of +ADw-span class+AD0-SpellE+AD4-Focus?s+ADw-/span+AD4- gold production is currently open to the spot gold price, which continues to have a positive impact on our cash flow and future bottom line.+ACY-nbsp+ADs- The resource sector per se has been hit by the European and North American recession and the slowing of demand in both +ADw-u1:country-region u2:st+AD0AIg-on+ACIAPg-China+ADw-/u1:country-region+AD4- and +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:country-region u2:st+AD0AIg-on+ACIAPg-India+ADw-/u1:country-region+AD4APA-/u1:place+AD4-. Relative resilience in our part of the globe should shield Australian companies somewhat, but all will be affected in some way. The major question will be the depth and length of the affect. There is no doubt that the FML share price has been caught up in the general downturn in the resources sector and any other fundamentals that should be used in the judgement, shelved in that regard.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span class+AD0-GramE+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-I?m+ADw-/span+AD4APA-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- also fervently of the belief that we cannot blame our current share price entirely on the world economic situation.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-It is clear that this influences investor choices, but we need to concentrate on our own issues as well. We are still clearly seen by the market as having not yet provided it with a sustainability platform. We are judged on what we are right now and what the Perseverance mine will contribute to the Company.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4-+ADw-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-No value is placed upon the balance of the ground we have, nor on the fact that we have learnt a lot about our nickel holdings, where we can begin to mine that as soon as the price and demand returns to sustainable economic levels.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-I and the rest of the Board are of the view that we can do little to influence the outcome of the global issues that impact the Company and the sector in which we work. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-We believe it best to focus our attention on those matters where we can have an impact, tell and retell the story of our current and future development and position ourselves to take advantage of the many opportunities ahead.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-You are probably sitting there saying yes it sounds fine, but what does it mean for our company in reality? Well clearly we need to do something to have the market better understand our longevity, the resources at our disposal and the opportunities ahead.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-On the longevity issue, we have been undertaking a major review of our Perseverance and close-by potential ore +ADw-span class+AD0-GramE+AD4-bodies ?+ADw-/span+AD4- +ADw-span class+AD0-GramE+AD4-Countess, +ADw-span class+AD0-SpellE+AD4-Tindals+ADw-/span+AD4- and Cyanide.+ADw-/span+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-We had hoped to be in a position to make a detailed announcement today. We are close, but need some further final definition before doing so. Whilst this is not far away, our current expectation is that the final definition will indicate an increase in the tonnes available, the reserve and the number of ounces to be extracted from Perseverance. We expect therefore to see an increase in our mine life. Adjacent ore bodies - particularly at Countess are anticipated to also underpin and add to this outcome, with an expectation that we will be mining some of the ore bodies simultaneously.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Work is also being undertaken at the moment to evaluate the use of short development drives underground from the existing old workings to connect Empress, Countess and +ADw-span class+AD0-SpellE+AD4-Tindals+ADw-/span+AD4- thereby shortening the development timeframe. We are also undertaking a life of mine study over the ground covered by +ADw-span class+AD0-SpellE+AD4-Perserverance+ADw-/span+AD4-, +ADw-span class+AD0-SpellE+AD4-Tindals+ADw-/span+AD4- and Cyanide. We will announce this as soon as it is completed, but we remain buoyed by early findings.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-On the question of +ADw-span class+AD0-GramE+AD4-resources ?+ADw-/span+AD4- +ADw-span class+AD0-GramE+AD4-particularly+ADw-/span+AD4- human resources ? Focus has tended to be relatively conservative, hiring the best available, but limiting our hire to only what we need today. With limited cash flow in the past, we have chosen to put as much of it in the ground as possible. Right now though, many companies across +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:country-region u2:st+AD0AIg-on+ACIAPg-Australia+ADw-/u1:country-region+AD4APA-/u1:place+AD4-, in nearly every sector are announcing that they will be shedding people. We intend to buck that trend somewhat by saying to you, that now +ADw-span class+AD0-GramE+AD4-is+ADw-/span+AD4- the right time to bring additional horse power into the Company to focus on current and future opportunities and provide for future succession. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-We have been lucky to secure the services of Mr. Campbell Baird who will join us as Chief Operating Officer. +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:City u2:st+AD0AIg-on+ACIAPg-Campbell+ADw-/u1:City+AD4APA-/u1:place+AD4- has had a stellar career in mining, joining us from Vulcan Resources. He is a mining engineer specialising in open pit, underground and narrow vein mining operations and in addition, has a Masters Degree in International Finance. +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:City u2:st+AD0AIg-on+ACIAPg-Campbell+ADw-/u1:City+AD4APA-/u1:place+AD4- will report to Peter Williams and will be a significant resource in the area we can do something about - existing and future opportunities.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-We have also sought your approval to increase the quantum available for the +ADw-span class+AD0-SpellE+AD4-director+ADw-span class+AD0-GramE+AD4-?s+ADw-/span+AD4APA-/span+AD4- fees pool. The potential of the future opportunities may see the need to judiciously expand the Board for expertise seen as important at the time. In addition, five years ago, your directors took a decision to hold their fee levels at 2003 levels until the Company achieved its gold production ambitions. We are now well behind other companies in fee levels and we will raise them shortly, but the board has agreed that such increase will be in line with current community expectations and will not seek to catch up for the past. We do need however, to +ADw-span class+AD0-GramE+AD4-be +ACY-nbsp+ADs-competitive+ADw-/span+AD4- and in a position to attract quality Board members, when the need arises.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-The downturn is definitely going to put into play a number of opportunities to grow your Company significantly and put to an end, any questions concerning its future. I expect the problem will be more of a question as to which opportunity to chase, rather than there not being enough to choose from. We have defined our priorities for the next two years as concentrating on gold. This will clearly be in +ADw-span class+AD0-SpellE+AD4-Coolgardie+ADw-/span+AD4-, but as opportunities arise, we will also be prepared to evaluate projects across +ADw-u1:country-region u2:st+AD0AIg-on+ACIAPg-Australia+ADw-/u1:country-region+AD4- and in certain parts of +ADw-u1:place u2:st+AD0AIg-on+ACIAPg-Asia+ADw-/u1:place+AD4-. The latter opportunities will need to have some quantifiable advantage over further investment in +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:country-region u2:st+AD0AIg-on+ACIAPg-Australia+ADw-/u1:country-region+AD4APA-/u1:place+AD4-. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-Other commodities will not be out of the question, but will once again need to stack up against a list of key indicators internally.+ACY-nbsp+ADsAJg-nbsp+ADs- We want to participate in these opportunities, and the Board is a firm believer in it now being the right time to improve the number and quality of the resources we have at our disposal. Your Board will continue to be hands on as it has been to date. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:City u2:st+AD0AIg-on+ACIAPgA8-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-Campbell+ADw-/u1:City+AD4APA-/u1:place+AD4-?s+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- arrival will also allow Peter Williams, and where appropriate, myself, to increase the marketing of your Company to the broader market and to ensure people understand what we are trying to achieve. I am therefore hopeful that all of these initiatives will result in a sustained improvement in the share price and an underpinning of your Company.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-Thank you for your attention.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs- font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-We+ADw-span class+AD0-GramE+AD4-?ll+ADw-/span+AD4APA-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- now work our way through the rest of the AGM, Agenda items.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-bottom:12.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:gray+ADs-mso-ansi-language: EN-GB'+AD4-READ CORPORATE+ADw-b+AD4- +ADw-/b+AD4APA-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:7.5pt+ADs- font-family:Georgia+ADs-color:gray+ADs-mso-ansi-language:EN-GB'+AD4APA-br+AD4- +ADw-/span+AD4APA-/b+AD4APA-strong+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs- color:+ACM-CC0000+ADs-mso-ansi-language:EN-GB+ADs-font-weight:normal'+AD4-Public Relations Corporate Communications+ADw-/span+AD4APA-/strong+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs- font-family:Georgia+ADs-color:+ACM-CC0000+ADs-mso-ansi-language:EN-GB'+AD4APA-br+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:gray+ADs- mso-ansi-language:EN-GB'+AD4-T: (8) 9388-1474+ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:+ACM-CC0000+ADs-mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- color:+ACM-CC0000+ADs-mso-ansi-language:EN-GB'+AD4AfAA8-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:navy+ADs-mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:gray+ADs-mso-ansi-language: EN-GB'+AD4-F: (8) 9388-1472+ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs- font-family:Georgia+ADs-color:navy+ADs-mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:+ACM-CC0000+ADs-mso-ansi-language: EN-GB'+AD4AfAA8-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- color:navy+ADs-mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 10.0pt+ADs-font-family:Georgia+ADs-color:gray+ADs-mso-ansi-language:EN-GB'+AD4-E: +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:gray'+AD4APA-a href+AD0AIg-blocked::mailto:info+AEA-readcorporate.com.au+ACI- title+AD0AIg-blocked::mailto:info+AEA-readcorporate.com.au+ACIAPgA8-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-info+AEA-readcorporate.com.au+ADw-/span+AD4APA-/a+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:gray+ADs-mso-ansi-language: EN-GB'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- color:+ACM-CC0000+ADs-mso-ansi-language:EN-GB'+AD4AfAA8-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:navy+ADs-mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:gray+ADs-mso-ansi-language: EN-GB'+AD4-Web: +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:gray'+AD4APA-a href+AD0AIg-http://www.readcorporate.com.au+ACI- title+AD0AIg-blocked::http://www.readcorporate.com.au/+ACYAIw-10+ADs-http://www.readcorporate.com.au/+ACIAPgA8-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-www.readcorporate.com.au+ADw-/span+AD4APA-/a+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'color:navy+ADs-mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:navy+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal+AD4-+ADw-script type+AD0AIg-text/javascript+ACIAPg- +ADwAIQ--- xtnv +AD0- document+ADs- //parent.document or top.document or document xtsd +AD0- +ACI-http://logi13+ACIAOw- xtsite +AD0- +ACI-272956+ACIAOw- xtpage +AD0- +ACI-Focus+AF8-Minerals+AF8--+AF8-Chairman's+AF8-Supplementary+AF8-Statement+AF8--+AF8-AGM+AF8-25th+AF8-November+AF8-2008+ACIAOw- //--+AD4- +ADw-/script+AD4-+ADw-script type+AD0AIg-text/javascript+ACI- src+AD0AIg-http://www.24hgold.com/xiti.js+ACIAPg- +ADw-/script+AD4-+ADw-noscript+AD4APA-img border+AD0-0 width+AD0-1 height+AD0-1 id+AD0AIgBf-x0000+AF8-i1027+ACI- src+AD0AIg-http://logi13.xiti.com/hit.xiti?s+AD0-272956+ACY-amp+ADs-p+AD0AIgA+ADw-/p+AD4- +ADw-/div+AD4- +ADw-/body+AD4- +ADw-/html+AD4-
Data and Statistics for these countries : Australia | China | India | All
Gold and Silver Prices for these countries : Australia | China | India | All

Focus Minerals Ltd.

PRODUCER
CODE : FML.AX
ISIN : AU000000FML4
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Focus Min. is a gold development stage company based in Australia.

Focus Min. holds various exploration projects in Australia.

Its main assets in production are COOLGARDIE, TINDALS MINING CENTRE and MOUNT GOLD in Australia and its main exploration properties are NEPEAN MINE, MOUNT (REDEMPTION JV), LAKE COWAN and TREASURE ISLAND in Australia.

Focus Min. is listed in Australia and in Germany. Its market capitalisation is AU$ 52.1 millions as of today (US$ 38.9 millions, € 33.5 millions).

Its stock quote reached its highest recent level on March 05, 2004 at AU$ 9.75, and its lowest recent point on March 13, 2020 at AU$ 0.15.

Focus Min. has 182 750 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Focus Minerals Ltd.
FY12 Annual Report & September Quarterly Report
Nominations of Focus Minerals Ltd.
7/5/2011Crescent Directors Accept the Focus Offer
4/20/2011Appoints two new directors to board
1/14/2009Appointment of Chief Operating Officer
3/4/2008 Appoints Mining Contractor, Signs Toll Treatment Agreement ...
Project news of Focus Minerals Ltd.
7/11/2011June Gold Production up 34%
6/8/2011Open Briefing: CEO on Production Ramp-Up and Outlook
5/23/2011(Tindals Mining Centre)Commences production at Tindals open pits
4/19/2011(Tindals Mining Centre)Commences development of three new open pits at Tindals Mini...
3/17/2011(Mount Gold)Production set for significant boost as mining starts at The...
3/4/2011(Treasure Island)Focus acquires remaining stake in Treasure Island gold proje...
3/1/2011(Tindals Mining Centre)High-grade results point to more open pit resources at Tinda...
2/10/2011(Tindals Mining Centre)Resources upgrade and bumper drilling results highlight stro...
1/24/2011(Coolgardie)High-grade intercepts at Big Blow strengthen Tindals open pi...
1/12/2011(Coolgardie)Hits target with production of 21,000oz in December quarter
6/15/2010Acquires High-Grade Gold-Copper Project in WA
9/7/2009(Mount (redemption Jv))Poised to Become Significant Mid-Tier Gold Producer After Se...
9/7/2009(Mount (redemption Jv))Commencement of Mining at The Mount
8/11/2009(Tindals Mining Centre)High Grade Intercepts at Tindals Mining Centre
8/11/2009(Tindals Mining Centre)Exploration Drilling Delivers Further High-Grade Gold Interc...
2/12/2009(Coolgardie)80% Increase in Gold Resources at Brilliant Deposit, Coolgar...
5/28/2008Commencement of Nepean Drilling Programme to Underpin Ongoin...
4/29/2008(Coolgardie)Delivers Maiden Gold Pour at Coolgardie Project, Western Aus...
4/3/2008(Perseverance) Upgraded Gold Reserves at Perseverance Gold Deposit Boosts ...
4/2/2008(Nepean Mine)Outstanding High-Grade Nickel Intercepts Enhance Nepean Proj...
3/26/2008(Coolgardie)Substantial Resource Upgrade for Countess Gold Deposit, Cool...
3/7/2008(Coolgardie)unveils $64m Strategy to Buyout Cooolgardie Gold JV
2/19/2008(Coolgardie)Further Resource Upgrade for High-Grade Perseverance Gold De...
Corporate news of Focus Minerals Ltd.
6/9/20162015 Annual Report
4/29/2016March Quarterly Activities and Cashflow Report
4/29/2016Coolgardie and Laverton Exploration Update
4/18/20162015 Annual Report
3/31/20162015 Full Year Financial Accounts
1/29/2016December 2015 Quarterly Activities and Cashflow Report
1/27/2016More Evidence of Significant System at Karridale
11/17/2015Maiden High Grade Resource For Bonnie Vale
10/29/2015September 2015 Quarterly Activities and Cashflow Report
10/16/2015Bonnie Vale Resource Modelling Commences
8/25/2015Correction to Quarterly Activities and Cashflow Report
7/29/2015June 2015 Quarterly Activities and Cashflow Report
7/24/2015Coolgardie Exploration Update: Bonnie Vale Continues to Deli...
4/13/2015Laverton Exploration Update
3/31/2015Focus Minerals Limited – Financial Report YE 2014
2/11/2015Coolgardie Exploration Update
2/11/2015Focus Minerals Ltd December 2014 Quarterly
12/4/2013Director Retirement
12/4/2013AGM Address
2/5/2013Management Change
1/31/2013December Quarterly Report
9/28/2012FY12 Full Year Results
8/7/2012Diggers & Dealers Presentation
10/13/2011Crescent Gold Board Changes
9/1/2011Launches iPad App on the Apple iTunes Store
8/3/2011Relevant Interest Over 50% in Crescent
6/29/2011and Crescent Release Their Bidder's and Target's Statements
6/20/2011Takeover of Crescent Gold by Focus Minerals
4/14/2011On track to accelerate growth plans after completing $7m SPP...
2/7/2011To report 28% rise in interim profit to $6.2M
1/31/2011December 2010 Quarterly Report
8/24/2010Profit Guidance - Record full year net profit
7/29/2010June 2010 Quarterly Activities Report
7/29/2010Quarterly Report for the Period Ending 30 June 2010
7/16/2010Outstanding Copper Grades from Sampling at Treasure Island
7/7/2010On Track to Produce 80,000oz for Calendar Year 2010 - Over 4...
6/3/201080% Increase in Gold Resources at Cyanide Deposit
4/30/2010March 2010 Quarterly
4/30/2010Activities Report For The Quarter Ended 31 March 2010
3/4/2010Delivers First Half A$4.9m Interim Net Profit
1/28/2010Activities Report For The Quarter Ended 31 December 2009
1/27/2010Signs Deal with La Mancha
11/26/2009Market Update
11/9/2009Record Milling Campaign Delivers Gold Production of ~ 21,900...
10/27/2009September Activities Report
10/19/2009Audio Presentation to the Australian Gold Conference
9/17/2009 (Audio) Focus Announces Maiden 2009 Year Net Profit - Mr Ca...
9/9/2009(Audio) Emerging Mid-Tier Gold Producer Steps Closer to Prod...
8/12/2009Signs Mill Treatment Exclusivity Agreement with Matsa Resour...
7/29/2009(Audio) Board Room Radio Broadcast
7/23/2009June Quarterly Activities Report
6/30/2009Delivers Record Gold Production of 19,226oz From Recent Mill...
2/24/2009Landmark A$28M Capital Raising To Fund Aggressive Growth Str...
1/23/2009 Activities Report for the Quarter Ended 31 December 2008
12/1/2008(Tindals Mining Centre)69% Increase in Probable Ore Reserves at Tindals Mining Cent...
11/26/2008Chairman's Supplementary Statement - AGM 25th November 2008
7/29/2008June Quarterly Report
5/1/2008Completes Settlement of JV Acquisition
5/1/2008Quarterly Activities Report
3/11/2008Completes $14M Placement, Announces Details of Share Purchas...
1/31/2008December 2007 Quarterly Activities Report
1/31/2008Enters into Exclusivity Agreement to Negotiate the Proposed ...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (FML.AX)FRANKFURT (FZA.F)
0.285+1.79%0.168+2.44%
AUSTRALIA
AU$ 0.285
10/22 15:09 -
1.79%
Prev close Open
0.280 0.270
Low High
0.270 0.285
Year l/h YTD var.
0.235 -  0.410 -16.18%
52 week l/h 52 week var.
0.235 -  0.410 -27.85%
Volume 1 month var.
290,582 14.00%
24hGold TrendPower© : -40
Produces Gold
Develops
Explores for Gold - Nickel
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2021-16.18%0.430.28
202047.83%0.490.15
201931.43%0.450.17
2018-45.31%0.370.15
2017-21.95%0.560.32
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.02-2.50%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.47+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.34-0.60%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 1.15+1.77%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 1.05+1.94%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 4.05-1.46%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.28-3.02%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.46-2.15%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-2.50%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.92-5.50%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.44+1.86%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+3.13%Trend Power :