Chart usGOLD   Chart usSILVER  
 
Food for thought
Taxing capital gains is like sawing the limbs of a fruit bearing tree
Irwing Fischer  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1173.57-25.03
Silver 16.09-0.39
Platinum 1231.80-6.50
Palladium 781.505.60
WORLD MARKETS
DOWJONES 17195227
NASDAQ 456617
NIKKEI 16414756
ASX 550548
CAC 40 423694
DAX 9304189
HUI 165-13
XAU 68-5
CURRENCIES ($)
AUS $ 1.1327
CAN $ 1.1193
Euro 0.7950
GBP (£) 0.6247
Sw Fr 0.9589
YEN 111.6360
RATIOS & INDEXES
Gold / Silver72.94
Gold / Oil14.69
Dowjones / Gold14.65
COMMODITIES
Copper 3.120.01
WTI Oil 79.91-0.61
Nat. Gas 3.72-0.01
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
( 0 vote, 0/5 ) Print article
     
Tweet

Focus Minerals Ltd (ASX: FML)

 

ASX / MEDIA RELEASE                                                                                                   29 April 2008

 

FOCUS DELIVERS MAIDEN GOLD PRODUCTION AT COOLGARDIE PROJECT, WESTERN AUSTRALIA

FIRST 6,000t OF ORE PRODUCES APPROXIMATELY 2,000 OUNCES

 

 

 

 

 

KEY POINTS

 

·            Focus produces approximately 2,000 oz of gold from 6,000t  at grades in excess of 10g/t Au in first official gold pour in Coolgardie today

·            Earlier pours this month have produced a further 1,000 ounces from previously stockpiled ore, making a total of approximately 3,000 ounces produced to date

·            Higher than expected grades auger well for future development of the Perseverance ore body and surrounding areas

 

Australian-based gold and nickel company Focus Minerals Ltd (ASX: FML) is pleased to announce that it has completed its first official gold pour, comprising approximately 2,000 ounces, from the Perseverance Gold Deposit, part of its 100%-owned Coolgardie Gold Project in Western Australia.

 

The gold pour marks a significant achievement for Focus as it becomes Australia’s newest gold producer, and also heralds the revival of the historic Coolgardie Gold Field which has produced over 2.6 million ounces since 1892.

 

The official gold pour was attended in Coolgardie today by dignitaries including the Federal Member for Kalgoorlie, Mr Barry Haase MP, the Member for Murchison-Eyre, Mr John Bowler MLA, community leaders and members of the local and national media.

 

The gold produced was achieved from processing 6,000 tonnes of Perseverance ore at a grade in excess of 10 g/t Au which compares favourably with the reserve grade for the deposit of 8.3g/t Au. It comes after development of the Perseverance deposit commenced last month following a positive Bankable Feasibility Study (BFS) completed last year.

 

The combination of today’s official gold pour in addition to previous pours totalling approximately 1,000 ounces - sourced from previously stockpiled ore - will make up the Company’s first gold shipment of approximately 3,000 ounces. This effectively represents the Company’s first cashflow.

 

Commenting on the significant milestone, Focus Minerals’ Managing Director, Mr Peter Williams said: “Today’s gold pour is a defining moment for Focus and I’d like to thank our valued shareholders, the local Coolgardie and Kalgoorlie communities, our staff and contractors and everyone else who has supported us along the way.”

 

Focus recently upgraded the Probable gold reserve at Perseverance to an estimated 287,000t @ 8.3 g/t/Au

for a total of 76,000 ounces and early indications are that this figure will be improved upon based on the grades already being produced, which are higher than initial estimations.

 

“The ore grades we’ve been receiving have been excellent but not entirely unexpected given the conservative nature of our estimations,” said Mr Williams.

 

Mr Williams also said that while production was now Focus’ priority list, it was the delineation of additional ore reserved that will ensure the long-term prosperity of Focus

 

“We are still very confident that there are significant high-grade deposits yet to be discovered on our Coolgardie landholdings and that these deposits – along with our exciting nickel assets - will ensure the long term prosperity of Focus,” he said.

 

 

ENDS

 

 

Released by:

On behalf of:

Nicholas Read/Jason Cunningham

Don Taig, Chairman

Peter Williams, Managing Director

Read Corporate
Focus Minerals Ltd

Telephone: (+61-8) 9388-1474

Telephone: (+61-8) 9215-7888

www.readcorporate.com.au

Web: www.focusminerals.com.au

 

 

COMPETENT PERSON’S STATEMENT

The information in this report relating to Resources and Reserves are based on work supervised by Mr Chuck McCormick who is a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr McCormick has the relevant experience as a “Competent Person” as defined in the 2004 edition of the Australasian Code for Reporting of Mineral Resources and Ore Reserves in relation to the mineralisation reported on. Mr McCormick is Exploration Manager of Focus Minerals Ltd and consents to the inclusion of the material in the form and content in which it appears.

 

The information in this report that relates to Ore Reserves was prepared under the direction of Brett Ustick, who is a member of The Australian Institute of Mining and Metallurgy. Brett Ustick is a full-time employee of Redemption Management Pty Ltd. Brett Ustick has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity for which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Brett Ustick consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

 

BACKGROUND INFORMATION – FOCUS MINERALS LTD

Focus Minerals Ltd (ASX: FML) is an Australian-based exploration and development group whose focus is to become a significant gold and nickel producer in the Coolgardie-Kalgoorlie-Widgiemooltha region of Western Australia.

 

Focus Minerals is the largest landholder in the Coolgardie Gold Belt located in Western Australia, 560km east of Perth and 35km west of the ‘Super Pit’ in Kalgoorlie-Boulder. More than 2.6 million ounces of gold has been produced from the Coolgardie gold belt alone since 1892. Focus holds the mineral rights to more than 210sq km of tenements including Measured, Indicated and Inferred Resources exceeding 1.65 million ounces of gold as well as the 1.2mtpa Three Mile Hill processing plant.

 

Focus Minerals is also fast tracking development of its wholly-owned Nepean Nickel Project (current estimated resource totalling 591,300t @ 2.2% Ni) located 25km south of Coolgardie. Focus has a view of recommencing mining operations from the historic production centre in 2008.

 

 

READ CORPORATE
Public Relations Corporate Communications
T: (+61-8) 9388-1474 | F: (+61-8) 9388-1472 | E: info@readcorporate.com.au | Web: www.readcorporate.com.au 

PLEASE NOTE:

This e-mail and any attachments may contain confidential and/or privileged material and is for the intended addressee(s) only. If you are not an intended addressee, you must not use, copy, retain, disclose or distribute this information. Please notify the sender immediately by return e-mail and delete the message from your system. If you believe that this message constitutes a Commercial Electronic Message (CEM) under the Spam Act 2003 and you wish to unsubscribe please contact the originator of this message with the subject line of unsubscribe.

Note: Virus scanning is carried out on all incoming and outgoing email, but cannot be guaranteed to be timely, secure, error or virus-free. To protect against computer viruses, e-mail programs may prevent sending or receiving certain types of file attachments. If you are having problems please check your e-mail security settings to determine how attachments are handled.

 

Tweet

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
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Focus Minerals Ltd.
11/1/2010Coolgardie gold miner now has its Treasure Island
11/9/2009Focus Minerals shows that Coolgardie is not a museum piece
Annual reports of Focus Minerals Ltd.
FY12 Annual Report & September Quarterly Report
2010 Annual Report
2008 Annual report
2007 Annual report
2006 Annual report
2005 Annual report
Nominations of Focus Minerals Ltd.
7/5/2011Crescent Directors Accept the Focus Offer
4/20/2011Appoints two new directors to board
4/20/2009Appoints Preferred Contractor for Refurbishment and Recommis...
1/14/2009Appointment of Chief Operating Officer
Project news of Focus Minerals Ltd.
11/25/2010(Treasure Island)High-grade gold outlined over 200m strike length at Treasure...
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
11/1/2010(Lake Cowan)High-grade gold results from Treasure Island
10/6/2010High-grade near-surface gold hits strengthen Happy Jack open...
9/16/2010(Coolgardie)More high-grade results show strong potential of Perseveranc...
9/15/2010Focus profit trebles on record production
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...
6/11/2008(Coolgardie)Delivers Further High-Grade Gold Production at Coolgardie Pr...
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...
3/7/2008(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.
2/5/2013Management Change
1/31/2013December Quarterly Report
12/3/2012Analyst Report on Focus Minerals
12/2/2012Video=3A focus Minerals AGM
11/23/2012=2D AGM Voting Reminder
9/28/2012FY12 Full Year Results
8/7/2012Diggers & Dealers Presentation
11/14/2011Presentation to Sydney Gold Symposium
11/11/2011AGM Site Tour
10/27/2011Quarterly Activities Report
10/20/2011New Focus Minerals Corporate Videos
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
9/21/2010Receives speculative buy recommendation from Eagle Research'...
9/15/2010Record Profits
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
2/16/2010Market Update
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...
7/23/2009June Quarterly Activities Report
6/30/2009Delivers Record Gold Production of 19,226oz From Recent Mill...
5/1/2009March Quarterly Report
4/1/2009Company Update
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
10/21/2008Activities Report for the Quarter Ended 30 September 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 ...
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (FML.AX)FRANKFURT (FZA.F)
0.010-9.09%0.008+14.29%
AUSTRALIA
AU$ 0.010
10/31 17:10 -
-9.09%
Prev close Open
0.011 0.011
Low High
0.010 0.012
Year l/h YTD var.
0.010 -  0.020 -%
52 week l/h 52 week var.
0.010 -  0.020 -%
Volume 1 month var.
21,033,976 -%
24hGold TrendPower© : -31
Produces Gold
Develops
Explores for Gold - Nickel
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
20140.00%0.020.01
2013-66.67%0.040.01
2012-40.00%0.060.03
20110.00%0.100.05
2010-16.67%0.080.04
 
5 years chart
 
3 months chart
 
3 months volume chart