Focus Minerals Ltd.

Published : November 09th, 2009

Record Milling Campaign Delivers Gold Production of ~ 21,900oz

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Keywords :   Gold Producer | Gold Production |

 

Focus Minerals Ltd (ASX: FML)

 

ASX RELEASE                                                                                                        9 November 2009

 

RECORD MILLING CAMPAIGN DELIVERS GOLD PRODUCTION OF ~ 21,900OZ

 

HIGHLIGHTS

 

·                     Focus’ ninth milling campaign at Greenfields toll treatment facility delivers record gold production of approximately 21,900ozs

·                     Recent milling campaign bolsters the Company’s cash and bullion position which currently stands at A$19.8m

·                     Exploration drilling continues to test strike and depth extensions of known deposits at the Tindal’s Mining Centre

·                     Final stages of mill refurbishment currently being undertaken with recommissioning on target for December

 

Gold producer Focus Minerals (ASX: FML) is pleased to provide an update on activities at its Coolgardie Gold Project, including the recently completed milling campaign that has delivered record gold production of approximately 21,900 ounces subject to finalisation of calculations of gold in circuit remaining in the treatment facility.

 

 for a total of 49 effective milling days.-Focus completed its current milling campaign on 1 November - its ninth since production began in April 2008  

The record production comes as the Company makes final preparations to move all gold processing to its 100%-owned, 1.2Mtpa Three Mile Hill gold processing facility, which is currently in the final stages of refurbishment ahead of recommissioning in December.

 

It also follows Focus’ recent announcement of new high-grade gold intersections from drilling programs being undertaken at the Tindals Mining Centre  reinforcing the Company’s belief that areas surrounding the known deposits have the potential to house additional high-grade mineralisation.-

After already paying $18.5 million for the mill refurbishment, the Company has available cash and bullion totalling A$19.8 million. The strong cash position allows Focus to aggressively ramp up drilling programmes in the area, paving the way for increases in the current Resource and Reserve estimates.

 

 

Exploration Drilling

 

As previously announced, a strategic 5,000m exploration campaign has been underway since June this year and is targeting extensions of Perseverance, Countess, Empress and Tindals, which the Company considers underexplored.


In the latest round of assay results, which were released last month, Focus announced significant high-grade gold intersections which included down-hole intercepts of 0.95m at 170.94g/t, 3.14m at 12.1g/t, 0.95m at 21.33g/t and 5.76m at 3.61g/t. These results have indicated that further extensions in the Perseverance orebody are likely and importantly, were outside of the current resource base and over 100 metres below the current Perseverance workings. There were also sections of visible gold encountered.

 

The drilling programme has so far been very successful and planning is now underway to follow up some of these excellent intersections to target further extensions of the mineralised structures.

 

In addition, a second rig was mobilised on 3 November and will immediately test exploration targets from surface within close proximately to existing mining operations.

 

 

Summary

 

Focus is aiming to achieve substantially increased gold production in the coming years, with the refurbishment and re-commissioning of the Company’s 1.2 million tonne per annum Three Mile Hill processing plant to underpin production of 80,000 ounces in 2010 and +100,000 ounces from 2011 onwards..

Focus’ Chief Executive Officer, Campbell Baird, commenting on the Company’s record gold output from its latest milling campaign said: “This is the second consecutive record in terms of gold production so it is obviously very pleasing and provides us with valuable revenue, especially given the continuing strong gold price.

 

“We are now also in the final stages of bringing the Three Mile Hill mill on line, so the next couple of months are very important and an extremely busy time for us, and will culminate in first ore being processed at Three Mile Hill sometime in December,” he added.

 

Mr Baird also said that the Company was very excited by the positive results being received from exploration drilling: “The positive results received so far from drilling have been very encouraging to say the least, and have major implications as we look to significantly grow our reserve and resource base,” he said.

 

 recent results suggest this confidence is well founded and we will continue to aggressively pursue our exploration strategy over the coming months,” added Mr Baird-“We have always been very confident that the broader Tindals area would host substantial additional resources .

 

ENDS

 

 

Released by:

On behalf of:

Nicholas Read/Jason Cunningham

Campbell Baird, CEO

Read Corporate

Focus Minerals Ltd

Telephone: (+61-8) 9388-1474

Telephone: (+61-8) 9215-7888

www.readcorporate.com.au

Web: www.focusminerals.com.au

 

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

 

Focus Minerals Ltd.

PRODUCER
CODE : FML.AX
ISIN : AU000000FML4
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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$ 53.0 millions as of today (US$ 37.6 millions, € 33.2 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.

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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 ...
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