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Focus Minerals Ltd.

Publié le 04 mars 2008

Appoints Mining Contractor, Signs Toll Treatment Agreement Ahead of Maiden Gold Pour

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FOCUS MINERALS LTD (ASX: FML)

 

 

ASX / MEDIA RELEASE                                                                                                                                                                                     4  MARCH 2008

 

\

FOCUS APPOINTS MINING CONTRACTOR, SIGNS TOLL TREATMENT AGREEMENT AHEAD OF MAIDEN GOLD POUR

 

Australian-based gold and nickel company Focus Minerals Ltd (ASX: FML), through its Redemption Joint Venture (RJV) with Canadian-based Committee Bay Resources (TXV: CBR), is pleased to announce the appointment of well-known and experienced mining contractor, Barminco Limited, to develop and mine the Company’s flagship Perseverance Gold Deposit located in the world-class Coolgardie Gold region in Western Australia.

 

Barminco gained access to the Perseverance site last week and mobilisation is now complete. Preparatory site works have commenced for the establishment of the underground operation, where an eventual workforce of up to 40 staff will bring Perseverance online as a fully-functioning and producing mine.

 

Additionally, Focus has finalised arrangements for the priority toll treatment of first ore mined from Perseverance through an agreement with Higginsville Mining Pty Ltd to treat Perseverance ore at its Greenfields mineral processing plant at favourable rates, which is located adjacent to the RJV’s fully-permitted 1.2mtpa Three Mile Hill processing facility.

 

The processing agreement – for the guaranteed treatment of up to 480,000 tonnes of RJV ore per annumgives Focus the opportunity to treat smaller tonnages and gain early cash flow, prior to the need to have its own Three Mile Hill treatment plant on line.

 

Under the terms of the agreement, Higginsville Mining will toll treat RJV ore at the Greenfields plant, at competitive rates and on a priority basis.

 

The appointment of the mining contract and signing of the toll treatment agreement represent the final stages required to bring the Perseverance deposit into production, with first gold due to be poured in April.

 

Other recent milestones for the Perseverance Project include the completion of a positive Feasibility Study in December 2007 and last week’s announcement of a 28% increase in Indicated Resources to 490,700 tonnes @ 7.5grams/tonne for 118,500 contained ounces.

 

The longer-term development objective at the Coolgardie Project is to ramp up production to a sustainable level of 80-100,000 ounces per annum from FY2011 onwards from multiple deposits within the development pipeline, with ore to be processed at the Three Mile Hill plant.

 

ENDS

 

 

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.

 

 

 

 

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

 

 

 

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 totaling 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:

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Focus Minerals Ltd.

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CODE : FML.AX
ISIN : AU000000FML4
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Focus Min. est une société développant des projet miniers d'or basée en Australie.

Focus Min. détient divers projets d'exploration en Australie.

Ses principaux projets en production sont COOLGARDIE, TINDALS MINING CENTRE et MOUNT GOLD en Australie et ses principaux projets en exploration sont NEPEAN MINE, MOUNT (REDEMPTION JV), LAKE COWAN et TREASURE ISLAND en Australie.

Focus Min. est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 33,8 millions AU$ (24,4 millions US$, 21,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 05 mars 2004 à 9,75 AU$, et son plus bas niveau récent le 13 mars 2020 à 0,15 AU$.

Focus Min. possède 182 750 000 actions en circulation.

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Rapports annuels de Focus Minerals Ltd.
FY12 Annual Report & September Quarterly Report
Nominations de Focus Minerals Ltd.
05/07/2011Crescent Directors Accept the Focus Offer
20/04/2011Appoints two new directors to board
14/01/2009Appointment of Chief Operating Officer
04/03/2008 Appoints Mining Contractor, Signs Toll Treatment Agreement ...
Projets de Focus Minerals Ltd.
11/07/2011June Gold Production up 34%
08/06/2011Open Briefing: CEO on Production Ramp-Up and Outlook
23/05/2011(Tindals Mining Centre)Commences production at Tindals open pits
19/04/2011(Tindals Mining Centre)Commences development of three new open pits at Tindals Mini...
17/03/2011(Mount Gold)Production set for significant boost as mining starts at The...
04/03/2011(Treasure Island)Focus acquires remaining stake in Treasure Island gold proje...
01/03/2011(Tindals Mining Centre)High-grade results point to more open pit resources at Tinda...
10/02/2011(Tindals Mining Centre)Resources upgrade and bumper drilling results highlight stro...
24/01/2011(Coolgardie)High-grade intercepts at Big Blow strengthen Tindals open pi...
12/01/2011(Coolgardie)Hits target with production of 21,000oz in December quarter
15/06/2010Acquires High-Grade Gold-Copper Project in WA
07/09/2009(Mount (redemption Jv))Poised to Become Significant Mid-Tier Gold Producer After Se...
07/09/2009(Mount (redemption Jv))Commencement of Mining at The Mount
11/08/2009(Tindals Mining Centre)High Grade Intercepts at Tindals Mining Centre
11/08/2009(Tindals Mining Centre)Exploration Drilling Delivers Further High-Grade Gold Interc...
12/02/2009(Coolgardie)80% Increase in Gold Resources at Brilliant Deposit, Coolgar...
28/05/2008Commencement of Nepean Drilling Programme to Underpin Ongoin...
29/04/2008(Coolgardie)Delivers Maiden Gold Pour at Coolgardie Project, Western Aus...
03/04/2008(Perseverance) Upgraded Gold Reserves at Perseverance Gold Deposit Boosts ...
02/04/2008(Nepean Mine)Outstanding High-Grade Nickel Intercepts Enhance Nepean Proj...
26/03/2008(Coolgardie)Substantial Resource Upgrade for Countess Gold Deposit, Cool...
07/03/2008(Coolgardie)unveils $64m Strategy to Buyout Cooolgardie Gold JV
19/02/2008(Coolgardie)Further Resource Upgrade for High-Grade Perseverance Gold De...
Communiqués de Presse de Focus Minerals Ltd.
09/06/20162015 Annual Report
29/04/2016March Quarterly Activities and Cashflow Report
29/04/2016Coolgardie and Laverton Exploration Update
18/04/20162015 Annual Report
31/03/20162015 Full Year Financial Accounts
29/01/2016December 2015 Quarterly Activities and Cashflow Report
27/01/2016More Evidence of Significant System at Karridale
17/11/2015Maiden High Grade Resource For Bonnie Vale
29/10/2015September 2015 Quarterly Activities and Cashflow Report
16/10/2015Bonnie Vale Resource Modelling Commences
25/08/2015Correction to Quarterly Activities and Cashflow Report
29/07/2015June 2015 Quarterly Activities and Cashflow Report
24/07/2015Coolgardie Exploration Update: Bonnie Vale Continues to Deli...
13/04/2015Laverton Exploration Update
31/03/2015Focus Minerals Limited – Financial Report YE 2014
11/02/2015Coolgardie Exploration Update
11/02/2015Focus Minerals Ltd December 2014 Quarterly
04/12/2013Director Retirement
04/12/2013AGM Address
05/02/2013Management Change
31/01/2013December Quarterly Report
28/09/2012FY12 Full Year Results
07/08/2012Diggers & Dealers Presentation
13/10/2011Crescent Gold Board Changes
01/09/2011Launches iPad App on the Apple iTunes Store
03/08/2011Relevant Interest Over 50% in Crescent
29/06/2011and Crescent Release Their Bidder's and Target's Statements
20/06/2011Takeover of Crescent Gold by Focus Minerals
14/04/2011On track to accelerate growth plans after completing $7m SPP...
07/02/2011To report 28% rise in interim profit to $6.2M
31/01/2011December 2010 Quarterly Report
24/08/2010Profit Guidance - Record full year net profit
29/07/2010June 2010 Quarterly Activities Report
29/07/2010Quarterly Report for the Period Ending 30 June 2010
16/07/2010Outstanding Copper Grades from Sampling at Treasure Island
07/07/2010On Track to Produce 80,000oz for Calendar Year 2010 - Over 4...
03/06/201080% Increase in Gold Resources at Cyanide Deposit
30/04/2010March 2010 Quarterly
30/04/2010Activities Report For The Quarter Ended 31 March 2010
04/03/2010Delivers First Half A$4.9m Interim Net Profit
28/01/2010Activities Report For The Quarter Ended 31 December 2009
27/01/2010Signs Deal with La Mancha
26/11/2009Market Update
09/11/2009Record Milling Campaign Delivers Gold Production of ~ 21,900...
27/10/2009September Activities Report
19/10/2009Audio Presentation to the Australian Gold Conference
17/09/2009 (Audio) Focus Announces Maiden 2009 Year Net Profit - Mr Ca...
09/09/2009(Audio) Emerging Mid-Tier Gold Producer Steps Closer to Prod...
12/08/2009Signs Mill Treatment Exclusivity Agreement with Matsa Resour...
29/07/2009(Audio) Board Room Radio Broadcast
23/07/2009June Quarterly Activities Report
30/06/2009Delivers Record Gold Production of 19,226oz From Recent Mill...
24/02/2009Landmark A$28M Capital Raising To Fund Aggressive Growth Str...
23/01/2009 Activities Report for the Quarter Ended 31 December 2008
01/12/2008(Tindals Mining Centre)69% Increase in Probable Ore Reserves at Tindals Mining Cent...
26/11/2008Chairman's Supplementary Statement - AGM 25th November 2008
29/07/2008June Quarterly Report
01/05/2008Completes Settlement of JV Acquisition
01/05/2008Quarterly Activities Report
11/03/2008Completes $14M Placement, Announces Details of Share Purchas...
31/01/2008December 2007 Quarterly Activities Report
31/01/2008Enters into Exclusivity Agreement to Negotiate the Proposed ...
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