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FOCUS SIGNS 200,000 TONNE TOLL TREATMENT
AGREEMENT WITH LA MANCHA RESOURCES
Australian gold producer Focus Minerals (ASX: FML, �Focus�) is pleased
to announce the signing of a Toll Treating Agreement with TSX-listed mining
company, La Mancha Resources, (TSX: LMA; �La Mancha�) for the treatment of
ore from La Mancha�s White Foil Gold Project.
La Mancha�s White Foil project is located 26km from Focus� newly
commissioned Three Mile Hill processing plant and the agreement provides La
Mancha with a minimum of 200,000 tonnes of milling capacity, shared equally
between two milling campaigns scheduled for April and September 2010.
The agreement will generate valuable revenue for Focus as well as
providing feedstock for Three Mile Hill in its ramp-up to full scale
production.
Focus� Chief Executive Officer, Mr Campbell Baird, said the agreement
with La Mancha provides substantial benefits to both parties: �We are very
happy to be in a position to help La Mancha realise their production
ambitions at White Foil, while at the same time generating cash flow for
ourselves,� he said.
�It�s essentially a win-win situation, particularly at such an early
stage of our production ramp-up where we will be able to utilise excess
production capacity. Processing the ore for La Mancha in 2010 will also help
with plant efficiency, with the need for utilising Focus� low-grade ore
stockpiles reduced during our ramp-up to full production,� he added.
�We look forward to working with La Mancha Resources during these two
milling campaigns in 2010 as we place the necessary foundations for Focus to
become a significant gold producer in the region,� said Mr Baird.
For more information click here
Links
www.focusminerals.com.au
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