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Focus Minerals Ltd.

Publié le 12 août 2009

Signs Mill Treatment Exclusivity Agreement with Matsa Resources

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Focus Minerals (ASX: FML)

 

ASX RELEASE                                                                                                                                                                             12 August 2009

 

Signs Mill Treatment Exclusivity Agreement with Matsa Resources

 

Australian gold producer Focus Minerals (ASX: FML, Focus) is pleased to announce the signing of an Exclusivity Agreement with emerging mining company, Matsa Resources Limited, (ASX: MAT; Matsa) for the treatment of ore from Matsa’s Norseman Gold Project at Focus Three Mile Hill Plant.

 

The exclusivity agreement is a precursor to a formal binding agreement which - upon commissioning of Focus 1.2Mtpa Three Mile Hill gold processing facility later this year - would involve treating ore produced from Matsa’s North Scotia deposit in scheduled milling campaigns at Three Mile Hill expected to commence during February 2010.

 

The agreement, once finalised, will generate valuable revenue for Focus as well as providing high-grade feedstock for Three Mile Hill in its ramp-up to full scale production.

 

Focus Chief Executive Officer, Mr Campbell Baird said the agreement with Matsa would  provide substantial benefits to both parties: We are very happy to be in a position to help a fellow junior gold producer realise their production ambition while at the same time generating cashflow for ourselves.

 

It’s essentially a win-win situation, particularly at such an early stage of our production ramp up utilising any excess capacity. Processing Matsa’s high-grade ore will also help with plant efficiency, as the need for utilising Focus low-grade ore stockpiles will be reduced, he added.

 

To support a fellow aspiring producer, Focus has also agreed, subject to conditions, to participate in a share placement with Matsa, to the value of $200,000.

 

We look forward to expanding our existing relationship and to continue working with Matsa Resources as we place the necessary foundations to become a significant gold producer in the region, said Mr Baird.

 

 

For further details please see Matsa Resources Limited’s ASX release on 12 August 2009

 

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

 

 

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 an extensive inventory of Measured, Indicated and Inferred gold resources as well as the 1.2mtpa Three Mile Hill processing plant.

 

Focus commenced maiden commercial gold production in April 2008 through ore sourced from the Company’s flagship Perseverance Deposit (Probable Reserve of 129,000oz). Earlier this year, the nearby Countess Deposit (Probable Reserve of 29,000oz) was also brought into production with ore from both deposits currently being milled at the nearby Greenfields treatment plant.

 

 

 

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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Nominations de Focus Minerals Ltd.
05/07/2011Crescent Directors Accept the Focus Offer
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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
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12/02/2009(Coolgardie)80% Increase in Gold Resources at Brilliant Deposit, Coolgar...
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09/06/20162015 Annual Report
29/04/2016March Quarterly Activities and Cashflow Report
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31/03/20162015 Full Year Financial Accounts
29/01/2016December 2015 Quarterly Activities and Cashflow Report
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31/03/2015Focus Minerals Limited – Financial Report YE 2014
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04/12/2013AGM Address
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31/01/2013December Quarterly Report
28/09/2012FY12 Full Year Results
07/08/2012Diggers & Dealers Presentation
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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
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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
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30/04/2010Activities Report For The Quarter Ended 31 March 2010
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