FOCUS MINERALS LTD — AGM Information 2019

May 30, 2019

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FFT:FZA ASX:FMLFocus Minerals Ltd

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Beasley Creek
Photo taken on 13 Feb 2019
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Annual General Meeting Presentation

ASX:FML

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31 May 2019

focusminerals.com.au

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Disclaimer and Competent Person’s Statement

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This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation.

The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination of Focus Minerals Ltd (Focus Minerals or the Company) and consult their own legal, business and/or financial advisers.

The information contained in this presentation has been prepared in good faith by Focus Minerals Ltd, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation.

To the maximum extent permitted by law, Focus Minerals Ltd, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted from this presentation.

Certain information in this presentation refers to the intentions of Focus Minerals Ltd , but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Focus Minerals Ltd’s actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, Focus Minerals Ltd, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in the presentation will actually occur as contemplated.

The information in this report that relates to Exploration Results, Exploration Target and Mineral Resources is based on information compiled by Mr Alex Aaltonen who is a member of the AusIMM. Mr Aaltonen is employed by Focus Minerals Limited and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “ Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ”. Mr Aaltonen consents to the inclusion in this announcement of the matters based on the information compiled by him in the form and context in which it appears.

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Focus at a glance

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Who we are

Focus is a Perth-based, ASX-listed gold exploration company focused on delivering shareholder value from its Laverton Gold Project, in Western Australia’s north-eastern Goldfields.

The Laverton project covers 507km[2] area of highly prospective ground that includes the historic Lancefield and Chatterbox Trend mines.

Focus’ priority target is to confirm the extent of gold mineralisation at deposits Beasley Creek and Lancefield Thrust and advance the Sickle, Ida-H and Karridale-Burtville deposits and targets.

Focus also owns the non-core Coolgardie Gold Project, also in the Goldfields, which includes a 1.2Mtpa processing plant at Three Mile Hill. The plant is on care and maintenance. The Coolgardie Gold Project is currently going through a sale process.

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Focus at a glance

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The Strategies

Laverton Gold Project

1. Stage 1: Building +5 year LOM open pit production pipeline a. Beasley Creek

2. b. Wedge and Lancefield North

3. c. Karridale and Burtville South

4. d. Sickle

5. e. Ida-H

6. Stage 2: Developing +10 year LOM open pit and UG production pipeline a. Expanding the Karridale-Burtville project

7. b. Greenfield type exploration at Lake Carey prospect

8. c. Evaluating accessing Lancefield underground potential

Coolgardie Gold Project

1. Complete the divestment of the Project

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Focus at a glance

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Establishing an Experienced Exploration and Resource Development Team

Alex Aaltonen - General Manager Exploration

• +22yrs Exploration/Mining Leadership in Australia and abroad. Multi commodity experience successful track record on grass roots to advanced mining projects

Collin Davy - Senior Geologist

• +15yrs Exploration in Australia, Mid East, Africa. Multi commodity experience and successful track record running projects, building and training teams.

John Briant - Field Team Leader

• +25 yrs experience in a mix of companies including majors (Placer Dome, Acacia). Excellent track record building field teams and managing logistics

Hannah Kosovich - Resource Geologist

• +20 yrs experience in a mix of companies including majors (Troy Resources, BHP and Mt Gibson Iron).

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Laverton Key Project Locations

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Wedge
Beasley Creek
Sickle
Ida-H
Burtville
Karridale
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Laverton Exploration Highlights

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Beasley Creek

Very high/bonanza grade intersections at Beasley Creek with resource definition drilling underway

18BSDD006[1] - 19.00m @ 11.12g/t Au from 163.0m, including 1.8m @ 105.45g/t Au from 174.8m

19BSRD008[1] - 13.00m @ 11.22g/t from 155m, including 1.7m @ 77.73g/t Au from 161.0m

18BSDD002[1] - 20.60m @ 5.37g/t Au from 201.0m, including 4.0m @ 14.46g/t Au from 207.0m

18BSDD017[1] - 20.20m @ 3.38g/t from 223.8m, including 0.9m @ 12.7g/t Au from 233.65m

1All lost core intervals included in the reported intersections have been fully diluted using 0g/t grade. Intersection has been calculated using 0.5g/t Au cut off and up to 3m Internal dilution.

ASX Announcements: 30 January 2019 and 29 April 2019

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Laverton Exploration Highlights

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Wedge to Lancefield North

Resource Drilling at Wedge and Lancefield North

• Open pitable resource definition in progress

• Resource expected in Q3 2019

• Significant intersections over +1.5km strike:

• 18WDRC003 – 7m @ 7.35g/t Au from 96m

• 18WDRC010 – 22m @ 1.94g/t Au from 58m

• 18WDRC031 – 5m @ 4.94g/t Au from 89m

• 18LNRC001 – 5m @ 6.71g/t Au from 48m

• 18LNRC003 – 6m @ 3.92g/t Au from 84m

• 18LNRC004 – 5m @ 1.98g/t Au from 53m

ASX Announcement: 30 January 2019

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Laverton Exploration Highlights

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Karridale

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Mineral Resource Updated

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• 85% (113,829oz) of additional ounces located between surface an 150m depth

• Resource addition to 200m depth completed at $12/oz is highly competitive

• Initial Exploration Target comprising 23.5-29Mt @ 1.33 – 1.5 g/t Au for 1.0Moz – 1.4Moz

• The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. For more information, please refer to the 27 May 2019 ASX Announcement.

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Laverton Exploration Highlights

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Burtville South

Footprint extended to +450m x +2.2km

• I nitial footprint spaced RC at 160m x 160m and 160m x 320m located mineralization

• Infill holes at 160m x 80m confirm multiple KarridaleBurtville style mineralised structures

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200mRL
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-200mRL
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• Significant intersections Include:

• 18KARC061 – 3m @ 12.31g/t Au from 142m

• • 18KARC033 – 4m @ 8.98g/t Au from 142m

• • 18KARC044 – 12m @ 2.19g/t Au from 59m

• 18KARC046 – 2m @ 12.36g/t Au from 28m

• 18KARC112 – 2m @ 12.11g/t Au from 16m

• 18KARC129 – 1m @ 23.3g/t Au from 130m

• • 18KARC114 – 4m @ 3.15g/t Au from 36m

ASX Announcements: 5 October 2018 and 30 January 2019

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Laverton Exploration Highlights

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Sickle Open Pit Gold in Massive Sulphide Sickle Tension lode 18SKRD002 - 59.44m @ 2.02g/t Au from 202m, including 13m @ 3.06 g/t Au from 221m

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ASX Announcement: 25 March 2019

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Laverton Exploration Highlights

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Ida-H Open Pit

Very High Grade at Ida-H

18IHRD003

18IHRD003 - 5m @ 7.98g/t Au from 97m (30% Core Loss), including 0.65m @ 47.22g/t Au from 100.45m

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ASX Announcement: 25 March 2019

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Laverton Strategy

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Moving Towards to Production Ready for Stage 1 Pipeline

Preliminary studies underway including:

• Engineering,

• Metallurgy,

• Geotech Engineering,

• Environmental Baseline,

• Hydrogeological Framework

Stage 1 Pipeline Key Dates in 2019

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Laverton Strategy

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Stage 2 Pipeline

Goal: Developing +10 year LOM open pit production pipeline

Work completed in the last 12 months

• Mineral Resource update at Lancefield

  • Geophysics activity to refine target

• Access Agreement for Lake Carey executed

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Laverton Exploration Highlights

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Lancefield Underground

Lancefield UG exceeds

750Koz

Inferred Resources

200mRL

• 3.94Mt @ 6.3 g/t Au for 793,000oz

Resource Increased by 39.6% or 225,000oz

-200mRL

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ASX Announcement: 23 July 2018

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Laverton Exploration Highlights

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Lake Carey

Geophysics:

• Jun – Nov 2018 Ground gravity/seismic used to confirm buried topographic high

• Topographic high supports local source of gold in Sons of Gwalia Lake AC drilling

• Feb – Mar 2019 Detailed drone AMAG flown to improve exploration targeting

Access issue resolved:

• May 2019 Access agreement executed opening path to Lake Carey Target

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Sunrise Dam
+10Moz
3km
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Coolgardie Highlights

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Progress Divestment, maintain tenements and add value

• Signed Exclusivity Deed with Intermin Resource Ltd (ASX: IRC)

• April 2019 RC drill tested Nepean South tenements for gold

• May/June 2019 drilling underway targeting:

• RC Follow up 2018 Emu Hill and Ada Intersections

• RC Shallow Mineralisation targeted at - Garden Gully, Jolly Briton

• RC Resource definition drilling at Brilliant North

• Extension RCDD Hole at Bonnie Vale

ASX Announcement: 11 February 2019

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Coolgardie Highlights

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Exploration Highlights

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• Bonnie Vale now exceeds 200Koz (Ann. 30/05/2018) • Indicated Resources 519kt @9.1 g/t Au for 152,000oz

• • Inferred Resources 420kt @ 3.9 g/t Au for 52,500oz

• • Total Resources 939kt @ 6.8 g/t Au for 205,000oz

Gold intersected at NW dolerite targets:

• Emu Hill 18EMRC001 - 7m @ 1.83g/t Au from 48m

• Ada 18ADRC002 - 4m @ 3.16g/t Au from 52m

ASX Announcement: 31 January 2019

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Summary

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Strategies, Achievements and Expectations - Laverton

A two-stage future production pipeline for the Laverton Gold Project

• Stage 1: +5yrs Open Pit Production Pipeline

• Stage 2: +10yrs Open Pit and UG Production Pipeline

Achievements in the last 12 months

• Resource update for Lancefield Underground

• Expanded the mineralisation footprint of Karridale

• Resource update for Karridale

• Uncovered high grade potential at Beasley Creek

• Expanded the mineralisation footprint of Burtville South

What to expect for the Laverton Gold Project

• Completing the preliminary studies

• Resource updates in Q3 and Q4 2019

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Summary

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Strategies, Achievements and Expectations - Coolgardie

Completing the Divestment of Coolgardie Gold Project

Achievements in the last 12 months

• Executed the Exclusivity Deed with Intermin Resources (ASX:IRC)

• Conducted exploration programmes to add more value while maintain the asset in good standing

What to expect for the Coolgardie Gold Project

• Complete the divestment

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Contact Information

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For more information please contact:

Zaiqian Zhang Director, CFO and Company Secretary T: +61 8 9215 7888

E: info@focusminerals.com.au

Office Address: Level 2, 159 Adelaide Terrace, East Perth, WA 6004 Postal Address: PO Box 3233, East Perth, WA 6892

For investor and media inquiries, please contact:

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Peter Klinger Cannings Purple M: +61 411 251 540

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