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FOCUS MINERALS LTD AGM Information 2026
64932_rns_2026-05-26_229dfb4a-e5fb-400f-9d78-ef69c576d3b1.pdf
AGM Information
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Focus Minerals Ltd.
Focus Minerals Limited
Annual General Meeting
May 2026
Focus Minerals Ltd.
Disclaimer and Competent Person's Statement
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 Targets, Mineral Resources and Ore Reserves 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.
Focus
Minerals Ltd.
A new Focus
Completed the $250M Laverton sale
Achieved full debt repayment of $174.8M
Transitioned to steady production profile
FY25 Financial Snapshot
| $273M | 49,154 oz |
|---|---|
| Gold Sales | Gold Sold |
| $5,556/oz | $68.9M |
| Av. Gold Price | Operating Profit |
Focus
Minerals Ltd.
Operational General Manager
Edward Williams
FY25 Operational Snapshot
| 1.5MT
Plant Throughput | 93.5%
Gold Recovery |
| --- | --- |
| 897Kt
Open Pit Ore | 108Kt
Underground Ore |
Focus
Minerals Ltd.
FY25 Open Pit Mining Performance
2025 Open Pit Production Story: The Strategic Relay
The June Handover – A seamless transition in mill feed
Scale-Up Success – TMM increase of 10x through owner-Operator
Alicia – The 2025 Workhorse
Strategic Pre-Stripping – 1.2M of waste from DN
Infrastructure Asset Creation – GF conversion to IPTSF
3.9M BCM TMM
896kt Delivered Ore
0.97 Average Grade
27.8k Oz Gold Mined
Focus
Minerals Ltd.
FY25 Underground Performance
The 2025 Underground Story
Continuous Investment – Consistent monthly development
Production Pivot – Commencement of stope mining in October
Production ramp-up – Ore tonnes peaking in December
High Grade Cornerstone – 7.37g/t grade enhancing profit
108kt Delivered Ore
7.37g/t Average Grade
25,822 oz Gold Mined
4.2 km Total Development
Focus
Minerals Ltd.
2026 Momentum Q1
| Open Pit Ore | Bonnie Vale Ore | Processing |
|---|---|---|
| Planned Ore: 263kt | Planned Ore: 79.8kt | Name Plate: 300kt |
| Actual: 281.8kt | Actual: 86kt | Actual: 355kt |
| ▲ | ||
| +18.8 kt | ▲ | |
| +6.2 kt | ▲ | |
| +55 kt |
Gold Sales
18,191 oz Au
General Manager Exploration and Chief Geologist
Alex Aaltonen
Focus Minerals Ltd.
Future Exploration and Potential
The Coolgardie Gold Project is located in the prolifically gold mineralised Norsemen – Wiluna Greenstone belt.
Previous gold production in the Coolgardie Domain exceeds 2.6Moz mostly from deposits within Focus Minerals Tenure.
Focus announced LOM and Ore Reserves calculated at A$2,200/oz to the ASX on 24/10/2022 delivering LOM of 7 years and mining 436.5 Koz:
- Greenfields OP – Mined out
- CNX OP – 1.27Mt @ 1.19 g/t for 48.5 Koz – In production
- Bonnie Vale UG – 0.92Mt 5.11 g/t for 152.2 Koz – In stope production
- Brilliant OP – 3.46Mt @ 1.48 g/t for 164 Koz – Undergoing approval process
Accounting for mine depletion as of 31/12/2025 the residual Coolgardie Gold Project Ore Reserves comprise 5.66Mt @ 2.1 g/t for 381 Koz.
To date less than half of Measured and Indicated Mineral Resources have been considered for conversion to Ore Reserves.
Coolgardie Gold Project production is already being extended via resource development and mining of additional deposits including:
- Alicia OP – Stage 1 mostly completed 1st half 2026
- Dreadnought OP – Mining underway
| Focus Minerals Total OP + UG Mineral Resources after mine depletion 31/12/2025 | |||
|---|---|---|---|
| Deposit | Toreen Mt | Grade g/t | Current Year |
| BigBine | 0.92 | 1.56 | 46.4 |
| Brot in Hand | 0.69 | 2.53 | 56 |
| Brilliant | 12.93 | 1.66 | 692 |
| Bonnie Vale | 2.89 | 3.18 | 295.8 |
| CNX | 3.81 | 1.24 | 152 |
| Coakes | 0.17 | 2.62 | 14 |
| Countess | 0.18 | 3.04 | 17.5 |
| Cyanide | 0.71 | 4.29 | 96 |
| Dreadnought | 3.31 | 1.51 | 160 |
| Empress | 0.38 | 2.90 | 32.5 |
| Friendship | 0.1 | 1.43 | 4.5 |
| Green Light | 1.22 | 1.17 | 45.5 |
| Griffiths | 0.14 | 2.83 | 13 |
| Happy Jack | 0.53 | 1.34 | 22.5 |
| Hillside | 0.44 | 4.42 | 62 |
| Jolly Briton | 0.9 | 1.33 | 38.5 |
| King Solomon Queen Sheba | 1.4 | 2 | 90 |
| Lindsay | 5.84 | 1.67 | 315 |
| Lord Bob | 0.82 | 1.6 | 42 |
| Norris - Givament | 1.62 | 2.44 | 127 |
| Patricia Jean | 0.39 | 2.15 | 37 |
| Perseverance | 0.66 | 4.5 | 96 |
| Tindals | 0.85 | 2.68 | 73 |
| Undaunted Lady Charlotte | 1.16 | 1.39 | 50.5 |
Focus
Minerals Ltd.
Future Exploration and Potential
Accounting for mine depletion including completion of Greenfield OP the residual Coolgardie Gold Project Mineral Resources as of 31/12/2025 comprise:
| Classification | Tonnage (Mt) | Au Grade (g/t) | Au Moz |
|---|---|---|---|
| Total Coolgardie Measured Mineral Resource | 1.99 | 1.74 | 0.11 |
| Total Coolgardie Indicated Mineral Resource | 24.46 | 1.86 | 1.46 |
| Total Coolgardie Inferred Mineral Resource | 16.17 | 1.95 | 1.02 |
| Total Coolgardie 2025 Mineral Resource | 42.61 | 1.89 | 2.59 |
Extensive resource development activities are underway including:
- Bonnie Vale – 15,000m of RC and DD for extension of LOM
- Undaunted – Mining feasibility and approvals for new OP
- Greenlight – 7,500m RC for Mineral Resource update/feasibility and,
- Patricia Jean – 7,150m RC and DD for Mineral Resource update/feasibility
- Stage 2 cut back feasibility for CNX
- Additional project work in the later part of 2026
Coolgardie Gold Project Mineral Resources will be updated during 2026.
Coolgardie Gold Project LOM and Ore Reserves will be compiled following feasibility works on updated Mineral Resources.
