AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

FOCUS MINERALS LTD Capital/Financing Update 2014

Sep 4, 2014

64932_rns_2014-09-04_16d991fb-da45-4552-8009-9c998b0b6ab2.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [585 x 97] intentionally omitted <==

ASX ANNOUNCEMENT

05 September 2014

Sale of The Mount Project

Focus Minerals Limited (ACN: 005470799) ( “ FML” or the “Company”) is pleased to announce that it has reached agreement to sell the underground mining project ‘The Mount’ to Lukah Mining.

The Mount was deemed non-core by the Company as it is some 70 kilometres by road from FML’s Three Mile Hill plant and its tonnage potential does not meet the Company’s targets. The sale of The Mount represents an important step in Focus’ commitment to rationalising the Company’s tenement holdings and focusing our exploration and development efforts on assets that have the greatest potential to contribute to the Company’s restart plan.

For and on behalf of Focus Minerals Limited

Dane Etheridge

Company Secretary and GM Business Development Focus Minerals Ltd

==> picture [591 x 45] intentionally omitted <==