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FOCUS MINERALS LTD Capital/Financing Update 2021

Apr 27, 2021

64932_rns_2021-04-27_d0717f2d-c897-4e57-aed4-fdc56167cbed.pdf

Capital/Financing Update

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Market Announcement

28 April 2021

Exploration Update – Laverton Gold Project

Highlights:

  • Results from exploration drilling carried out at Focus Minerals’ Laverton Gold Project have been received.

  • Drilling comprised:

  • 2,941m RC drilling was completed at Burtville North

  • 9,009m RC drilling at various deposits

  • 1,731m DD were completed at Beasley Creek and Beasley Creek South deposits

Significant intersections[1] include:

  • Beasley Creek

  • 21BSDD002 – 16.0m @ 3.62g/t from 210m for (GxM 57.9)

  • 21BSDD003 - 11.00m @ 2.27g/t from 234m for (GxM 25)

  • 21BSRC019 - 9.00m @ 2.57g/t from 83m for (GxM 23.1)

  • Beasley Creek South

  • 21BSDD006 - 9.00m @ 2.32g/t from 88m for (GxM 20.9)

  • 21BSDD005 - 7.00m @ 2.84g/t from 114m for (GxM 19.9)

  • 21BSDD005 - 4.00m @ 4.88g/t from 125m for (GxM 19.5)

  • Wedge Far North

  • 21LNRC003 - 6.00m @ 3.08g/t from 60m for (GxM 18.5)

  • 21LNRC005 - 6.00m @ 2.1g/t from 76m for (GxM 12.6)

  • Gladiator West (4m Composite sample results at present)

  • 21GLRC006 - 12.00m @ 1.71g/t from 32m for (GxM 20.5)

  • Skull Creek Discovery (4m composite samples results at present)

  • 21GRER010 - 16.00m @ 0.86g/t from 4m (13.7 GXM)

  • 21GRER010 - 12.00m @ 1.01g/t from 28m (12.2 GXM)

1 (calculated using 0.5g/t cut off, and up to 3m internal dilution, Core Loss assigned 0.0 g/t)

Focus Minerals Limited ACN 005 470 799 | ABN 56 005 470 799 | ASX: FML Level 2, 159 Adelaide Terrace, East Perth WA 6004 | PO Box 3233, East Perth WA 6892 T +61 (0) 8 9215 7888 | F +61 (0) 8 9215 7889 | E [email protected] | W focusminerals.com.au

Page 1 of 30

West Australian gold explorer Focus Minerals ( ASX: FML ) ( Focus or the Company ) is pleased to announce the latest round of exploration drilling results at its Laverton Gold Project ( Laverton ).

The drilling was completed across several Laverton deposits/prospects for feasibility and tenement management exploration purposes.

Geotechnical, metallurgical and hydrogeological studies are being advanced to support the recently announced Stage 1 Laverton PFS schedule (see ASX announced dated 16 April 2021). Additional resource development opportunities are also being reviewed that can enhance the value outlined by the Stage 1 Laverton PFS.

Key objectives of the work are:

  1. Increase grade and tonnages of ore feed from Beasley Creek and Beasley Creek South for the next phase of PFS at Laverton. Resource Updates will be progressed by the December quarter 2021;

  2. Deliver additional potentially higher margin shallow open pit resources that can offset some base load mill feed and improve production the first years of mining from restart;

  3. Acquire feasibility level geotech, metallurgy, environmental samples, hydrogeological data to refine pit designs and support permitting for production restart; and

  4. Tenement management and exploration on various exploration tenements e.g., Skull Creek discovery on E38/1864.

Commenting on the progress towards resumption of production at Laverton, Focus Minerals’ CEO, Mr Zhaoya Wang, said:

“Work continues on a number of feasibility and exploration fronts at Laverton. The recent programs continue to deliver strong results and the in case of Skull Creek a previously untested mineralised structure has been located. Mineral Resource updates for several deposits are underway and will be incorporated into the next phase of Laverton PFS.”

Market Announcement | Page 2 of 30

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Figure 1: Key Laverton Project Deposits with recently updated Mineral Resources

Market Announcement | Page 3 of 30

Beasley Creek Deposits

PFS feasibility/permitting activities and resource development

Five DD holes for 1,178.9m and 21 RC holes for 2,142m were completed at Beasley Creek. In addition, 3 DD holes for 552.1m were completed at Beasley Creek South. The diamond drilling at each deposit was targeting improved geotechnical data to support future pit designs.

The new holes were used as a basis for downhole surveying insitu porosity to feed into ongoing hydrogeological studies. The developing hydrogeological model will provide inputs for ongoing geotechnical work and is linked to permitting studies.

The diamond drilling and down hole surveying were carried out successfully, sampled diamond holes returned some strong intersections calculated using 0.5 g/t cut off, up to 3m internal dilution with core loss set at 0.0 g/t Au:

Beasley Creek diamond drilling intersections include:

  • 21BSDD002 - 16.0m @ 3.62g/t from 210m for (GxM 57.9) – 6.6% Core Loss

  • 21BSDD003 - 11.00m @ 2.27g/t from 234m for (GxM 25)

  • 21BSDD003 - 9.60m @ 1.62g/t from 207.4m for (GxM 15.6)

Beasley Creek South diamond drilling intersections include:

  • 21BSDD006 - 9.00m @ 2.32g/t from 88m for (GxM 20.9) – 7.3% Core Loss

  • 21BSDD005 - 7.00m @ 2.84g/t from 114m for (GxM 19.9)

  • 21BSDD005 - 4.00m @ 4.88g/t from 125m for (GxM 19.5) – 23.8% Core loss

  • 21BSDD004 - 12.95m @ 1.45g/t from 134m for (GxM 18.8) – 10.0% Core Loss

Two additional geotechnical diamond holes remain uncut pending geotechnical logging and sampling activities.

The RC drilling was concentrated in the NW corner of Beasley Creek targeting shallow Inferred Mineral Resources on the NW edge of the PFS pit design. The aim of the RC drilling was to enable refined resource modelling in that area and upgrade of classification to Indicated status.

This Infill RC drilling successfully intersected shallow mineralisation outlining an extension of significantly mineralised strike in the order of 100m. Significant intersections calculated using 0.5 g/t cut off and up to 3m internal dilution include:

  • 21BSRC019 - 9.00m @ 2.57g/t from 83m for (GxM 23.1)

  • 21BSRC013 - 7.00m @ 2.3g/t from 70m for (GxM 16.1)

  • 21BSRC012 - 5.00m @ 2.91g/t from 61m for (GxM 14.6)

  • 21BSRC014 - 8.00m @ 1.7g/t from 113m for (GxM 13.6)

The Beasley Creek Mineral Resource Estimate will be updated in the next 6 months after sampling of outstanding geotechnical holes.

Market Announcement | Page 4 of 30

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Figure 2: Beasley Creek and Beasley Creek South March Qtr 2021 significant 3D drill intersections represented as stars (coloured and sized by GXM as per inset legend) and contoured GxM at Beasley Creek and Beasley Creek South. Dashed black line at Beasley Creek South represents limit of Indicated Mineral Resources currently reported from the Beasley Creek South Main lode. Representative section location for 21BSDD003 is shown by white rectangle.

Market Announcement | Page 5 of 30

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21BSDD002 – 16.0m @ 3.62 g/t from 210m (GxM 57.9)
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Figure 3: View north 25m section window along NW striking trace of 21BSDD002. 21BSDD002 was drilled to gather data to support upgraded hydrogeological model. The hole was pushed through to the Beasley Shear Zone and intersected strong mineralisation down plunge of Shoot 3.

Market Announcement | Page 6 of 30

Wedge Far North Deposit

Follow up infill and extension drilling

Wedge Far North is located on tenement E38/3186. 14 RC holes for 1,962m have been completed on the tenement comprising 3 x 100m spaced E-W lines of 40m spaced holes. The drilling is a follow up to historic anomalous RAB drilling completed in 2001 in the approximate inferred location of the Lancefield Shear.

The drilling has encountered geology consistent with Lancefield Shear hosted Wedge style mineralisation. Five moderately significant intersections were returned from the drilling that exceed 5 GxM (grade x width) calculated using 0.5g/t cut off and up to 3m internal dilution comprising:

  • 19LNRC052 - 9.00m @ 2.31g/t from 39m for (GxM 20.79)

  • 19LNRC055 - 13.00m @ 1.22g/t from 42m for (GxM 15.86)

  • 21LNRC003 - 6.00m @ 3.08g/t from 60m for (GxM 18.5)

  • 21LNRC005 - 6.00m @ 2.1g/t from 76m for (GxM 12.6)

  • 21LNRC001 - 15.00m @ 0.77g/t from 49m for (GxM 11.6)

The drilling has delineated a 40-50m wide, 6 to 15m thick and 200m long very shallow north plunging shoot of moderate gold mineralisation. The currently inferred shoot hosts metal contents between 11 and 21 GxM.

This shoot provides moderate encouragement that further gold mineralisation may be found in the area with RAB drilling generally considered to be ineffective at Laverton. The currently inferred mineralised shoot remains open up and down plunge and may be targeted with infill following initial economic assessment.

Market Announcement | Page 7 of 30

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Inferred mineralised shoot on E38/3186.
Shoot plunges very shallowly to the north
and has currently estimated dimensions of:
Width: 40-50m
Length: 200m open up/down plunge
Thickness: 6-15m
? Metal content as a function of grade x
width ranges from 11- 21 GxM
?
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Figure 4: Plan View E38/3186 with satellite image and 3D view of drilling showing location of significant intersection calculated using 0.5 g/t cut off and up to 3m internal dilution. Intersections are represented as discs coloured by GxM as per inset legend. The location of representative section is shown by white rectangle

Market Announcement | Page 8 of 30

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----- Start of picture text -----

Transported cover
Saprolite
Basalt
Basalt
19LNRC052 - 9.00m @ 2.31g/t from 39m
for (GxM 20.79)
21LNRC003 - 6.00m @ 3.08g/t from 60m
for (GxM 18.5) Mafic Schist
Basalt
----- End of picture text -----

Figure 5: Section view to the north of drilling on E38/3186 with: interpreted/labelled geology, gold mineralisation exceeding 0.2g/t and inferred location of very shallow north plunging shoot (Red outline)

Market Announcement | Page 9 of 30

Gladiator West Deposit

Shallow resource development opportunity

Eleven shallow RC holes for 1,445m were completed at Gladiator West to test the up dip shallow extension of mineralisation inferred from previous drilling (see ASX announcement dated 29 Jan 2020).

The new drilling intersected patchy low grade mineralisation and appears to confine better widths and grades to a stacked set of south east plunging shoots. Intersections calculated using 0.5 g/t cut off and up to 3m internal dilution include:

  • 21GLRC006 - 12.00m @ 1.71g/t from 32m for (GxM 20.5)

  • 21GLRC006 - 2.00m @ 1.73g/t from 94m for (GxM 3.5)

The shoots appear to be aligned along a subtle NW – SE striking sub -vertical fault that kinks the Gladiator geology. Away from the fault the mineralisation is more patchy and generally thinner averaging 1-2m thickness. The new drilling will be reviewed later in 2021 to complete early stage economic assessment.

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Figure 6: Plan view Gladiator West with assays greater than 0.5 g/t (coloured as per inset legend). 2021 drill traces are highlighted by semitransparent grey traces. The section for Figure 7 along the strike of inferred SE plunging stacked shoot is marked by a white rectangle

Market Announcement | Page 10 of 30

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----- Start of picture text -----

21GLRC006 - 12.00m @ 1.71g/t from 32m for (GxM 20.5)
----- End of picture text -----

Figure 7: Section view to the north of drilling at Gladiator West with: interpreted stacked mineralisation

Skull Creek Discovery

Untested structure adjacent to Barnicoat mine stratigraphy

A single fence of twelve RC holes for 1,722m was completed on E38/1864. The drilling was planned to test across the strike of a prominent NNE trending aeromagnetic (AMAG)high located 850m east of the Grouse open pit. The AMAG high approximates the position of the previously untested Barnicoat East Fault Zone.

The targeted structure has more than 4km strike on Focus tenure. Previous drilling has been very wide spaced and utilising RAB and AC which is usually ineffective in Laverton due to issues penetrating partially cemented cover sequences. This first pass reconnaissance drill program has provided strong indications of near surface prospective geology and gold mineralisation.

Two holes intersected mineralisation exceeding 0.5g/t. Intersections calculated using 0.5g/t cut off and up to 3m internal dilution comprise:

  • 21GERC009 – 4.0m @ 0.61 g/t from 144m (4m composite sample)

  • 21GERC010 – 16.0m @ 0.86 g/t from 4m (4m composite samples)

  • 21GERC010 – 12.0m @ 1.01 g/t from 28m (4m composite samples)

Follow up drilling will be completed after further review of results and available geophysics.

Market Announcement | Page 11 of 30

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Figure 8: Collar plan for drilling in the Barnicoat – East Barnicoat FZ region with collars coloured and sized by GxM as per inset legend. Location of the 2021 Skull Creek reconnaissance traverse (Green rectangle) and significant intersections (Labelled) are detailed. Background imagery is semi transparent satellite image on AMAG to highlight inferred orientation and location of Barnicoat East Fault exploration target.

Market Announcement | Page 12 of 30

Burtville North Target

Footprint reconnaissance drilling extended to Burtville North

Seventeen reconnaissance RC holes were drilled at Burtville North. The drilling was conducted on several 120 – 140m spaced traverses of overlapped fence RC. The drilling targeting structural positions interpreted from historic mining and new SAM (sub audio magnetic) data acquired during 2020. The drilling infilled an area with limited historical vertical RAB and some wide spaced RC.

Drilling intersected several structures in targeted positions. However, alteration and veining were limited. Intersections calculated using 0.5g/t cut off and up 3m internal dilution include:

  • 20KARC001 - 1.00m @ 0.58g/t from 134m (0.6 GXM)

  • 20KARC003 - 1.00m @ 0.56g/t from 119m (0.6 GXM)

  • 20KARC008 - 1.00m @ 0.83g/t from 62m (0.8 GXM)

  • 20KARC008 - 1.00m @ 2.61g/t from 70m (2.6 GXM)

  • 20KARC008 - 1.00m @ 3.12g/t from 116m (3.1 GXM)

  • 20KARC010 - 2.00m @ 0.62g/t from 146m (1.2 GXM)

  • 20KARC011 - 3.00m @ 2.52g/t from 143m (7.6 GXM)

  • 20KARC011 - 1.00m @ 0.52g/t from 158m (0.5 GXM)

  • 20KARC016 - 3.00m @ 0.67g/t from 63m (2.0 GXM)

  • 20KARC016 - 9.00m @ 0.83g/t from 105m (7.5 GXM)

Market Announcement | Page 13 of 30

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Figure 9: 2020Burtville North drilling plan view. 2020 drill traces are white and labelled. Significant 2020 intersections are shown as stars and historic intersections as circles (coloured/sized by GxM as per inset legend). A green ellipse marks the location of a low level drilling defined gold anomaly that corresponds to a north north east trending structure inferred from geophysics.

No follow up is currently planned at Burtville North with other targets now taking precedence.

Market Announcement | Page 14 of 30

Prendergast Well

Early stage exploration tenement

Prendergast Well tenement E38/1725 is split into two parts North and South. Both were targeted for exploration and tenement management purposes with a total of 8 RC holes.

Both programs were successful locating low level gold mineralisation. Intersections exceeding 0.5g/t and calculated using up to 3m internal dilution include:

Prendergast Well North Intersections:

  • 21PWRC001 - 1m @ 0.72 g/t from 31m (GxM 0.7)

  • 21PWRC001 - 5m @ 0.53 g/t from 138m (GxM 2.65)

  • 21PWRC001 - 2m @ 0.74 g/t from 149m (GxM 1.5)

  • 21PWRC001 - 1m @ 0.54 g/t from 153m (Gxm 0.5)

  • 21PWRC004 - 1m @ 1.3 g/t from 24m (GxM 1.3)

  • 21PWRC004 - 5m @ 1.66 g/t from 60m (GxM 8.3)

  • 21PWRC004 - 1m @ 2.93 g/t from 70m (GxM 2.96)

  • 21PWRC004 - 1m @ 1.8 g/t from 82m (GxM 1.8)

  • 21PWRC004 - 1m @ 1.5 g/t from 109m (GxM 1.5)

  • 21PWRC004 - 3m @ 1.33 g/t from 120m (GxM 3.99)

Prendergast Well South Intersections:

  • 21PSRC001 - 1m @ 0.51g/t form 67m (GxM 0.5)

  • 21PSRC002 - 3m @ 2.57 g/t from 61m (GxM 7.7)

  • 21PSRC003 - 1m @ 0.93 g/t from 86m (GxM 0.9)

  • 21PSRC003 - 1m @ 0.79g/t from 145m (GxM 0.8)

The results will be reviewed in greater detail in 2021 prior to additional follow up.

Market Announcement | Page 15 of 30

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Figure 10: Plan north part of Prendergast Well tenement E38/1725 with drill collars and symbols for Max GxM as per inset legend. 2021 drill collars are labelled.

Market Announcement | Page 16 of 30

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Figure 11: Plan south part of Prendergast Well tenement E38/1725 with drill collars and symbols for Max GxM as per inset legend. 2021 drill collars are labelled.

Market Announcement | Page 17 of 30

The release of this ASX announcement was authorised by Mr Zhaoya Wang, CEO of Focus Minerals Ltd.

For further information For media and investor enquiries please contact: please contact:

Alex Aaltonen Peter Klinger General Manager Exploration Director, Investor Relations Focus Minerals Ltd. Cannings Purple Phone: +61 8 9215 7888 Phone: +61 411 251 540 Email: [email protected] Email: [email protected]

About Focus Minerals Limited (ASX: FML)

Focus Minerals is a Perth-based, ASX-listed gold exploration company focused on delivering shareholder value from its 100%-owned Laverton Gold Project and Coolgardie Gold Project, in Western Australia’s Goldfields.

The flagship Laverton Gold Project covers 386km[2] area of highly prospective ground that includes the historic Lancefield and Chatterbox Trend mines. Focus’ priority target is to confirm sufficient gold mineralisation at the Beasley Shear Zone, Lancefield-Wedge Thrust, Karridale and Burtville to support a Stage 1 production restart at Laverton. In parallel, Focus is working to advance key Laverton resource growth targets including Sickle, Ida-H and Burtville South. Focus has delivered first results from a progressive Pre-Feasibility Study (Pre Tax NPV5.0% A $132M) and is advancing study work utilising Laverton’s expanded Mineral Resource position.

Focus is also committed to delivering shareholder value from the Coolgardie Gold Project, a 175km[2] tenement holding that includes the 1.4Mtpa processing plant at Three Mile Hill (on care and maintenance), by continuing exploration and value-enhancing activities. An updated PFS in September 2020 highlighted the potential for a low capital cost, fast-tracked return to mining at Coolgardie and delivered an NPV7.5% of $183 million. The Company’s efforts are now focused on increasing production ready Mineral Resources at Coolgardie.

Competent Person Statement

The information in this announcement that relates to Exploration Results is based on information compiled by Mr Alex Aaltonen, who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Aaltonen is an employee of Focus Minerals Limited. Mr Aaltonen 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.

Market Announcement | Page 18 of 30

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria Explanation
Sampling
techniques		 FML RC Sampling
RC percussion drill chips were collected through a cone splitter from the drill rig.
The bulk sample from drilling was placed in neat rows directly on the ground (not
bagged) with the nominal 2-3kg calico split sub-sample placed on top of the
corresponding pile.
RC chips were passed through a cone splitter to achieve a nominal sample weight
of approximately 3kg. The splitter was levelled at the beginning of each hole.
Geological logging defined whether a sample was to be submitted as a 1m cone
split sample or a 4m spear composite sample. Split samples (1m) were transferred
to sample numbered calico bags for submission to the laboratory. Composite
samples were spear sampled using a scoop to obtain a small representative
sample and deposited into numbered sample bags.
Mineralised 4m composite sampled where resampled at 1m intervals using stored
original 1m cyclone split samples
FML Diamond Sampling
Diamond core was sampled across geologically identified zones of mineralisation,
the sample widths varied between a minimum of 0.2m and a maximum of 1.2m with
material on either side sampled to capture the entire mineralised zone.
The diamond core was marked up for sampling by the supervising geologist during
the core logging process, with sample intervals determined by the presence of
lithology, alteration, and where applicable core loss. The core was cut in half using
a core saw and the same half of the core (RHS looking downhole) was routinely
sent to the laboratory for analysis. Some soft core was sampled half by using a
bolster, and some fractured quartz core were cut in half by using manual diamond
core saw to ensure half core was sampled.
A small number of whole core samples where routinely collected for bulk density
analysis. These samples were submitted to the same lab for gold analysis after
bulk density measurement.
Drilling techniques RC drilling was conducted using a 5 3/8inch face sampling hammer for RC drilling.
At hole completion, downhole surveys for RC holes were completed at 30m
intervals using a True North Seeking Gyro tool.
At hole completion diamond holes were surveyed using a single shot tool at a
range of intervals between 20m and 50m, averaging 30m.
Diamond drill holes with dips less than 50 degrees were collared from surface to a
predetermined depth using a rock roller bit.
Where possible on holes with dips more than 50 degrees an RC pre-collar was
completed to improve drillingefficiency.

Page 19 of 30

Criteria Explanation
All pre-collars where cased off and the diamond component of the drill hole
completed using HQ3 (producing 63mm core diameter) equipment.
Wherever core conditions and hole orientation would allow, drill core was oriented
by the drilling contractor using the electronic ACT III Tool.
Drill sample
recovery		 RC sample recovery was recorded by a visual estimate during the logging process.
DD sample recovery was measured and calculated (core loss) during the logging
process. DD core had generally reasonable recovery <10% core loss in and around
mineralisation. Some holes had more than 30% core loss. Where this core loss
was experienced around HG and VHG it likely had a material impact on reported
calculated intersection grade as all core loss was fully diluted and assigned a grade
of 0.0g/t Au.
Logging All RC samples were geologically logged to record weathering, regolith, rock type,
colour, alteration, mineralisation, structure, texture and any other notable features
that are present. All data is entered directly into validating digital software directly.
All core samples were oriented where possible, marked into metre intervals and
compared to the depth measurements on the core blocks. Any loss of core was
noted and recorded in the drilling database.
All diamond core was logged for structure, geology and geotechnical data using the
same system as that for RC.
Logging was qualitative, however the geologists often recorded quantitative mineral
percentage ranges for the sulphide minerals present.
The logging information was transferred into the company’s drilling database once
the log was complete.
Diamond core was photographed one core tray at a time using a standardised
photography jig. RC chip trays are routinely photographed.
The entire length of all holes is geologically logged/sampled.
Sub-sampling
techniques and
sample preparation		 All samples were collected in a pre-numbered calico bag bearing a unique sample
ID.
At the assay laboratory, all samples were oven dried, crushed to a nominal 10mm
using a jaw crusher (core samples only) and weighed. Samples in excess of 3kg in
weight were riffle split to achieve a maximum 3kg sample weight before being
pulverized to 90% passing 75μm.
Gold analysis was by 40g Fire Assay with an AAS Finish.
Jinning Testing & Inspection completed the assay testing, with sample preparation
and assay completed in Kalgoorlie.
The assay laboratories’ sample preparation procedures follow industry best
practice, with techniques andpractices that are appropriate for this style of

Market Announcement | Page 20 of 30

Criteria Explanation
mineralisation. Pulp duplicates were taken at the pulverising stage and selective
repeats conducted at the laboratories’ discretion.
QAQC checks involved inserting standards 1:20 samples (with minimum 3
standards every submission).
The sample sizes were appropriate for the type, style and consistency of
mineralisation encountered during this phase of exploration.
Regular reviews of the sampling were carried out by the supervising geologist and
senior field staff, to ensure all procedures were followed and best industry practice
carried out.
The sample sizes were appropriate for the type, style and consistency of
mineralisation encountered during this phase of exploration.
Quality of assay
data and
laboratory tests		 The assay method and laboratory procedures were appropriate for this style of
mineralisation. The fire assay technique was designed to measure total gold in the
sample.
No geophysical tools, spectrometers or handheld XRF instruments were used for
assay determination.
The QA/QC process described above was sufficient to establish acceptable levels
of accuracy and precision. All results from assay standards and duplicates were
scrutinised to ensure they fell within acceptable tolerances and where they didn’t
further analysis was conducted as appropriate.
Umpire samples are collected on a routine basis will be submitted to independent
ISO certified labs in 2020.
Additional bulk mineralised RC samples have also been collected and retained for
follow up QAQC, metallurgical and sample characterisation purposes.
Verification of
sampling and
assaying		 Significant intervals were visually inspected by company geologists to correlate
assay results to logged mineralisation. Consultants were not used for this process.
Primary logging data is sent in digital format to the company’s Database
Administrator (DBA) as often as was practicable.
The DBA imports the data into an acQuire database, with assay results merged
into the database upon receipt from the laboratory.
Once loaded, data was extracted for verification by the geologist in charge of the
project.
Location of data
points		 Drill collars are surveyed after completion using a DGPS instrument with accuracy
of +/-20cm.
Where possible, all drill core was oriented by the drilling contractor using an ACT III
electronic system.
A True North Seeking Gyro was used for down hole surveying.
All coordinates and bearings use the MGA94 Zone 51 grid system.

Market Announcement | Page 21 of 30

Criteria Explanation
FML utilises Landgate sourced regional topographic maps and contours as well as
internally produced survey pick-ups produced by the mining survey teams utilising
DGPS base station instruments.
Data spacing and
distribution		 Drill spacing of resource infill approximates
•
40m x 20m at Beasley Creek and Beasley Creek South
•
100m x 40m at Wedge Far North
•
40m x 40m at Gladiator West
•
80m spaced RC on a singl e line at Skull Creek
•
120-140mm sections at Burtville North
•
60m and 120m spaced sections at Prendergast North
•
180m spaced sections at Prendergast South
Orientation of data
in relation
to geological
structure		 Drilling was designed based on previous geological models, historical data, cross-
sectional and long-sectional interpretation.
Where achievable, drill holes were oriented at right angles to strike of deposit, with
dip optimised for drill capabilities and the dip of the ore body.
True widths have not been calculated for reported intersections. However, drill
orientation was wherever possible consistently optimised to approximate true width
of mineralisation.
Sample security All samples were reconciled against the sample submission with any omissions or
variations reported to FML.
All samples were bagged in a tied numbered calico bag. The bags were placed into
cable tied numbered green bags. Samples were delivered directly to the assay lab
byFMLpersonnel.

Market Announcement | Page 22 of 30

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section)

Criteria Explanation
Mineral tenement and
land tenure status		 The drilling was conducted on tenements 100% owned by Focus Minerals
Laverton Drilling
Beasley Creek and Beasley Creek South Deposits are located on M38/049
Gladiator West is located on P38/4163 and E38/3424
Wedge Far North is located on E38/3186
Barnicoat East Fault was targeted at Skull Creek on E38/1864
Burtville North was targeted on E38/1642
The Nyalpa Pirniku claim cover the Laverton Project tenure. At this stage no Laverton
claims have progressed to determined status.
Historical Exploration
and Exploration done by
other parties		 Beasley Creek
Beasley Creek was formerly mined as an open pit to about 85m depth by WMC from
1987-1994 with production of 88.8Koz.
Later exploration has been performed by Metex/Delta Gold 1996/1997 and then Crescent
Gold in 2010.
Beasley Creek South
Beasley Creek South has been drilled by numerous companies over the years, mainly
WMC who mined the adjacent Beasley Creek open pit, Metex Resources and
Crescent Gold NL.
Drill spacing on the main shear approached 20m x 20m and was useful for guiding
follow up drill depths. However, due to RC sample issues within the main shear none
of these holes were used in this resource estimate.
Gladiator West
Gladiator west has been previously explored by other parties including Metex and Placer
Dome historical drilling is available on WAMEX
Wedge Far North
Wedge Far North has been previously explored by other parties including Placer Dome,
and Hill historical drilling is available on WAMEX
Skull Creek
The Barnicoat East Fault has not been effectively drill tested previously on E38/1864
with limited very wide spaced and shallow drilling completed historically. The Skull
Creek traverse is the first effective test of this structure on E38/1864.
Burtville North
Burtville North has been targeted by various companies historically including
Cresecent and Focus. Historical drilling is available on WAMEX.
Prendergast Well North/South
E38/1725 has been targeted by various companies historically including Cresecent
and Focus. Historical drilling is available on WAMEX.

Market Announcement | Page 23 of 30

Criteria Explanation
Geology Beasley Creek
•
Mineralisation at Beasley Creek is located on the Beasley Creek Shear Zone and
cross cutting Fitton and McIntyre FZ’s. The Beasley Creek SZ is deeply weathered to
at least 200m depth with gold mineralisation hosted in:
•
saprolitic clays,
•
saprock of hydrothermally brecciated sediments, conglomerates and minor black
shale,
•
iron stone after gossan,
•
laminated veins and,
•
breccia vein infill.
Core loss typically occurs when quartz breccia fragments become partially lodged in the
drill bit. These hard fragments rotate with the bit causing grinding/washing of the soft highly
oxidised shear matrix.
Beasley Creek South
Mineralisation at Beasley South is located on the moderately east dipping Beasley
Shear Zone (SZ). To date mineralisation is confirmed at Beasley South over 500m
strike and to within 400m of the southern side of Beasley Creek.
The Beasley SZ is deeply weathered to ~80-100% clay and drill intersections to date
at 130m depth are located in completely weathered rock.
The Beasley SZ is sandwiched between hanging-wall (eastern) mafic high
magnesium volcanics and footwall (western) ultramafic intrusions and feldspar-
hornblende porphyries.
The weathered rocks within the Beasley SZ include:
saprolitic clays,
saprock of hydrothermally brecciated sediments, conglomerates and minor black
shale,
iron stone after gossan,
laminated veins and,
breccia vein infill.
Core loss typically occurs when quartz breccia fragments become partially lodged in
the drill bit. These hard fragments rotate with the bit causing grinding/washing of the
soft highly oxidised shear matrix.
Due to the soft nature of the oxidised shear RC sample recovery has proven to be
elusive and regularly is less than 40% within mineralised Beasley Creek SZ
Gladiator West
Mineralisation targeted at Gladiator west dips at about 55 degrees to the east and is
located footwall of the Gladiator UG mine. Gold mineralisation located by Focus in 2019
is hosted by sheared dolerite with disseminated pyrite
Wedge Far North
Mineralisation is hosted by the shallow east dipping Lancefield SZ which is localised on a
sheared and altered interflow shale sandwiched between hangingwall high magnesium
basalt and footwall dolerites
Skull Creek
Mineralisation was targeted on the Barnicoat East Fault zone. The Fault is proximal to a
NW striking AMAG high. Drilling intersected a package of sheared shales and mafics.
Mineralisation was associated with a mylonite
Burtville North
The areas hosts historic shafts and outcropping veins. Infill drilling tested the area for a
repeat of Burtville style mineralisation beneath a shallow west dipping sill of Gabbro.

Market Announcement | Page 24 of 30

Criteria Explanation Explanation Explanation Explanation Explanation Explanation Explanation Explanation









Prendergast Well North
An NNW striking AMAG feature is associated with low level soil gold anomalies. It
appears that cross cutting WSW striking faults are associated with fault breaks in the
stratigraphy and better grades and intersections have been found locally in the vicinity of
the cross cutting features.
Prendergast Well South
A shallow west dipping fault (Probable Barnicoat West FZ) and geological contact is
tending through the central part of the tenement and is associated with anomalous gold
mineralisation. Further south significant mineralisation is associated with this Fault Zone
at the Kerringal Open Pit
Drill hole information

Collar details (MGA94 Zone51) of FML holes drilled during the December quarter 2020:
Beasley Creek DD collars and significant results
BeasleyCreek RC collars and significant results
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(M GA94)
(m)
16.0m @ 3.62g/t from 210m for (GxM 57.9)
2.65m @ 4.16g/t from 219.8m for (GxM 11.0)
1.00m @ 1.73g/t from 225m for (GxM 1.7)
9.60m @ 1.62g/t from 207.4m for (GxM 15.6)
11.00m @ 2.27g/t from 234m for (GxM 25)
(M GA 94 Zone 51)
B easley C reek D rill C o llars. Significant Intersectio ns calculated at 0.5g/ t A u cut o ff
an up to 3m internal dilutio n
(A ll co re lo ss fully diluted and assigned 0.0g/ t A u )
21BSDD002 434279
6838688
437
-80
315
232
275
260.4
21BSDD003 434322
6838852
436
-80
21BSDD002 434279 6838688 437 -80 315 232 16.0m @ 3.62g/t from 210m for (GxM 57.9)
2.65m @ 4.16g/t from 219.8m for (GxM 11.0)
1.00m @ 1.73g/t from 225m for (GxM 1.7)
21BSDD003 434322 6838852 436 -80 275 260.4 9.60m @ 1.62g/t from 207.4m for (GxM 15.6)
11.00m @ 2.27g/t from 234m for (GxM 25)
BeasleyCreek RC collars and significant results

Market Announcement | Page 25 of 30

Hole ID Easting Northing RL Dip Azimuth Depth Intersection
(M GA 94 Zone 51) (M GA94) (m)
B easley C reek R C D rill C o llars. Significant Interse
o ff an up to 3m internal		 ctio ns calculated at 0.5g/ t A u cut
dilutio n
21BSRC002 433950 6839321 437 -60.2 56.6 72 1.00m @ 0.94g/t from 25m fro (GxM 0.9)
3.00m @ 0.69g/t from 39m fro (GxM 2.1)
1.00m @ 0.6g/t from 45m fro (GxM 0.6)
21BSRC003 433933 6839309 437 -59.9 54.1 84 1.00m @ 0.54g/t from 8m fro (GxM 0.5)
1.00m @ 0.64g/t from 30m fro (GxM 0.6)
2.00m @ 0.89g/t from 51m fro (GxM 1.8)
21BSRC004 433913 6839297 438 -59.9 55.1 108 2.00m @ 1.32g/t from 21m fro (GxM 2.6)
1.00m @ 0.74g/t from 65m fro (GxM 0.7)
2.00m @ 1.14g/t from 73m fro (GxM 2.3)
21BSRC005 433899 6839286 438 -60.3 55.4 138 1.00m @ 4.33g/t from 32m fro (GxM 4.3)
1.00m @ 0.58g/t from 40m fro (GxM 0.6)
3.00m @ 0.64g/t from 107m fro (GxM 1.9)
21BSRC006 433937 6839333 437 -59.7 56.0 72 1.00m @ 0.62g/t from 19m fro (GxM 0.6)
21BSRC007 433922 6839323 438 -59.8 53.5 84 1.00m @ 9.15g/t from 49m fro (GxM 9.2)
1.00m @ 0.57g/t from 67m fro (GxM 0.6)
21BSRC008 433904 6839312 438 -59.5 54.9 108 1.00m @ 0.63g/t from 0m fro (GxM 0.6)
1.00m @ 1.8g/t from 54m fro (GxM 1.8)
1.00m @ 1.07g/t from 63m fro (GxM 1.1)
9.00m @ 1g/t from 70m fro (GxM 9)
1.00m @ 2.44g/t from 85m fro (GxM 2.4)
21BSRC009 433887 6839300 437 -60.0 55.0 132 1.00m @ 0.76g/t from 0m fro (GxM 0.8)
1.00m @ 1.04g/t from 78m fro (GxM 1.0)
1.00m @ 0.65g/t from 95m fro (GxM 0.6)
1.00m @ 4.11g/t from 102m fro (GxM 4.1)
21BSRC010 433923 6839350 437 -59.3 58.1 66 1.00m @ 0.71g/t from 0m fro (GxM 0.7)
21BSRC011 433908 6839340 438 -59.8 54.4 84 1.00m @ 0.82g/t from 0m fro (GxM 0.8)
21BSRC012 433890 6839329 437 -60.4 50.9 120 5.00m @ 2.91g/t from 61m fro (GxM 14.6)
1.00m @ 0.87g/t from 106m fro (GxM 0.9)
21BSRC013 433873 6839318 437 -60.1 53.0 132 7.00m @ 2.3g/t from 70m fro (GxM 16.1)
1.00m @ 2.91g/t from 85m fro (GxM 2.9)
21BSRC014 433883 6839276 438 -62.3 53.2 162 2.00m @ 3.4g/t from 46m fro (GxM 6.8)
8.00m @ 1.7g/t from 113m fro (GxM 13.6)
1.00m @ 0.51g/t from 125m fro (GxM 0.5)
5.00m @ 0.6g/t from 129m fro (GxM 3)
21BSRC016 433895 6839355 437 -60.2 55.5 96 1.00m @ 0.62g/t from 28m fro (GxM 0.6)
21BSRC017 433878 6839344 437 -61.5 54.1 90 4.00m @ 0.86g/t from 50m fro (GxM 3.4)
21BSRC018 433864 6839334 437 -60.9 56.0 108 13.00m @ 0.76g/t from 56m fro (GxM 9.9)
2.00m @ 2g/t from 74m fro (GxM 4)
21BSRC019 433848 6839323 438 -60.8 53.5 132 1.00m @ 0.63g/t from 0m fro (GxM 0.6)
9.00m @ 2.57g/t from 83m fro (GxM 23.1)
1.00m @ 0.64g/t from 96m fro (GxM 0.6)
1.00m @ 1.33g/t from 104m fro (GxM 1.3)
21BSRC020 433858 6839308 437 -60.6 54.7 138 2.00m @ 5.46g/t from 111m fro (GxM 10.9)
1.00m @ 0.62g/t from 120m fro (GxM 0.6)

Market Announcement | Page 26 of 30

Criteria Explanation Explanation Explanation Explanation Explanation Explanation Explanation Explanation

Beasley Creek South DD collars and significant results
Hole ID Easting Northing RL Dip Azimuth Depth Intersection
(M GA 94 Zone 51) (M GA94) (m)
B easley So uth D rill C o llars. Significant Intersectio ns calculated at 0.5g/ t A u cut o ff an
up to 3m internal dilutio n
(A ll co re lo ss fully diluted and assigned 0.0g/ t A u )
21BSDD004 434029 6838060 433 -80 270 192.5 1.00m @ 0.9g/t from 106m fro (GxM 0.9)
2.00m @ 0.59g/t from 125m fro (GxM 1.2)
12.95m @ 1.45g/t from 134m fro (GxM 18.8)
2.00m @ 1.06g/t from 152m fro (GxM 12.7)
21BSDD005 434026 6837977 433 -80 270 186.6 1.00m @ 0.64g/t from 81m fro (GxM 0.6)
6.00m @ 1.32g/t from 86m fro (GxM 7.9)
7.00m @ 2.84g/t from 114m fro (GxM 19.9)
4.00m @ 4.88g/t from 125m fro (GxM 19.5)
11.00m @ 1.44g/t from 139m fro (GxM 15.8)
1.00m @ 1.05g/t from 167m fro (GxM 1.0)
21BSDD006 434003 6837858 433 -80 270 173 9.00m @ 2.32g/t from 88m fro (GxM 20.9)
0.90m @ 0.58g/t from 105m fro (GxM 0.5)
1.30m @ 0.65g/t from 107.7m fro (GxM 0.8)
6.00m @ 0.62g/t from 116m fro (GxM 3.7)
2.30m @ 2.03g/t from 125.7m fro (GxM 4.7)
2.00m @ 1.42g/t from 143m fro (GxM 2.8)
Gladiator West RC collars and significant results Intersection
1.00m @ 0.94g/t from 99m fro (GxM 0.9)
1.00m @ 0.6g/t from 73m fro (GxM 0.6)
4.00m @ 0.66g/t from 80m fro (GxM 2.6)
1.00m @ 0.52g/t from 102m fro (GxM 0.5)
1.00m @ 0.85g/t from 84m fro (GxM 0.8)
2.00m @ 1.22g/t from 116m fro (GxM 2.4)
1.00m @ 0.76g/t from 141m fro (GxM 0.8)
4.00m @ 0.93g/t from 24m fro (GxM 3.7)
12.00m @ 1.71g/t from 32m fro (GxM 20.5)
5.00m @ 0.63g/t from 79m fro (GxM 3.2)
2.00m @ 1.73g/t from 94m fro (GxM 3.5)
1.00m @ 0.72g/t from 68m fro (GxM 0.7)
1.00m @ 0.79g/t from 77m fro (GxM 0.8)
1.00m @ 1g/t from 74m fro (GxM 1)
4.00m @ 0.53g/t from 4m fro (GxM 2.1)
1.00m @ 0.54g/t from 150m fro (GxM 0.5)
ctio ns calculated at 0.5g/ t A u cut
dilutio n
Hole ID Easting Northing RL Dip Azimuth Depth Intersection
(M GA 94 Zone 51) (M GA94) (m)
Gladiato r West R C D rill C o llars. Significant Interse
o ff an up to 3m internal
21GLRC001 436817 6833804 443 -59.7 268.9 120 1.00m @ 0.94g/t from 99m fro (GxM 0.9)
21GLRC002 436856 6833801 444 -59.8 268.3 108 1.00m @ 0.6g/t from 73m fro (GxM 0.6)
4.00m @ 0.66g/t from 80m fro (GxM 2.6)
1.00m @ 0.52g/t from 102m fro (GxM 0.5)
21GLRC003 436816 6833880 443 -60.3 266.5 124 1.00m @ 0.85g/t from 84m fro (GxM 0.8)
2.00m @ 1.22g/t from 116m fro (GxM 2.4)
21GLRC004 436855 6833879 444 -60.5 265.1 150 1.00m @ 0.76g/t from 141m fro (GxM 0.8)
21GLRC006 436817 6833940 443 -59.9 265.8 132 4.00m @ 0.93g/t from 24m fro (GxM 3.7)
12.00m @ 1.71g/t from 32m fro (GxM 20.5)
5.00m @ 0.63g/t from 79m fro (GxM 3.2)
2.00m @ 1.73g/t from 94m fro (GxM 3.5)
21GLRC008 436814 6834001 443 -59.3 268.7 139 1.00m @ 0.72g/t from 68m fro (GxM 0.7)
1.00m @ 0.79g/t from 77m fro (GxM 0.8)
21GLRC009 436772 6834000 442 -59.7 268.2 144 1.00m @ 1g/t from 74m fro (GxM 1)
21GLRC011 436998 6833722 451 -50.5 262.6 162 4.00m @ 0.53g/t from 4m fro (GxM 2.1)
1.00m @ 0.54g/t from 150m fro (GxM 0.5)

Market Announcement | Page 27 of 30

Criteria Explanation Explanation Explanation Explanation Explanation Explanation Explanation Explanation Explanation Explanation Explanation
Wedge Far North RC collars and significant results
Hole ID Easting Northing RL Dip Azimuth Depth Intersection
(MGA 94 Zone 51) (MGA94) (m)
Wedge Far North Drill Collars. Significant Intersections calculated a
19LNRC047 442554 6849459 468 -50.5 273.1 174 1.00m @ 0.81g/t from 29m for (GxM 0.8)
19LNRC048 442614 6849467 469 -50.3 272.1 180 1.00m @ 0.51g/t from 29m for (GxM 0.5)
1.00m @ 1g/t from 34m for (GxM 1)
19LNRC049 442672 6849453 469 -51.5 274.8 180 1.00m @ 1.72g/t from 66m for (GxM 1.7)
2.00m @ 0.87g/t from 77m for (GxM 1.7)
2.00m @ 1.02g/t from 118m for (GxM 2.0)
1.00m @ 0.54g/t from 150m for (GxM 0.5)
19LNRC050 442550 6849362 468 -50.5 269.3 54 1.00m @ 0.74g/t from 34m for (GxM 0.7)
1.00m @ 0.55g/t from 48m for (GxM 0.6)
19LNRC051 442611 6849361 468 -50.8 269.3 174 1.00m @ 1.32g/t from 28m for (GxM 1.3)
19LNRC052 442670 6849358 469 -49.8 265.7 174 9.00m @ 2.31g/t from 39m for (GxM 20.8)
19LNRC053 442594 6849254 468 -50.9 267.8 174 3.00m @ 1.11g/t from 13m for (GxM 3.3)
19LNRC054 442653 6849258 469 -50.5 266.5 174 2.00m @ 1.87g/t from 19m for (GxM 3.7)
2.00m @ 1.36g/t from 37m for (GxM 2.7)
19LNRC055 442715 6849259 469 -50.9 268.1 168 13.00m @ 1.22g/t from 42m for (GxM 15.9)
3.00m @ 1.88g/t from 78m for (GxM 5.6)
21LNRC001 442752 6849259 470 -60.6 272.2 90 4.00m @ 0.66g/t from 52m for (GxM 2.6)
21LNRC002 442792 6849260 470 -60.2 270.9 102 1.00m @ 2.06g/t from 67m for (GxM 2.1)
21LNRC003 442709 6849359 470 -60.5 274.3 90 2.00m @ 1.13g/t from 75m for (GxM 2.3)
21LNRC004 442750 6849358 470 -59.4 272.0 96 3.00m @ 0.7g/t from 93m for (GxM 2.1)
21LNRC005 442712 6849453 470 -60.4 271.0 132 1.00m @ 3.79g/t from 78m for (GxM 3.8)
Skull Creek RC collars and significant results
Hole ID Easting Northing RL Dip Azimuth Depth Intersection
(M GA 94 Zone 51) (M GA94) (m)
Skull C reek R C D rill C o llars. Significant Intersectio
an up to 3m internal dil
21GERC009 451966 6834798 493 -51.3 67.0 150 4.00m @ 0.61g/t from 144m for (GxM 2.4)
21GERC010 451904 6834775 492 -50.8 67.3 150 16.00m @ 0.86g/t from 4m for (GxM 13.8)
12.00m @ 1.01g/t from 28m for (GxM 12.1)

Market Announcement | Page 28 of 30

Criteria Explanation Explanation Explanation Explanation Explanation Explanation Explanation Explanation Explanation Explanation
Burtville North RC collars and significant results
Hole ID Easting Northing RL Dip Azimuth Depth Intersection
(M GA 94 Zone 51) (M GA94) (m)
B urtville N o rth R C D rill C o llars. Significant Interse
o ff an up to 3m internal
20KARC001 465360 6818520 484 -49.6 275.2 150 1.00m @ 0.58g/t from 134m for (GxM 0.6)
20KARC003 465320 6818680 484 -50.9 273.4 162 1.00m @ 0.56g/t from 119m for (GxM 0.6)
20KARC008 465034 6818701 489 -49.8 118.7 180 1.00m @ 0.83g/t from 62m for (GxM 0.8)
4.00m @ 0.66g/t from 68m for (GxM 2.6)
1.00m @ 3.12g/t from 116m for (GxM 3.1)
20KARC010 464895 6818781 491 -50.8 119.5 180 4.00m @ 0.72g/t from 72m for (GxM 2.9)
4.00m @ 0.66g/t from 96m for (GxM 2.6)
2.00m @ 0.62g/t from 146m for (GxM 1.2)
20KARC011 464965 6818902 489 -50.8 118.1 174 3.00m @ 2.52g/t from 143m for (GxM 7.6)
8.00m @ 0.76g/t from 156m for (GxM 6.1)
20KARC016 465382 6818838 471 -50.0 120.0 192 3.00m @ 0.67g/t from 63m for (GxM 2.0)
9.00m @ 0.83g/t from 105m for (GxM 7.5)
Hole ID Easting Northing RL Dip Azimuth Depth Intersection
(MGA 94 Zone 51) (MGA94) (m)
Prendergast Well South RC Drill Collars. Significant Intersections c
internal dilution
21PSRC001 453818 6809952 426 -50 270 174 1m @ 0.51g/t form 67m for (GxM 0.5)
21PSRC002 453779 6809946 426 -50 270 186 3m @ 2.57 g/t from 61m for (GxM 7.7)
21PSRC003 453864 6809752 426 -50 270 162 1m @ 0.93 g/t from 86m for (GxM 0.9)
1m @ 0.79g/t from 145m for (GxM 0.8)
Data aggregation
methods		 Mineralised intersections are reported at a 0.5g/t Au cut-off with a minimum reporting
width of 1m and up to 3m internal dilution.

Market Announcement | Page 29 of 30

Criteria Explanation
For diamond core at Beasley Creek and Beasley Creek South mineralised intersections
are reported at a 0.5g/t Au cut-off with a minimum reporting width of 1m and up to 3m
internal dilution. Furthermore, any core loss within reported intervals has been
assigned a grade of 0.0 g/t in order to generate conservative intersections
Relationship between
mineralization widths and
intercept
lengths		 Wherever possible holes were drilled orthogonal to mineralisation
True widths can be estimated once geological/mineralisation modelling has been
completed.
Furthermore, no intersections are represented as calculated true widths in this report.
Diagrams Accurate plans are included in this announcement. 3D perspective views and schematic
cross-sections are included to illustrate the distribution of grade.
Balanced reporting Drilling results are reported in a balanced reporting style. The ASX announcement for
FML holes shows actual locations of holes drilled, and representative sections as
appropriate.
Other substantive
exploration data		 There is no other material exploration data to report at this time.
Further work FML anticipates additional drilling to follow up on encouraging results in Laverton.

Market Announcement | Page 30 of 30

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