FOCUS MINERALS LTD — Interim / Quarterly Report 2013

Jul 16, 2013

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity

FOCUS MINERALS LIMITED

	ABN 56 005 470 799 Consolidated statement of cash flows	ABN 56 005 470 799 Consolidated statement of cash flows	Quarter ended (“current quarter”) 30 JUNE 2013	Quarter ended (“current quarter”) 30 JUNE 2013
			30 JUNE 2013
Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration (e) royalties paid 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material) - Bonds - Takeover costs Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)		Current quarter $A’000		Year to date $A’000
		26,788 (3,746) (4,332) (52,958) (5,364) (15,721) - 1,906 - - 962		214,768 (15,343) (14,419) (235,379) (18,927) (23,431) - 3,581 - - 2,264
		(52,465)		(86,886)
		- - (1,738) - - - - - (170) -		- - (7,475) - - - - - (12,165) -
		-		-
		(1,908)		(19,640)
1.13 Total operating and investing cash flows (brought forward)		(54,373)		(106,526)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. Share issue costs 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) Net financing cash flows	- - - - - -	218,091 - - - - -
	-	218,091
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter	(54,373) 168,541 -	111,565 2,603 -
	114,168	114,168

Gold on hand – At 30 June 2013 the Company held 1,314 ounces of gold in its metal account with the Perth Mint.

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
		149
		-
1.25	Explanation necessaryfor an understandingof the transactions
	Director fees & superannuation expense.

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

• Nil

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest Nil

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

• 3.1 Loan facilities 3.2 Contingent Instrument Facility

n.
Amount available $A’000	Amount used $A’000
10,000 18,000	8,000 7,037

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	1,305
	0
	12,372
	2,817
Total	16,494

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A’000	Previous quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft Available cash (item 1.22) 5.4 Other (provide details) - Bonds	114,159	168,542
	-	-
	-	-
	114,159	168,542
	25,431	25,200
Total: cash at end of quarter	139,590	193,742

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Changes in interests in mining tenements

6.1 Interests in mining & prospecting tenements relinquished, reduced or lapsed 6.2 Interests in mining * prospecting tenements acquired or increased	Tenement reference	Nature of interest (note(2))	Interest at beginning ofquarter	Interest at end of quarter
	P38/3766 P38/3702 P38/3708 P38/3709 P39/4648 P39/4782 E38/1930 E39/1296 M38/372 M38/694 P38/3496 P38/3497 P38/3499 P38/3717 P38/3718 P38/3719	Lapsed Lapsed Lapsed Lapsed Transferred Transferred Transferred Transferred Transferred Transferred Transferred Transferred Transferred Transferred Transferred Transferred	100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%	0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
	P38/3974 P38/3975 P38/3976 P15/5716 P15/5730 P15/5749 P15/5750 P15/5756	Acquired Acquired Acquired Acquired Acquired Acquired Acquired Acquired	0% 0% 0% 0% 0% 0% 0% 0%	100% 100% 100% 100% 100% 100% 100% 100%

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

	Total number	Number quoted	Issue price per security (see note3) (cents)	Amount paid up per security (see note3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases (b)Decreases	N/a
	N/a
7.3 +Ordinary securities	9,137,375,877	9,137,375,877

• See chapter 19 for defined terms.

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7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital,buy-backs	300,694,977 13,909,548	300,694,977 13,909,548		1.7 cents 1.6 cents
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases (b) Decreases	N/a
	N/a
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired/cancelled during quarter	13,500,000 15,000,000	- -		Exercise price 12.3 cents 5.0 cents	Expiry date 30 June 2014 28 February 2016
	15,000,000	-		5.0 cents	28 February 2016
	-	-		-	-
	10,000,000	-		12.3 cents	30 June 2014
7.11 Debentures (totals only)	N/a
7.12 Unsecured notes (totals only)	N/a

• See chapter 19 for defined terms.

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Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

• 2 This statement does give a true and fair view of the matters disclosed.

==> picture [120 x 40] intentionally omitted <==

Sign here: Paul Fromson Date 17 July 2013 Company Secretary

Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

• See chapter 19 for defined terms.

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