FOCUS MINERALS LTD — Investor Presentation 2012

Nov 29, 2012

FFT:FZA FOCUS MINERALS LIMITED ASX:FML Driving Sustainable Profitable Production

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Focus’ 1.2Mtpa Three Mile Hill
processing plant in Coolgardie, WA
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1 Campbell Baird, CEO Focus Minerals AGM, 30 November 2012

ASX:FML 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 and Minerals Resources is based on information compiled by Dr Garry Adams who is a Member of The Australasian Institute of Mining and Metallurgy. Dr Adams is employed by Focus Minerals 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 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Adams consents to the inclusion in the report of the matters based on the information in the form and content in which it appears.

The information in this report that relates to Ore Reserves is based on information compiled by Mr Peter Ganza, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Ganza is a full time employee of Focus Minerals 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 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Ganza consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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Achievements

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In 2012 Focus has delivered a number of important operational successes:

• Takeover and integration of Crescent Gold

Laverton

• Operations from $51M loss to $3.8M profit

• Reduced cash costs from $1,554/oz to $1,203/oz

• Produced over 100,000oz in Calendar year 2012

• Developed two new production centres: Tindals Open Pits & The Mount underground

• Increased quarterly gold production by 37%

Coolgardie

• Three Mile Hill plant poured its 1,000th gold bar under Focus’ operation (Produced 89,959 ounces in past 12 months)

• Tindals underground produced 250,000[th] oz since commencing in 2008 with a 40Koz reserve

Achieved exploration success

• Expanded Resource and Established first Ore Reserve at Burtville; now moving to mining

• Expanded surface Mineral Resource base at Tindals Mining Centre (195,000 ounces added in Coolgardie)

• Company Reserve at 514,000 ounces after depletion of 176,000 ounces.

• Discovered new 4km long mineralised system at Treasure Island

Delivered Results

• Group gold production increased 143% to 176,632oz

• Revenue increased 151% to $258.3M

• Gross Profit increased 101% to $55.6M

• NPAT $6.8M from $7.2M in 11/12

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An Enviable Portfolio of Strategic Assets

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Focus has now established an enviable portfolio of strategic assets that provide a strong platform for profitable growth:

World Class Landholding

• 1,650 sq. km of tenements in two world class gold producing districts

• And one just waiting to be unlocked

• Less than 4% explored, with only shallow drilling

• Tenements abut multi-million ounce mines

Processing Infrastructure

• •Existing 1.2Mtpa plant in Coolgardie

• •2.0Mtpa Ore Processing Agreement with Barrick in Laverton •1.45Mtpa Barnicoat plant (on care and maintenance in Laverton)

Operational Scale

• Mineral Resource of 59Mt @ 2.2g/t for 4.3Moz • Achieved 176,632oz in FY2012 • Ore Reserve of 7.6Mt @ 2.1g/t for 0.51Moz

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Strong Growth in Company Scale and Production

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Focus has driven very strong growth over the last 4 years

200,000 Coolgardie Laverton 176,632oz 180,000 160,000 140,000 120,000 100,000 89,959oz 80,000 72,830oz 62,296oz 60,000 41,401oz 40,000 20,000 4,456oz - FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 Recommissioned Tindals Developed Perseverance Recommissioned Three Developed 2 x new mines Takeover of Crescent Underground – June & Countess Ore Bodies Mile Hill Treatment Plant Laverton operations Quarter 08

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Goals for Leveraging These Assets

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Deliver capital growth and dividend returns to shareholders by:

1. Improving margins

• Grade – Exploration to find higher grade orebodies to mine

• Processing - Improving economies of scale by expanding processing plants throughput

2. Delivering Sustainability

• Extending reserves – Adding to the Reserve base to underwrite continuity of production and expand mine life

• 3 Year Goal - Resource/Reserve definition drilling to build Reserve base for company to +1.0Moz

3. Discovery

• Expanding Resources - Unlock the potential of Focus’ large landholdings in key West Australian gold producing regions including Treasure Island.

• 3 Year Goal - Greenfields Exploration to add at least 1.5Moz to FML’s Resource base

4. Leveraging Scale

• Production Growth - Production to be boosted from Coolgardie & Laverton as a the project pipeline begins to develop.

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Brief Investor Video

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Developing the Resource Pipeline

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Tindals
Open Pits
PRODUCING Burtville
The
Mount
Greenfields
Tindals
Apollo Underground
Chatterbox
Lindsays
(Apollo
Tindals
DEVELOPING Lancefield area) Surface
PROJECTS Brilliant
Admiral Hill
Bayleys
Jasper Hills UG
Treasure Island
Bayleys Project Area
Lancefield Central Chatterbox
EXPLORATION Trend Trend Nepean Trend
Barnicoat
Norris Project Area
Trend
Coolgardie Laverton Nickel
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Focus has a strong pipeline of assets at varying stages of development

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It has a roadmap for production for the next 10 years

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Roadmap based purely on the existing Resource base across

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Exploration success will only strengthen this position

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Expanding Our Ore Reserves

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Goal to accelerate reserve definition drilling across Coolgardie and Laverton.

Targeting to increase Ore Reserves to 1.0Moz over next 3 years

Target higher grade / longer life potential resource development opportunities $18M Budgeted to Reserve extension drilling in CY13

Tindals Project	1,154	2.5	93,000
Mount Project	126	4.2	17,000
Lindsays-Bayleys Project	0	0.0	0
Three Mile Hill Project	999	1.9	60,000
Total Coolgardie	2,830 2.0 183,000
LAVERTON GOLD PROJECT
Barnicoat Project	589	2.2	41,000
Burtville Project	1,044	1.4	46,000
Central Laverton Project	825	1.3	34,000
Chatterbox Project	714	2.2	51,000
Jasper Hills Project	331	2.4	26,000
Lancefield Project	680	4.9	108,000
Total Laverton	4,811 2.1 331,000
TOTAL COMBINED RESERVES	7,641 2.1 514,000

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Exploration and Resource Discovery

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Major target ranking exercise undertaken Goal to identify future mining targets

Prioritised targets that do not yet have an Inferred Mineral Resource.

Identified over 40 targets across tenement package $22M Budgeted to green fields exploration in CY13

District	Target	Key Intercepts	Classification
Laverton	Wider Burtville Area	5m @ 21.5g/t; 4m @ 57.4g/t	Stage 3
	Lancefield Repeat		Stage 3
	Admiral Hill West - A, B & C		Stage 2
	Sunrise North - A & B		Stage 2
Coolgardie	Bayleys North	8m @ 10.2g/t; 6m @ 3.8g/t	Stage 3
	JollyBritons	10m @ 21g/t; 4m @ 10.5g/t	Stage 3
	Melanie Anne	5m @ 3.5g/t; 6m @ 6.6g/t	Stage 3
	Boundary	20m @ 3.7g/t	Stage 3
The Mount	Mount North		Stage 2
	South Extension		Stage 2
Treasure Island Gold Project	Treasure Island	Surface samples @ 58.9g/t	Stage 3
	Eastern Zone		Stage 2
	E15/1224		Stage 1

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Processing Optionality

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Key Strategic Asset: 2 x Mills in region Refurbishment of Barnicoat is fastest way to improve operating margins

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Barnicoat Plant: Refurbishment Options
1.45Mtpa
2.0Mtpa
3.0Mtpa
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3Mile Plant: Expansion Options

1.5Mtpa 2.0Mtpa 3.5Mtpa

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Capital requirements range between circa $60 - $90M

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Summary

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Goal is to deliver capital growth and dividend returns to shareholders:

1. Balance Sheet Strength

2. Established Production Platform

3. Exploration & Discovery Potential

4. Processing Optionality

5. New Team

6. Clear Strategic Plan

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APPENDICES: MINERAL RESOURCE & ORE RESERVE

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																				30 June2012	30 June2012	30 June2012
			Tonnes '000t Grade Au g/t Ounces Measured Resources					Tonnes '000t Grade Au g/t Ounces Indicated Resources					Tonnes '000t Grade Au g/t Ounces Inferred Resources					Tonnes '000t Grade Au g/t Ounces Total Resources
	COOLGARDIE GOLD PROJECT
	TindalsProject		416	4.6		62,000		10,777	2.4		837,000		3,409		2.3	251,000		14,602		2.4		1,150,000
	MountProject		131	7.8		33,000		588	5.2		98,000		576		5.5	97,000		1,295		5.5		228,000
	Lindsays-BayleysProject							4,350	1.7		238,000		3,562		2.0	233,000		7,912		1.9		471,000
	ThreeMileHill Project							2,446	1.6		123,000		1,174		1.5	57,000		3,620		1.5		180,000
	Norris Project												2,440		2.2	169,000		2,440		2.2		169,000
	Total Coolgardie		547 5.4 95,000					18,161 2.2 1,296,000					11,161 2.2 807,000					29,869 2.3 2,198,000
	LAVERTON GOLD PROJECT
	BarnicoatProject		390	1.7		21,000		2,486	1.7		135,000		3,378		1.3	137,000		6,254		1.5		293,000
	BurtvilleProject							1,573	1.3		65,000		4,146		1.3	170,000		5,719		1.3		235,000
	Central Laverton Project		41	1.5		2,000		2,768	1.8		164,000		825		1.8	48,000		3,634		1.8		214,000
	Chatterbox Project		948	2.4		72,000		3,967	2.1		273,000		3,186		2.2	227,000		8,101		2.2		572,000
	Jasper HillsProject		370	1.8		22,000		1,455	1.8		82,000		843		2.1	58,000		2,668		1.9		162,000
	Lancefield Project							2,109	6.4		436,000		713		7.0	160,000		2,822		6.6		596,000
	Total Laverton		1,749 2.1 117,000					14,358 2.5 1,155,000					13,091 1.9 800,000					29,198 2.2 2,072,000
	TOTAL COMBINED RESOURCES		2,296 2.9 212,000					32,519 2.3 2,451,000					24,252 2.1 1,607,000					59,067 2.2 4,270,000
																					30 June2012
			Tonnes '000t Grade Au g/t Ounces Proven Reserves							Tonnes '000t Grade Au g/t Ounces Probable Reserves							Tonnes '000t Grade Au g/t Ounces Total Reserves
	COOLGARDIE GOLD PROJECT
	TindalsProject		43		4.9		7,000			1,111		2.4		86,000			1,154		2.5		93,000
	MountProject									126		4.2		17,000			126		4.2		17,000
	ThreeMileHill Project									999		1.9		60,000			999		1.9		60,000
	Stocks																551		0.7		13,000
	Total Coolgardie		43 4.9 7,000							2,236 2.3 163,000							2,830 2.0 183,000
	LAVERTON GOLD PROJECT
	BarnicoatProject									589		2.2		41,000			589		2.2		41,000
	BurtvilleProject									1,044		1.4		46,000			1,044		1.4		46,000
	Central Laverton Project									825		1.3		34,000			825		1.3		34,000
	Chatterbox Project		547		2.1		37,000			167		2.6		14,000			714		2.2		51,000
	Jasper HillsProject		0		0.0		0			331		2.4		26,000			331		2.4		26,000
	LancefieldProject		0		0.0		0			680		4.9		108,000			680		4.9		108,000
	Stocks																628		1.3		25,000
	Total Laverton		547 2.1 37,000							3,636 2.3 269,000							4,811 2.1 331,000
	TOTAL COMBINED RESERVES		590 4.9 44,000							5,872 2.3 432,000							7,641 2.1 514,000

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