FOCUS MINERALS LTD — Investor Presentation 2012

Sep 9, 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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Campbell Baird, CEO Denver Gold Forum: 9[th] – 12[th] September 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 Mr Dean Goodwin who is a member of the Australian Institute of Geoscientists. Mr Goodwin 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”. Mr Goodwin 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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Focus Minerals

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Produced 176,357oz of gold in FY12 (a 140% increase on FY11) at a cash cost of $1,222/oz

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In past 12 months Focus has:

• M&A - Completed the acquisition of Crescent Gold to create a Group with 4.3Moz Gold Mineral Resource

• New Team - Built a new leadership and technical team to drive this transformation

• Operational Transformation – Turned around the Crescent assets and transformed the Coolgardie operations

• 10 Year LOM – Produced a new 10 year Life of Mine Plan for the group; and

• Exploration Success – Achieved significant exploration success

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Assets Overview

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Focus owns two processing hubs positioned in Australia’s two largest gold producing regions:

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Wallaby / Granny
Smith
Sunrise Dam
250km
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Laverton Operations

• Large scale open pit mining. 2 Main mining centres

• Currently processing at 3.5Mtpa Barrick Granny Smith

• 1.45Mtpa Barnicoat plant

• Significant landholding of 1,200km[2]

Coolgardie Operations

• 2 x u/g, 2 x open pit operations

• 1.2 Mtpa Three Mile Hill plant

• Significant landholding of 450km[2 ]

Ore Reserve of 8.9Mt @ 2.2g/t for 0.62Moz and Mineral Resource of 53Mt @ 2.5g/t for 4.3Moz

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Growth Being Driven by Expanded Board & New Leadership Team

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Don Taig, Chairman

• 34 years broad governance & operations experience

• Formerly with CRA and Metals Exploration Ltd.

• Held MD & CEO roles with major food group co.s

Bruce McCommish, Non-Exec Director

• Highly experienced in corporate finance

• Former CFO of National Australia Bank, and North Ltd.

• Spent 18 years with Unilever.

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Phil Lockyer, Non-Exec Director

• 40 years experience as a mining engineer

• Included 20 years with WMC in various roles including GM of Western Australian operations

• Sits on Board of St Barbara (ASX:SBM)

Gerry Fahey, Non-Exec Director

• +35 years experience as a geologist through Europe, Africa and Australia

• Was Chief Geologist for Delta Gold Ltd

• Director of exploration consultancy CSA Global

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Campbell Baird, Chief Executive

• Highly experienced mining engineer

• Guided expansion of Focus since 2009

• Worked internationally on projects including:

• Oyu Tolgoi, Mongolia; Kylyahti, Finland, and for Iron Ore Company of Canada.

Mark Hine, Chief Operating Officer

• Took over in December 2011.

• +30 years’ operating experience.

• Former CEO Golden West Resources Ltd, Executive General Manager Mining at Macmahon Contractors Pty Ltd and General Manager for Pasminco Ltd.

Paul Fromson, Co. Secretary & CFO

• +30 years experience, including 18 years with ASX listed resource companies.

• Former CFO & Co. Sec. at Bauxite Resources Ltd.

• Involved in gold industry since 1987 through Kobe Alumina, then part owner of the Boddington Gold Mine.

Dean Goodwin, Head of Geology

• +25 years experience in exploration geology

• Involved in discovery of Intrepid, Redoubtable & Santa Anna gold deposits at Lake Lefroy with WMC.

• 5 years with Resolute managing exploration for Chalice, Higginsville, Bullabulling and Bulong projects.

• Former MD of Barra Resources Ltd.

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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 Acquisition of Crescent Underground – June & Countess Ore Bodies Mile Hill Treatment Plant Laverton operations Quarter 08

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Significant Turnaround Commenced at Laverton

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12 month production of 87,000 ounces @ $1,260/oz Was an underperforming asset

• Laverton previously starved of funds

• Focus injected $17m in working capital over the last 9 months

• All funded internally from FML cash balances

• Not been without sacrifice to FML

Undertaken a number of operating changes

• Initially increased digging fleet from 2 to 4 to open up 3 new operating areas

• Involved development of new haul roads; dewatering bores; site Infrastructure and significant movement of overburden at Apollo new complex

Seen a strong turnaround in production

• From mining 200,000t per quarter to +500,000t per quarter

• • Improvement in efficiencies seen cash costs reduced from +$1,600/oz to $1,200/oz

• Laid the foundations for production stability

Looking forward

• Development pipeline to include Burtville, with subsequent focus on Admiral Hill, Calypso and Fish Underground

Laverton Cash Operating Costs Reduction / Production Growth

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$1,800 30,000
$1,600
25,000
$1,400
$1,200 20,000
$1,000
15,000
$800
$600 10,000
$400
5,000
$200
$0 0
Sep-11 Dec-11 Mar-12 Jun-12
Gold Produced (oz) C1 Cash Costs (A$/Oz)
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Laverton Now Positioned For Sustainable, Solid Production

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Apollo
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Stable Production

• Consolidated to 2 digging fleets

• Producing 20,000-25,000oz per quarter

Sustainable Cost Savings

• Improved planning and operational efficiencies

• Improved contractor efficiencies consolidating on two fleets

• Mining productivity lifted from 400 BCM/hr to 600 BCM/hr

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Burtville
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• Mining cost reductions from $9.00 BCM to $7.00

• BCM

• Including drill and blast cost reductions of $1.83 to $1.04 BCM

• Intercompany technical sharing seen Laverton mill recoveries increase 4% in recent Campaign

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Coolgardie Has Transformed its Production Base

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Produced 89,959koz @ $1,194/oz in FY12

Strong Growth in last 12 months

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

• Increased YOY quarterly gold production by 40%

• Producing 20,000-25,000oz per qtr.

Delivering Sustainable Cost Savings

• Improved planning and operational efficiencies driving savings

• Milling costs reduced from $35/t to $24/t in 12 months

• Negotiation of power contract delivers savings of $960,000 pa

• Negotiation of lab savings delivers savings of $500,000 pa

• Achieving reagent and consumables savings in last 6 months equivalent to $1.2m pa

Now Transitioning to Open Cut focus

• Commence second new open pit centre in September qtr (Greenfields - Reserve 1.0Mt @ 1.7g/t)

• Greenfields to provide base load for Three Mile Hill mill over next 2 years

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Coolgardie Production Growth
305,000 30,000
300,000 25,000
Open Pits
295,000 20,000
The Mount
290,000 15,000
285,000 10,000
280,000 5,000
275,000 -
Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12
Milled Tonnes Produced oz
tonnes
Ounces
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Delivered Exploration Success

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FML has delivered significant exploration success over the past 12 months:

Tindals Surface

• Grown Mineral Resource to 22.3Mt @ 2.1g/t for 1.5Moz. Continued drilling success

Greenfields

• Drilling & technical work enabling pit to be brought back into production in this Quarter

Greater Coolgardie

• Strong development pipeline emerging outside Tindals centre with success at Bayleys North, Patricia Jean and CNX.

Treasure Island

• Identified new 4km mineralised zone running 3km east of Island. Exciting greenfields play.

Apollo

• Added 100,000oz of Mineral Resource in just a few months of drilling on takeover. Able to transition area into production

Burtville

• Recent 140% increase in Mineral Resource to 235,000oz. Identified significant system

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Looking Forward > New 10 Year Life of Mine Plan

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Tindals
Open Pits
Apollo
PRODUCING Tindals
The Underground
Mount
Jasper Hills (Fish/Lord Byron)
COMMISSIONING Burtville Greenfields
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 Nepean
Trend Trend
Barnicoat
Trend Norris Project Area
Coolgardie Laverton Nickel
Not factored in LOM
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Key success for technical team has been to build a new 10 year life of mine plan

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Based purely on existing 4.3Moz Mineral Resource base across Coolgardie and Laverton

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Does not include any exploration upside

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Modelled on sustained mill throughputs with open pit and underground ore sources

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Enables business to sustain current production rate over next 10 years

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Potential exists through technical work to build production to average 235,000oz pa over 10 year period

There is further demonstrable upside on exploration success

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3 Key Areas of Development Over Next 12 Months:

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1. Development of Burtville mining centre to create 3rd major project area in Laverton:

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2011 Drilling, 50 RC Holes
2012 Drilling, 142 RC Holes Future Development Drilling
2012 Pit Design
Resource expansion: 2010 35koz / 2011 98koz / 2012 235koz
500m
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Historical low-strip ratio pit 2012 Mineral Resource of 5.7Mt @ 1.3g/t for 235,000oz

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Development targeted in Q1 2013 Strong regional exploration potential. 2km x 1km footprint.

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Known Mineralised Trends
500m
Future Exploration Drilling
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3 Key Areas of Development Over Next 12 Months:

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2. Development of Greenfields as base load for Three Mile Hill for next 2 years:

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Transition of Coolgardie base load from Tindals Underground to Greenfields open cut Low Risk Deposit; Ore Reserve of 1.0Mt @ 1.7g/t. Adjacent to Three Mile Hill plant 5:1 stripping ratio. Major cut-back commencing in Q4 2012

Greenfields open pit with Three Mile Hill Plant in background

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3 Key Areas of Development Over Next 12 Months:

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3. Continued expansion of Dreadnought open pit in Coolgardie:

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Commenced as Trial pit. Has produced 8,000oz to date Mining has enabled business to start to unlock complex geology

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Discovered additional structures running through area Major free gold component

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Potential pit footprint to significantly increase

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Major new 2 rig drilling program commenced in Sept 2012.

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Target Drilling
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Example of visible gold seen in pit floor

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New Structures being identified

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Exploration Focus: Laverton – Sparsely Drilled

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Mineral Resource of 26.5Mt @ 2.4g/t for 2.0Moz

1,200km[2] of tenements

6 major regional gold producing structures running through projects – 105km of strike Historical drilling has been shallow with large gaps in known resources

Opportunity to continue to add significant resources as only 2% of drill holes have gone below 120m Focus already added 250,000oz since taking control

Cost of discovery $30/oz

Tenements surround 3 world class deposits: Wallaby, Sunrise Dam & Granny Smith ~20Moz’s

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Exploration Focus: Coolgardie Track Record in Resource Growth

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Mineral Resource of 26.6Mt @ 2.6g/t for 2.2Moz

Added 850,000oz in last 4 years whilst mining +200,000oz

Majority of exploration been focused on just 2% of ground

Tindals underground has delivered 5,000oz per vertical metre (100,000oz per level)

$35/oz cost of discovery

Drilling historically shallow

Still finding significant gold at surface

Focus is the largest landholder in the Coolgardie gold belt

2.8Moz produced historically from 26 mines Over 30 prospective targets currently identified and ranked in Coolgardie area

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Discovery: Treasure Island Gold Project

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World class greenfields exploration On the BoulderLefroy fault, the largest gold producing system in Australia 226km[2] of tenements

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Treasure Island exhibiting strong similarities to 15Moz St. Ives to the north

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Summary

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Strong Growth

• •FML has driven very strong growth over the last 4 years

Laverton given scale

• •Acquisition of Crescent unlocked great potential for the business and doubled production

New Team

• •New leadership and technical team delivering operational success and securing the future

Realising Potential

• •Laverton & Coolgardie operations are beginning to show their long term potential, which is a product of hard work and technical capacity

Reducing operating costs

• •Impact of operational efficiencies, Technical focus & mine planning delivering reductions in operating costs

• +10 Year LOM

• •Resource base will feed production for +10 years

Exploration Potential

• •Tremendous exploration potential at Laverton and Coolgardie

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APPENDICES

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Focus Minerals At A Glance

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ASX Code	FML
Ordinary Shares	4,321M
Market Cap	A$180m
Unlisted Options	51M
Cash and Bullion	$19.5M(30/06/12)
Range 12 month	A$0.03 – A$0.08
Average Daily Volume (3m)	14,197,200
Top 20 Holding	45.63%

Board & Senior Executive
Chairman (Non-exec)	Don Taig
Non-Exec Director	Phil Lockyer
Non-Exec Director	Bruce McComish
Non-Exec Director	Gerry Fahey
CEO	Campbell Baird
CFO	Paul Fromson
COO	Mark Hine
Head of Geology	Dean Goodwin

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APPENDICES: MINERAL RESOURCE & ORE RESERVE

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	Tonnes '000t Grade Au g/t Ounces Measured Resources	Tonnes '000t Grade Au g/t Ounces Measured Resources	Tonnes '000t Grade Au g/t Ounces Measured Resources	Tonnes '000t Grade Au g/t Ounces Measured Resources	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 Indicated Resources	Tonnes '000t Grade Au g/t Ounces Indicated Resources	Tonnes '000t Grade Au g/t Ounces Indicated 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 Inferred Resources	Tonnes '000t Grade Au g/t Ounces Inferred Resources	Tonnes '000t Grade Au g/t Ounces Inferred Resources	Tonnes '000t Grade Au g/t Ounces Inferred Resources	Tonnes '000t Grade Au g/t Ounces Total Resources	Tonnes '000t Grade Au g/t Ounces Total Resources	Tonnes '000t Grade Au g/t Ounces Total Resources	Tonnes '000t Grade Au g/t Ounces Total Resources	Tonnes '000t Grade Au g/t Ounces Total Resources
COOLGARDIEGOLD PROJECT
Tindals Project Total	739		4.7		112,000	9,143	2.6		766,000		3,354		2.8	298,000		13,236		2.8		1,176,000
Mount Project											2,090		5.5	370,000		2,090		5.5		370,000
Lindsays Project						4,350	1.7		238,000		3,562		2.0	233,000		7,912		1.8		471,000
Three Mile Hill Project						1,386	1.9		86,000		138		3.0	13,000		1,524		2.0		99,000
Norris Project											1,870		2.1	124,000		1,870		2.1		124,000
Total Coolgardie	739		4.7 112,000			14,879 2.3 1,090,000					11,014 2.9 1,038,000					26,632 2.6 2,240,000
LAVERTON GOLD PROJECT
Laverton-UG						2,037	6.5		426,000		619		7.1	141,000		2,656		6.6		567,000
Laverton - Surface	1,619		2.2		113,000	12,093	2.0		759,000		10,171		1.8	589,000		23,883		1.9		1,461,000
Total Laverton	1,619		2.2 113,000			14,130 2.6 1,185,000					10,790 2.1 730,000					26,539 2.4 2,028,000
TOTAL COMBINED RESOURCES	2,358		3.0 225,000			29,009 2.4 2,275,000					21,804 2.5 1,768,000					53,171 2.5 4,268,000
Coolgardie Mineral Resource (as at 30 September 2011)
Laverton Mineral Resource (as at 30 June 2011)
		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
Tindals Project-Underground:		230		4.0		29,300		773		3.4		85,700			1,003		3.6		115,000
Tindals Project-Open Pits:								620		2.0		39,600			620		2.0		39,600
Three Mile Hill Project-Open Pits:								1,101		1.7		59,900			1,101		1.7		59,900
The Mount Project-Underground:								21		5.0		3,300			21		5.0		3,300
Stocks: Total															456		1.7		24,600
Reserves and Stocks Total:		230		4.0 29,300				2,515 2.3 188,500							3,201 2.4 242,400
Laverton
Laverton Gold Project-Open Pits		928		2.0		58,000		2,184		1.9		136,000			3,112		1.9		194,000
Summit Underground								860		5.3		146,000			860		5.3		146,000
Stocks: Total															1,801		0.7		41,000
Reserves Total		928		2.0 58,000				3,044 2.9 282,000							5,773 2.1 381,000
TOTAL COMBINED RESERVES 1,158				2.3 87,300				5,559 2.6 470,500							8,974 2.2 623,400
Coolgardie Mineral Reserve (as at 30 September 2011)
Laverton Mineral Reserve (as at 30 June 2011)

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