FOCUS MINERALS LTD — Investor Presentation 2012

Aug 6, 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 Diggers & Dealers, Kalgoorlie – 7[th] August 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 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 ]

Reserves of 8.9Mt @ 2.2g/t for 0.62Moz and Resources of 53Mt @ 2.5g/t for 4.3Moz

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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 $1.23 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:

• Grown resources to 22.3Mt @ 2.1g/t for 1.5Moz. Continued

• Tindals Surface 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 resource in just a few months of drilling on takeover. Able to transition area into production

Burtville

• Announcing today 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 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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Focus of Next 12 Months Will Be:

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Delivering consistent cash costs with a strong focus on operational improvements and efficiencies

Delivering continued stable production from existing mining centres

Development of Burtville mining centre in Laverton to create 3rd major project area Transition of Coolgardie base load from Tindals Underground to Greenfields open cut Low Risk Deposit; Ore Reserve of 1.0Mt @ 1.7g/t

Steady Exploration to build pipeline of developing projects

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Burtville
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Greenfields Pit
Three Mile Hill Plant
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Potential To Significantly Grow Resource Base On Targeted Exploration

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Our focus is the development of the great optionality that our large landholding and 4.3Moz Resource base provides

Laverton & Chatterbox Shear

Greater Coolgardie

Treasure Island Gold Project

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• We acquired 105km of mineralised shear systems

Less than 50km has been drilled

Drilling has all been shallow

• Region hosts 3 multimillion ounce deposits: Sunrise Dam, Wallaby and Granny Smith

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• Region has produced >2.8Moz over last 120 years

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

• Focus has demonstrated ability to unlock ground value

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• World class, gold project on Boulder-Lefroy Fault

Biggest gold system in Australia

• Visible gold in core with intercepts up to 50g/t over a 1km strike

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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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APPENDICES: FML & CRE COMBINED RESOURCES & RESERVES

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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 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 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 Proven Reserves	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 Probable Reserves	Tonnes '000t Grade Au g/t Ounces Probable Reserves	Tonnes '000t Grade Au g/t Ounces Total Reserves	Tonnes '000t Grade Au g/t Ounces Total 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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