FOCUS MINERALS LTD — Investor Presentation 2012

May 20, 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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Resources & Energy Symposium, Broken Hill 21[st] May, 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 across the Coolgardie region is based on information compiled by Mr Dean Goodwin who is a member of the Australian Institute of Geoscientists. Mr Goodwin 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 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 across the Coolgardie region 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.

The information in this report that relates to gold Exploration Results and Mineral Resources across the Laverton region is based on information compiled by Mr Jeff Ion, who is a Member of the Australian Institute of Geoscientists and a Member of the Australasian Institute of Mining and Metallurgy and is employed by Crescent Gold Limited. The information in this report that relates to Ore Reserves utilising open pit extraction across the Laverton region is based on information compiled by Mr Steve O'Grady, who is a Member of the Australasian Institute of Mining and Metallurgy and is an independent consultant. They each have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are 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”. They each consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.

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2

Focus Minerals, A Dynamic Australian Gold Producer

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Significantly transformed gold producer:

 Operating 4 mines across Australia’s 2 largest gold producing regions

• On track to back-to-back +45,000oz quarters

• On track to deliver 175,000oz* of Gold in FY 2012

• Now ranked as one of largest domestic gold producers

• Based on 100% of Laverton production from date of Control – September 2011

3

Delivering Significant Mining Growth & Company Transformation

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Production Growth

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Produced 47,489oz in March Production Growth
Quarter (28% increase on Dec 2011 250,000
Quarter)
200,000oz
200,000
175,000oz
Delivering operational turnaround
success at Laverton
150,000
Laverton Produced 25,636oz in
100,000
Quarter
62,296oz [72,830oz ]
Reduced cash costs by 24% since 50,000 41,401oz
takeover, down to $1,216/oz
4,456oz
-
On track for back-to-back +45,000oz FY 08 FY 09 FY 10 FY 11 FY 12 FY 13
Quarters; and 175,000oz for FY 2012 Tindals U/G Tindals O/P The Mount Laverton
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• Based on 100% of Laverton production

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4

Positions Focus as one of the Largest Domestic Gold Producers

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March 2012 Quarter Production

532,237oz 140000 120000 100000 80000 47,489oz* 60000 40000 20000 0

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• Based on 100% of Laverton production

5

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, Exploration Manager

• +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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6

Focus Group’s Strategic Assets

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Gold Production from Australia’s 2 largest gold producing regions:

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Wallaby / Granny Smith
Sunrise Dam
250km
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Laverton Gold Project

• Large Scale open pit mining

• 1,200 sq km exploration

Coolgardie Region

• 3 x Operating Mines

• 2 x major exploration projects

• 450 sq km

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Laverton Region

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Large Scale multiple open pit operations producing at 100,000oz pa

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Fish Mary Mac Hill ROM Pad
Apollo C1 Pit
Apollo
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8

Laverton Acquisition Has Been a Game Changer

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Transformative

• Addition of Laverton Operations has accelerated FML’s growth plans

Value Accretive

• $59m in scrip for 100,000oz pa of production

Operational Control

• Focus has 81.57% majority interest

• Running operations & driving exploration

• Progressively turning around operations

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Doubled
Resource
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Bonus
1.5Mtpa
mill
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Tripled
Reserves
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Laverton Gold Project Acquisition

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Significant
Exploration
Potential
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Doubled
YOY Target
Production
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Geographic
Diversity
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9

Laverton -> Turnaround in Progress

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Invested $10m to recapitalise - Built 3 new production centres Delivering production growth and operational success Cash costs reduced 24% since takeover – achieve $1,216/oz for March Quarter

Mined Tonnes & Ounces

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40,000 800,000
35,000 Takeover point 700,000
Mined oz target
30,000 600,000
25,000 500,000
20,000 400,000
15,000 300,000
10,000 200,000
5,000 100,000
- -
2010 Q3 2010 Q4 2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1
OreTonnes OreOunces
Tonnes
Ounces
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Coolgardie Region

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3 operating mines + 1.2Mtpa mill

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Tindals Underground Tindals Open Pits The Mount Underground
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Three Mile Hill Processing Plant
1.2 Mtpa Three Mile Hill Plant
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Coolgardie a Solid Producer – March Quarter Results

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Coolgardie operations delivering stable production

Mining & Production Growth

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March Quarter delivered: 300,000t @ 2.41g/t

21,853 ounces produced at cash cost of $1,274/oz

Producing from established surface Mineral Resource of 19.5Mt @ 2.1g/t for 1.3Moz.

Underground Mineral Resource of 5.2Mt @ 4.8g/t for 814,000oz

Accelerating open pit plans with Greenfields pit (1.0Mt @ 1.7g/t) due to commence in September Quarter

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300,000 25,000
250,000
20,000
200,000
15,000
150,000
10,000
100,000
5,000
50,000
0 0
Mar-11 Jun-11 Sep-11 Dec-11 Mar-12
Ore Mined (tonnes) Gold Produced (oz)
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Exploration Portfolio

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Aircore Drilling at Treasure Island

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Regional Exploration: Treasure Island

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

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Laverton -> Massive Exploration Upside

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Added 100,000oz at Apollo from a few months drilling – Large gaps in known resources

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381,000oz in reserve; 2.0Moz in resource - taken from 1.5 year mine life to 3 years since takeover Multiple mineralised shear zones including 30km strike on Chatterbox shear

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Coolgardie - > Sustainable for 5-10 Years

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Significant Opportunity for Resource Growth:
Added 600,000oz of resource (2.24Moz)
Added 200,000oz of reserves (242,000oz)
Whilst mining over 200,000oz of gold
Only focused in 10 sq km project area
Resource & Reserve Growth
2,500 300,000
250,000
2,000
200,000
1,500
150,000
1,000
100,000
500
50,000
- -
Jan-08 Jan-09 Jan-10 Jan-11
Resources ('000s oz) Reserves
Ounces
‘000s Ounces
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Strong Production & Exploration Pipeline

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The combined group has a strong portfolio of expanding mine operations and a significant exploration pipeline of both greenfields and brownfields opportunities

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3 x Major Regional
 2 x Mining Regions  4 x Mines 
Exploration Projects
Laverton
The Mount
Treasure Laverton Nepean
Island Tindals U/G
Coolgardie
Tindals
Lancefield
O/P
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Exploration
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Projects /
Assets
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Developing Mines
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Established Mines
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Coolgardie Laverton

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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
COOLGARDIE GOLD PROJECT
TindalsProjectTotal	739	4.7	112,000	9,143	2.6	766,000	3,354	2.8	298,000	13,236	2.8	1,176,000
MountProject							2,090	5.5	370,000	2,090	5.5	370,000
LindsaysProject				4,350	1.7	238,000	3,562	2.0	233,000	7,912	1.8	471,000
ThreeMileHill 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
TindalsProject-Underground:	230	4.0	29,300	773	3.4	85,700	1,003	3.6	115,000
TindalsProject-Open Pits:				620	2.0	39,600	620	2.0	39,600
ThreeMileHill Project-Open Pits:				1,101	1.7	59,900	1,101	1.7	59,900
TheMountProject-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
LavertonGoldProject-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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