FOCUS MINERALS LTD — Investor Presentation 2012

Feb 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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ASX Spotlight Conference, New York Thursday 1[st] March 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 Bradley Valiukas, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Valiukas 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 Valiukas 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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Focus Minerals, A Dynamic Australian Gold Producer

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4 mines across Australia’s 2 largest gold producing regions

• On track to 175,000oz of Gold in FY 2012 * * 4.3Moz Resource | 623,000oz Reserve. * Projected revenue of $250M in FY 2012

* Based on 100% of Laverton production. Revenue based on inclusion of Laverton from date of Control – September 2011

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Reputation for Mining Success

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Focus has a reputation for taking projects into production

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  Turning Around Laverton Gold
First Company to Successfully Commercialise Coolgardie
Project
Recommissioned & Grew Recommissioned 1.2Mtpa Built 2 new mines at Acquired Crescent Gold in 2011.
Historic Tindals Mine Three Mile Hill Plant Coolgardie in 2011 Achieved record mining quarter in December
Applying expertise to turnaround process
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Delivering Strong Production Growth

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On track to deliver 175,000oz of gold in FY 2012

Production Growth

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250,000
200,000oz
200,000
175,000oz
150,000
100,000
72,830oz
62,296oz
41,401oz
50,000
4,456oz
-
FY 08 FY 09 FY 10 FY 11 FY 12 FY 13
Tindals U/G Tindals O/P The Mount Laverton
Ounces
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• Based on 100% of Laverton production

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Now a Leading Australian Gold Producer

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5th largest primary ASX listed Australian focused gold producer On track to deliver 46,000oz* in March Quarter

Dec. 11 Quarter Production

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579,873
140000
120000
100000
80000
60000
40000
20000
0
ounces
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• Based on 100% of Laverton production

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Strong Operating Platform

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Early Stage Development
at Empress open pit
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Strategic Operating Base

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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
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Crescent Acquisition Has Been a Game Changer

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Transformative

• Acquisition of Laverton Operations has completely transformed the metrics of FML

Value Accretive

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

Operational Control

• Focus owns 81.57% of Crescent

• 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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Laverton -> Turnaround in Progress

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Invested $10m to recapitalise Built 3 new production centres Mined record ounces – 36,000oz Dec Quarter On path to consistent production at 25,000oz per Quarter

Mined Tonnes & Ounces

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45,000 1,000,000
40,000 900,000
Takeover point
800,000
35,000
Mined oz target 700,000
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 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1 2011 Q2 2011 Q3 2011 Q4
Tonnes
Ounces
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OreTonnes OreOunces

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Laverton -> Driving to Production Stability & Profitability

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Production stability will drive consistency Reduced cash costs $130/oz. in last 2 quarters Targeting $1,250/oz. near term

Strong cash flow generation with gold at AUD$1,660/oz. Delivers solid margin.

Ounces Mined Vs Cash Costs

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45,000 1,800
40,000 1,600
35,000 1,400
30,000 1,200
25,000 1,000
20,000 800
15,000 600
10,000 400
5,000 200
- -
2011 Q3 2011 Q4 2012 Q1 2012 Q2 2012 Q3
OreOunces Cash Cost Trend
Ounces
AU Dollars
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Laverton -> Opportunity to Add Resources Quickly

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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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1KM
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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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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 -> Delivering Solid Production Profile

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Stable production between 22-25,000oz

Coolgardie Production

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300,000 30,000
250,000 25,000
Addition of two new mines
200,000 20,000
150,000 15,000
100,000 10,000
50,000 5,000
- -
Dec 09 Q Mar 10 Q Jun 10 Q Sep 10 Q Dec 10 Q Mar 11 Q Jun 11 Q Sep 11 Q Dec 11 Q
Total mined tonnes Ounces Mined
Tonnes
Ounces
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Coolgardie - > Stable Cash Operating Costs

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Stable cash operating costs between AUD$900/oz. -$1,100/oz. Strong cash flow generation with gold at AUD$1,650/oz.

Increasing Cash Margin

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1,800 25,000
1,600
20,000
1,400
1,200
15,000
1,000
800
10,000
600
400
5,000
200
- -
Jun 10 Q Sep 10 Q Dec 10 Q Mar 11 Q Jun 11 Q Sep 11 Q Dec 11 Q
Production Cash Costs Gold Price Linear (Cash Costs)
AU Dollars Ounces
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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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Regional Exploration: Treasure Island

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World class, project on Boulder-Lefroy fault – Australia’s biggest gold system

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Regional Exploration: Treasure Island

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Similarities to 15Moz St. Ives to the north

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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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Coolgardie Laverton
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Projects /
Assets
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Developing Mines
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Established Mines
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Strategic Focus

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1. Capitalise on a Strong Production Platform

2. Cash flow generation

3. Add Value Through Exploration

4. Acquisition

5. Create value for Shareholders

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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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Focus Minerals At A Glance

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ASX Code	FML
Ordinary Shares	4,321M
Market Cap	A$220m
Unlisted Options	75M
Cash and Bullion	$14.3M(31/12/11)
Debt	$2.0M
Range 12 month	A$0.05 – A$0.10
Average Daily Volume (3m)	14M shares
Top 20 Holding	46.47%

Board & Senior Executive
Chairman	Don Taig
Non-Exec Director	Phil Lockyer
Non-Exec Director	Bruce McComish
Non-Exec Director	Gerry Fahey
CEO	Campbell Baird
CFO	Jon Grygorcewicz
COO	Mark Hine
Geology Manager	Dean Goodwin

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