Focus Minerals Ltd: Record Production and Strategic Developments

Focus Minerals Limited, a gold mining and production company based in the Coolgardie gold belt in Western Australia, has reported significant achievements in its latest quarterly activities. The company’s operations have seen a notable increase in production, particularly at the Three Mile Hill (TMH) processing plant, which achieved a record production of 370,262 tonnes of ore during the quarter ending March 2025. This figure includes an all-time monthly record of 129,309 tonnes processed in March alone, comprising both the company’s own ore and toll treatment ore.

Key Highlights from the Quarterly Activities Report

  • Coolgardie Gold Operations: The TMH plant’s record production is a significant milestone for Focus Minerals. The company mined a total of 165,838 tonnes of ore from the Greenfields Open Pit and Bonnie Vale Underground Mine. Notably, Bonnie Vale’s first ore milestone was achieved in March with 1,926 tonnes from development heading.

  • Gold Production and Sales: The company’s own ore achieved an average grade of 1.19 g/t with a metallurgical recovery of 93.9%. A total of 5,376.6 ounces of gold were sold during the quarter.

  • Jeffreys Find Gold Mine: Stage Two mining at Jeffreys Find is complete, with more than 17,900 ounces of gold produced so far. Combined with Stage 1 production, the mine has produced 27,642 ounces. Processing of the remaining approximately 60,000 tonnes of ore is set to commence in early July 2025 at the TMH plant. Auric, a partner in the project, has received $8.1 million from share of gold sales, with Stage 2 on target to deliver a $11-12 million cash surplus. The gold was sold in a rising price environment, with the latest sales at $4,625 per ounce.

  • Munda Gold Project: The Munda Starter project is progressing, although specific details were not provided in the report.

Financial Overview

As of April 28, 2025, Focus Minerals Ltd’s share price closed at 0.24 AUD, with a market capitalization of 65,910,000 AUD. The company’s price-to-earnings ratio stands at 21.76. The stock has experienced fluctuations over the past year, with a 52-week high of 0.255 on January 7, 2025, and a low of 0.105 on August 1, 2024.

Upcoming Events

Focus Minerals Limited will hold its Annual General Meeting on Friday, May 30, 2025, at RSM Australia Partners, Level 32 Exchange Tower, Perth. The meeting will commence at 9:00 am WST. In line with the Corporations Amendment (Meeting and Documents) Act 2022, the notice of the meeting is available electronically, with physical copies dispatched only upon request.

These developments highlight Focus Minerals’ strategic advancements and operational successes, positioning the company for continued growth in the metals and mining sector.