Focus Minerals said today the March Quarter results show the takeover of Crescent Gold last year has transformed the business, more than doubling Group gold production and delivering on an improvement in operational efficiencies. Focus acquired Crescent's Laverton operations, located in the eastern goldfields region of Western Australia, on 6 [...]
Focus Minerals, a leading Australian gold producer and explorer, is pleased to announce the appointment of Paul Fromson as the Company's new Chief Financial Officer and Company Secretary following the resignation of current CFO Jon Grygorcewicz. Mr Fromson has more than 30 years industry experience, including 18 years with ASX listed resource [...]
Focus Minerals, a leading Australian gold producer and explorer, has produced 47,489oz1 of gold for the March Quarter -- a 28% increase on the December Quarter. Chief Executive Officer Campbell Baird said the growth was due to an improved performance from its recently acquired Laverton operations and ongoing, consistent output from its Coolgardie [...]
Focus Minerals, a leading Australian gold producer and explorer, is pleased to update the market with preliminary results from its recent infill drilling program at its 100% owned Treasure Island Gold Project on Lake Cowan. Assay results for 105 infill holes have been received to date, with approximately 50% of the holes returning anomalous gold [...]
Focus Minerals, a leading Australian gold producer and explorer, is pleased to report a strong result for the half year ended 31 December 2011. Highlights: Total 1H gold production more than doubles to 80,921oz (1*), up from 36,339oz in the previous corresponding period. Consolidated Revenue for 1H 2012 of $104.5M, 113% up from $48.8m for 1H 2011 [...]
Perth, Australia (ABN Newswire) - Focus Minerals Limited (ASX:FML) a leading Australian gold producer and explorer, said today that reconnaissance drilling at its Treasure Island Gold Project at Lake Cowan has confirmed that the recently discovered gold bearing system running through the project (see ASX Release dated 24 November 2011) appears to [...]
Focus Minerals says today that Australian gold producer, Crescent Gold has hit its market guidance for the September Quarter, producing 21,915 ounces of gold from its operations at the Laverton Gold Project. With production commencing at its Mary Mac Hill deposit, and accelerating its newly developed Fish operation, Crescent processed 504,288 [...]
Crescent Gold is pleased to advise that Don Taig, Chairman of Focus Minerals, has joined the Crescent Board, effective immediately. Focus Minerals successfully completed its off-market takeover of Crescent Gold earlier this month. The offer was strongly supported with 82.5% shareholder acceptance.
Focus Minerals, will emerge as one of Australia's top gold producers with projected annual production of +200,000 ounces in 2012 following the successful completion of its off-market takeover Offer for Crescent Gold. At the close of the Offer at 7pm EST last night, Focus had a relevant interest in Crescent of 81.57%.
Focus Minerals is pleased to announce that it has increased its relevant interest in Crescent Gold to 77.8%. Focus, at its election, can further increase to 83.2% through the conversion of debt owed by Crescent to Focus (assuming full draw down of up to $13m loans, a $0.05 conversion price and exercise of all attaching $0.05 options).
