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Gold producer Focus Minerals Limited is pleased to provide an update on activities at its Coolgardie Gold Project, including the recently completed milling campaign that has delivered record gold production of approximately 21,900 ounces subject to finalisation of calculations of gold in circuit remaining in the treatment facility.

Focus completed its current milling campaign on 1 November – its ninth since production began in April 2008 – for a total of 49 effective milling days.

The record production comes as the Company makes final preparations to move all gold processing to its 100%-owned, 1.2Mtpa Three Mile Hill gold processing facility, which is currently in the final stages of refurbishment ahead of recommissioning in December.

It also follows Focus’ recent announcement of new high-grade gold intersections from drilling programs being undertaken at the Tindals Mining Centre – reinforcing the Company’s belief that areas surrounding the known deposits have the potential to house additional high-grade mineralisation.

After already paying A$18.5 million for the mill refurbishment, the Company has available cash and bullion totalling A$19.8 million. The strong cash position allows Focus to aggressively ramp up drilling programmes in the area, paving the way for increases in the current Resource and Reserve estimates.

Exploration Drilling

As previously announced, a strategic 5,000m exploration campaign has been underway since June this year and is targeting extensions of Perseverance, Countess, Empress and Tindals, which the Company considers underexplored.

In the latest round of assay results, which were released last month, Focus announced significant high-grade gold intersections which included down-hole intercepts of 0.95m at 170.94g/t, 3.14m at 12.1g/t, 0.95m at 21.33g/t and 5.76m at 3.61g/t. These results have indicated that further extensions in the Perseverance orebody are likely and importantly, were outside of the current resource base and over 100 metres below the current Perseverance workings. There were also sections of visible gold encountered.

The drilling programme has so far been very successful and planning is now underway to follow up some of these excellent intersections to target further extensions of the mineralised structures.

In addition, a second rig was mobilised on 3 November and will immediately test exploration targets from surface within close proximately to existing mining operations.

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