{"id":803,"date":"2012-09-13T12:33:00","date_gmt":"2012-09-13T01:33:00","guid":{"rendered":"http:\/\/www.australian-gold.com\/blog\/focus-minerals-10-minute-presentation-video\/"},"modified":"2012-09-13T12:33:00","modified_gmt":"2012-09-13T01:33:00","slug":"focus-minerals-10-minute-presentation-video","status":"publish","type":"post","link":"https:\/\/www.australian-gold.com\/blog\/focus-minerals-10-minute-presentation-video\/","title":{"rendered":"Focus Minerals 10 minute presentation video"},"content":{"rendered":"

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Focus Minerals 10 minute presentation video<\/a><\/p>\n

Boardroom Radio Interview with Focus Chairman Don Taig<\/strong>
\nClick here to listen to the Boardroom Radio interview with Don Taig<\/a>, Chairman of Focus Minerals in regards to the plans to raise $227.5M through a Placement to Shandong Gold<\/p>\n

FULL-YEAR GROSS PROFIT DOUBLES AFTER LAVERTON OPERATIONS TURN TO PROFIT; GOLD PRODUCTION RISES<\/strong><\/p>\n

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Circa $225M Placement to Shandong Gold
\nSubsequent to the end of FY2012, Focus Minerals announced, that it has entered in to a Share Subscription Deed with Shandong Gold International Mining Corporation Limited (\u201cShandong Gold\u201d), under which Shandong Gold has agreed to subscribe for new fully paid ordinary Focus shares to raise circa $225 million (see ASX release dated September 20, 2012). The Board is recommending the Placement in the absence of a superior proposal and subject to an independent expert opining that the terms of the Placement are reasonable<\/p>\n

The investment by Shandong Gold will enable Focus to pursue organic and non-organic growth opportunities, and represents the start of a long-term, mutually beneficial relationship which will allow Focus to unlock the potential of its large tenement holdings. Only 4% of Focus\u2019 significant land holdings have so far been explored.<\/p>\n

Focus\u2019 large landholding in the two major gold precincts of Coolgardie and Laverton provide the potential for the Company to significantly grow its resource base through targeted exploration. \u201cTo capitalise on this opportunity for shareholders we clearly need capital to expand reserves and develop more resources hence the strategic placement opportunity we are putting before shareholders,\u201d said Mr Baird.<\/p>\n

Primary areas of exploration focus for the group will be Laverton and Burtville, the Greater Coolgardie area and the Treasure Island Gold Project on the Boulder-Lefroy Fault. Mr Baird said the group\u2019s focus in FY2013 will be to deliver consistent and reducing cash costs with attention to operational improvements and efficiencies and stable production from existing mining centres. More specifically, the Company will develop the low strip ratio Burtville mining centre at Laverton to create a third major project area and transition the Coolgardie base load from the Tindals Underground mine to the Greenfields open cut.<\/p>\n

To read more please click here <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Focus Minerals 10 minute presentation video Boardroom Radio Interview with Focus Chairman Don Taig Click here to listen to the Boardroom Radio interview with Don Taig, Chairman of Focus Minerals in regards to the plans to raise $227.5M through a Placement to Shandong Gold FULL-YEAR GROSS PROFIT DOUBLES AFTER LAVERTON OPERATIONS TURN TO PROFIT; GOLD […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-803","post","type-post","status-publish","format-standard","hentry","category-gold-blog"],"_links":{"self":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/comments?post=803"}],"version-history":[{"count":0,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/803\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/media?parent=803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/categories?post=803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/tags?post=803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}