Laverton

The Laverton Gold Project is situated on the Laverton Greenstone Belt in the Yilgarn Craton of Western Australia. The Laverton district is one of the best endowed gold regions in Australia with over 28Moz of gold produced in recent history. Focus Minerals’ Laverton tenements are adjacent to two world class producing mines: Sunrise Dam and Granny Smith. Elemental Altus’ royalty covers multiple Archaean greenstone-hosted lode gold deposits that are significant to the wider project, including Beasley Creek, Beasley Creek South, the Chatterbox Trend, the Gladiator Trend, Lancefield, Telegraph and Wedge – Lancefield North .

Focus’ strategy is to identify sufficient open pit Mineral Resources across the Laverton tenement package to update the Stage 1 Open Pit PFS announced in March 2021. The PFS outlines plans for the Beasley Creek, Beasley Creek South and Wedge – Lancefield North open pits, as well as the significant, non-royalty Burtville and Karridale deposits further south, to feed the on-site 1.45Mtpa Barnicoat Mill. The mill was refurbished in 2008 and is currently in care and maintenance.

Focus released an updated Mineral Resource Estimate in March 2024, incorporating what were previously non-JORC 2012 compliant resources into their inventory. This update contributed an additional 279koz of Measured and Indicated Resource and 195koz of Inferred Resource to Elemental’s Royalty Area. Focus have further plans to expand the current Resource base and work continues aiming to confirm sufficient gold is present to support production restart.

*Elemental Altus’ royalty can be increased by an additional 0.5% GRR if the grade of saleable gold produced in any financial year exceeds 5g/t Au.

Sources

• Focus Minerals ASX Release titled “Laverton Gold Project Mineral Resource Updates”, dated March 8, 2024
• Focus Minerals ASX Release titled “Laverton St 1 Open Pit PFS Progressive Results” dated March 11, 2021
• For more information on Mercedes, please visit http://www.focusminerals.com.au/