ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2009
HIGHLIGHTS
� Gold production during the Quarter of
9,858 ounces - 26 effective milling days completed during the Quarter of a 49
day campaign.
� Revenue for the Quarter of A$8.1
million ~ from the sale of 8,178 ounces.
� Direct cash cost of A$551/oz for the
September Quarter
� Hedge book fully retired on the 7th
of October 2009
� Senior and Unsecured Debt of $4.25
million repaid during quarter
� The Three Mile Hill plant
refurbishment continues on schedule and is approximately 89% complete ~
remains on target for commissioning in December 2009
� Diamond drilling and resource
modelling at Tindal�s Mining Centre increases total Resource (Indicated and
Inferred) to 1.5 Mt @ 5.1 g/t for 247,000 ounces
� Diamond drilling continues to confirm
extensions to Tindal�s Mining Centre Resources with high-grade results
including:
o 5.41m @ 33.03 g/t Au (Perseverance)
o 5.04m @ 14.76 g/t Au (Perseverance)
o 2.52m @ 67.16 g/t Au (Empress)
o 4.17m @ 6.41 g/t Au (Empress)
o 4.98m @ 8.77 g/t Au (Countess)
o 5.5 m @ 7.07 g/t Au (Countess)
For more
information click
here
Links
www.focusminerals.com.au
|