Focus Minerals Limited (ASX:FML)

ALERT: Price-sensitive ASX Announcement for FML

Current share price for FML : $1.945 0.135 (7.46%)⁺

Announcement

Quarterly Activities and Cashflow Report

Release

31 Jul 2026 2:38PM

Price at Release

$1.810

Full Release

Summary

Focus Minerals Limited reported stable operations at its Three Mile Hill processing plant with 350,507 tonnes of ore processed during the June 2026 quarter. The company continued open pit mining at Alicia, Dreadnought, and CNX, producing 5,160 ounces of gold, and the Bonnie Vale Underground Mine contributed 14,011 ounces. Sales included 12,805.71 ounces of gold at an average price of A$6,377.92 per ounce. The company holds 6,577.409 oz of gold in its Perth Mint account. Exploration and resource development activities were advanced at Bonnie Vale and other sites. Net cash from operating activities stood at $7.802 million, with cash equivalents at $122.15 million, while expenditures on production and development amounted to $56.8 million and $10.4 million, respectively. No financing activities occurred during the quarter, maintaining total funding at $122.151 million.

Key Points

Milling at Three Mile Hill processing plant stable at 350,507 tonnes processed with 1.80 g/t head grade
Open pit mining at Alicia, Dreadnought, and CNX delivered 199,923 tonnes at 0.80 g/t for 5,160 ounces of gold
Bonnie Vale Underground Mine produced 101,641 tonnes of ore at 4.29 g/t, for 14,011 ounces of gold
12,805.71 ounces of gold sold at an average price of A$6,377.92 per ounce
Company holds 6,577.409 oz of gold in Perth Mint metal account
Focus on resource development drilling across several locations including Bonnie Vale and Greenlight
Total ore mined from pits was 199,923 tonnes, with a total material movement of approximately 0.78 million BCM
Net cash from operating activities was $7.802 million for the quarter, with cash equivalents at $122.15 million
No net cash from financing activities, with zero borrowings or equity securities issued
Company expenditures include $56.8 million on production, $10.4 million on development, and $1.16 million on exploration
Total available funding at quarter end was $122.151 million

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.