Solid Foundations for Ongoing GrowthFebruary 2010

ASX: FML

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DisclaimerThis presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securitiesrecommendation.

The information in this presentation is an overview and does not contain all information necessary forp yinvestment decisions. In making investment decisions in connection with any acquisition of securities,investors should rely on their own examination of Focus Minerals Ltd (Focus Minerals or theCompany) and consult their own legal, business and/or financial advisers.

The information contained in this presentation has been prepared in good faith by Focus Minerals Ltd,however no representation or warranty expressed or implied is made as to the accuracy, correctness,completeness or adequacy of any statements, estimates, opinions or other information contained inthis presentationthis presentation.

To the maximum extent permitted by law, Focus Minerals Ltd, its directors, officers, employees andagents disclaim liability for any loss or damage which may be suffered by any person through the useo eliance on an thing contained in o omitted f om this p esentationor reliance on anything contained in or omitted from this presentation.

Certain information in this presentation refers to the intentions of Focus Minerals Ltd , but these arenot intended to be forecasts, forward looking statements or statements about future matters for thepurposes of the Corporations Act or any other applicable law. The occurrence of events in the futureare subject to risks, uncertainties and other factors that may cause Focus Minerals Ltd’s actual results,performance or achievements to differ from those referred to in this presentation. Accordingly, FocusMinerals Ltd, its directors, officers, employees and agents do not give any assurance or guarantee that

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the occurrence of the events referred to in the presentation will actually occur as contemplated.

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Focus Minerals

Profitable Gold producer in Coolgardie Goldfields, WA

Produced 84k ounces of Gold in 22 months

Resources of 1.9Moz Au

Measured & Indicated 11.9mt @ 2.2 for 843,000 ozs

Inferred Resource 11.2mt @ 2.9 for 1,052,000 ozs

Grand Total 23mt @ 2.6 for 1.9m ozs Grand Total 23mt @ 2.6 for 1.9m ozs

Reserves of 157k oz Au

Aggressive exploration program underwayAggressive exploration program underway

80,000oz of gold to be produced in 2010

No DebtNo Debt

No Hedging

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Focus Minerals Directors and Management

DonTaig

Executive Chairman

ChristopherHendricksNon-Executive

CampbellBaird

Chief Executive

PhilLockyer

Non-Executive Chairman Director Officer Director

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Focus Minerals – A COMPANY ON THE MOVE

“Focus is not the same company it was

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p y12 months ago”

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In the last 12 months……

Increased our Market Cap from ~$30m (Jan 09) to ~$170m today

Delivered maiden full year Net Profit of $A3.14m (FY2008/9)

Refurbished on time and on budget the 1.2MtpaThree Mile Hill gold Plant

Grown from 38 to 65 direct employees

Added 200k oz to the overall Resource inventory to 1.9m oz dded 00 o to t e o e a esou ce e to y to 9 o

Defined an additional 100k oz in Reserves

Repaid over $16 25 million during 2009 to be Debt freeRepaid over $16.25 million during 2009 to be Debt-free

Delivered into over 34,000 ounces of hedging to be hedge free and fully exposed to a continuing strong gold pricefully exposed to a continuing strong gold price

Re-commenced aggressive exploration program ~ 4 drill rigs currently operational with excellent results to date

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operational with excellent results to date

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In the last 12 months……

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In Focus – December Quarter

Three Mile Hill Refurbishment Complete• Concluded a four year journey from gold explorer to self sustaining producer with on-site milling facilities

Solid Production and Revenue• Quarterly revenue of $A14.95 million (13,024ozs sold at average price of A$1,147/oz)

Q t l h t f $602/• Quarterly cash costs of $602/ozCorporate• Final repayment of A$4.25 million debt• Completion of A$8.25 million capital raising

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Completion of A$8.25 million capital raising

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In Focus – December Quarter

Significant 68% increase in Gold Reservesg• Reserve Increase to 2 million tonnes at 2.4g/t for 157,000oz (previously 767,000t at 3.8g/t for 93,000oz)The Mount• Exploration decline at the Mount commenced – Now Complete• 2,300 tonnes at 9.00g/t trucked to Three Mile HillSignificant Intersections for Quarter

• Perseverance: 0.95m @ 170.94g/t Perseverance: 3.14m @ 12.10g/t Perseverance: 4.62m @ 10.32g/t

Empress: 3 32m @ 7 16g/t Big Blow: 3m @ 8 74g/t

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• Empress: 3.32m @ 7.16g/t Big Blow: 3m @ 8.74g/t

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Three Mile Hill Refurbishment

C i i i C l t d D b 2009Commissioning Completed December 2009Increase throughput from 0.4Mtpa to 1.2MtpaFixed cost for Refurbishment of $17M dollars$On Time and on BudgetUse of Three Mile Hill will lower operating costs ~ $15/tonne ($70/oz)Draw in other resources around Coolgardie

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Draw in other resources around Coolgardie

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Latest DevelopmentsMilling Campaign at Greenfields complete ~ 9,000 oz production + ~ 5,500 oz from Three Mile Hill

Forecast Half Year Net Profit to be similar to FY08/09 full year profitForecast Half Year Net Profit to be similar to FY08/09 full year profit

Underground diamond drilling at Empress;

13 52 @ 9 31 /t A *13.52m @ 9.31g/t Au*

Maiden Focus Minerals Indicated and Inferred Resource completed for the Tindals Project:Tindals Project:

182,00t @ 3.7g/t Au for 21,600* ounces

Recent drilling results from the greater Tindals Mining Centre:Recent drilling results from the greater Tindals Mining Centre:

2.28m @ 5.77g/t and 1.88m @ 10.94g/t at Cookes*;

16m @ 3 59g/t at Dreadnought*; and16m @ 3.59g/t at Dreadnought*; and

7m @ 5.55g/t, 2m @ 17.29g/t and 2m @ 15.81g/t at Empress/Alicia*.

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Empress/Alicia .

* Refer to accompanying release for full tables

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Flagship Project - Tindals Mining Centre

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Flagship Project - Tindals Mining Centre

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Flagship Project - Tindals Mining Centre

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Flagship Project - Tindals Mining Centre

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Flagship Project - Tindals Mining CentreUnderground Resource

Deposit Tonnes Au g/t OuncesMeasured Countess 80,000 4.5 11,500

Total Measured Resource 80,000 4.5 11,500Perseverance 348,900 6.3 70,700

IndicatedCountess 320,000 4.5 45,800Empress 175,000 4.4 24,800Tindalls 99,000 4.0 12,900

Total Indicated Resource 942,900 5.1 154,200Pe se e ance 54 000 5 7 9 900

Inferred

Perseverance 54,000 5.7 9,900Cyanide 367,000 5.5 65,400Countess 127,000 3.4 13,800Empress 15,000 3.4 1,600Tindals 83 000 3 3 8 700Tindals 83,000 3.3 8,700

Total Inferred Resource 646,000 4.8 99,400Total Resource 1,669,000 4.9 265,100

Underground ReserveUnderground ReserveDeposit Tonnes Au g/t Ounces

Proven Perseverance 74,000 4.1 9,700Total Proven Reserve 74,000 4.1 9,700

Perseverance 90 000 4 0 11 600

Probable

Perseverance 90,000 4.0 11,600Empress 179,000 3.0 17,100Countess 287,000 3.7 33,700Tindals 68,000 3.2 7,000

Total Probable Reserve 624,000 3.5 69,500

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, ,Total Reserve 698,000 3.5 79,200

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Building a mine plan

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The Mount – Surface Expression

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The Mount

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The Mount

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The Mount

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The Mount Fly Through

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Our Future......The Priorities

Increase Resource base through exploration program Increase Resource base through exploration program Convert Resources to Reserves Ongoing mining at the Tindals Mining Centre – Empress, Percy and Countess Mining at the Tindals orebody will commence 1st Quarter 2010 Mining at the Tindals orebody will commence 1st Quarter 2010 Continue mining at The Mount Project Ongoing Technical work at all Resources Build production to +100 000oz in 2011

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Build production to +100,000oz in 2011

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Focus Minerals – A Company on the Move….

80,000oz in2010*

100,000oz in 2011*

+100,000ozFrom 2012

In Summary:

2010* 2011* From 2012

In Summary:Focus is a profitable gold producing company Focus has Low cash costsFocus is Debt freeFocus is Debt-freeFocus is Hedge-free - Significant leverage to rising gold priceRefurbishment of Three Mile Hill complete1 9Moz resource base massive upside potential

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1.9Moz resource base ~ massive upside potentialGame changing’ exploration program underway

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Focus Minerals

“Focus Minerals has the assets, the vision and the funding to become a leading regional gold producer.”

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become a leading regional gold producer. For

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Competent Persons Statement

Th i f ti i thi t l ti t E l ti R lt Mi lThe information in this report relating to Exploration Results, Mineral Resources or Ore Resources is based on information compiled by Dr

Garry Adams who is a Member of the Australian Institute of Mining and y gMetallurgy and has sufficient exploration experience which is relevant

to the style of mineralisation and type of deposit under consideration to l f d f d h d f hqualify as a Competent Person as defined in the 2004 Edition of the

‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Garry Adams is a full time employeeResources and Ore Reserves. Dr Garry Adams is a full time employee

of Focus Minerals Ltd and consents to the inclusion in the report of the matters based on his information in the form and context in which it

appears.

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Solid Foundations for Ongoing GrowthFebruary 2010

ASX: FML

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