Focus Minerals Ltd

Notable vs. Peers

• Financials score of 10/10 is stronger than the peer average of 6.4/10.

Lifecycle Milestones

1. Permit granted

   Jun 2022 · WA DMIRS approved the Mining Proposal for the Greenfields Open Pit, the starter pit for Focus's Coolgardie restart plan. · Source
2. Construction decision (FID)

   Dec 2021 · Focus's Board approved a plan to pursue resumption of mining operations at Coolgardie (the 'Resumption Plan'), announced alongside a $45.7M entitlement offer to fund it. · Source
3. Construction start

   Jul 2023 · Focus started mining at the Greenfields open pit at Coolgardie, the first physical mining activity of the restart, while the refurbished Three Mile Hill plant was commissioned in parallel. · Source
4. First pour / production

   Aug 2023 · Focus poured first gold at the restarted Coolgardie gold operations. · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached, but no source found states an explicit "commercial production declared" threshold date: the historic Coolgardie goldfield (Western Australia, mined since the 1892 gold rush) was restarted by Focus Minerals via the refurbished Three Mile Hill processing plant, with open-pit mining resuming 2023-07-21 and plant commissioning proceeding through the second half of 2023 -- narrated throughout as a restart/ramp-up rather than a single declared threshold event. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.