Focus Minerals announced an updated Mineral Resource estimation for the Beasley Creek South deposit at its 100%-owned Laverton Gold Project. This updated Mineral Resource follows diamond drilling in 2020 and 2021 that enabled the definition of more tightly controlled, high-grade domains and a rebuilt hangingwall lode mineralisation. This work has allowed significant parts of the hangingwall lodes to be upgraded to the Indicated category. Beasley Creek South is a key deposit at the Laverton Gold Project (Laverton), which covers 362km2 of highly prospective tenements, including the historic Lancefield and Chatterbox trend mines, on the
outskirts of the Goldfields township. Focus' strategy is to identify sufficient open pit Mineral Resources across the Laverton tenement package to commence a Stage 1 gold mining operation. The updated Mineral Resource for Beasley Creek South, which is reported on a dry tonnage basis to a depth of 180m (250 mRL) and using a 0.5 g/t cut-off, has delivered a significant increase in the Indicated category and therefore provides more resource certainty compared to the last resource
estimate in 2020.