Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity

FOCUS MINERALS LIMITED

ABN		Quarter ended (“current quarter”)
56 005 470 799		30 JUNE 2013

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter $A’000	Year to date $A’000
1.1	Receipts from product sales and related debtors	26,788	214,768
1.2	Payments for (a) exploration & evaluation	(3,746)	(15,343)
	(b) development	(4,332)	(14,419)
	(c) production	(52,958)	(235,379)
	(d) administration (e) royalties paid	(5,364) (15,721)	(18,927) (23,431)
1.3	Dividends received	–	–
1.4	Interest and other items of a similar nature received	1,906	3,581
1.5	Interest and other costs of finance paid	–	–
1.6	Income taxes paid	–	–
1.7	Other (provide details if material)	962	2,264
	Net Operating Cash Flows	(52,465)	(86,886)
	Cash flows related to investing activities
1.8	Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets	– – (1,738)	– – (7,475)
1.9	Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets	– – –	– – –
1.10	Loans to other entities	–	–
1.11	Loans repaid by other entities	–	–
1.12	Other (provide details if material) – Bonds – Takeover costs	(170) –	(12,165) –
	Net investing cash flows	–	–
1.13	Total operating and investing cash flows (carried forward)	(1,908)	(19,640)
1.13	Total operating and investing cash flows (brought forward)	(54,373)	(106,526)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc. Share issue costs	–	218,091
1.15	Proceeds from sale of forfeited shares	–	–
1.16	Proceeds from borrowings	–	–
1.17	Repayment of borrowings	–	–
1.18	Dividends paid	–	–
1.19	Other (provide details if material)	–	–
	Net financing cash flows	–	218,091
	Net increase (decrease) in cash held	(54,373)	111,565
1.20	Cash at beginning of quarter/year to date	168,541	2,603
1.21	Exchange rate adjustments to item 1.20	–	–
1.22	Cash at end of quarter	114,168	114,168

Gold on hand – At 30 June 2013 the Company held 1,314 ounces of gold in its metal account with the Perth Mint.

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

Current quarter

$A’000

1.23

Aggregate amount of payments to the parties included in item 1.2

149

1.24

Aggregate amount of loans to the parties included in item 1.10

–

1.25

Explanation necessary for an understanding of the transactions

Director fees & superannuation expense.

Non-cash financing and investing activities

2.1	Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
	Nil
2.2	Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
	Nil

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount available

$A’000

Amount used

$A’000

3.1

Loan facilities

10,000

8,000

3.2

Contingent Instrument Facility

18,000

7,037

Estimated cash outflows for next quarter

		$A’000
4.1	Exploration and evaluation	1,305
4.2	Development	0
4.3	Production	12,372
4.4	Administration	2,817
	Total	16,494

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.		Current quarter $A’000	Previous quarter $A’000
5.1	Cash on hand and at bank	114,159	168,542
5.2	Deposits at call	–	–
5.3	Bank overdraft	–	–
	Available cash (item 1.22)	114,159	168,542
5.4	Other (provide details) – Bonds	25,431	25,200
	Total: cash at end of quarter	139,590	193,742

Changes in interests in mining tenements

		Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
6.1	Interests in mining & prospecting tenements relinquished, reduced or lapsed	P38/3766 P38/3702 P38/3708 P38/3709 P39/4648 P39/4782 E38/1930 E39/1296 M38/372 M38/694 P38/3496 P38/3497 P38/3499 P38/3717 P38/3718 P38/3719	Lapsed Lapsed Lapsed Lapsed Transferred Transferred Transferred Transferred Transferred Transferred Transferred Transferred Transferred Transferred Transferred Transferred	100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%	0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
6.2	Interests in mining * prospecting tenements acquired or increased	P38/3974 P38/3975 P38/3976 P15/5716 P15/5730 P15/5749 P15/5750 P15/5756	Acquired Acquired Acquired Acquired Acquired Acquired Acquired Acquired	0% 0% 0% 0% 0% 0% 0% 0%	100% 100% 100% 100% 100% 100% 100% 100%

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

		Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1	Preference +securities (description)	N/a
7.2	Changes during quarter (a) Increases (b) Decreases	N/a
7.3	+Ordinary securities	9,137,375,877	9,137,375,877
7.4	Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs	300,694,977 13,909,548	300,694,977 13,909,548	1.7 cents 1.6 cents
7.5	+Convertible debt securities (description)	N/a
7.6	Changes during quarter (a) Increases (b) Decreases	N/a
7.7	Options (description and conversion factor)	13,500,000 15,000,000	– –	Exercise price 12.3 cents 5.0 cents	Expiry date 30 June 2014 28 February 2016
7.8	Issued during quarter	15,000,000	–	5.0 cents	28 February 2016
7.9	Exercised during quarter	–	–	–	–
7.10	Expired/cancelled during quarter	10,000,000	–	12.3 cents	30 June 2014
7.11	Debentures (totals only)	N/a
7.12	Unsecured notes (totals only)	N/a

Compliance statement

1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

2 This statement does give a true and fair view of the matters disclosed.

Sign here: Paul Fromson Date 17 July 2013

Company Secretary

Notes

1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.

4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==Quarterly Cashflow Report