Quarterly Report – December 2010 | Focus Minerals Limited

37% increase in gold production to 21,039oz (Sept 2010 Qtr: 15,300oz).
Continued downward trend in cash costs to A$877/oz (Sept 2010 Qtr: A$932/oz).
Sales revenue of A$27.2 million from gold sales of 19,570oz at an average received price of A$1,388/oz – average cash operating margin of A$511/oz.
Record ore processing through the Three Mile Hill plant with 327,319 tonnes processed @ 2.2g/t Au.
Record mine production of 151,412 tonnes @ 3.56g/t Au from the Tindals Underground Mine.
Production from The Mount Underground Mine and Tindals Open Pits on track to commence in the June 2011 Quarter with ore recovery commencing at The Mount from March 2011.
Outstanding results achieved from exploration work at the Treasure Island Project with surface samples of 58.9g/t Au, 48.4g/t, 41.3g/t and 39.8g/t.
At 31 December 2010, Focus had total cash and equivalents of $8.68 million.