Focus Minerals Confirms Open Pit Potential at Green Light Deposit

Focus plans infill reverse-circulation drilling at 20-metre spacing in 2026. The goal is to upgrade parts of the Green Light resource to the Indicated category, suitable for an open pit feasibility study and mining approval.

The resource sub-crops over a drill-defined strike of 400 metres and remains open along strike and at depth. Minimal historic production has occurred at Green Light, apart from a few minor shafts including one named Princess Midas. Along strike to the southeast, the Three Mile Hill open pit produced 4.2 million tonnes at 2.4 g/t gold for 324,000 ounces historically. The 1991 CNX trial pit delivered 196,000 tonnes at 1.86 g/t for 11,700 ounces.

Focus has advanced work at Green Light toward completing a mining feasibility study. The stock rose 0.72% on the day to A$2.09, giving a market capitalisation of A$593.1 million.