Earnings release
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Page 1 of 8 Market Announcement June 2026 Quarterly Activities Report Coolgardie Gold Operations: During the June Quarter: • Milling at the Three Mile Hill ( TMH) processing plant remained stable and efficient, with a total of 350,507 tonnes of the Company’s ore processed at a head grade of 1.80 g/t with average metallurgical recovery of 95.2%. • Open pit mining continued at Alicia and Dreadnought, and CNX delivering 199,923 tonnes at 0.80 g/t for 5,160 ounces of gold. • Bonnie Vale Underground Mine produced 101,641 tonnes of development and stope ore @ 4.29 g/t, for 14,011 ounces of gold. • 12,805.71 ounces of gold were sold at an average realised price of A$ 6,377.92 per ounce, alongside 2,879.60 ounces of silver credits. • As of 30 Jun 2026, Focus Minerals has 6,577.409 oz of gold held in Perth Mint metal account. Exploration/Resource Development Activities: Coolgardie Gold Project Focus have completed 5,633 m DD and 16,96 4 m RC grade control drilling to support mine development at Bonnie Vale, Dreadnought and CNX. Focus have advanced resource development drilling at: • Bonnie Vale 4,035 m DD and 5,168m RC; • Greenlight 3,525 m RC; • CNX 1,512 m RC; and • Patricia Jean 156 m DD and 1,836 m RC. Coolgardie Gold Project The Coolgardie Gold Project ( Coolgardie) covers 119.1km 2 of highly prospective tenements on the outskirts of the Coolgardie township in the Goldfields region. The Company’s efforts are focused on optimising mining and processing operations, whilst completing resource development programs to deliver new Mineral Reserves.
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Market Announcement | Page 2 of 8 Coolgardie Production Activities Open Pit Mining: During the June Quarter: • Surface mining continued in Dreadnought, Alicia and CNX. • Total material mined was 2,165,437 tonnes. • Total ore mined was 199,923 tonnes @ 0.80 g/t for 5,160 ounces. • Total material movement across the pits reached approximately 0.78 million BCM. • Mining at Dreadnought produced 48,952.6 ore tonnes @ 0.71 g/t for 1,099.4 ounces, with activities focused on continued mining in the northern section. • Mining at Alicia produced 34,384.4 ore tonnes @ 0.9g/t for 990 ounces. • Mining at CNX produced 116,586 ore tonnes @ 0.82 g/t for 3,070 ounces. Bonnie Vale Underground Mining • Underground mining at Bonnie Vale produced 101,641 tonnes of development and stope ore at an average grade of 4.29 g/t Au, containing 14,012 ounces of gold during the June Quarter. • Production comprised 68,994 tonnes of development ore at an average grade of 4.65 g/t Au for 10,313 ounces, and 32,647 tonnes of longhole stoping ore at an average grade of 3.52 g/t Au for 3,699 ounces. • Ore production from both development and longhole stoping increased during the quarter, reflecting additional ore headings and stoping fronts becoming available. • Lateral jumbo development totalled 1,529 metres, comprising 844 metres of capital development and 685 metres of operating development. • The decline advanced 240 metres during the quarter, providing access to planned underground production levels. TMH Ore Processing • Processing operations at TMH remained stable and efficient throughout the June Quarter, delivering consistent plant performance and strong production outcomes. A total of 350,507 tonnes of ore was processed. • The average head grade of Focus ore processed was 1. 80 g/t, with gold recovery averaging 95.2%, demonstrating solid metallurgical performance. High throughput rates were sustained across the quarter, with stable plant operation effectively mitigating the impact of equipment availability constraints. Mine Geology: Bonnie Vale Underground Mine Development at the Bonnie Vale Underground Mine progressed to the 1190 level during the June Quarter, supporting the continued opening of lower mining fronts. The primary sources of development ore were the 1255, 1240 and 1220 levels, with ore drive develo pment commencing on the 1205 level. Development grades were in line with expectations and consistent with drilling assays. Stoping performance during the June Quarter was strong, with multiple panels mined across the upper levels of the orebody. Stoping activity continued to be focused between the 1330 and 1285 levels, contributing to steady production. Backfilling operations continued in completed stopes, supporting the
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Market Announcement | Page 3 of 8 ongoing mining sequence and future stope availability. A total of 5,633 m of underground diamond drilling was completed at Bonnie Vale. Dreadnaught and Alicia Open Pit During the June Quarter, the pace of mining at Dreadnought increased and 9,812 m RC grade control drilling was completed from the 395m RL level. Furthermore stockpiles at Dreadnaught received 1,931 m RC grade control drilling. The mine rate at Alicia was reduced as the pit area became more constrained. Final mining at Alicia has been pushed back to July and August. CNX Open Pit The focus at CNX was regularising the pit floor to the 390-395mRL with the majority of mining completed in the SE part of the pit during the Qtr. The NW and central parts of the CNX received 2,752m RC grade controlled from 395mRL. Adjacent historical stockpiles mined in the 90’s received 2,328m RC grade control. Grade control the SE part of CNX will be completed during July. Coolgardie Resource Development Activities During the June Quarter, resource development drilling occurred at Bonnie Vale, Patricia Jean, CNX and Green Light. Total number of holes and metres drilled are as follow: Res Dev Drilling Holes RC DD Greenlight Res Dev RC 51 3,525.00 Pat Jean Res Dev DD 1 156.00 Pat Jean Res Dev RC 29 1,836.00 CNX Res Dev RC 15 1,512.00 BVL Res Dev RCDD 23 2,088.20 3,675.34 BVL Res Dev DD 1 360.40 BVL Res Dev RC 18 3,080.00 Total 138 12,041.20 4,191.74 Corporate Focus received approximately $82 million from the proceeds of sale of gold and silver during the June Quarter. Focus paid $1.16 million on exploration during the June Quarter, including on drilling, assays and payments to consultants and exploration personnel. During the quarter, the Company spent $10.4 million and $56.8 million on development and production respectively. In compliance with ASX Listing Rule 5.3.5, Focus reports it has paid $229,000 to related parties of the Company and their associates, which included Executive Directors’ salaries, non -Executive Directors’ fees, superannuation and rent for the Directors.
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Market Announcement | Page 4 of 8 As of 30 June 2026, the Company’s cash and cash equivalent position is $ 122.15 million, plus a term deposit of $94.9 million. The Company also held 6,577.409 oz of gold in its Perth Mint metal account. The release of this ASX announcement was authorised by Mr Wanghong Yang, Executive Chairman of Focus Minerals Ltd. For further information please contact: Nicholas Ong Commercial General Manager & Company Secretary Focus Minerals Ltd. Phone: +61 8 9215 7888 Email: info@focusminerals.com.au About Focus Minerals Limited (ASX: FML) Focus is committed to delivering shareholder value from the Coolgardie Gold Operation, a 11 9.1km2 tenement holding that includes a 1.2Mtpa processing plant at Three Mile Hill, with commencement of mining activities in mid- 2023. Competent Person Statement The information in this announcement that relates to Exploration Results is based on information compiled by Mr Alex Aaltonen, who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM ). Mr Aaltonen is an employee of Focus Minerals Limited. Mr Aaltonen has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Aaltonen consents to the inclusion of this information in the form and context in which it appears in this report.
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Market Announcement | Page 5 of 8 Tenement Movements during the Quarter Coolgardie Gold Project Tenement Project Percentage as at 01 April 2026 Percentage as at 30 June 2026 Note M15/0150 Bayleys 100% 100% M15/0630 Bayleys 100% 100% M15/1434 Bayleys 100% 100% M15/1788 Bayleys 100% 100% P15/6254 Bayleys 100% 100% P15/6256 Bayleys 100% 100% P15/6868 Bayleys 100% 100% P15/6869 Bayleys 100% 100% M15/0277 Bonnie Vale 100% 100% M15/0365 Bonnie Vale 100% 100% M15/0595 Bonnie Vale 100% 100% M15/0662 Bonnie Vale 100% 100% M15/0711 Bonnie Vale 100% 100% M15/0770 Bonnie Vale 100% 100% M15/0852 Bonnie Vale 100% 100% M15/0857 Bonnie Vale 100% 100% M15/0877 Bonnie Vale 100% 100% M15/0981 Bonnie Vale 100% 100% M15/1384 Bonnie Vale 100% 100% M15/1444 Bonnie Vale 100% 100% M15/1760 Bonnie Vale 100% 100% M15/1853 Bonnie Vale 100% 100% P15/5702 Bonnie Vale 100% 100% P15/5703 Bonnie Vale 100% 100% P15/5704 Bonnie Vale 100% 100% P15/6598 Bonnie Vale 100% 100% P15/6670 Bonnie Vale 100% 100% P15/6777 Bonnie Vale 100% 100% P15/6801 Bonnie Vale 100% 100% P15/6825 Gunga 100% 100% P15/6826 Gunga 100% 100% P15/6827 Gunga 100% 100% P15/6828 Gunga 100% 100% G15/0007 Infrastructure 100% 100% G15/0046 Infrastructure 100% 100% L15/0027 Infrastructure 100% 100% L15/0028 Infrastructure 100% 100% L15/0034 Infrastructure 100% 100% L15/0042 Infrastructure 100% 100% L15/0051 Infrastructure 100% 100% L15/0059 Infrastructure 100% 100% L15/0063 Infrastructure 100% 100% L15/0077 Infrastructure 100% 100% L15/0078 Infrastructure 100% 100% L15/0088 Infrastructure 100% 100% L15/0090 Infrastructure 100% 100%
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Market Announcement | Page 6 of 8 Tenement Project Percentage as at 01 April 2026 Percentage as at 30 June 2026 Note L15/0095 Infrastructure 100% 100% L15/0096 Infrastructure 100% 100% L15/0114 Infrastructure 100% 100% L15/0116 Infrastructure 100% 100% L15/0119 Infrastructure 100% 100% L15/0122 Infrastructure 100% 100% L15/0123 Infrastructure 100% 100% L15/0126 Infrastructure 100% 100% L15/0127 Infrastructure 100% 100% L15/0130 Infrastructure 100% 100% L15/0161 Infrastructure 100% 100% L15/0164 Infrastructure 100% 100% L15/0168 Infrastructure 100% 100% L15/0169 Infrastructure 100% 100% L15/0171 Infrastructure 100% 100% L15/0172 Infrastructure 100% 100% L15/0173 Infrastructure 100% 100% L15/0174 Infrastructure 100% 100% L15/0175 Infrastructure 100% 100% L15/0177 Infrastructure 100% 100% L15/0179 Infrastructure 100% 100% L15/0186 Infrastructure 100% 100% L15/0193 Infrastructure 100% 100% L15/0194 Infrastructure 100% 100% L15/0200 Infrastructure 100% 100% L15/0211 Infrastructure 100% 100% L15/0283 Infrastructure 100% 100% L15/0294 Infrastructure 100% 100% L15/0371 Infrastructure 100% 100% L15/0403 Infrastructure 100% 100% L15/0405 Infrastructure 100% 100% L15/0421 Infrastructure 100% 100% L15/0455 Infrastructure 100% 100% L15/0458 Infrastructure 100% 100% L15/0459 Infrastructure 100% 100% P15/5971 Londonderry 100% 100% P15/5972 Londonderry 100% 100% P15/6118 Londonderry 100% 100% P15/6119 Londonderry 100% 100% P15/6120 Londonderry 100% 100% P15/6121 Londonderry 100% 100% P15/6122 Londonderry 100% 100% P15/6123 Londonderry 100% 0% Surrendered P15/6176 Londonderry 100% 100% P15/6177 Londonderry 100% 100% P15/6178 Londonderry 100% 100% M15/0385 Lord Bob 100% 100% M15/1789 Lord Bob 100% 100% P15/5712 Lord Bob 100% 100% P15/5939 Lord Bob 100% 100% P15/6102 Lord Bob 100% 100%
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Market Announcement | Page 7 of 8 Tenement Project Percentage as at 01 April 2026 Percentage as at 30 June 2026 Note M15/0384 Norris 100% 100% M15/0515 Norris 100% 100% M15/0761 Norris 100% 100% M15/0791 Norris 100% 100% M15/0871 Norris 100% 100% M15/1153 Norris 100% 100% M15/1422 Norris 100% 100% M15/1793 Norris 100% 100% M15/1918 Norris 100% 100% M15/1922 Norris 100% 100% M15/1923 Norris 0% 0% Under application P15/6605 Norris 100% 100% P15/6633 Norris 100% 100% P15/6639 Norris 100% 100% P15/6667 Norris 100% 100% P15/6915 Norris 0% 0% Under application M15/0154 Three Mile Hill 100% 100% M15/0636 Three Mile Hill 100% 100% M15/0645 Three Mile Hill 100% 100% M15/0781 Three Mile Hill 100% 100% M15/0827 Three Mile Hill 100% 100% M15/1341 Three Mile Hill 100% 100% M15/1357 Three Mile Hill 100% 100% M15/1358 Three Mile Hill 100% 100% M15/1359 Three Mile Hill 100% 100% M15/1432 Three Mile Hill 100% 100% P15/6541 Three Mile Hill 100% 100% M15/0023 Tindals 100% 100% M15/0237 Tindals 100% 100% M15/0410 Tindals 100% 100% M15/0411 Tindals 100% 100% M15/0412 Tindals 100% 100% M15/0646 Tindals 100% 100% M15/0660 Tindals 100% 100% M15/0675 Tindals 100% 100% M15/0958 Tindals 100% 100% M15/0966 Tindals 100% 100% M15/1114 Tindals 100% 100% M15/1262 Tindals 100% 100% M15/1293 Tindals 100% 100% M15/1294 Tindals 100% 100% M15/1433 Tindals 100% 100% M15/1461 Tindals 100% 100% P15/6251 Tindals 100% 100% P15/6252 Tindals 100% 100% P15/6253 Tindals 100% 100% P15/6257 Tindals 100% 100% P15/6333 Tindals 0% 0% Under application P15/6335 Tindals 100% 100% P15/6858 Tindals 100% 100% P15/6859 Tindals 100% 100%
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Market Announcement | Page 8 of 8 Tenement Project Percentage as at 01 April 2026 Percentage as at 30 June 2026 Note M15/1874 Nepean 0% 0% Royalty Rights P15/5574 Nepean 0% 0% Royalty Rights P15/5575 Nepean 0% 0% Royalty Rights P15/5739 Nepean 0% 0% Royalty Rights
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Rule 5.5 ASX Listing Rules Appendix 5B (17/07/20) Page 1 + See chapter 19 of the ASX Listing Rules for defined terms. Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Focus Minerals Limited ABN Quarter ended (“current quarter”) 56 005 470 799 30th June 2026 Consolidated statement of cash flows Current quarter $A’000 Year to date (6 months) $A’000 1. Cash flows from operating activities 1.1 Receipts from customers 81,979 214,331 1.2 Payments for (a) exploration & evaluation (16) (19) (b) development (10,417) (15,751) (c) production (56,867) (111,266) (d) staff costs (9,519) (20,614) (e) administration and corporate costs (1,097) (1,601) 1.3 Dividends received (see note 3) - - 1.4 Interest received 3,834 5,121 1.5 Interest and other costs of finance paid (95) (177) 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other - - 1.9 Net cash from / (used in) operating activities 7,802 70,024 2. Cash flows from investing activities - - 2.1 Payments to acquire or for: (a) entities (b) tenements - - (c) property, plant and equipment (5,849) (11,234) (d) exploration & evaluation (1,097) (2,257) (e) investments - - (f) other non-current assets - -
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 2 + See chapter 19 of the ASX Listing Rules for defined terms. Consolidated statement of cash flows Current quarter $A’000 Year to date (6 months) $A’000 2.2 Proceeds from the disposal of: - - (a) entities (b) tenements - - (c) property, plant and equipment 8 8 (d) investments - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (bond/deposit paid & released) (28,900) (64,202) 2.6 Net cash from / (used in) investing activities (35,838) (77,685) 3. Cash flows from financing activities - - 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - - 3.4 Transaction costs related to issues of equity securities or convertible debt securities - - 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other - - 3.10 Net cash from / (used in) financing activities 0 0 4. Net increase / (decrease) in cash and cash equivalents for the period (28,036) (7,661) 4.1 Cash and cash equivalents at beginning of period 150,187 129,812 4.2 Net cash from / (used in) operating activities (item 1.9 above) 7,802 70,024 4.3 Net cash from / (used in) investing activities (item 2.6 above) (35,838) (77,685) 4.4 Net cash from / (used in) financing activities (item 3.10 above) - - 4.5 Effect of movement in exchange rates on cash held - - 4.6 Cash and cash equivalents at end of period 122,151 122,151
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 3 + See chapter 19 of the ASX Listing Rules for defined terms. 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 122,151 150,187 5.2 Call deposits - - 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 122,151 150,187 6. Payments to related parties of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to related parties and their associates included in item 1 229 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 4 + See chapter 19 of the ASX Listing Rules for defined terms. 7. Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 7.1 Loan facilities - - 7.2 Credit standby arrangements - - 7.3 Other (please specify) 5,566 5,566 7.4 Total financing facilities 5,566 5,566 7.5 Unused financing facilities available at quarter end - 7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. Bank guarantee for letter of credits to DMIRS, $3,067.5k • Bank of China, • Fee 1% per annum of the face value of the bank guarantee, • No maturity date, • Secured by term deposits held at Bank of China. Bank guarantee for Electricity Networks Corporation, $568k • Bank of China, • Fee 1% per annum of the face value of the bank guarantee, • No maturity date, • Secured by term deposits held at Bank of China. Bank guarantee for Barminco Limited, $1,600k • Fee 2.25% per annum of the face value of the bank guarantee, • Expire 29 February 2028, • Secured by term deposit with NAB. Credit card facility $330k • Secured by term deposit with NAB.
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 5 + See chapter 19 of the ASX Listing Rules for defined terms. 8. Estimated cash available for future operating activities $A’000 8.1 Net cash from / (used in) operating activities (item 1.9) 7,802 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (1,097) 8.3 Total relevant outgoings (item 8.1 + item 8.2) 6,705 8.4 Cash and cash equivalents at quarter end (item 4.6) 122,151 8.5 Unused finance facilities available at quarter end (item 7.5) - 8.6 Total available funding (item 8.4 + item 8.5) 122,151 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 18.22 Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. 8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? Answer: 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. 31 July 2026 Date: ................................................................................... Authorised by: Wanghong Yang, Executive Chairman (Name of body or officer authorising release – see note 4)
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 6 + See chapter 19 of the ASX Listing Rules for defined terms. Notes 1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter , how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so. 2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, t he definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report. 3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity. 4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committee – eg Audit and Risk Committee ]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”. 5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained , that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity , and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.