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Focus Minerals Ltd ( (AU:FML) ) has issued an update.
Auric Mining Limited, in partnership with BML Ventures Pty Ltd, has finalized a toll milling agreement with Focus Minerals Ltd to process 60,000 tonnes of ore from the Jeffreys Find Gold Mine at the Three Mile Hill Plant in Coolgardie, WA. This marks the conclusion of the Jeffreys Find Gold Mine project, with processing expected to start in early July 2025 and last approximately three weeks. Auric anticipates receiving an additional $3 to $4 million from the project by July/August 2025, benefiting from the high gold prices, which have exceeded expectations and enhanced cash flow from the joint venture.
More about Focus Minerals Ltd
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $34.68M
Learn more about FML stock on TipRanks’ Stock Analysis page.