- Focus Minerals (PFS) has released its stage one pre-feasibility study (PFS) and probable ore reserves for the Laverton Gold Project in WA
- The first phase of the PFS used the refurbished 1.5-million-tonnes-per-annum Barnicoat Mill and included five out of 20 deposits within the Laverton Gold Project
- All up, the project hosts a measured, also indicated and inferred mineral resource of 61.3 million tonnes at 1.85g/t gold for 3.64 million ounces
- The PFS also outlined 513,000 ounces of gold production at an average all-in sustaining cost of $1497 per ounce over a 9.25-year life of mine
- Focus will now progress the second phase of the PFS which will include more deposits
- Company shares are up 3.17 per cent and are trading at 32.5 cents
