Focus Minerals announced maiden Mineral Resource estimate for the Lancefield Far North deposit, part of the Company's Laverton Gold Project. The Mineral Resource is classified as Inferred following limited shallow extension and infill drilling completed in 2019 and 2021. Mineralisation at Lancefield Far North is open along strike and a lookalike of the nearby Wedge/Telegraph-style mineralisation that has multi-kilometre strike.

The Laverton Gold Project (Laverton) covers 362km square of highly prospective tenements, including the historic Lancefield and Chatterbox trend mines, on the outskirts of the Laverton township in the Goldfields region. Focus' strategy is to identify sufficient open pit Mineral Resources across the Laverton tenement package to commence a Stage 1 gold mining operation. Lancefield Far North has never been mined.

However, historic mining along strike to the south across the richly mineralised Lancefield Shear Zone produced more than 3Moz gold including: Lancefield mining 1915-1940 - 552Koz, Ashton mining of the Wedge pits in the 1990s - 25.4Koz, WMC mining of the Telegraph pit in the 1990s - 35Koz and WMC pit and underground mining at Lancefield 1987-1990's - 2.43Moz. In 2019, three traverses of three overlapping fence reverse circulation (RC) holes were completed for 1,452m to confirm target geology and mineralisation location. During 2021 nine targeted infill and extension RC holes for 840m were completed.

The increased drill density has enabled an estimation of a maiden Mineral Resource for Lancefield Far North, delivered at a cost of less than AUD 8/oz. The strike of the Lancefield Far North resource is open for follow-up resource drilling.