ASX ANNOUNCEMENT: 8 June 2011CEO on Production Ramp-Up and...

ASX ANNOUNCEMENT: 8 June 2011
CEO on Production Ramp-Up and Outlook

Open Briefing interview with CEO Campbell Baird Level

In this Open Briefing®, CEO Campbell Baird discusses

o Aggressive ramp-up of production
o Update on Treasure Island exploration project
o Outlook and strategic focus over the next 12 to 18 months

Open Briefing interview:
openbriefing.com
Focus Minerals Limited (ASX:FML) now has three gold mines in operation and aims to increase production to 100,000 ounces in calendar 2011 and 130,000 ounces in 2012. Are you on track to achieve these targets? What are the key risks to these targets?

CEO Campbell Baird
Yes, we are very much on track to achieve these production targets. We have been significantly transforming this business over the last few months to change from a one mine operation, to now having three operating mines, two of which we are ramping up.


Hi Pinto,

Removing CRE from the equation, CB did state on 8/6 that they were on track for "130,000ozs" in 2012 from FML production.
I have also noticed that this production target has now been lumped into CRE 2012 target and now reads +200,000ozs.

So if FML ops are on track 8/6, IMO, this add up to
+ 70,000ozs for CRE.

As CRE are not delisted yet, should management be reporting
separate targets, rather than joint targets?.