Focus Minerals (FML) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional custodians, introduction of board members and executives, and a disclaimer that the presentation is not an offer for securities and contains forward-looking statements subject to risks and uncertainties.

• Audit partner from RSM Australia introduced; quorum confirmed and meeting format outlined, including presentations and resolutions.

• Notice of meeting and explanatory statement taken as read; resolutions to be decided by poll.

Financial performance review

• 2022 marked a transformative year with the sale of Laverton Gold Project for AUD 250 million, enabling full loan repayment of $174.8M and strengthening the balance sheet.

• FY25 gold sales reached $273M with 49,154 oz sold at an average price of $5,556/oz, generating $68.9M operating profit.

• Q1 2026 gold sales totaled 18,191 oz, with actual ore processed exceeding planned targets.

• FY25 operational snapshot: 1.5MT plant throughput at 93.5% recovery, 897Kt open pit ore, 108Kt underground ore.

• Open pit mining delivered 896Kt ore at 0.97g/t, producing 27.8k oz gold; underground delivered 108Kt at 7.37g/t, producing 25,822 oz.

Board and executive committee updates

• Board expressed gratitude to employees, contractors, and shareholders for their support and commitment to operational excellence.

• Edward Williams serves as General Manager, Operations.

• Alex Aaltonen is General Manager Exploration and Chief Geologist.