Focus Minerals Completes Laverton Gold Project Sale

Focus Minerals Limited (ASX:FML) has finalized the sale of its Laverton Gold Project to Genesis Minerals Limited (ASX:GMD), as initially announced on May 26, 2025. The transaction involved the transfer of shares in Focus Minerals (Laverton) Pty Ltd, the entity holding the Laverton Gold Project, to Genesis Minerals. Focus Minerals received A$250 million in cash consideration upon completion of the sale. Wanghong Yang, Executive Chairman of Focus Minerals, expressed satisfaction with the completion of the transaction. The company’s board and management are now set to evaluate operational requirements at the Coolgardie Gold Project before deciding on the most effective capital management strategy. The sale marks a significant shift in Focus Minerals’ portfolio, allowing the company to concentrate its resources and potentially explore new avenues for growth. The received capital provides Focus Minerals with increased financial flexibility to invest in its remaining assets and consider strategic opportunities. Investors and stakeholders are keenly awaiting details of the upcoming strategic review, which will likely outline the company’s future direction and capital allocation plans. The company has not yet provided a specific timeline for the completion of the review.