West Australian gold explorer Focus Minerals (ASX: FML) has provided an update regarding the nine applications for forfeiture by Wayne Craig Van Blitterswyk against Focus’ tenements (M38/387, M38/1042, M38/376, M38/377, M38/401, M38/264, M38/1032, M38/507, M38/345) that were previously announced (Van Blitterswyk Forfeiture Applications).
Focus is pleased to announce that it has agreed with Mr Van Blitterswyk that all of the Van Blitterswyk Forfeiture Applications will be dismissed. This provides certainty to Focus with respect to its tenure over those Laverton tenements that were the subject of the Van Blitterswyk Forfeiture Applications. The commercial terms of the agreement with Mr Van Blitterswyk are confidential, not material to Focus, and will not affect Focus’ planned exploration expenditure for 2020.
For the past few years, Focus has been investing significantly in its Laverton and Coolgardie projects, creating many jobs in regional Western Australia and demonstrating the Company’s clear intent to deliver value for all stakeholders from its tenements.
This investment is continuing as Focus advances its ambition to become Western Australia’s next profitable, sustainable and disciplined gold producer. Focus will update the market as appropriate, consistent with its continuous disclosure obligations.