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As of 12:43 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

focus ventures ltd (FCV) Snapshot

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focus ventures ltd (FCV) Details

Focus Ventures Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties in Peru, Mexico, and Colombia. It primarily explores for gold, silver, copper, zinc, molybdenum, and phosphates deposits. The company is based in Vancouver, Canada.

focus ventures ltd (FCV) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: C$42.0K
President, Director and Member of Audit Commi...
Total Annual Compensation: C$204.0K
Chief Financial Officer
Total Annual Compensation: C$25.9K
Compensation as of Fiscal Year 2013.

focus ventures ltd (FCV) Key Developments

Focus Ventures Ltd. Provides an Update on its Bayovar 12 Phosphate Rock Project in Peru

Focus Ventures Ltd. provided an update on its Bayovar 12 phosphate rock project in Peru, including the addition of an experienced mining engineer to the team and a change to the scope and timing of on-going engineering studies. Positive mineral beneficiation testwork examining a simple flowsheet showed that a DAPR product with a P O grade of circa 24% could be produced from the majority of beds by drum scrubbing, desliming and sizing. Production of DAPR would potentially give Focus a shorter timeframe to commercial production at a lower CAPEX than production utilizing flotation of a P O concentrate for phosphoric acid manufacture. The company's mineral processing testwork is continuing. A review of recent results indicates that a product grade of circa 24% P O can be achieved via a relatively simple scrubbing and sizing process. The removal of the requirement for a flotation circuit would also lead to a significantly reduced level of CAPEX for the project. Management also believes the revised project scale will be able to initially use the existing infrastructure around the project resulting in further CAPEX reductions, and would be easily scalable to a larger production scenario in the future. The PFS will build on, and modify, the work completed to date for the PEA. Focus's target date for completion of the PFS is the end of 2015.

Focus Ventures Ltd. Provides Update on Phase 2 Diamond Drill Program At the Bayovar 12 Phosphate Project Near Piura, Northern Peru

Focus Ventures Ltd. announced that the Phase 2 diamond drill program at the Bayovar 12 phosphate project near Piura, northern Peru, is nearly complete and assay results for the first 9 holes have been received. Eight large diameter core holes were also drilled to collect 400kg of material to investigate the production of direct application or Reactive Phosphate Rock (RPR) using dry processing. The drilling to date has outlined phosphate mineralization over approximately 8 km from west to east and 5 km north to south. All holes intersected the same sequence of phosphate beds and highlight once again the remarkably consistent geology and grades of the phosphate mineralization over long distances, apparently with no faults or structures affecting the beds. Assays have been received for 9 holes JPQ-15- 41, 15-42, 15-43, 15-44, 15-46, 15-47, 15-49, 15-51 & 15-54. Grades and widths are in line with results received in previous holes, as shown by the following statistics; Weighted average grade and widths of the upper 6 phosphate beds is 14.4% P2O5 over 0.48m with bed 3 averaging the high grade of 21.72 % P2O5 over 0.42m; Average grade of the lower 7 phosphate beds is 13.5% P2O5 over an average bed width of 0.51m; Mineralization is open in all directions outside of the drill grid.

Focus Ventures Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015

Focus Ventures Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, loss before other items was CAD 974,770 compared with CAD 1,034,364 for the same period last year. Net loss and comprehensive loss for the period was CAD 901,766,000 or CAD 0.01 per basic and diluted share compared with CAD 1,035,271,000 or CAD 0.02 per basic and diluted share for the same period last year. Net cash used in operating activities was CAD 499,034 compared with CAD 702,509 for the same period last year. Purchase of property and equipment was CAD 1,219 compared with CAD 5,851 for the same period last year. Exploration and evaluation asset acquisition costs were CAD 61,177 compared with CAD 218,822 for the same period last year.


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