HFW advises Focus Minerals on the A$250 million sale of Laverton Gold Project in Western Australia

Global, sector-focused law firm HFW has advised Focus Minerals Ltd (Focus Minerals) on the sale of the Laverton Gold Project to Genesis Minerals for cash consideration of A$250 million.

Located in Western Australia’s Eastern Goldfields region, about 250km north of Kalgoorlie, the Laverton Gold Project has a Mineral Resource estimate of 4.0 million ounces of gold.

Focus Minerals Executive Chair, Wanghong Yang said: “We are extremely pleased with the outcome achieved in the sale of Laverton and believe the consideration payable represents compelling value to our shareholders.”

The HFW deal team was led by partner Bryn Davis, with support from senior associates Kayla Giudicatti and Loren Harper, associates Peter Hiotis and Eric Zhang and graduate Shiya Tee.

Bryn Davis commented: “Congratulations to the Focus team on its agreement to sell Laverton in the context of the recent spike in gold prices and renewed investor appetite for gold assets. It is always a pleasure to work with Focus’ management team.”

HFW has significant experience advising on mining, minerals and gold M&A. The firm also recently advised:

• Norton Gold Fields Pty Ltd on the A$166.5 million sale of the Bullabulling Gold Project to Minerals 260.

• Global metals miner First Quantum Minerals on its strategic investment in Prospect Resources Limited.