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Focus Ventures Ltd.

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Summary

Project:

Bayovar 12

Deposit:Bayovar 12
Location:Peru
Commodities:Phosphate
Date:10/31/2014
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:31-10-2014: Focus Ventures Ltd. announces a Resource Estimation report for its Bayovar 12 deposit at the Bayovar 12 project. Initial mineral resource estimate for Bayovar 12 project. Golder Associates Ltd. (Golder) was retained by Focus Ventures Ltd. (Foc
Resources:(Resource): 151.78Mt (wet) @ 12.37% P2O5 (Ind.) and 96.83Mt (wet) @ 12.44% P2O5 (Inf.)
CP/QP:[Resources]: Jerry DeWolfe (Golder Associates)
ABSTRACT:Golder Associates Ltd. (Golder) was retained by Focus Ventures Ltd. (Focus) as an independent qualified entity to review and report on estimates of Mineral Resources and to prepare an NI 43-101 technical report for the Bayovar 12 Phosphate Project located in the Piura Region of Peru (Figure 1.1, Project Location Map). The Bayovar 12 Concession shows potential to host a large sedimentary phosphate deposit. The Bayovar district is situated in the Sechura Desert, a north-trending basin approximately 22,000 square kilometres (km2 ) in area comprising Miocene-aged sedimentary rocks. Phosphate was discovered in the 1950s during drilling for petroleum. It occurs as beds of pelletal phosphate within the Zapallal Formation, a thick sequence of diatomite, phosphorite and sandstone. The phosphorite beds are remarkably regular in P2O5 content over long distances, a typical characteristic of marine phosphate deposits.

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