Company Overview: Focus Minerals Limited (ASX: FML) is an Australia-based gold exploration and production company operating in Western Australia. Its flagship Coolgardie Gold Project spans ~116.6 km² of highly prospective tenements on the outskirts of Coolgardie in the Goldfields region. The company is also advancing development of the Bonnie Vale Underground Mine, aimed at supporting its growth pipeline. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

FML’s Technical Analysis:

FML is displaying bullish technical momentum on the daily chart, trading well above a rising trendline support that has remained intact through recent sessions. This reinforces the formation of a solid technical base and reflects consistent buying interest at current levels. Momentum indicators remain constructive, with the 14-period RSI at 89.93 confirming strong upward momentum while also placing the stock in overbought territory. Price action continues to hold above the 21-period SMA, which acts as dynamic support and underscores the prevailing strength. Looking ahead, crucial support is seen at AUD 0.810, with key resistance positioned at AUD 1.140.

Daily Technical Chart – FML

Considering the stock’s current prices are trading above the rising trendline support, and momentum oscillator analysis, a “Speculative Buy” recommendation is given on the stock. The stock was analysed as per the current price of AUD 0.945  per share as on September 19, 2025, at 11:45 AM AEST.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: Investment decision should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report.

Note 3: Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

The reference date for all price data, currency, technical indicators, support, and resistance levels is September 19, 2025. The reference data in this report has been partly sourced from REFINITIV.

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

The Green colour line reflects the 21-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 21-period, prices are currently in a bullish trend (Vice – Versa).

The Blue colour line reflects the 50-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 50-period, prices are currently in a bullish trend (Vice – Versa).

The Orange/ Yellow colour line represents the Trendline.

The Purple colour line in the chart’s lower segment reflects the Relative Strength Index (14-Period), which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.