FIRESTONE ENERGY LIMITED - Paarl Waste Water Treatment Plant Agreement

Paarl Waste Water Treatment Plant Agreement

FIRESTONE ENERGY LIMITED
(Incorporated in Australia)
(Registration number ABN 058 436 794)
Share code on the JSE Limited: FSE
Share code on the ASX: FSE
ISIN: AU000000FSE6
FSE01 – ISIN: AU00000FSE02
(SA company registration number 2008/023973/10)
("FSE" or "the Company")




                                                                              ASX Release

                                                                             3 August 2015
       Paarl Waste Water Treatment Plant
                  Agreement                                                  FIRESTON ENERGY
                                                                                 LIMITED
                                                                             ABN 71 058 436 794
The Board of Firestone Energy Limited (Company) is pleased to
advise that the Waterberg Coal Project Joint Venture Partners,
                                                                             Registered office:
through Sekoko Coal Pty Ltd (Sekoko), have now entered into an
                                                                          Level 2, 1 Walker Avenue
agreement with the Lephalale Municipal Council (LMC) to take
                                                                            West Perth, Western
over the management and operation of the Paarl Waste Water
                                                                               Australia 6005
Treatment Facility (the Facility) for the purposes of supplying
                                                                                   Australia
water to the Waterberg Coal Projects (WCP).
                                                                            Tel: +61 8 9485 0888
In its September 2014 Quarterly Activities Report the Company
                                                                            Fax: +61 8 9485 0077
advised that the WCP joint venture partners had engaged with
LMC in respect of a proposal for taking over the management and
                                                                             South African office:
operation responsibility for the Facility so as to ensure the long
                                                                             Level 1, The Place,
term availability of treated water for utilisation in the proposed
                                                                                1 Sandton Dr
project development and operations.
                                                                               Sandton, 2146
                                                                                South Africa
The agreement entitles, but does not oblige, Sekoko, on behalf of
the WCP, to access treated water for 30 years with an option to
                                                                            Tel: +27 10 594 2240
renew the agreement for a further term.
                                                                            Fax: +27 10 594 2253
The Facility has a treatment capacity of 10 million litres per day, or            Contact:
3.64 million cubic metres per annum and will provide the WCP                  Mr Stephen Miller
with sufficient water not only for its proposed Export Project               Managing Director
development, but also Stage 1 of its proposed IPP development,
which is currently under technical and economic assessment.                            Or

Securing this water agreement is a very significant and necessary            Investor relations
step towards the development of the WCP which the joint venture                in South Africa:
partners are targeting a project start up for the Export Project             Lawrie Mackintosh
towards the end of Q4 of 2015.
                                                                                    E-mail:
Stephen Miller                                                              info@waterbergcoal.net
Managing Director                                                        Directors and Officers:
Firestone Energy Limited                                                  Non-Executive Directors:
                                                                               Dr Mathews Phosa
3 August 2015                                                                     (Chairman)
Johannesburg                                                                    Edwin Leith Boyd
Sponsor
River Group                                                                      Officers:
                                                                         Mr Stephen Miller Managing
                                                                                  Director
                                                                          Ms Amanda Matthee CFO
                                                                            Mr Edwin Leith Boyd
                                                                             Company Secretary

                                                                             ASX / JSE Symbol:FSE

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