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Coal export entitlement received
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
(SA company registration number 2008/023973/10)
("FSE" or "the Company")
About Firestone Energy
Firestone Energy Limited is an
independent, Australian exploration and
development company listed on the
Australian Stock Exchange Ltd (ASX) and
the Johannesburg Stock Exchange (JSE).
COAL EXPORT ENTITLEMENT RECIEVED Firestone Energy has entered into a Joint
Venture with Sekoko Resources (Pty) Ltd
Firestone Energy Limited (ASX/JSE: FSE) (“Firestone” or the through which Firestone Energy has
acquired the right to 60% participation
“Company”), is pleased to inform shareholders that Sekoko
interests in the Waterberg Coal Project
Resources (Pty) Ltd, it’s joint-venture partner in the Waterberg located in Lephalale area, Limpopo Province,
Project, has received conditional approval for a coal export South Africa.
entitlement of 51,000 metric tonnes (mt) over a twelve-month
period, for a duration of three years under the Quattro The first stage of the project is to develop the
Smitspan mine which has a substantial
Allocation. measured thermal coal resource and to
develop the Vetleegte mine which is a
The Quattro Allocation Scheme provides for 4 (four) million substantial metallurgical coal deposit.
tonnes (mt) per year of export entitlement to black-owned
companies through the Richards Bay Coal Terminal (RBCT). Firestone Energy is committed to becoming a
profitable independent coal and energy
The awarding of the approval is a significant achievement for producer at its projects in South Africa,
Sekoko and also for its contribution in the continuing thereby making a substantial contribution to
the social and economic development of the
development of the Waterberg Joint-Venture Project. Lephalale area and South Africa.
Corporate Details
Yours sincerely, ASX: FSE
JSE: FSE
Issued Capital:
3,549 million ordinary shares
Major Shareholders:
David Knox Waterberg Coal Company
Sekoko Resources (Pty) Ltd
Chief Executive Officer Linc Energy Ltd
www.firestoneenergy.com.au BBY Nominees Pty Ltd
Tel: Australia (+61 08 9287 4600)
Directors and Officers
South Africa (+27 11 706 3548)
Non Executive Directors:
Mr Tim Tebeila (Chairman)
David Perkins (Deputy Chairman)
Dr Pius Kasolo
Ben Mphahlele
About Sekoko Resources Kobus Terblanche
Oren Zohar
Jack James
Sekoko Resources (Pty) Ltd is a South African-based black-owned energy and minerals
company developing the coal, magnetite iron ore and PGMs Projects in the Limpopo Officers:
Province of South Africa. This includes a significant exploration program and development Mr David Knox CEO
of the Waterberg Coal Joint Venture Project based on significant Coal Zone Resources. Ms Amanda Matthee CFO
Mr Jerry Monzu Company Secretary
Sekoko is targeting to commence operations in 2012, thus forming the basis for developing
a global coal business.
Contact:
Suite B9, 431 Roberts Road
Subiaco, Western Australia 6008
Tel: +61 (08) 9287 4600
23 May 2012
Johannesburg
Spronsor
River Group
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