FERRUM CRESCENT LIMITED - Mail-out of Notice of Annual General Meeting

Mail-out of Notice of Annual General Meeting

FERRUM CRESCENT LIMITED
(Incorporated and registered in Australia and registered as an external company in the
Republic of South Africa)
(Registration number A.C.N. 097 532 137)
(External company registration number 2011/116305/10)
Share code on the ASX: FCR
Share code on AIM: FCR
Share code on the JSE: FCR
ISIN: AU000000WRL8 ("Ferrum Crescent", the "Company")(ASX: FCR, AIM: FCR, JSE: FCR)

29 October 2015

                           Mail-out of Notice of Annual General Meeting

Ferrum Crescent today announces that it has today mailed and submitted to the Australian
Securities Exchange a copy of the notice of meeting and associated documentation relating
to its Annual General Meeting of shareholders to be held at The Hovia Room, Metro Hotel
Perth, 61 Canning Highway, South Perth, Western Australia 6151 at 11.00 a.m. (Perth time)
on 30 November 2015.

For further information on the Company, please visit www.ferrumcrescent.com or contact:

 Australia enquiries:                          UK enquiries:
 Ferrum Crescent Limited                       Ferrum Crescent Limited
 Tom Revy T: +61 8 9474 2995                   Laurence Read (UK representative)
 Managing Director                             T: +44 7557672432
                                               Strand Hanson Limited (Nominated Adviser)
                                               Rory Murphy/Matthew Chandler
                                               T: +44 20 7409 3494
                                               Beaufort Securities (Broker)
                                               Elliott Hance
                                               T: +44 20 7382 8416

 South Africa enquiries:                       Bravura Capital (Pty) Ltd (JSE Sponsor)
                                               Doné Hattingh
                                               T (direct): +27 11 459 5037



Notes to Editors:
Ferrum Crescent’s principal project is the Moonlight Iron Project located in Limpopo Province in the
north of South Africa. The Moonlight Deposit (upon which the Project is based) is a magnetite
deposit located on the Moonlight, Gouda Fontein and Julietta farms and is the main operational
focus for the Company. Iscor Limited (“Iscor”), which explored the Project in the 1980s and '90s,
reported mineralisation capable of producing a concentrate grading at 68.7% iron. At that time, Iscor
concluded that the deposit, which was described as being comparable to the world’s best, was easily
mineable due to its low waste-to-ore ratio. The beneficiation attributes of Moonlight ore are
extremely impressive, with low-intensity magnetic separation considered suitable for optimum
concentration.
Metallurgical tests on Moonlight material, undertaken since by Ferrum Crescent, suggest that Iscor’s
historical results are conservative, that good metal recoveries can be achieved, and that the
resulting concentrates have a high iron content and only negligible impurities, at grind sizes
considered to be industry standard (P80 of 75 - 125 microns).

Key features of the Project to date are:

    - JORC (2012) compliant Mineral Resource;

    - Historical drilling, drilling by the Group, geological modelling and a high density geophysical
      survey conducted by the Company confirm tonnage upside potential;

    - 30 year Mining Right granted;

    - Environmental licence (EIA) in place for the Moonlight mining area (approved 4 April 2013);

    - Metallurgical test work indicates the potential for high quality concentrate and or pellets in
      excess of 69% iron with low deleterious elements (DR grade pellets for use in direct
      reduction iron/electric arc steel-making processes);

    - The quality of product that can be potentially produced at Moonlight is a clear differentiator
      against its industry peers, as is the access to infrastructure (port, power and rail);

    - Duferco offtake partner (4.5 Mtpa plus first right on a further 1.5 Mtpa if not sold
      domestically); South Africa currently has a growing demand for high grade iron concentrate
      and or pellets for its steel industry;

    - Independent valuation by The Mineral Corporation completed in June 2014; this valuation
      served as the basis for the recent BVI (Ovation Capital) deal;

    - BEE compliant South African investment company (BVI) will provide a completed BFS to the
      Group by 2017/18 at no expense to the Group in return for a 39-43% equity position in the
      Project;

    - Located near Kumba railhead at Thabazimbi (Kumba operation depleting in grade), Limpopo
      Province, northern South Africa;

    - New Eskom power plant (4,800MW) commissioning first 800MW module;

    - Richards Bay port expansion for iron ore products;

    - Local community, Ga-Seleka, has an effective 3% carried interest in the Project.

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