Sharenet Sites 
Sharenet Sites
FSE - Firestone Energy Limited - Operational update FIRESTONE ENERGY LIMITED (Registration number: ABN 058 436 794) (SA company registration number: 200/023973/10 Share code on the JSE: FSE Share code on the ASX: FSE ISIN: AU000000FSE6 ("FSE" or "the Company") OPERATIONAL UPDATE Firestone Energy Limited (ASX/JSE : FSE) is pleased to announce that it has awarded the following major Infrastructure, Treatment Plant and Rail contracts in relation to the development and construction of its coal mine on the property known as Smitspan in the Waterberg region. Infrastructure Contractors: Virtual Consulting Engineers Virtual Consulting Engineers is a project management and consulting engineering company, well-positioned to initiate, procure and manage project teams that are specifically selected to meet Firestone`s requirements. Virtual Consulting Engineers was established in 1999. The company has over the years been a leading force as programme managers on numerous major projects, which, amongst others, included infrastructure maintenance, and infrastructure provision programmes. Coal Processing Contractors: Ingwenya Mineral Tech Pvt. Ltd Ingwenya Mineral Tech has extensive experience in the domain of coal preparation to offer effective solutions in the area of Conventional Coal Washeries. Ingwenya offers Firestone the latest and best technology in coal processing through the HM Modular Coal Washery with capacities up to 150 TPH. It has experienced and highly skilled personnel for the design of preparation plants to produce both power-generation coal as well as metallurgical and coking coal. Rail Contractors: RCE Consultants (Pty) Limited RCE Consultants (Pty) Ltd is an independent railway and civil engineering consultancy with offices in Gauteng, South Africa. The company provides quality railway and civil engineering services, specializing in the planning, design, and project management of rail and port-related projects. RCE Consultants have a solid track record of delivering and is well positioned to meet Firestone`s demanding schedule. In addition the Board is pleased to announce that it has issued tenders calling for submission of offers for contract mining of the Smitspan coal deposit. The contractor meetings will be held over the next week in anticipation of the appointment of a mining contractor by the end of April 2011. The Chairman of Firestone Energy Limited, David Perkins said "The appointment of these contractors is of great significance. Their combined experience substantially de-risks this project, and together with the mining contractor, when that appointment is announced, they secure for Firestone the resources and skills required to bring into existence its coal mining operations in the Waterberg." David J Perkins Chairman About Firestone Energy Firestone Energy is an independent Australian exploration company focused on developing coal projects in South Africa. The company is currently exploring the richly endowed Waterberg coal field in the Limpopo Province of South Africa. The Company is committed to value-added growth through becoming an independent coal and energy producer at its projects in South Africa. The Company has entered into three joint ventures with Sekoko Resources, a South African black empowerment company (BEE) and Sekoko has two directors on the Board of Firestone Energy. Corporate Details ASX: FSE JSE: FSE Issued Capital: 2,627 million ordinary shares Major Shareholders: Sekoko Resources (Pty) Ltd BBY Nominees Ltd Colbern Fiduciary Nominees Ltd Bell Potter Nominees Ltd Directors and Officers: Non Executive Directors: David Perkins (Chairman) Dr Pius Kasolo Colin McIntyre Sizwe Nkosi Peter Tshisevhe Company Secretary Jerry Monzu Contact: Suite B9, 431 Roberts Road Subiaco, Western Australia 6008 Tel: +61 (0)8 9287 4600 Web: www.firestoneenergy.com.au Pretoria 22 March 2011 Sponsor River Group Date: 22/03/2011 07:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
