Sharenet Sites 
Sharenet Sites
Update on conract with AAI
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" or "the company" or "the group")
UPDATE ON CONTRACT WITH AAI AND PLANNING FOR BFS FUNDING
Ferrum Crescent Limited, the ASX, AIM and JSE quoted iron ore developer in northern South
Africa, today announces an update on the financing process being undertaken by the Board to
complete its bankable feasibility study (BFS) in relation to the Moonlight Iron Ore Project in
South Africa.
The Company is currently engaging with a number of parties, including Anvwar Asian
Investment (AAI) from Oman, to secure funds of approximately $10-13m for the completion of
a full BFS for Moonlight. On 16 March 2014 Ferrum Crescent signed an investment agreement
with AAI. A single payment of US$500,000 was made to the Company in accordance with the
agreed payment schedule but a second US$500,000 was not made in accordance with that
schedule, with AAI making a request to delay the payment (as announced on 8 May 2014). The
timetable requested by AAI for payment has now also elapsed without the second payment
being received by the Company. Ferrum Crescent did not agree to the request for delayed
payment, and the Company is in discussions with AAI over its breach of contract.
There are other parties in discussions with Ferrum Crescent, and the Company is looking at
financing options that will secure optimal partnerships for the completion of the BFS and
beyond. Moonlight is an advanced project, potentially capable of producing a high-grade iron
ore pellet product, and is reviewing the use of established infrastructure for transportation.
Given the project’s situation and stage of development and the premium product that it
should be able to produce, the Company believes that this is the best course of action for the
Company at this stage.
For more information, please visit www.ferrumcrescent.com or contact:
Australia and Company enquiries:
Ferrum Crescent Limited
Ed Nealon T: +61 8 9367 5681
Chairman
Tom Revy T: +61 8 9367 5681
Managing Director
UK enquiries:
Pareto Securities Ltd (Broker)
Guy Wilkes T: +44 (0) 20 7786 4370
RFC Ambrian Limited (Nominated Adviser)
James Biddle, Andrew Thomson
T: +44 (0) 20 3440 6800 / +61 8 9480 2500
Ferrum Crescent Limited
Laurence Read (UK representative)
T: +44 7557672432
South Africa enquiries:
Sasfin Capital
Leonard Eiser T: +27 11 809 7500
30 May 2014
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 30/05/2014 08:00:00 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.
