FERRUM CRESCENT LIMITED - Grant of Options to Adviser

Grant of Options to Adviser

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


11th February 2015


                                     Ferrum Crescent Limited
          ("Ferrum Crescent", the "Company" or the "Group")(ASX: FCR, AIM: FCR, JSE: FCR)

                                      Grant of Options to Adviser


Ferrum Crescent, the ASX, AIM and JSE Limited quoted iron ore developer, today announces the issue of
options to Hume Capital Securities plc. The issues give the Hume nominee (XCAP Nominees Limited) rights
to subscribe for 2,000,000 Ordinary Shares in Ferrum Crescent at 0.75 pence per share and 3,000,000
shares at 2 pence per share, exercisable at any time until 2 February 2018.

Following the grant of these share options, the total number of shares under option is 8,400,000 (full
details set out below) representing approximately 1.6% of the Company's share capital on a fully diluted
basis.

Number                              Exercise Price                       Expiry Date

400,000                             A$0.10                               14 December 2015

500,000                             A$0.03                               21 November 2016

2,500,000                           A$0.08                               19 February 2017

2,000,000                           GBP0.0075                            2 February 2018

3,000,000                           GBP0.02                              2 February 2018



The grant of options is partial consideration for broking services being provided to the Company by Hume
Capital. The issue allows Ferrum Crescent to conserve capital while ensuring advisers benefit primarily
from equity performance in Company stock. The options will not be quoted and will be subject to standard
conditions.

For more information, please visit www.ferrumcrescent.com or contact:


 Australia enquiries:                          UK enquiries:
 Ferrum Crescent Limited                       Ferrum Crescent Limited
 Tom Revy T: +61 8 9367 5681                   Laurence Read (UK representative)
 Managing Director                             T: +44 7557672432

                                               RFC Ambrian Limited (Nominated Adviser)
                                               Andrew Thomson/Oliver Morse

                                               T: +61 8 9480 2500

                                               Hume Capital Securities (Broker)
                                               Jon Belliss
                                               T: +44(0)20 3693 1470

 South Africa enquiries:                       Bravura Capital
                                               Doné Hattingh T: +27 11 459 5000


Notes to Editors
Ferrum Crescent’s principal asset is the Moonlight Iron Ore Project “Moonlight” or the “Project”), located in
Limopo Province in northern South Africa. The Moonlight Deposit (upon which the Project is based) is a
magnetite deposit located on the farms Moonlight, Gouda Fontein and Julietta in Limpopo Province in the
north of South Africa and it is the main operational focus for the Company. Iscor, which explored the
Project in the 1980s and '90s, reported mineralisation, capable of producing a concentrate grading 68.7%
iron. At the time, Iscor concluded that the deposit, which was described as 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 of Moonlight material, undertaken since by Ferrum, suggest that Iscor's 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 the industry standard (P80 of 75
microns).

Moonlight Project Highlights:
  - 30 year Mining Right granted
  - Environmental licence (EIA) in place for the Moonlight Project mining area (approved 4 April 2013)
  - Metallurgical test work indicates high quality pellets in excess of 69% iron and low deleterious
       elements possible
  - Low stripping ratio>slurry pipeline>beneficiation plant at rail head (Thabazimbi)> export through
       Richards Bay
  - Duferco offtake partner
  - Independent valuation 2014 - Mineral Corporation's independent valuation of the Project released
       to the market on 11 June 2014
  - Located near Kumba railhead at Thabazimbi (Kumba depleting in grade), Limpopo Province,
       northern South Africa
  - New Eskom power stations being commissioned
  - Richards Bay port expansion

Date: 11/02/2015 11:00:00 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.