FERRUM CRESCENT LIMITED - Appointment of Financial Adviser and Grant of Options

Appointment of Financial Adviser and Grant of Options

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
2 March 20152 March 2015

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

                        Appointment of Financial Adviser and Grant of Options


Ferrum Crescent, the ASX, AIM and JSE Limited quoted iron ore developer, announces that it has
appointed Strand Hanson Limited (“Strand Hanson”) as the Company’s Financial Adviser with
immediate effect.

Strand Hanson will provide general corporate and financial advisory support via its London and
South African offices. Ferrum Crescent restarted a bankable feasibility study on its Moonlight Iron
Ore Project in late 2014 and is currently progressing potential development options in South Africa
with a number of interested groups.

In addition, the Company announces the grant of options to Strand Hanson which afford it the right
to subscribe for 2,000,000 ordinary shares in the capital of Ferrum Crescent at a price of 0.75 pence
per share and 3,000,000 shares at a price of 2 pence per share, exercisable at any time from 2 March
2015 until 1 March 2018.

Following the grant of the abovementioned options, the total number of shares under option is
13,400,000 (details of which are set out below) representing approximately 2.52 per cent. of the
Company’s fully diluted share capital. The new options will not be quoted and are subject to
standard conditions.

 Number        Exercise Price per     Expiry Date
               share

 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

 2,000,000     GBP0.0075               1 March 2018

 3,000,000     GBP0.02                 1 March 2018




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 7557 672 432

                                               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 (Pty) Ltd
                                               Doné Hattingh
                                               T (direct): +27 11 459 5037


Notes to Editors:
Ferrum Crescent’s principal project is the Moonlight Iron Ore Project located in Northern South
Africa. The Moonlight Deposit (upon which the Moonlight Iron Ore Project (“Moonlight” or the
“Project”) is based) is a magnetite deposit located on the Moonlight, Gouda Fontein and Julietta
farms in Limpopo Province in the north of South Africa, 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 (Fe). At that 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 then 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 microns).

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