FERRUM CRESCENT LIMITED - Response to ASX letter re Appendix 5B

Response to ASX letter re Appendix 5B

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
Australian ISIN: AU000000WRL8
South African ISIN: AU000000FCR2
("Ferrum Crescent", the "Company", the “Group”)(ASX: FCR, AIM: FCR, JSE: FCR)

6 November 2015

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

                             Response to ASX Letter re Appendix 5B

Ferrum Crescent, the ASX, AIM and JSE quoted iron ore developer announces that it has today
responded to a routine letter from ASX Compliance Pty Ltd (“ASX Compliance”) (the “ASX Letter”),
further to the Company’s release on 30 October 2015 of its Quarterly Activities and Cashflow Report
and accompanying Appendix 5B for the period ended 30 September 2015 (together, the “Quarterly
Report”).

In summary, ASX Compliance raised certain queries and requested certain confirmations in light of
the information contained in the Quarterly Report. In response to the ASX Letter, the Company
stated the following:
    “As announced to the market on 14 October 2015, the Ferrum Crescent group entered into a
    legally binding farm-in and joint venture agreement (the “Farm-in Agreement”) with Business
    Venture Investments No. 1709 (Proprietary) Limited (“BVI”) in South Africa to form a joint
    venture for the completion of the bankable feasibility study (“BFS”) at the group’s Moonlight Iron
    Project located in Limpopo Province, northern South Africa. The effect of entering into the Farm-
    In Agreement is that BVI will be responsible for the operational costs and some associated
    administrative costs in respect of the BFS activities. Accordingly, the Company believes that it
    will have access to sufficient cash to fund its near term operational activities. In addition, whilst
    the Company expects to continue to incur negative operating cash flows, consistent with
    statements set out in its annual report and audited consolidated financial statements released to
    the market on 30 September 2015, the Company currently expects to raise additional working
    capital in the first half of calendar year 2016.”

The Company also confirmed that it is in compliance with all ASX listing rules, including listing rule
3.1, and that it meets the requirements of listing rule 12.2 (further details of which are set out in the
notes to editors below).

To view the full ASX Letter and Ferrum Crescent’s response, please click on the following link:

http://www.ferrumcrescent.com/IRM/Company/ShowPage.aspx/PDFs/1785-
10000000/ResponsetoASXAppendix5BQuery
For further information on the Company, please visit www.ferrumcrescent.com.

 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 Limited (Broker)
                                               Elliot Hance
                                               +44 20 7382 8416

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



Notes to Editors:
ASX listing rule 3.1 sets out the obligation for listed companies to keep the market fully informed of
price sensitive information, subject to certain limited exceptions (relating to incomplete and
confidential transactions).
ASX listing rule 12.2 provides that a listed company must satisfy that its financial condition is such
that it should remain quoted.

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