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FERRUM CRESCENT LIMITED - Appointment of Technical Consultant and Update re Toral Lead-Zinc Project

Release Date: 21/06/2017 08:00
Code(s): FCR     PDF:  
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Appointment of Technical Consultant and Update re Toral Lead-Zinc Project

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


21 June 2017

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

 Appointment of Technical Consultant and Update re Toral Lead-Zinc Project

FCR, the European lead-zinc explorer, is pleased to provide the following update on
its activities.

Appointment of Technical Consultant
The Company has engaged the geological advisory services of Mr Myles Campion to
assist in progressing its current exploration portfolio in Northern Spain. Mr Campion
has extensive professional experience in resource delineation, both as an exploration
geologist and as a resources sector fund manager.

Mr Campion has a comprehensive background in all technical and financial facets of
the resources sector, specialising internationally in resource evaluation and project
assessment. He holds a BSc (Hons) in Geology from the University of Wales College,
Cardiff, an MSc (MinEx) from the Royal School of Mines in London and a Graduate
Diploma of Business (Finance). Mr Campion’s financial experience ranges from
Australian and UK equities research through to project and debt financing in London,
covering a broad spectrum of mining companies with an extensive knowledge of the
global resources market across the three main bourses, namely AIM, ASX and the
Toronto Stock Exchange. This knowledge base was applied effectively as a Fund
Manager at Oceanic Asset Management, where he successfully managed an Open
Ended Investment Company which was traded in London, achieving an outperforming
50 per cent. return over five years.

His prime responsibilities in respect of FCR’s portfolio assets are to oversee all
geological aspects of the Company’s operations and to advise FCR’s senior
management in optimising its growth and exploration activities. Mr Merlin Marr-
Johnson, previously the Company’s Senior Project Manager, has recently left the
Group to pursue his other business interests and the Company thanks him for his
valuable contribution.

Toral Project Update
FCR’s current drill programme at Toral is progressing on schedule. Visual identification
of lead-zinc associated minerals in the core extracted from the completed holes to
date, confirms the main precepts of the Company’s new geological model with respect
to the near-surface target zone. More detailed geological and metallurgical analysis
will be undertaken via assaying of the drilled core in order to determine more fully the
quantitative characteristics of the lead-zinc mineralisation near to surface within the
target zone.


Commenting today, Justin Tooth, Executive Chairman of FCR, said:
“Having Myles Campion join us a technical consultant is a fantastic and timely
opportunity to complement the existing expertise of our senior team. His extensive
experience as both an exploration geologist and a resources fund manager provides
us with real strength in the skill sets that we now require to deliver optimal value as we
progress with drilling on our main lead-zinc project at Toral. I look forward to updating
the market further in due course when we get our initial exploration results from this
campaign.”


For further information on the Company, please visit www.ferrumcrescent.com or contact:

Ferrum Crescent Limited
Justin Tooth, Executive Chairman
Grant Button, Director and Company Secretary
T: +61 8 9474 2995
UK enquiries:
Laurence Read (UK representative)
T: +44 7557 672 432

Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494

Beaufort Securities Limited (Broker)
Elliot Hance
T: +44 (0)20 7382 8300

Bravura Capital (Pty) Ltd (JSE Sponsor)
Melanie De Nysschen
T (direct): +27 11 459 5037

The information contained within this announcement is deemed by the Company to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

Date: 21/06/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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