Wrap Text
Quarterly Activities and Cashflow Report For the period ended 30 September 2017
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
31 October 2017
Ferrum Crescent Limited
("FCR", the "Company" or the "Group")(ASX, AIM, JSE: FCR)
Quarterly Activities and Cashflow Report
For the period ended 30 September 2017
Highlights:
Toral lead-zinc project, Spain
- 6 hole exploration drill programme completed comprising 1,046.9m of drilling within 200
metres of the surface.
- Intersection of lead-zinc anomalies in all six drill holes.
- Key intersections encountered (all widths given along the core):
- Hole TOR17009 1 metre grading at 1.22%Pb, 9.77%Zn (10.99% combined Pb/Zn);
- Hole TOR17012 3 metres grading at 0.64%Pb, 6.46%Zn (7.10% combined Pb/Zn);
- Hole TOR17012 1 metre grading at 0.67%Pb, 16.10%Zn (16.77% combined Pb/Zn);
- Hole TOR17013 1 metre grading at 6.51%Pb, 6.50%Zn (13.01% combined Pb/Zn);
- Hole TOR17013 3 metres grading at 6.03%Pb, 5.49%Zn (11.52% combined Pb/Zn).
Corporate
- On 8 September 2017, the Company announced a conditional placement, via
Peterhouse Corporate Finance Limited as AIM broker for the Company, of 214,782,526
fully paid new ordinary shares at an issue price of 0.09 pence per share (the Placing
Shares) (the Placing). The Placing, which completed on 14 September 2017, raised, in
aggregate, GBP193,304 (approximately A$321,590) before expenses.
The Placing Shares were issued to sophisticated and professional investors without
shareholder approval utilising the Company's existing placement capacity under ASX
Listing Rule 7.1A with the net proceeds to be used to undertake additional exploration
and evaluation activities at the Company’s Toral and Lago lead-zinc exploration projects
in northwest Spain, as well as for general working capital purposes.
- On 26 September 2017, the Company announced the resignation of Mr Justin Tooth
(Executive Chairman) from the board of directors with immediate effect in order to
pursue his other business interests. Mr Grant Button, previously a non-executive director
of the Company and Company Secretary, assumed the role of Non-Executive Chairman.
- In addition, Mr Laurence Read assumed the role of Executive Director, having previously
been a non-executive director of the Company.
Post Quarter End
- Further to a full review of the Toral assets by Mr Laurence Read and Mr Myles Campion,
a Revised Toral Lead-Zinc Exploration Strategy was announced, comprising:
- The review and assessment of all exploration work undertaken in Spain to date,
which was performed during October 2017;
- An initial review of historical core samples by the Company;
- A key focus on all historical information being processed into a standardised central
model data platform for use by the Company’s geologists and independent
consultants; and
- The appointment of Addison Mining Services Limited, geological and mining
consultants based in London, to develop a maiden JORC (2012) compliant resource
estimate by the end of 2017, incorporating, inter alia, the data from the 2017
exploration drill campaign, which will not require any further drilling.
- Group wide fixed cost reduction programme underway, which has already significantly
reduced fixed administrative and exploration costs
- On 17 October 2017, the Company announced the appointment of Mr Myles Campion
to the Board, as an Executive Director, with immediate effect.
Mr Campion has a comprehensive background in all technical and financial facets of the
resources sector, specialising internationally in resource evaluation and project
assessment. This follows a 10-year career as an exploration and mine site geologist in
Australia covering base metals and gold. He holds a BSc (Hons) in Geology from
University of Wales College, Cardiff and an MSc (MinEx) from the Royal School of Mines
in London, and also holds 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 the entire spectrum of mining
companies with an extensive knowledge of the global resources market covering the
three main bourses, the Toronto Stock Exchange, AIM and the ASX. This knowledge
base was applied effectively as a Fund Manager at Oceanic Asset Management, where
he successfully managed the Australian Natural Resources Fund, an Open Ended
Investment Company (OEIC) traded in London. Mr Campion is also currently a Non-
Executive Director of the AIM quoted, Katoro Gold plc.
Laurence Read, Executive Director of FCR, today commented:
“The period under review saw the completion of the Company’s six hole exploration drill
programme at Toral with a number of key intersections returned. Mr Justin Tooth stepped down
from the Board and left the Company to pursue his other interests and we would like to take this
opportunity to thank him for his valuable work contributing to FCR’s development into a
European lead-zinc explorer.
“Post the quarter end, Myles Campion and I took the opportunity to undertake a full review of
FCR and its operations and we believe the pursuit of a maiden JORC 2012 resource estimate
for Toral is the correct decision for the Company in order to seek to realise value from the
project. Costs and all aspects of the Group’s operations are being reviewed to enable us to
focus our resources towards meaningful geological and economic evaluation work.
“I am delighted that Myles agreed to join the Board as he brings both real experience in
developing exploration assets and a proven mineral investment track record to FCR.
“We are exploring the promising Toral project at a point when zinc prices are at all time high
and our task is to quantify and confirm the significant grades and size of the project suggested
from the significant third party historic exploration work. FCR will seek to build value from
delivering an independent JORC 2012 resource estimate for Toral, which has already had over
44,000 metres of drilling undertaken on the licence area. We aim to demonstrate the economic
viability of Toral as a potential producing asset bringing into account different mining
approaches, its metallurgical properties and its proximity to major infrastructure in a European
jurisdiction.”
Exploration Interests
The following listing of tenements held is provided in accordance with ASX Listing Rule 5.3 for
the quarter ended 30 September 2017:
Project Location Right Number Right Status Holder Percentage
Interest
Toral León Province, 15.199 Investigation GoldQuest 100%
Spain Permit Iberica, S.L.
100%
Lago Galicia Province, Lago II 6.056 Exploration GoldQuest
Permit in Iberica, S.L.
Spain
progress
Lago III 6.058 Investigation
Permit in
progress
No tenements were acquired or relinquished during the quarter.
For further information on the Company, please visit www.fcrexploration.com or
www.ferrumcrescent.com or contact:
Ferrum Crescent Limited
Grant Button, Chairman (Australia)
T: +61 8 9474 2995
Laurence Read, Executive Director (UK)
T: + 44 (0)20 3289 9923
Strand Hanson Limited (Nominated Adviser)
Rory Murphy / Matthew Chandler
T: +44 (0)20 7409 3494
Peterhouse Corporate Finance Limited (Broker)
Lucy Williams / Duncan Vasey / Heena Karani
T: +44 (0)20 7469 0930
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 5052
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.
APPENDIX 5B:
Competent person’s statement
The information contained in this announcement that relates to Exploration Results is based on
information compiled by Mr Juki Laurikko who is a Member of the European Federation of Geologists
which is a Recognised Professional Organisation for the purposes of the 2012 JORC Code. Mr Laurikko
is a Technical Consultant to the Company, and has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which he is undertaking to
qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves’. Mr Laurikko consents to the inclusion in this
announcement of the matters based on his information in the form and context in which they appear. Mr
Laurikko has also reviewed and approved the technical information in his capacity as a qualified person
under the AIM Rules.
Table 1: Appendix 5A ASX Listing Rules (JORC Code)
Section 1: Sampling Techniques and Data, Toral Project
Section 1: Sampling Techniques and Data, Diamond Drilling, Toral Project
Criteria Explanation Comments
Sampling
Nature and quality of sampling
techniques
(e.g. cut channels, random Diamond drilling
chips, or specific specialised
industry standard measurement
tools appropriate to the minerals
under investigation, such as
down hole gamma sondes, or
handheld XRF instruments,
etc.). These examples should
not be taken as limiting the
broad meaning of sampling.
Include reference to
measures taken to ensure Spacing variable due to location of existing access roads and suitable terrain.
sample representivity and the
appropriate calibration of any
measurement tools or
systems used.
Aspects of the determination of Drill hole locations were set out with high definition GPS,
mineralisation that are Material GEOMAX Zenith 35.
to the Public Report. In cases
where ‘industry standard’ work
has been done this would be Drill core was split in half and 1 metre samples, or shorter
relatively simple (e.g. ‘reverse due to lithological contacts, were packed and labelled into
circulation drilling plastic bags.
was used to obtain 1 m
samples from which 3 kg was Sample preparation was done at ALS Chemex in Spain and assayed for
pulverised to produce a 30 g multi-element analysis, ME ICP 41 (35 element). Samples with over 1% of
charge for fire assay’). In mineralisation were re-assayed using ME OG46.
other cases more explanation
may be required, such as
where there is coarse gold
that has inherent sampling
problems. Unusual
commodities or mineralisation
types (e.g. submarine
nodules) may warrant
disclosure of detailed
information.
Drilling Drill type (e.g. core, reverse Diamond drilling was conducted using a wireline rig, mounted on a crawler.
circulation, open-hole hammer, Drill bit sizes PQ and PQ3 were used and when the hole was expected to
techniques
rotary air blast, auger, Bangka, intersect mineralised zone, the core was recovered with a triple core barrel.
sonic, etc.) and details (e.g.
core diameter, triple or standard
tube, depth of diamond tails,
face sampling bit or other
type, whether core is oriented
and if so, by what method, etc.).
Drill sample Method of recording and
assessing core and chip Drill core was assembled in the core boxes and the real length of the drill
recovery sample recoveries and results run was measured with measuring tape to be able to calculate the core
assessed. recovery.
Measures taken to
Use of triple core barrel when intersecting expected mineralised zones.
maximize sample
recovery and ensure
representative nature of
the samples.
Whether a relationship exists Not applicable at this stage
between sample recovery and
grade and whether sample bias
may have occurred due to
preferential loss/gain of
fine/coarse material.
Logging Whether core and chip samples Drill logs digitally entered into the Company´s standard templates.
have been geologically and Logging is of sufficient quality to support Mineral resource estimation, however
geotechnically logged to a level at this stage (Company´s first six drill holes comprising 1,046m) the
of detail to support appropriate lithological/alteration and mineralogical features assisting modelling of the
Mineral Resource estimation, Mineral Resource are yet to be determined.
mining studies and metallurgical
studies.
Whether logging is qualitative or Quantitative logging of colour, grain size, weathering, structural fabric,
quantitative in nature. Core (or lithology, alteration type and sulfide mineralisation documented.
costean, channel, etc.)
photography
The total length and percentage All drill holes are logged using visual inspection. Information captured on paper
of the relevant intersections sheets and entered into company´s logging template.
logged.
Sub If core, whether cut or sawn and Mineralised zones of the core are split; one half core is sent for assaying and
whether quarter, half or all core the second is stored in the core box as a reference.
sampling
taken.
techniques
and sample
preparation If non core, whether riffled, Not applicable as entire sample is core.
tube sampled, rotary split, etc.
and whether sampled wet or
dry.
For all sample types, the nature, Sample preparation was done at ALS Chemex in Spain, using standard
quality and appropriateness of preparation technique suitable for multi-element analysis, ME ICP 41 (35
the sample preparation element). Samples with over 1% of ore grade were re-assayed using ME
technique. OG46.
Quality control procedures Standard, blanks, field samples and repeats (using also coarse split and pulp
adopted for all sub sampling reject) were inserted into the sample stream.
stages to maximise
representivity of samples.
Measures taken to ensure that Field duplicate (quarter core) samples were collected at 2 in 100 samples, as a
the sampling is representative rotating blank, standard, field duplicate and repeat sequence.
of the in situ material collected,
including for instance results for
field duplicate/second half
sampling.
Whether sample sizes are Samples are of 1 metre length or smaller (lithological contacts) or a quarter
appropriate to the grain size of core (field sample). Grain size of all samples are from medium to fine-grained.
the material being sampled.
Quality of The nature, quality and Assays were carried out by ALS Chemex in Spain, using standard
assay data appropriateness of the assaying preparation techniques suitable for multi-element analysis, ME ICP 41 (35
and and laboratory procedures used element). Samples with over 1% of ore grade were re-assayed using ME
laboratory and whether the technique is OG46.
tests considered partial or total.
For geophysical tools, Not applicable as no geophysical tools were used in this programme.
spectrometers, handheld XRF
instruments, etc., the
parameters used in determining
the analysis including
instrument make and model,
reading times, calibrations
factors applied and their
derivation, etc.
Nature of quality control The Company uses certified reference materials (CRM) and field duplicates in
procedures adopted (e.g. its QA/QC procedures. CRMs are sourced from
standards, blanks, duplicates, Labmix24 and 6 standards were inserted every 15 samples. Field Duplicate
external laboratory checks) and samples were taken at a nominal frequency of 2 in 100 samples. QA/QC also
whether acceptable levels of includes regularly inserted Pulp Blanks, 2 Coarse Blanks, 2 Pulp Repeats and
accuracy (i.e. lack of bias) and 2 Coarse Repeats in every 100 samples. No samples. No samples sent yet to
precision have been established. external laboratory.
No bias has been observed and accuracy/precision is believed to be
acceptable for quoting Exploration Results.
Verification The verification of significant No such verification conducted in respect of this announcement.
of sampling intersections by either
and independent or alternative
assaying company personnel.
The use of twinned holes. No twinned holes.
Documentation of primary data, Primary data was collected using the Company´s set of standard digital
data entry procedures, data templates.
verification, data storage
(physical and electronic)
protocols
Discuss any adjustment to No adjustment to assay data has been carried out.
assay data.
Location of Accuracy and quality of surveys Drill hole locations were set out with high definition GPS,
used to locate drill holes (collar GEOMAX Zenith 35 and down-hole deviation measures
data points were carried out by the drilling contractor using Maxibor
and down hole surveys),
trenches, mine workings and equipment.
other locations used in Mineral
Resource estimation.
Specification of the grid system Co-ordinates are presented in ETRS89 Zone 29.
used.
Quality and adequacy of Topographic control is based on published 1:5,000 topographic sheets for the
topographic control. region.
Data Data spacing for reporting of Drill hole spacing varies from 30m to 60m and was selected to use existing
spacing Exploration Results. access roads and to test continuation of the mineralisation documented in the
and old adits.
distribution
Whether the data spacing and The mineralized domains have not yet been explored sufficiently to
distribution is sufficient to demonstrate the continuity of the mineralized structures to support a definition
establish the degree of of Mineral Resource.
geological and grade continuity
appropriate for the Mineral
Resource and Ore Reserve
estimation procedure(s) and
Whether sample compositing No compositing has been applied yet to the exploration results.
has been applied
Orientation Whether the orientation of the The orientation of the mineralised structures has not yet been ascertained and
samples achieves unbiased drilling has been oriented perpendicular to the interpreted structure of the
of data in
sampling of possible structures mineralisation (observations from the old surface workings and adits).
relation to
and extent to which this is
geological
known, considering the deposit
structure
type,
If the relationship between the No orientation based sampling bias has been identified in the data at this
drilling orientation and the stage.
orientation of key mineralized
structures is considered to have
introduced a sampling bias, this
should be assessed and
reported if material
Sample The measures taken to ensure All samples were logged and checked on return from the field.
Security sample security. All samples were then stored in a secure building before being dispatched to
the laboratory via a reputable transport company.
Audits or The results of any audits or No audits or reviews have been carried out at this stage.
reviews reviews of sampling techniques
and data.
Section 2: Reporting of Exploration Results, Toral Project
Criteria JORC Code explanation Commentary
- Type, reference name/number, location - The Toral zinc-lead permit is located
Mineral tenement
and ownership including agreements or near Ponferrada in the west of the
and land tenure material issues with third parties such as province of León, Autonomous
status joint ventures, partnerships, overriding Community of Castile and León, Spain
royalties, native title interests, historical approximately 400 km northwest of
sites, wilderness or national park and Madrid.
environmental settings. - The project is a licence covering 20
km2.
- The security of the tenure held at the - There are no known impediments to the
time of reporting along with any known licence security.
impediments to obtaining a licence to
operate in the area.
- Acknowledgment and appraisal of - Between 1975 and 1985, the
Exploration done exploration by other parties. Adaro/Peñarroya joint venture carried
by other parties
out exploration on the four separate
licences which now correspond,
approximately, to the Toral permit
area. Over a period of nine years, a
topographical survey, geological
mapping, a hydrogeological study and
more than 40,000m of diamond drilling
(62 holes and 41 wedges) were carried
out.
- Lundin Mining S.L. (Lundin) acquired
the Toral investigation permit no. 15.199
in 2007 and commenced exploration in
April 2007. Lundin compiled the
information collected by the previous
licence holders including: o a review of
the available geological maps, plans,
sections and assays; o surveying old
workings, old drill pads, and drill hole
locations; and, a study of the existing
Peñarroya/Adaro drill holes, description,
photography. In addition, samples of
drill core were sent to ALS Chemex in
Canada in order to validate the reliability
of the existing assays and exploration
information was digitised. The results of
Lundin’s preliminary work confirmed the
mineral potential of the Toral area.
However, it was apparent that the
continuity and the thickness of the
mineralisation were insufficiently
detailed. Consequently, an exploration
programme was designed to add
information to the data set for a better
understanding of the deposit. In 2007 to
2009, seven diamond holes for a total of
4,523.7m were drilled for the purpose of
confirming the continuity of the
mineralisation in the San Jose area of
the Toral permit and also to test the
possibility of an extension of the
mineralisation at depth. GoldQuest
acquired Lundin, including the Toral
permit, in January 2010.
- During 2011 and 2012, GoldQuest
conducted systematic geological
mapping and soil sampling.
- Deposit type, geological setting and style - The Toral permit is located in the West
Geology of mineralisation. Asturian Leonese Zone (WALZ), one of
the tectonostratigraphic units in the
Variscan (or Hercynian) Orogen of the
north-western portion of the Iberian
Peninsula. Within the WALZ, the
permit area is located in the domain of
the Mondoñedo Mantle. The most
significant mineralisation is found in the
upper carbonate layers of the Vegadeo
Formation, at the contact between the
Vegadeo Formation and the younger
Los Cabos Series. The mineralisation
comprises sulphides interbedded in
limestones and dolomites, within a
silicified facies, and in chloritic
breccias. The mineralisation is
epigenetic and formed during a
metamorphic episode within the
Hercynian Orogeny. The sulphide
mineral assemblage comprises
sphalerite, galena, pyrite and
chalcopyrite.
- Drill hole - A summary of all information material to - The details of drill holes material to the
Information the understanding of the exploration exploration results are reported in the
results including a tabulation of the body of the announcement and also in
following information for all Material drill Table 2 below.
holes: - All drill hole collar locations, easting and
- easting and northing of the drill hole northing are given in UTM 21, ETRS89
collar grid, collar elevations (m), dip (°) and
- elevation or RL (Reduced Level – azimuth (UTM), down hole length (m).
elevation above sea level in metres) of
the drill hole collar
- dip and azimuth of the hole
- down hole length and interception depth
- hole length.
- Data - In reporting Exploration Results, - The weighted average of the
aggregation weighting averaging techniques, mineralised intervals was calculated by
methods maximum and/or minimum grade multiplying the assay of each drill
truncations (eg cutting of high grades) sample by the length of each sample
and cut-off grades are usually Material and dividing the sum of the product by
and should be stated. the down hole length sum of the
- Where aggregate intercepts incorporate mineralised interval.
short lengths of high grade results and - No metal equivalent values have been
longer lengths of low grade results, the reported.
procedure used for such aggregation - Continuous anomaly zones reported in
should be stated and some typical Table 2 are at >0.05% of combined
examples of such aggregations should Pb+Zn grade.
be shown in detail.
- The assumptions used for any reporting
of metal equivalent values should be
clearly stated.
- Relationship - These relationships are particularly - As stated in the announcement, all
between important in the reporting of Exploration lengths shown including those in Table
mineralisation Results. 2 are down hole measurements with
widths and - If the geometry of the mineralisation with true widths not known.
intercept respect to the drill hole angle is known,
lengths its nature should be reported.
- If it is not known and only the down hole
lengths are reported, there should be a
clear statement to this effect (eg ‘down
hole length, true width not known’).
- Diagrams - Appropriate maps and sections (with - Please see Table 2 showing the
scales) and tabulations of intercepts tabulation of the significant assay
should be included for any significant results.
discovery being reported. These should
include, but not be limited to a plan view
of drill hole collar locations and
appropriate sectional views.
- Balanced - Where comprehensive reporting of all - The selected drill hole results reported
reporting Exploration Results is not practicable, here are stated as being those of the
representative reporting of both low and highest grades out of this drill
high grades and/or widths should be programme.
practiced to avoid misleading reporting of
Exploration Results.
- Other - Other exploration data, if meaningful and - No other substantive data has been
substantive material, should be reported including omitted in the context of the
exploration (but not limited to): geological announcement. Any material
data observations; geophysical survey results; observations arising from further data
geochemical survey results; bulk reviews will be reported in due course.
samples – size and method of treatment;
metallurgical test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.
- Further work - The nature and scale of planned further - Follow-up work is planned to evaluate
work (eg tests for lateral extensions or further the data from this and earlier
depth extensions or large-scale step-out programmes and will be reported with
drilling). diagrams in due course.
- Diagrams clearly highlighting the areas - The next exploration programme will
of possible extensions, including the include further modelling, drilling and
main geological interpretations and metallurgical work.
future drilling areas, provided this
information is not commercially sensitive.
Table 2: Toral Project Drilling Results
Drill-hole information
Hole ID Hole Type Depth Dip Azimuth Grid East North RL EPM
(m)
TOR17008 DDR 108.5 -45 211.5 ETRS89 680958.59 4710012.46 468.44 Toral 15.199
TOR17009 DDR 235.3 -45 196.7 ETRS89 680982.73 4710058.36 456.25 Toral 15.199
TOR17010 DDR 120.0 -45 197.5 ETRS89 680936.14 4710048.76 441.60 Toral 15.199
TOR17011 DDR 83.2 -45 208.0 ETRS89 680867.59 4710054.13 416.54 Toral 15.199
TOR17012 DDR 259.0 -50 28.0 ETRS89 680716.93 4709924.96 416.54 Toral 15.199
TOR17013 DDR 240.9 -50 190.2 ETRS89 681038.30 4710093.19 458.07 Toral 15.199
Significant Intercepts
Drillhole From to length (m) Pb % Zn % Pb+Zn %
TOR17009 140.35 141.35 1.0 1.22 9.77 10.99
TOR17009 141.35 142.35 1.0 3.26 1.45 4.71
TOR17009 140.35 142.35 2.0 2.24 5.61 7.85
continuous anomaly zone of Pb+Zn >0.05%
TOR17009 134.35 144.35 10.0
Drillhole From to length (m) Pb % Zn % Pb+Zn %
TOR17012 176.3 177.3 1.0 0.67 16.10 16.77
TOR17012 177.3 178.3 1.0 0.54 1.33 1.87
TOR17012 178.3 179.3 1.0 0.72 1.95 2.66
TOR17012 176.3 179.3 3.0 0.64 6.46 7.10
TOR17012 175.3 185.3 10.0 continuous anomaly zone of Pb+Zn >0.05%
Drillhole From to length (m) Pb % Zn % Pb+Zn %
TOR17013 195.8 196.8 1.0 9.29 9.11 18.40
TOR17013 196.8 197.8 1.0 2.29 0.87 3.16
TOR17013 197.8 198.8 1.0 6.51 6.5 13.01
TOR17013 195.8 198.8 3.0 6.03 5.49 11.52
TOR17013 193.8 199.8 6.0 continuous anomaly zone of
Pb+Zn >0.05%
Date: 31/10/2017 09:00:00 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.