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FERRUM CRESCENT LIMITED - Directorate Changes - Appointment of Chairman

Release Date: 12/01/2018 09:00
Code(s): FCR     PDF:  
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Directorate Changes - Appointment of Chairman

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, AIM and JSE: FCR
Australian ISIN: AU000000WRL8
South African ISIN: AU000000FCR2

12th January 2018


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

                    Directorate Changes - Appointment of Chairman

FCR, the European lead-zinc explorer, is pleased to announce that Mr Colin Bird has been appointed
to the Board of the Company, as a Non-Executive Director and Chairman, with immediate effect. Mr
Grant Button, interim Non-Executive Chairman, will resume his former role as Non-Executive Director.

The appointment of Mr Bird continues the process of strengthening the FCR Board as the Company
progresses its wholly owned Toral lead-zinc and associated metals project in the Province of Léon,
Spain.    As     Non-Executive       Chairman     and    a   supportive      shareholder of    FCR,
Mr Bird brings a wealth of experience of successfully developing natural resource companies through
value realisation from both transactions and production. The Board welcomes his valuable input and
guidance as it seeks to cost effectively advance its European asset portfolio.

The Company remains on schedule to publish a maiden independent JORC (2012) resource estimate
for Toral by the end of January 2018.

Mr Bird is a chartered mining engineer with extensive multi-commodity mine management experience
in Africa, Europe, Latin America and the Middle East. Mr Bird’s operational and corporate experience,
includes the development of the Jubilee Metals Group production portfolio, concentrating on Platinum
Group Metals in South Africa, in addition to the successful sale of Kiwara plc. Kiwara plc was sold to
First Quantum Minerals (TSX: FM) for US$260 million in November 2009, whilst its project was
undertaking infill drilling at the Kalumbila copper-nickel deposit in north-western Zambia.


The following additional information is provided in accordance with paragraph (g) of Schedule Two of
the AIM Rules for Companies in relation to the appointment of Mr Bird:

Colin Bird (aged 74)

  Current Directorships / Partnerships              Past Directorships / Partnerships (last 5 years)
  African Pioneer Plc                               1 Tara Bar and Restaurant CC
  Bird Leisure and Admin (Pty) Ltd                  Add X Trading 810 CC
  Braemore Resources Ltd                            Afminco (Pty) Ltd
  Dullstroom Plats (Pty) Ltd                        Dialyn Café CC
  Galagen (Pty) Ltd                                 Emanual Mining and Exploration (Pty) Ltd
  Galileo Resources Plc                             Isigidi Trading 413 CC
  Galileo Resources South Africa (Pty) Ltd          Jubilee Smelting & Refining (Pty) Ltd
  Glenover Phosphate (Pty) Ltd                      Mokopane Mining & Exploration (Pty) Ltd
  Holyrood Platinum (Pty) Ltd                       NDN Properties CC
  Jubilee Metals Group Plc                          Orogen Gold Plc
  Jubilee Tailings Treatment Company (Pty) Ltd      Pilanesberg Mining Co (Pty) Ltd
  Lion Mining Finance Ltd                           Pioneer Coal (Pty) Ltd
  M.I.T. Ventures Group                             PowerAlt (Pty) Ltd
  Maude Mining & Exploration (Pty) Ltd              SacOil Holdings Ltd
  New Age Metals Inc                                Sovereign Energy Plc
  NewPlats (Tjate) (Pty) Ltd
  Revelo Resources Corp
  Tiger Resource Finance Plc
  Tjate Platinum Corporation (Pty) Ltd
  Umhlanga Lighthouse Café CC
  Windsor Platinum Investments (Pty) Ltd
  Xtract Resources Plc

Mr Bird holds an interest in 50,000,000 ordinary shares in the Company, representing approximately
1.64 per cent of the existing issued ordinary shares.

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule
Two to the AIM Rules for Companies.


Commenting today, Mr Laurence Read, Executive Director, said:

“The appointment of Colin to the FCR Board brings a wealth of operational and transactional experience
to the Company as we look to progress our 100% owned Toral lead-zinc and associated metals project
in Spain. Our objective is to realise shareholder value from targeted exploration activities on our
promising portfolio assets and we look forward to Colin’s assistance and guidance in this regard. We
look forward to announcing a maiden JORC (2012) resource estimate for Toral in the near term.”


Colin Bird, Chairman, went onto say;


“I am pleased to be joining Ferrum Crescent which is a highly focused company with a developing
European lead zinc portfolio. The management team has a highly motivated approach to the Spanish
lead Zinc Toral project, which is a project with strong underlying fundamentals and numerous upside
potential. Additionally I perceive a European renaissance in base metal mining and the team is well
equipped to search out, acquire and develop European base metal opportunities.”

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


Ferrum Crescent Limited
Grant Button, Non-Executive Director (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 (‘MAR’).
                                                                                                                                        Rule 3.19A.1


                                                        Appendix 3X
                                           Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents
given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.




Ferrum Crescent Ltd

ABN 58097532137



We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for
the director for the purposes of section 205G of the Corporations Act.



   Name of Director                                          Colin Bird

   Date of appointment                                       11 January 2018



Part 1 - Director’s relevant interests in securities of which the director is the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust



Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in
this part.




   Number & class of securities


   Colin Bird 50,000,000 ordinary shares
Part 2 – Director’s relevant interests in securities of which the director is not the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust




   Name of holder & nature of interest                       Number & class of Securities
   Note: Provide details of the circumstances giving
   rise to the relevant interest.




   African Pioneer Resources Plc                             130,499,858 ordinary shares




Part 3 – Director’s interests in contracts


Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed
in this part.




   Detail of contract                                        none

   Nature of interest                                        none




   Name of registered holder                                 none

   (if issued securities)
  No. and class of securities to which   none
  interest relates




+ See chapter 19 for defined terms.

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