FERRUM CRESCENT LIMITED - Appointment of Mining Sense Consultancy

Appointment of Mining Sense Consultancy

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




23 April 2018

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

                       Appointment of Mining Sense Consultancy

FCR, the European lead-zinc explorer, today announces that it has engaged the services of Mining
Sense Consulting (“Mining Sense”) (www.miningsenseconsulting.com), a Spanish consultancy
company to the mining industry, to complement the existing operational team focused on the Toral
lead, zinc and silver project, located in the Province of Leon, Spain (the “Toral Project”).

Mining Sense’s Technical Director, Jesús Montero, will lead the consultancy team dedicated to the
Toral Project. Working alongside the Company’s existing in-country management, under the
direction of Myles Campion, Group Technical Director, Mining Sense will assist with:

   •   Preperation of exploration drilling sites and contracting drilling operators;
   •   Undertaking first desktop study on local area and industrial operations; and
   •   Agreeing Preliminary Economic Assessment (PEA) parameters and schedule for
       completion

The Mining Sense team will be embedded within the operations team at the Toral Project and will
work with the Company to pursue its stated objectives of:

   •   Providing a preliminary economical assessment and conceptual mine plan for the Toral
       Project
   •   Drilling the eastern extension to identify further resources
   •   Assess development pathways for potentially bringing the Toral Project into production

Whilst Mining Sense has already begun work for the Company in respect of the Toral Project,
agreement on contractual payment terms for the work to the scope set out above is subject to the
Company receiving approval for the issue of new ordinary shares in the Company to raise up to
£1,000,000 (gross) pursuant to the conditional fundraising announced on 21 March 2018, at the
Company’s forthcoming general meeting on 21 May 2018.

Jesús Montero is a mining engineer, specialising in mine planning and design, with over 15 years
industry experience working on exploration to production projects. Mr Montero has been involved
in the design and development of two flagship mining projects in Spain; Berkeley Energia’s
Uranium project in Salamanca and the Cobre Las Cruces Copper Mine near Seville.
Over the last five years, Mr Montero has driven the mining studies and initial construction of the
Berkeley Energia’s Salamanca project as Mining Manager. Following the publication of a Definitive
Feasibility Study, the project is now being fast tracked into production, with full construction
currently underway.

Myles Campion, Group Technical Director, commented today:
“We welcome Mining Sense and Mr Montero to the team we are building at Toral. Jesús brings
with him the technical capabilities of Mining Sense as a group, and also significant first hand
development experience in Spain. This is a great first step on the road to defining and developing
our Pb/Zn deposit at Toral.”



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

Ferrum Crescent Limited
Dan Smith, Non-Executive Director and Company Secretary (Australia)
T: +61 417 978 955

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

Turner Pope Investments Limited (Joint Broker)
Andy Thacker
T: +44(0)0203 621 4120

Peterhouse Corporate Finance Limited (Joint Broker)
Lucy Williams / Duncan Vasey / Heena Karani
T: +44 (0)20 7469 0930

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.

Date: 23/04/2018 08:30:00 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.