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A.C.N. 097 532 137

Suite 6, Ground Floor, South Mill Centre, 9 Bowman St

Share code FCR on the ASX, AIM and the JSE


PO Box 189, South Perth, WA 6951

Tel: +61 8 9474 2995 Fax: +61 9474 2937

The formal notice of the general meeting will be dispatched to shareholders in

due course.

Commenting today Tom Revy, Managing Director of Ferrum Crescent,



With our Moonlight Project in South Africa subject to the current BFS funding

arrangement with Business Venture Investments No. 1709 (Proprietary)

Limited, a sister company of Ovation Capital, we are now focusing on our due

diligence exercise in respect of GoldQuest and its two highly prospective lead-

zinc assets in Spain.

“I am extremely pleased by the response from investors to the Subscription

which, I believe, reflects, amongst other things, the inherent quality of

GoldQuest’s lead zinc-assets located in a politically stable region. The

Subscription price of 0.12p was settled on Monday 22 February 2016 against

the Company’s then prevailing closing middle-market price of 0.16p per share

and we welcome the continued support and interest of our investor base in the

Company’s activities.

“Following the potential exercise of its Option in due course, Ferrum Crescent

can seek to rapidly exploit the significant pre-existing data available and define

maiden JORC Code compliant resource estimates for the Toral and Lago

Projects and conduct process testing work. Low cost resource delineation and

metallurgy work should then enable us to advance the exploration projects

within a short space of time.

“In the longer term, we are particularly interested by the size of the Toral Project

following our own, internal, assessment of the mineralisation to date and believe

that its significance may well have previously been overlooked. We are now

convening a general meeting to request shareholders to grant us the requisite

authorities to be in a position to be able to exercise the Option and then move

forward with a planned highly structured work programme on the Iberian

Projects to deliver on clearly defined, value accretive, objectives


For further information on the Company, please visit

or contact:

Australia enquiries:

UK enquiries:

Ferrum Crescent Limited

Tom Revy T: +61 8 9474 2995

Managing Director

Ferrum Crescent Limited

Laurence Read (UK representative)

T: +44 7557672432

Strand Hanson Limited

(Nominated Adviser)

Rory Murphy/Matthew Chandler

T: +44 20 7409 3494

Beaufort Securities Limited


Jon Belliss/Elliott Hance

T: +44 20 7382 8300

South Africa enquiries:

Bravura Capital (Pty) Ltd

(JSE Sponsor)

Doné Hattingh

T (direct)

: +27 11 459 5037