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Ferrum Crescent Limited

New structure to deliver cost effective strategy

8/09/2016

NEW STRATEGY. NEW START.

4

Key changes in 2016

Executive Chairman

Justin Tooth (UK), 20 years in equity markets and mining

Non-exec Director

Evan Kirby (Aus), 30 years in metallurgy, project development and design

Corporate team

Streamlined globally with UK operational oversight

Merlin Marr-Johnson

(UK consultant)

Geologist

Extensive Hispanic experience

Resources finance professional

Moonlight iron ore project, South Africa

PFS complete; BFS starting soon,

Farm-out underway, new partnerships

Option to acquire Toral &

Lago zinc projects, Spain

Low-cost, rapid development