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ACN

097 532 137

Suite 6, Ground Floor, 9 Bowman Street

Share code FCR on the ASX, AIM and the JSE

SOUTH PERTH WA 6151, AUSTRALIA

www.ferrumcrescent.com

PO Box 189, South Perth, WA 6951

info@ferrumcrescent.com Tel: +61 8 9474 2995

Fax: +61 9474 2937

31 October 2016 

Ferrum Crescent Limited 

("Ferrum Crescent", the "Company" or the "Group")(ASX, AIM, JSE: FCR) 

Quarterly Activities and Cashflow Report 

For the period ended 30 September 2016 

Highlights   

Moonlight Iron Project  

Development options under review for potential reduced cost production pathways 

Study initiated on pelletising technology 

Review of product offtake agreements  

Transportation costing review for various product types  

Mining Right Annual Compliance Report completed and filed 

Memorandum of Agreement and co‐operation framework signed with Lephalale Local 

Municipality securing the necessary consents from local stakeholders for progression of the 

project into future development  

Spanish lead‐zinc exploration projects 

100% of the share capital of GoldQuest Iberica, S.L. ("

GoldQuest

") acquired by Ferrum 

Crescent following exercise of the Company’s exclusive option from TH Crestgate GmBH 

(“

Crestgate

”) on 22 September 2016  

Toral & Lago lead‐zinc exploration assets 100% owned by GoldQuest (the "

Spanish 

Projects

") 

Planned exploration work programme developed seeking to reinterpret the historic data 

package, including historic drill core samples and surface work with processing analysis to 

then be carried out  

Corporate 

£374,453 raised through a share placement with the net proceeds to be utilised for general 

working capital purposes and the progression of the Spanish Projects. 205,949,134 options, 

in aggregate, issued in connection with this fundraising entitling the holders to subscribe 

for new ordinary shares at a price of 0.30 pence per share for a two year period