Further Nil-cost Extension of Option to Acquire Interests in Lead-Zinc Exploration Projects in Spain


Ferrum Crescent Limited

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

Further Nil-cost Extension of Option to Acquire Interests in Lead-Zinc Exploration Projects in Spain

Ferrum Crescent, the ASX, AIM and JSE quoted metals project developer, announces that, further to its announcements of 16 February 2016 and 22 July 2016, a second, nil-cost extension has been agreed and entered into in respect of the Company’s exclusive option to acquire 100 per cent. of GoldQuest Iberica, S.L. (“GoldQuest”), the sole owner of the Toral and Lago lead-zinc exploration projects in northern Spain (the “Option”).

Accordingly, the Option is now scheduled to expire on 30 September 2016 (or such later date as the parties may agree) and all other terms announced on 16 February 2016 remain unaltered.

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