12th January 2018
Ferrum Crescent Limited
("FCR", the "Company" or the "Group")(ASX, AIM, JSE: FCR)
Directorate Changes - Appointment of Chairman
FCR, the European lead-zinc explorer, is pleased to announce that Mr Colin Bird has been appointed to the Board of the Company, as a Non-Executive Director and Chairman, with immediate effect. Mr Grant Button, interim Non-Executive Chairman, will resume his former role as Non-Executive Director.
The appointment of Mr Bird continues the process of strengthening the FCR Board as the Company progresses its wholly owned Toral lead-zinc and associated metals project in the Province of Léon, Spain. As Non-Executive Chairman and a supportive shareholder of FCR, Mr Bird brings a wealth of experience of successfully developing natural resource companies through value realisation from both transactions and production. The Board welcomes his valuable input and guidance as it seeks to cost effectively advance its European asset portfolio.
The Company remains on schedule to publish a maiden independent JORC (2012) resource estimate for Toral by the end of January 2018.
Mr Bird is a chartered mining engineer with extensive multi-commodity mine management experience in Africa, Europe, Latin America and the Middle East. Mr Bird's operational and corporate experience, includes the development of the Jubilee Metals Group production portfolio, concentrating on Platinum Group Metals in South Africa, in addition to the successful sale of Kiwara plc. Kiwara plc was sold to First Quantum Minerals (TSX: FM) for US$260 million in November 2009, whilst its project was undertaking infill drilling at the Kalumbila copper-nickel deposit in north-western Zambia.
The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to the appointment of Mr Bird:
Colin Bird (aged 74)Current Directorships / Partnerships African Pioneer Plc
Bird Leisure and Admin (Pty) Ltd Braemore Resources Ltd Dullstroom Plats (Pty) Ltd Galagen (Pty) Ltd Galileo Resources Plc
Galileo Resources South Africa (Pty) Ltd Glenover Phosphate (Pty) Ltd
Holyrood Platinum (Pty) Ltd Jubilee Metals Group Plc
Jubilee Tailings Treatment Company (Pty) Ltd Lion Mining Finance Ltd
M.I.T. Ventures Group
Maude Mining & Exploration (Pty) Ltd New Age Metals Inc
NewPlats (Tjate) (Pty) Ltd Revelo Resources Corp
Past Directorships / Partnerships (last 5 years)
1 Tara Bar and Restaurant CC
Add X Trading 810 CC Afminco (Pty) Ltd Dialyn Café CC
Emanual Mining and Exploration (Pty) Ltd Isigidi Trading 413 CC
Jubilee Smelting & Refining (Pty) Ltd Mokopane Mining & Exploration (Pty) Ltd NDN Properties CC
Orogen Gold Plc
Pilanesberg Mining Co (Pty) Ltd Pioneer Coal (Pty) Ltd PowerAlt (Pty) Ltd SacOil Holdings Ltd Sovereign Energy Plc
Tiger Resource Finance Plc
Tjate Platinum Corporation (Pty) Ltd Umhlanga Lighthouse Café CC Windsor Platinum Investments (Pty) Ltd Xtract Resources Plc
Mr Bird holds an interest in 50,000,000 ordinary shares in the Company, representing approximately 1.64 per cent of the existing issued ordinary shares.
There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.
Commenting today, Mr Laurence Read, Executive Director, said:
"The appointment of Colin to the FCR Board brings a wealth of operational and transactional experience to the Company as we look to progress our 100% owned Toral lead-zinc and associated metals project in Spain. Our objective is to realise shareholder value from targeted exploration activities on our promising portfolio assets and we look forward to Colin's assistance and guidance in this regard. We look forward to announcing a maiden JORC (2012) resource estimate for Toral in the near term."
Colin Bird, Chairman, went onto say;
"I am pleased to be joining Ferrum Crescent which is a highly focused company with a developing European lead zinc portfolio. The management team has a highly motivated approach to the Spanish lead Zinc Toral project, which is a project with strong underlying fundamentals and numerous upside potential. Additionally I perceive a European renaissance in base metal mining and the team is well equipped to search out, acquire and develop European base metal opportunities."
Forfurtherinformationon theCompany,pleasevisit
www.fcrexploration.com
or
www.ferrumcrescent.com or contact:
Ferrum Crescent Limited
Grant Button, Non-Executive Director (Australia) T: +61 8 9474 2995
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
Peterhouse Corporate Finance Limited (Broker)
Lucy Williams / Duncan Vasey / Heena Karani
T: +44 (0)20 7469 0930
Beaufort Securities Limited (Broker)
Elliot Hance
T: +44 (0)20 7382 8300
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 ('MAR').
Ferrum Crescent Limited published this content on 12 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 January 2018 04:54:06 UTC.
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