Moonlight

• Ferrum Crescent Limited (ASX Code: FCR) owns 74% of the Turquoise Moon Project in South Africa.
• The Company has a South African partner with extensive experience in the mining industry there.
• Historical Project data has been verified by confirmation drilling and resource estimates, resulting in an initial JORC-compliant resource estimate of 310Mt comprising of 240Mt @ 28% Fe in the Inferred category and 70Mt @ 34% Fe upgraded by drilling from the Inferred to the Indicated category.
  There remains significant scope to increase the Indicated resource through further verification drilling (in-fill).
• The Indicated resource meets 20 year production requirements allowing the company to immediately commence preparation work for a new order Mining Right.
• Ferrum has commissioned ProMet Engineers to complete the detailed scoping study.
• Results from preliminary metallurgical test work are exceptional, with high recoveries and extremely low contaminant levels.
• The Project's magnetite grain size is coarser than in comparable deposits worldwide, so production of a commercial concentrate will cost less and require less energy.
• The potential viability of iron production of 1 million tonnes per annum on site in the form of pig iron or magnetite pellets has been verified.
• The Company is in discussions with a number of potential strategic development partners, including technology suppliers and steel producers.

De Loskop

• Ferrum as part of its prospecting right also holds a substantial interest in the De Loskop prospect located approximately 150km east of Moonlight and only 50km north of Polokwane.
• The De Loskop prospect has the potential for an additional 200 - 1000Mt of iron ore mineralisation with metallurgical characteristics similar to Moonlight.
• Due to the close proximity of Polokwane, there is access to established infrastructure and the prospect will be explored in greater detail in the near future.