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Ferrum Crescent

16:51 on 21/11/2017

Current Price 0.07p | Bid 0.07p | Ask 0.08p | Change 0.00%

Company Overview

Ferrum Crescent Limited is an Australian company listed on the Australian Securities Exchange (ASX) and the AIM market of the London Stock Exchange. The Company seeks to capitalise on the future demand for iron and steel worldwide by producing iron products in the Republic of South Africa, for both the domestic and the export markets. Ferrum Crescent will maximise the beneficiation of iron ore product locally in line with the objectives of the Mineral and Petroleum Resources Development Act 2002 (South Africa). During the recent global rush for iron ore resources, South Africa, a relatively under-developed market, has been largely overlooked, prompting Ferrum to identify and pursue opportunities in South Africa. To that end, the Company has acquired a controlling interest in a South African company that holds the rights to significant iron ore deposits in South Africa. The Turquoise Moon Iron Project consists of two separate iron ore (magnetite) occurrences, the Moonlight Deposit and the De Loskop Prospect. The Moonlight Deposit consists of coarse-grained magnetite-quartz rocks that display the following features which set it apart from comparable magnetite deposits: * The ability to produce very high quality concentrates at a coarse grind size; * Exceptionally low level of detrimental elements in the concentrates; * Near surface mineralisation; * Low stripping ratios. The mineralisation is close to surface and consequently represents a low stripping ratio target with consequential mining cost benefits. The contained iron within the maiden Indicated Resource is sufficient to exceed 20 years' production. The Company also holds an interest in the De Loskop Prospect, which is located approximately 150k east of Moonlight and only 50k north of Polokwane, the regional service centre. The prospect contains a huge iron exploration target at a grade of between 30% Fe and 40% Fe. Being close to Polokwane, the De Loskop prospect has good infrastructure nearby and will be explored by the Company in greater detail in the near future.

Stock Details

EPIC FCR
ISIN AU000000FCR2
Shares in Issue 772,985,191
Market cap £ 2.16m
Sector Mining
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 30/06/2015

Turnover £0.02 million
Operating Profit £-1.32 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -0.56
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Key Personnel

Grant M Button Finance Director

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Price Summary

Mid Price ? 0.07p
Bid Price ? 0.07p
Ask Price ? 0.08p
Volume ? 9444138
Change Today 0.00p
% Change Today 0.00%
Open 0.07p
Previous Close 0.07p
Intraday High 0.07p
Intraday Low 0.07p
52 Week High 0.60p
52 Week Low 0.11p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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