FCR - Ferrum Crescent - Aussie Stock Forums

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  1. #1

    Post FCR - Ferrum Crescent

    Ferrum Crescent Limited (FCR) owns 74% of the Turquoise Moon (Moonlight) Project in South Africa.

    Ferrum also has a substantial interest in the De Loskop prospecting project located approximately 150km east of Moonlight and only 50km north of Polokwane.


  2. #2
    Make the drill work for YOU springhill's Avatar
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    Jun 2007
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    Default Re: FCR - Ferrum Crescent

    MC - $19m
    SP - 6.5c
    Shares - 292m
    Options - 21.5m
    Cash - $3.4m

    Moonlight Iron Ore Project:
     New JORC compliant resource at Moonlight Iron Ore Project of 307.8 million tonnes @ 26.9% Fe
    o Inferred category of 172.1 Mt @ 25.3% Fe, Indicated of 83.0 Mt @ 27.4% Fe, Measured of 52.6 Mt @ 31.3% Fe
    o Substantial increase in the confidence and classification of the Mineral Resource
     The Mineral Corporation has also identified several prospective targets south, east and west of the Moonlight Deposit
     Mining right covering the farms “Moonlight”, “Julietta” and “Gouda Fontein” granted
     Aeromagnetic survey over the Julietta and Gouda Fontein farms consisting of 2,827 line km on 50m line spacing completed in June 2012 and currently being analysed by The Mineral Corporation
     Discussions to confirm logistical solutions (rail, power, water and port services) required for progressing detailed feasibility study continuing
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