Ferrum Crescent Limited is an Australia-based iron ore company with listings on the Australian Securities Exchange (ASX), the London Stock Exchange and the Johannesburg Stock Exchange (JSE) in South Africa.

The company’s main venture is a controlling interest in a South African mining company which holds the rights to an iron ore deposit in the Moonlight Deposit of Limpopo. The deposit comprises coarse magnetite-quartz rock which produces high quality concentrates. Once production begins, the mine is forecast to have a 20 year life expectancy. The project concept involves mining and beneficiating, building a slurry pipeline, manufacturing a blast furnace and producing iron grade pellets for sale to export and domestic customers.

Planned production is 6 million tonnes per annum, with exported product railed from Thabazimbi to Richards Bay and then to customers. The Company has an off take agreement in place with Swiss-based Duferco SA. The live online stocks chart shows that Ferrum share price has not yet taken off, as economic conditions aren’t ideal for the company.

Ferrum is currently still in the process of studying the financing, construction and operation of the Moonlight Iron Ore Project. The 2015 financial year brought a loss of AUS$2.3 million. In 2016, the company completed a review and strategic re-focusing of the group’s assets and corporate structure, with farm-in and joint venture agreements in place to progress the Moonlight Project. Work carried out so far includes a pathway that identifies metallurgy, pilot plant construct and final product analysis. This will enable final costings to be produced for a mining plan and the proposed pellet plant.

The group has also been seeking to identify new project opportunities, and secured an option to buy 100% of GoldQuest Iberia, which owns two lead-zinc exploration projects in Spain. The company believes that prevailing market prices for lead and zinc are set to strengthen, underpinned by a fall in market supply. Being at a more advanced stage, the Toral Project in Spain has been touted as a more cost effective opportunity to enter the market, with significant exploration data already available.

The group has warned that there is no guarantee that exploration of any of its assets will result in success or that any potential acquisitions considered for the portfolio will become available.

With very little tangible activity, there is little for investors to base a decision on whether or not to buy Ferrum shares. After extensive restructuring and the farm-in and joint venture agreement in place, the group has said that it is well positioned for growth. There is some promise in the potential buy of GoldQuest and the development of the Moonlight Project, but investors can currently do little else but to take the company’s word or write it off. Ferrum shares are currently a prospect for adventurous investors who want to buy in at the current low price with the hopes that Ferrum share price gets off the ground.

Materials

Metals & Mining

Base metals

We have made it simple to buy JSE listed firm shares online. The easiest way to buy Ferrum Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Ferrum Group and assist you with the setup and management of your stock portfolio account.

1. Start by Filling in the BUY THIS SHARE form.
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