Investor Conference

RNS Number : 6729G

Ferrex PLC

24 November 2015

 

Ferrex plc / Index: AIM / Epic: FRX / Sector: Mining

24 November 2015

Ferrex plc ('Ferrex' or 'the Company')

Investor Conference

Ferrex, the AIM listed resource development company, is pleased to announce that it will be attending the Gold, Bears & Traders Show at the Queen Elizabeth II Conference Centre in Westminster on Saturday 28 November 2015 from 9:00 am to 5:00 pm.  Managing Director Dave Reeves will be available to discuss the Company's recent activities, which include the acquisition of a gold production project in Australia which will deliver cash flow in Q2 2016 with no upfront expenditure.  Dave will also be presenting at 4.00pm in the Bronze breakout room.

To register to attend please follow the following link: http://www.goldandbears.com/. To secure one of five tickets please contact Elisabeth Cowell at St Brides Partners at [phone].

**ENDS**

For further information visit www.ferrexplc.com or contact the following: 

Dave Reeves	Ferrex plc	[e-mail] [phone]
Nominated Adviser
William Vandyk/David Hignell	Northland Capital Partners Limited	[phone]
Broker
Elliot Hance/Jonathon Belliss	Beaufort Securities Limited	[phone]
Financial PR
Felicity Winkles/ Elisabeth Cowell	St Brides Partners Limited	[phone]

Notes

Ferrex plc is an AIM quoted, resource development company.  The Company is focussed on advancing lowest quartile, low capex deposits which benefit from proximal established infrastructure up the development curve and into production.  Ferrex plans to commence production at its Australian Gold Project in Q2 2016 and then use this cashflow to develop the Nayega Manganese Project within nine months of securing the mining permit for the Project.  

At Nayega, Ferrex has concluded a Bankable Feasibility Study and expects award of the mining permit in 2015.  The Bankable Feasibility Study indicates that Nayega could produce 250,000 tonnes per year of manganese concentrate at 38%.  The Company is focussed on bringing the mine into production on grant of the mining permit as soon as possible to generate cashflows for the Company.  

The Company also holds iron ore and manganese projects in Gabon and South Africa and is actively assessing ways to realise value from these assets.

Ferrex has 1,100,794,390 shares in issue.  The Directors have subscribed for and purchased approximately 25.4% of the issued share capital of the Company and are thus aligned with shareholders' interests.

 

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