New Broker Appointment

RNS Number : 6634Q

Ferrex PLC

24 October 2011

 



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

24 October 2011

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

New Broker Appointment

Ferrex plc, the AIM quoted iron ore and manganese development company focused in Africa, is pleased to announce that it has appointed Collins Stewart Europe Limited as its sole broker with immediate effect.

**ENDS**

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

Dave Reeves	Ferrex plc	+ 61 (0) 420 372 740
Russell Lamming	Ferrex plc	+ 44 (0) 781 0870 587
Colin Aaronson/ David Hignell	Grant Thornton Corporate Finance	[phone]
John Prior / Sebastian Jones	Collins Stewart Europe Limited	[phone]
Felicity Edwards	St Brides Media and Finance Ltd	[phone]

Notes

Ferrex plc is an AIM quoted exploration and development company focused on advancing low capex iron ore and manganese projects in Africa through the development cycle and into production.  Our current property portfolio comprises iron ore (Malelane) and manganese (Leinster) projects in South Africa and a manganese project (Changara) in Mozambique, all of which offer the potential for significant near-term value uplift.

The Company's growth strategy is centred on advancing its current assets, utilising its Board and management team's considerable experience in developing resource projects across Africa and expanding its portfolio through acquisitions to build Ferrex into a mid-tier, low-cost producer of iron ore and manganese.

 

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