29th Apr 2015 11:53
LONDON (Alliance News) - Iron pellet project developer Ferrum Crescent Ltd Wednesday said it remains in talks with potential development partners on the Moonlight project in South Africa, having made progress on the site in the first quarter.
Ferrum said it is holding talks with potential development partners for the project, having formally terminated its agreement with Anvwar Asian Investments.
In the first quarter, Ferrum confirmed the A, B and C zones at Moonlight as the phase one development areas for a ten-year life-of-mine design, following the drilling programme conducted in the fourth quarter of 2014 and first quarter of this year.
Shares in Ferrum were down 1.6% to 0.615 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Ferrum Crescent