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CUFE LTD — Capital/Financing Update 2018
May 30, 2018
64723_rns_2018-05-30_494fafd1-062e-4e4d-9a5c-9d6af4cfd39f.pdf
Capital/Financing Update
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ASX Announcement
31 May 2018
Iron Ore Royalty Received
Australian Securities Exchange Code: FEL
Ordinary Shares: 370,877,963
Board of Directors: Tony Sage Non-Executive Chairman Kenneth Keogh Non-Executive Director Nicholas Sage Non-Executive Director
Fe Limited ( Company ) (ASX: FEL ) advises that it has received a royalty payment of $41,901 in relation to mining conducted by Cliffs Asia Pacific Iron Ore Pty Ltd ( Cliffs ) at its Deception iron ore mine on Cliffs’ M77/1259 during the March 2018 quarter.
FEL holds a 1.5% Dry Metric Tonne, FOB Royalty (Evanston Iron Ore Royalty) in respect to M77/1259 that is located approximately 20kms north of Cliffs’ Windarling mine. The Evanston Iron Ore Royalty area is located in the Southern Yilgarn Iron Province of Western Australia. Cliffs has advised that with the decision by Cliffs’ parent company, Cleveland-Cliffs Inc, to exit from its Australian business during 2018 this has resulted in the cessation of mining at Deception and the closure of the Deception site.
Yours faithfully FE LIMITED
Tony Sage Non-Executive Chairman
Contact: www.felimited.com.au 32 Harrogate St, West Leederville Western Australia 6007 Australia Telephone +61 8 6181 9793 Email [email protected]
Fe Limited is an Australian domiciled mineral resources exploration and development company.
Fe Limited ABN: 31 112 731 638
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felimited.com.au