Communicators

Highlights:

-          Royalty payment due for the September quarter is $646k

30 October 2019 - Fe Limited (ASX: FEL) (FEL or the Company) is pleased to advise that the iron ore royalty payment for the September quarter from mining conducted by Mineral Resources Ltd (ASX: MIN) at its Deception iron ore mine, has increased 2.5 times from the June quarter payment with the Company to receive $645,775.

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 the Windarling mine. The Evanston Iron Ore Royalty area is located in the Southern Yilgarn Iron Province of Western Australia.

Commenting on the increased royalty payment Non-Executive Chairman, Tony Sage said “The significant increase to our royalty payment for the September quarter allows the Company the flexibility to expand our drilling activities at the prospective Hillside Project”.

Yours faithfully

FE LIMITED

Tony Sage

Non-Executive Chairman

For further information please contact:

Investor Relations

+61 8 6181 9793

ir@felimited.com.au

Fe Limited ABN: 31 112 731 638

32 Harrogate St, West Leederville, Western Australia 6007

Phone: +61 8 6181 9793

Email: admin@felimited.com.au