ASX Announcement

14 August 2018

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

Contact:www.felimited.com.au

32 Harrogate St, West Leederville Western Australia 6007 Australia Telephone +61 8 6181 9793 Emailinfo@felimited.com.au

Fe Limited is an Australian domiciled mineral resources exploration and development company.

Fe Limited

ABN: 31 112 731 638

Sandfire acquires IGO's Farm-in interests inAlchemy's Bryan Basin Project, WA

Fe Limited (Company) (ASX: FEL) is pleased to advise that Sandfire Resources NL (ASX:SFR) have signed an agreement with Alchemy Resources Limited (Alchemy) (ASX:ALY) to acquire Independence Gold NL's (ASX:IGO) Farm-in Rights over base metals in the Bryan Basin Project.

The agreement with Sandfire is expected to result in a significant ramp up of exploration within the base metal prospective area of the Bryan Basin Project. FEL hold a 20% interest, free-carried to a decision to mine, in a joint venture area of which key terms remain unchanged from the previous letter agreement with IGO.

The full announcement can be found at ASX (ALY announcement dated 6 August 2018) and Alchemy's website.

Yours faithfully

FE LIMITED

Tony Sage Non-Executive Chairman

felimited.com.au

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Fe Limited published this content on 14 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 August 2018 22:50:02 UTC