Fe : Cleansing Prospectus

For an offer of up to 20,000 Shares at an issue price of $0.028 per Share to raise up to $560 (before expenses) (Offer).

This is an important document that should be read in its entirety. If you do not understand it you should consult your professional advisers without delay. The Shares offered by this Prospectus should be considered highly speculative.

1. CORPORATE DIRECTORY 1
2. SUMMARY OF IMPORTANT DATES AND IMPORTANT NOTES 2
3. DETAILS OF THE OFFER 4
4. PURPOSE AND EFFECT OF THE OFFER 7
5. RIGHTS ATTACHING TO SHARES 8
6. RISK FACTORS 10
7. ADDITIONAL INFORMATION 18
8. DIRECTORS' AUTHORISATION 25
9. GLOSSARY 26

1. CORPORATE DIRECTORY

   Directors Antony Sage Non-Executive Chairman Kenneth Keogh Non-Executive Director Nicholas Sage Non-Executive Director	Registered Office Unit 3, 32 Harrogate Street West Leederville WA 6007 Telephone: + 61 8 6181 9793 Facsimile: +61 8 9380 9666 Website: www.felimited.com.au
   Company Secretary Eloise von Puttkammer ASX Code FEL	Share Registry* Link Market Services Level 12 QV1 Building 250 St Georges Tce Perth WA 6000 Telephone: +61 1300 554 474
   Solicitors Steinepreis Paganin Lawyers and Consultants Level 4, The Read Buildings 16 Milligan Street Perth WA 6000	Auditors* Ernst & Young 11 Mounts Bay Road Perth WA 6000

   * These entities have not been involved in the preparation of this Prospectus and have not consented to being named in this Prospectus. Their names are included for information purposes only.

2. SUMMARY OF IMPORTANT DATES AND IMPORTANT NOTES
3. Indicative Timetable

   Action	Date
   Lodgement of Prospectus with the ASIC and ASX	24 November 2017
   Opening Date	24 November 2017
   Closing Date*	5.00pm (WST) 24 November 2017
   Expected date for quotation of Shares issued under the Offer on ASX*	27 November 2017

   * The above dates are indicative only and may change without notice. The Directors reserve the right to vary these dates, including the Closing Date, without notice. The Company also reserves the right not to proceed with the Offer at any time before the issue of Shares to applicants.

4. Important Notes

   This Prospectus is dated 24 November 2017 and was lodged with the ASIC on that date. The ASIC, the ASX and their officers take no responsibility for the contents of this Prospectus or the merits of the investment to which this Prospectus relates.

   No Shares may be issued on the basis of this Prospectus later than 13 months after the date of this Prospectus.

   The Offer is only available to those who are personally invited to accept the Offer. Applications for Shares offered pursuant to this Prospectus can only be submitted on an original Application Form which accompanies this Prospectus.

   This Prospectus is a transaction specific prospectus for an offer of continuously quoted securities (as defined in the Corporations Act) and has been prepared in accordance with section 713 of the Corporations Act. It does not contain the same level of disclosure as an initial public offering prospectus. In making representations in this Prospectus, regard has been had to the fact that the Company is a disclosing entity for the purposes of the Corporations Act and certain matters may reasonably be expected to be known to investors and professional advisers whom potential investors may consult.

5. Investment Advice

   This Prospectus does not provide investment advice and has been prepared without taking account of your financial objectives, financial situation or particular needs (including financial or taxation issues). You should seek professional investment advice before subscribing for Shares under this Prospectus.

6. Risk factors

7. Potential investors should be aware that subscribing for Shares in the Company involves a number of risks. The key risk factors of which investors should be aware are set out in the Section 6 of this Prospectus. These risks together with other general risks applicable to all investments in listed securities not specifically referred to, may affect the value of the Shares in the future. Accordingly, an investment in the Company should be considered highly speculative. Investors should consider consulting their professional advisers before deciding whether to apply for Shares pursuant to this Prospectus.