Crater Gold Mining Ltd Announces That Alex Molyneux, Previously Proposes to Become the Chairman of the Company, Would No Longer Be Taking That Role

Crater Gold Mining Limited is an Australia-based gold company focused on producing gold and developing gold and base metal projects in Papua New Guinea (PNG) and Australia. The Company's projects include Crater Mountain and Croydon project. The Crater Mountain project is a gold exploration and production project located in the Papua New Guinea Highlands approximately 50 kilometers southwest of Goroka. It comprises three contiguous exploration licenses, straddling the border between the Chimbu and Eastern Highland Provinces. The Croydon project consists of two sub-projects in far North West Queensland, the Croydon Polymetallic Project and the Croydon Gold Project. Gold mineralization at Croydon occurs in planar quartz veins, stockworks and breccias. The Company owns EPM18616 and EPM9438 tenements in the Croydon Gold Field.