Elmore Limited Announces Resignation of Mr. Peter Richards as Chairman and Non-Executive Director

Elmore Limited is an Australia-based contract mineral processing and development company which employs mobile plant and equipment. The Company is engaged in the development of niche orebodies and mining projects. The Company provides geological; metallurgical and process engineering; occupational, health and safety (OH&S); mechanical and mining engineering consulting services, and advice to the mining industry. It is engaged in the assessment, development and processing of the Peko Iron Ore and Gold Project in Australia. It owns Peko Iron Ore and Gold Project, which is located in the Tennant Creek region in the Northern Territory. The Project consists of around 3.75 million tons of tailings containing magnetite, gold, copper and cobalt, plus in-ground and stockpiled gold-bearing ore resources. Its operations are located 12 kilometers (km) from the Adelaide-Darwin railway and 10 km from the town of Tennant Creek with sealed roads connect the mine to a rail siding and stockpile area.