The Board of Eastern Iron Limited announced that Mr. Myles Fang has resigned from his executive role as Acting CEO of the Company. Mr. Fang was appointed to the Board of Eastern Iron on 12 March 2018 and the Board has resolved that Mr. Fang should remain as a nonexecutive director until the forthcoming AGM where he is eligible for election by shareholders. Mr. Fang's resignation is part of a cash conservation strategy being pursued by the Board to maximise the resources available to the Company for investment into its existing and future projects.