ASX Code: EFE

Issued Capital: 411,900,378

Directors

Eddie King (Chairman) Therese-Marie Taylor (Non- executive Director)

Myles Fang (Non-executive Director)

Nathan Taylor (Alternate Director)

Address

Level 1, 80 Chandos Street St Leonards, NSW 2065

Postal

PO Box 956, Crows Nest NSW 1585

T:+61 2 9906 7751

Twitter: @EasternIronEFE

www.easterniron.com.au

QUARTERLY REPORT - March 2019

HIGHLIGHTS

•The Company and Ion Mining are currently renegotiating the terms of HOA for the Polish Cobalt Project.

•The Company continued to review several advanced exploration and near-development projects.

Eastern Iron Limited (ASX:EFE) is pleased to report on activities undertaken during the quarter ended 31 March 2019.

POLISH COBALT PROJECT

The Company is in the process of renegotiating the terms of the HOA for the Polish Cobalt Project with Ion Mining Pty Ltd.

NEW PROJECT SEARCH AND POTENTIAL ACQUISITION

The Company is actively reviewing opportunities to acquire an advanced exploration or near-development project. A number of projects have been evaluated, and the Company is currently in commercial discussion with various parties.

NOWA NOWA PROJECT

No exploration work was carried out on Nowa Nowa project.

FINANCIAL POSITION

Total exploration and evaluation expenditure for the quarter was $4,000. The cash balance at the end of the quarter was $625,000.

INVESTOR INFORMATION

Further information, previous Eastern Iron announcements and exploration updates are available at the

News and Reports tab on the Company's website - www.easterniron.com.au

Mr Myles Fang

Non-executive Director

T: 02 9906 7551

ASX: EFE

For enquiries on your shareholding or change of address please contact:

Boardroom Limited, GPO Box 3993, Sydney NSW 2001, Phone: (02) 9290 9600

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Eastern Iron Limited published this content on 24 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 April 2019 03:32:06 UTC