Crater Gold Mining Limited announced that it has signed an agreement with Eagle Drilling NQ Pty Ltd. to commence a drilling program at the company's Croydon Projects in North Queensland. The recently completed Helicopter Electromagnetic Survey (HEM) program (ASX announcement released 5 October 2022 titled "Preliminary HEM results identify high priority targets at the Croydon Project, Nth Qld) identified a number of high priority targets. A number of these targets will be tested with an initial program of RC drilling.

The locations and the number of drill holes is currently being finalized. The details of the drilling program will be announced closer to the start date of the drilling.