Ferrum Crescent Limited announced that Mr. Justin Tooth, Executive Chairman, has resigned from the board of directors of the company with immediate effect, in order to pursue his other business interests. Mr. Grant Button, currently a non-executive director of the Company and the company secretary, residing in Australia, will assume the role of non-executive Chairman, also with immediate effect. Mr. Laurence Read, previously a non-executive director, residing in the United Kingdom, will become an executive director and work alongside the Board, with the company's geological team and consultants.