Mayur Resources Limited has made key changes to its Board of Directors as the company continues its trajectory towards becoming a major industrial minerals and energy producer in Papua New Guinea (PNG). Mr. Charles Fear has been appointed as Non-Executive Chairman and Mr. Chris Indermaur as a Non-Executive Director. Mr. Fear is a highly experienced chartered accountant, business leader and Investment banker in the natural resources sector. He was a co-founder of Argonaut Limited, a full-service advisory, stockbroking and investment house, as well as being a former managing director of CIBC and director of Hartley Poynton Investment Banking. He is also a former partner of international accounting and consultancy group, KPMG. Mr. Fear assumes the role from Mr. Frank Terranova who has been acting as Chairman whilst a replacement for Mr. Rob Neale was found. Mr. Terranova will now also retire from the Mayur Board as a Non-Executive Director to focus on his role as Chairman of Adyton Resources, the TSX-V listed entity that was spun out from Mayur Resources earlier this year. Mr. Terranova has been a key member of the Mayur board since Mayur listed on the ASX in 2017. Mr. Indermaur has been appointed as a Non-Executive Director and brings a background in engineering, law and financial deal structuring, having overseen many large and complex energy and infrastructure transactions. This includes the development and implementation of the strategy to build Alinta's energy and power portfolio in Australia.