Frontier Resources Limited announced resignation of chairman and director Peter McNeil as a director. Non Executive Director Paige McNeil has been appointed as NonExecutive Chairman. Mr. John Kirakar BSc has been appointed to the board as a Non Executive Director. John Kirakar acts as the Papua New Guinean (PNG) resident director of the company's two wholly owned subsidiaries Frontier Copper PNG Ltd. and Frontier Gold PNG Ltd. John is a geologist with 34 years professional experience working in all regions of PNG since 1981, including several field periods in Australia, New Zealand, Indonesia, Solomon Islands and Vanuatu.

The company also provided an update in relation to exploration activities. The company announced that Aimex Geophysics (Director Swiridiuk) completed an Aster satellite imagery study that delineated a total of 37 Aster targets (up to 31 Ha in size) that were recommended for future geochemical sampling and geological mapping. There were 17 anomalies at the Tingi Block, 13 at Baia and 7 at Cecelia. Lineament and volcanic structural features were plotted (over areas not obscured by cloud cover). Aster Targets are areas which have potentially been altered by mineralising fluids. The Muller (EL 2356) renewal Warden's Court Hearing was rescheduled for 6th March, 2018 in Tari, Southern Highlands Province however due to the recent 7.5 magnitude earthquake, the hearing has been further delayed until 17th April 2018. The proposed Muller and Bulago exploration programs have also been deferred due to the extra logistical issues created by the earthquake. The Muller Range exploration licence in the Western and Southern Highlands Provinces is about 150km south east from the Ok Tedi mine. The tenement is split into three separate areas which include the northern Tingi Block, central Baia Block and southern Cecelia Block. The northern Tingi Block (16 subblocks) contains the Tingi, or Tingi Valley, prospect with porphyry CuAuMo mineralisation, polymetallic (AuCuPbZnAg) skarns, breccia hosted basemetal mineralisation, fault controlled massive sulphides and gold veining. The central Baia Block (13 subblock) contains the large porphyry Baia prospect, with a coppergoldmolybdenum in soils anomaly and small skarns present. Historical exploration by Barrick confirmed Baia as a weakly mineralised porphyry system dominated by propylitic and structurally controlled phyllic alteration. Within the southern Cecelia Block (27 subblocks; Figure 2), the northernmost Cecelia prospect has historical outcrop rock samples of 0.62% copper. Strong argillic and propylitic alteration has been covered by recent agglomerate with pebble dykes being common. Two rock chip samples taken between 198688 are of advanced argillic alteration returning 0.616 g/t gold and 710 ppm copper. This report focusses on utilising Aster satellite imagery to map lineaments and circular volcanic features; and to define targets related to clay alteration (i.e., minerals such as kaolinite, dickite, smectite are known to be associated with gold and copper deposits) and variations related to jarosite/hematite iron oxides. Historical surface geochemistry has been utilised to determine any anomalous gold related to any of the selected Aster target areas in the Tingi Block. A total of 37 Aster targets (17 Tingi Block: 13 Baia Block targets: 7 Cecelia Block) were selected in size up to 31 Ha. Lineament and volcanic structural features have been plotted over areas not obscured by cloud cover. Aster Targets are areas which have potentially been altered by mineralising fluids and are recommended for future geochemical sampling and geological mapping.