Australian heavy rare earths producer, Northern Minerals Limited (ASX: NTU) (the Company) advise shareholders that Mr Colin McCavana has resigned from his position as Non-Executive Chairman and Non-Executive Director of Northern Minerals Limited.
Mr McCavana commented “as a founding director of Northern Minerals Ltd I am proud to have been involved in the development of the Company from a grassroots explorer to a producer of rare earth carbonate from the Browns Range rare earth project. I am also proud to have worked with such a dedicated group of people who make up the Northern Minerals staff, employees and consultants.
I will be pursuing other interests in the exploration and mining sector, and I wish those at Northern Minerals every success as they move forward.”
The Board is currently in the process of determining who will be appointed as the new Chairperson and an announcement will be made once that role is filled.
Northern Minerals Chief Executive Officer Mark Tory on behalf of the Board acknowledged the contribution of Mr McCavana to the Company as one of its founding Directors over the last 15 years.
Mr Tory said ‘We would like to thank Colin for his leadership and support in transforming the company from explorer to a producer of heavy rare earth elements of which he has played an important part. Colin has made a huge contribution in getting the Company to its current stage and it has been a pleasure working with him. We wish him every success in his future.”