Northern Minerals Limited (ASX: NTU) has advised shareholders that managing director and CEO George Bauk has resigned from his role, with current non-executive chairman Colin McCavana temporarily assuming the role of executive chairman.
Northern Minerals will run a process to evaluate potential internal and external executive candidates to fill the vacancy.
Mr McCavana would like to thank Mr Bauk for his long-term leadership of Northern Minerals that spanned more than a decade. “George has been an exceptional and resilient leader for the Company, having steered it through some low points in the market with an unwavering focus on realising the potential of the Browns Range Project in northern Western Australia,” Mr McCavana said.
“The culmination of the work spearheaded by George was the development of the Pilot Plant Project at Browns Range, which transitioned Northern Minerals from an explorer to a producer of heavy rare earth elements, including our focus commodity of Dysprosium.”
“Mr Bauk will remain in a strategic advisory role for Northern Minerals Board and executive management team as the Company transitions to new leadership.
“I speak on behalf of the entire leadership team when I wish George prosperity with his future commercial and personal pursuits.”