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Arafura Resources non-executive director Terry Grose retires from board

The company is moving into the next phase of development of the Nolans NdPr project in the Northern Territory.
Empty boardroom
Arafura is undertaking a share purchase plan for eligible shareholders

Arafura Resources Limited (ASX:ARU) non-executive director Terry Grose has retired from the company’s board to pursue other business interests.

Grose joined the board in January 2013 and Arafura said since then he had been an influential contributor to the company’s development.

READ: Arafura Resources share purchase plan is underwritten to $3 million

He was a member of the Remuneration & Nomination Committee and chair of the Audit & Risk Committee.

Arafura’s chairman Ian Kowalick said: “We thank Terry for his contribution over the many years with Arafura and wish him every success in his future endeavours.

“The board regularly reviews its skill sets, capabilities and capacity and will subsequently assess the loss of Terry’s skills in light of the approaching finalisation of the DFS and moving into the next phase of development.”

READ: Arafura Resources outlines $3 million raising as it advances DFS for NdPr project

A replacement chair to the Audit & Risk Committee will be selected from existing members.

Arafura is moving into the development phase of the Nolans NdPr Project in the Northern Territory.

The company held its annual general meeting today with all resolutions put to shareholders passed by way of poll.

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