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.
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.”
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.