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Northern Minerals chairman assumes executive role after MD and CEO George Bauk resigns

The company’s Browns Range Project is set to become a significant world producer of dysprosium outside of China.

Northern Minerals Ltd - Northern Minerals MD and CEO resigns with non-executive chairman resuming role temporarily
The Browns Range Project has several deposits and prospects containing high-value dysprosium and other HREs

Northern Minerals Ltd’s (ASX:NTU) managing director and CEO George Bauk has resigned from his role with current non-executive chairman Colin McCavana to temporarily assume the role of executive chairman.

The company is undertaking a process to evaluate potential internal and external executive candidates to fill the vacancy.

McCavana has thanked Bauk for his long-term leadership which has spanned more than a decade.

“Exceptional and resilient leader”

He said: “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.

“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.

Bauk will remain in a strategic advisory role for Northern Minerals board and executive management team as the company transitions to new leadership.

McCavana concluded: “I speak on behalf of the entire leadership team when I wish George prosperity with his future commercial and personal pursuits.”

Quick facts: Northern Minerals Ltd

Price: 0.024 AUD

Market: ASX
Market Cap: $101.29 m

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on 21/9/19

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