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.”