George Bauk resigns as CEO & Managing Director of Northern Minerals (ASX:NTU)

• CEO and Managing Director of Northern Minerals (NTU), George Bauk, has resigned from his roles
• However, he will remain in a strategic advisory role as the company transitions to a new leadership
• George has been CEO and Managing Director of Northern since 2010 and he has helped lead the company to become one of the next global producers of dysprosium
• While a replacement is found, non-Executive Chairman Colin McCavana will assume the role of Executive Chairman to make the transition process easier
• Shares in Northern Minerals closed 8.33 per cent higher to trade at 2.6 cents each

CEO and Managing Director of Northern Minerals (NTU), George Bauk, has resigned from his roles.

However, he will remain in a strategic advisory role as the company transitions to a new leadership.

George has been CEO and Managing Director of Northern Minerals since 2010 and since then he has led the company to its development from a greenfields heavy rare earth explorer to one of the next global producers of high value dysprosium and terbium outside of China.

He is an experienced executive with 30 years’ experience in the resources industry.

Prior to joining Northern Minerals, George held global operational and corporate roles with WMC Resources, Arafura Resources, and Western Metals.

While a replacement is found, non-Executive Chairman Colin McCavana will assume the role of Executive Chairman to make the transition process easier.

“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,” Colin 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,” he added.

Shares in Northern Minerals closed 8.33 per cent higher to trade at 2.6 cents each at market close.