Northern Minerals (ASX:NTU) appoints Mark Tory as CEO

• Northern Minerals (NTU) has appointed Chief Financial Officer and Company Secretary Mark Tory as CEO
• Mark will be taking over from George Bauk who resigned as CEO and Managing Director in June this year
• Mark is a chartered accountant with 35 years of experience in the mining industry and accounting professions
• Prior to joining Northern Minerals, Mark was Managing Director, Company Secretary, and Chief Financial Officer of Crescent Gold
• Despite this news, Northern Minerals has ended the day 6.67 per cent in the red with shares trading for 2.1 cents each

Northern Minerals (NTU) has appointed Chief Financial Officer and Company Secretary Mark Tory as CEO.

In light of this, acting Executive Chairman Colin McCavana will return to his role of Non-Executive Chairman. He took on this role following the resignation of CEO and Managing Director George Bauk in June.

Mark is a chartered accountant with 35 years of experience in the mining industry and accounting professions.

He has been Chief Financial Officer and Company Secretary of Northern Minerals for almost eight years and prior to that he was Managing Director, Company Secretary, and Chief Financial Officer of Crescent Gold.

“The board believes the decision to promote Mr Tory into the role of CEO represents the most appropriate path forward for the company,” Colin commented.

“As we continue to navigate the logistical and economic impacts of COVID-19 in particular, business continuity remains our priority and we believe maintaining leadership continuity will best support this outcome,” he added.

Despite this news, Northern Minerals has ended the day 6.67 per cent in the red with shares trading for 2.1 cents each in a $92.94 million market cap.