Total
0
Shares
Northern Minerals (ASX:NTU) - Resigning CEO & Managing Director, George Bauk
Resigning CEO & Managing Director, George Bauk
Source: Hot Copper
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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.

NTU by the numbers
More From The Market Herald

" Crown Resorts (ASX:CWN) keeps Vic. licence despite damning report

Crowns Resorts (CWN) will keep its Victorian casino licence despite a damning report labelling the operator’s behaviour as “illegal, dishonest, unethical and exploitative”.

" Smartgroup Corporation’s (ASX:SIQ) takeover offer abandoned

An offer to buy out all of the shares in Smartgroup Corporation (SIQ) and take over the employee management services business has been
Aussie Broadband (ASX:ABB) - Managing Director, Phillip Britt

" Aussie Broadband (ASX:ABB) confirms takeover talks with Over The Wire (ASX:OTW)

In response to an article by The Australian, Aussie Broadband (ABB) has confirmed it is in discussions with Over The Wire (OTW) regarding
Cashrewards (ASX:CRW) - CEO, Bernard Wilson

" ANZ’s (ASZ:ANZ) investment arm to buy Cashrewards (ASX:CRW)

ANZ’s (ANZ) investment arm will aim to buy all of the share in fellow ASX-lister Cashrewards (CRW).