Augustus Minerals (ASX:AUG) announced the resignation of CEO, Dr James Warren, effective Dec. 15.
The board thanked Warren for his contributions to the company and wished him well in his future endeavours.
Although Warren’s service agreement required a three-month notice period, it was mutually agreed that his resignation would take immediate effect, with the company paying six weeks’ salary in lieu of notice.
In the interim, Warren's responsibilities will be assumed by General Manager Exploration Andrew Ford, Executive Chairman Brian Rodan, the broader technical team and the board.
Ford, who has been with Augustus since before its May 2023 IPO, brings more than 30 years of exploration and operational experience, including his previous role as General Manager of Exploration at Hastings Technology Metals.
The company said it will begin the process of recruiting a new CEO.
At the time of reporting, Augustus Minerals' share price was $0.037.