Eastern Metals Ltd (ASX:EMS) will bid farewell to non-executive chairman Robert (Bob) Duffin in November.
Duffin will retire by rotation as a director of the company at the Eastern Metals AGM on November 16, after advising the board that he will not stand for re-election.
“Having been a director of some 10 listed companies here and in the UK for an almost continuous period of more than 35 years, I feel it’s time to let a younger generation of directors ‘have a go’," Duffin said.
“Eastern Metals has a good portfolio of resource assets, and I’m confident that the company will be successful in the years ahead.”
The company’s directors wished Duffin well in his retirement and thanked him for his significant work and effort during the early stages of the company’s development. They will now investigate opportunities for the company to appoint a new chair.
The company’s deputy chair and lead independent non-executive director Cathy Moises has advised that she will assume the role of chair after the AGM to allow for a transition.
In accordance with the company’s constitution, the closing date for nominations for election as a director is September 28.
About Eastern Metals
Eastern Metals Ltd (Eastern Metals Ltd (ASX:EMS)) is an Australian base and precious metals exploration company with a portfolio of projects in New South Wales and the Northern Territory.
The company says its special ‘mousetrap’ is a keen ability to identify advanced exploration projects with resource or near resource status where there is clear potential to increase the resource base with well-targeted exploration.
The company has recently acquired two new projects, the Arunta Project at Barrow Creek in the Northern Territory, and the Browns Reef deposit that forms part of the Cobar Project in New South Wales. Both assets satisfy the company’s strategic criteria.