Aruma Resources Ltd (ASX:AAJ) has announced the resignation of non-executive director Peter Schwann, who is stepping down to pursue personal interests.
Schwann previously served as the mineral exploration company’s founding managing director for 13 years.
He stepped down from that role in January this year, succeeded by Glenn Grayson.
Guiding light
Schwann played a crucial role in guiding the company's growth and development throughout his tenure at Aruma.
As the managing director, he led the assessment, acquisition and exploration of various mineral projects.
Through his leadership, the company was able to establish strong relationships with key stakeholders and raise capital for exploration activities, including securing research and development tax refunds.
Passionate, committed and dedicated
Aruma chairman James Moses expressed the company’s appreciation for Schwann's contributions, saying: “Peter has always demonstrated boundless energy and passion for his work at Aruma Resources and his commitment and dedication has been evident to stakeholders across all areas of the business throughout his 13-year tenure with the company.
“He led the company through the assessment and exploration of a range of projects and oversaw multiple capital raisings which enabled Aruma to execute its exploration programs.
“On behalf of the board, I would like to extend best wishes to Peter as he embarks on the next stage of his career and takes the opportunity to pursue personal interests.”
About the company
Aruma is focused on the exploration and development of a portfolio of prospective gold and lithium projects strategically located in major, active mineralised belts in Western Australia.
Its core assets include the Mt Deans Lithium Project in the lithium corridor of southeastern WA, the Salmon Gums Gold Project in the Eastern Goldfields and the multi-commodity Saltwater Project in the Pilbara region.