Codrus Minerals Board Changes Announcement

Codrus Minerals Limited (ASX: $CDR) has announced the appointment of Greg Bandy as the new Executive Chairman, effective from 22 July 2024, following the resignation of Shannan Bamforth as Managing Director, effective 31 July 2024. The Board also welcomed Keith Coughlan as the new Non-Executive Director, effective from 22 July 2024. The company expressed gratitude to Shannan for his service as Managing Director over the past 3 years and mentioned his continued assistance during the transition period.

Executive Commentary on Board Changes

I would firstly like to thank Shannan for his services to Codrus since listing on the ASX in 2021. As Executive Chairman, I intend to continue to build upon the company's suite of projects, including the recently acquired Canadian Uranium Projects, as well as continually seeking to identify new and complimentary assets. We welcome Keith who is a highly regarded corporate figure and brings a wealth of experience to the Board of Codrus as we continue on our journey.

Summary of Codrus Minerals Board Changes

Codrus Minerals (ASX: $CDR) has made significant board changes with the appointment of Greg Bandy as the new Executive Chairman and Keith Coughlan as the Non-Executive Director. The company expressed gratitude to Shannan Bamforth for his service as Managing Director over the past 3 years and mentioned his continued assistance during the transition period. Greg Bandy, the new Executive Chairman, expressed his commitment to building upon the company's suite of projects, including the recently acquired Canadian Uranium Projects, and seeking new and complimentary assets. The addition of Keith Coughlan, a highly regarded corporate figure with over 30 years' experience in stockbroking and funds management, is expected to bring valuable expertise to the Board as Codrus continues its journey. The company also provided material terms of the Executive Chairman Agreement, outlining the role, remuneration, and incentives for the position.