Aruma Resources Limited advised that non-executive director Mr. Peter Schwann has resigned from his position to focus on personal interests. Mr. Schwann was Aruma's founding managing director, and led the Company since its ASX listing in 2010 up until January 2023, when he stepped-down from the managing director's position and became a non-executive director of the Company. As a non-executive director Mr. Schwann has provided invaluable support to Aruma's new managing director Mr. Glenn Grayson, helping ensure an effective transition over the past six months.

Mr. Schwann has been a dedicated and committed managing director and non-executive director of Aruma for a period of 13 years, since the Company's listing. As managing director he managed and led the assessment, acquisition and pegging, and subsequent exploration of numerous projects across a range of different minerals. He built strong relationships with key stakeholders across the business, and oversaw multiple capital raisings and R&D tax refunds throughout his tenure, which enabled the Company to successfully pursue its exploration activities.