Perth based Bauxite Resources Limited (ASX:BAU) chief executive officer and executive director Scott Donaldson will step down from his dual roles by the end of the year, after two years leading the company.
Bauxite says Mr Donaldson had made a significant contribution and has overseen its joint venture with Yankuang Resources as well as the 700 per cent increase in JORC compliant resources.
No statement has been made relating to a replacement.
Bauxite booked a net loss of $3.2 million in the first half of its 2012 financial year.
