• Managing Director and CEO Julian Andrews to step down by end of 2025
• Non-executive Director Jason Neal to serve as Interim Managing Director and CEO
• Deterra to commence executive search for permanent CEO

Deterra Royalties Limited (ASX: DRR) has announced that Julian Andrews, the company's Managing Director and Chief Executive Officer (CEO), has advised the Board of his intention to step down from his role by the end of the calendar year for personal reasons. Non-executive Director Mr Jason Neal will commence as Interim Managing Director and CEO while Deterra completes the executive search process for the company's next permanent Managing Director and CEO. Mr Andrews was appointed at the time of Deterra's demerger from Iluka Resources Limited and subsequent listing on the ASX in October 2020. Under his leadership, Deterra has transformed from a predominantly single asset company to an internationally significant royalty company with multi-commodity exposure in Tier 1 mining jurisdictions and significant optionality.Mr Neal, who has been a Non-executive Director of Deterra since 2022 and also currently serves as Lead Independent Director of G Mining Ventures, brings extensive experience in senior executive roles in the mining sector as well as more than twenty years at BMO Capital Markets where he led the global metals and mining investment banking team.The Chair of Deterra, Jennifer Seabrook, thanked Mr Andrews for his commitment and service over the past five years as Deterra's inaugural Managing Director and CEO, stating that while he leaves big shoes to fill, he also leaves the company with a robust path forward and a royalty portfolio that positions Deterra to deliver sustainable value to shareholders through commodity cycles.