Bennett resigns from Apex board

Increasing workloads outside of Apex Minerals has prompted Todd Bennett, the grandson of the late iron ore prospector Peter Wright, to resign from the gold miner's board.

Apex Minerals was understood to be Mr Bennett's first public company venture when he signed up for a non-executive director position in 2008.

Mr Bennett is also the managing director of private investment company AMB Holdings, which includes a 25 per cent stake in the Rio Tinto-operated Rhodes Ridge iron ore project in the Pilbara among its assets.

Apex non-executive director Steven Lowe also announced his resignation from the Apex board due to increasing work commitments.

The outgoing directors will be replaced by Robin Lee Sing Leung, who is an executive director with Hong Kong-based Grand TG Gold Holdings.

Grand TG Gold has a 7.8 per cent stake in Apex.