In a dramatic turn of events, Mark Speakman, the NSW Opposition Leader, has announced his resignation following weeks of mounting rumors regarding his leadership role.

Speakman acknowledged that it had become clear his fellow Liberal Party members were eager for him to step down, paving the way for a new leader to embrace what he described as an “extraordinarily difficult” challenge.

“It’s also an extraordinary privilege. Very few people in New South Wales ever get to be the leader of a major party, and it has been an enormous privilege for me to have that leadership,” Speakman expressed to the media this afternoon.

Earlier in the day, Speakman had confidently assured that his position was secure, humorously referencing his situation by quoting, “reports of my death have been grossly exaggerated” during a radio interview.

Yet, he conceded that political landscapes can shift rapidly. “A day is a long time in politics,” he remarked, reflecting on the swift change in circumstances.

He further clarified that no potential successors had approached him with aspirations to take on the leadership role, nor did any of his colleagues suggest that he step aside for the betterment of the party.

“But as I said, a day or even half a day or a few hours is a long time in politics.

“By this afternoon, it was clear that there was at least one person who had declared to me that she wished to be the leader of the Liberal Party, and a number of colleagues had indicated to me their preference that we have renewal and regeneration, and a new leader.”

Speakman cancelled a slew of media interviews this afternoon as speculation mounted he could be ousted in a spill, just days after his Victorian counterpart Brad Battin also lost his top job.

Rumours of a spill have haunted Speakman over the past week and the opposition leader broke his silence in back-to-back radio interviews and an appearance on Sky News.

Speakman earlier firmly denied being “tapped on the shoulder” while speaking to Ben Fordham on 2GB.

“Reports of my death are grossly exaggerated, and I’m here to fight,” he said.

But his counter-attack ended prematurely when Speakman pulled the pin on an on-air interview with 9News this afternoon.

9News political reporter Liz Daniels said Speakman had been “holed up in his office” and cancelled his media interviews because he wanted to meet with colleagues this afternoon.

“His colleagues, their major criticism of Speakman is that he’s been unable to land a blow on Chris Minns, a premier who has had a largely charmed political run,” Daniels said.

The gauntlet was thrown by senior Liberal members as they arrived for parliament today in what is the final sitting week of the year.

Kelly Sloane tipped to replace Speakman

Shadow health spokesperson Kelly Sloane has emerged as the top contender for Speakman’s replacement.

A party room meeting is expected to take place to decide on the new Liberal leader.

Speakman endorsed Sloane for the job after revealing she told him she wanted to take over as leader.

He added that he “reluctantly agreed” Sloane should be the next NSW Liberal leader. during this conversation.

“Kelly Sloane will be a fantastic leader if selected by the parliamentary Liberal Party,” Speakman said.

“She is someone of enormous talent. She is not only a great communicator, she has extensive experience as a businesswoman.

“She is someone I hope will lead the Liberal Party to the next election. She will have my full support. She will have my endorsement.”

Sloane also has the support of other senior Liberal MPs.

“If Kelly Sloane’s got the numbers, she’s got to make a move,” Wendy Tuckerman said earlier today.

NSW Shadow Attorney-General Alister Henskens has also been named as a possible frontrunner.