Investing News NetworkAUSTRALIA
Lithium Australia (ASX:LIT) is pleased to provide its Half-Year Report for the period ending 31 December 2022.
(This information should be read in conjunction with the last annual report and any announcements to the market by Lithium Australia Limited during the period)
Comment
For the period ended 31 December 2022, Lithium Australia sales were $2.3 million, primarily related to the recycling division (31 December 2021: $1.0 million). Associated cost of sales were $1.7 million for the same period, down from $2.5 million in the period ended 31 December 2021. These delivered a Gross Profit of $0.6 million for the period ended 31 December 2022 (31 December 2021: $1.5 million Gross Loss). The primary drivers for this improvement relate to increased collection and processing of end of life batteries, the introduction of rebates from the B-Cycle scheme and improvements in operation efficiencies within the recycling division.
The insurance settlement for remediation (refer announcement 7 September 2022) resulted in a release of provision of $1.7 million with a remaining remediation provision of $3.3 million at the period end.
The working capital surplus, being current assets less current liabilities was $15.5 million at 31 December 2022 (30 June 2022: working capital deficit of $1.8 million).
At 31 December 2022, an amount of $1.3 million (30 June 2021: $0.9 million) is included in the statement of financial position, representing amounts billed for sales where performance obligations from those contracts have not been fully satisfied; these amounts will be reflected in the full year’s reported revenue.
The net loss for the period ended 31 December 2022 includes non-cash share-based payment expenses for options issued to directors and brokers, as approved by the Company’s shareholders of $0.9 million (31 December 2021: $0.7 million).
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Firetail Resources
Overview
Firetail Resources (ASX:FTL) is an Australian exploration company building a strategic portfolio of battery metals in Australia and Peru.
Batteries are a critical foundation of the transition to a greener and more sustainable future. Consequently, between electric vehicles and renewable energy, global demand for batteries is expected to increase from 185 GWh in 2020 to over 2,000 GWh by 2030. This is expected to have a profound impact on the market for battery and base metals such as lithium, nickel, cobalt and copper.
Firetail Resources aims to leverage this significant opportunity to find the critical resources to support the world’s journey to electrification. Under the direction of a proven board and management team with decades of collective experience in mining exploration, development and production, Firetail Resources boasts a diversified asset portfolio with multiple drill-ready targets and advanced exploration projects that all have tremendous potential to increase shareholder value.
Firetail's Australian Yalgoo-Dalgaranga, Mt. Slopeaway and Paterson projects are all located in proven geologic domains and display significant upside for substantial mineral resources. The company's more recent acquisition of two projects in Peru strongly complements these assets.
As the world's third-largest copper producer, Peru has a massive mining industry with a strong prominence in the country’s national economy. Long recognized as an excellent, low-risk mining jurisdiction, the country recently approved roughly $600 million worth of new mining projects. Unsurprisingly, nearly every major global mining company is either operating in the jurisdiction or is aware of it.
Although only recently acquired, Firetail's Picha Copper project is now one of its most promising assets. The Picha Project was acquired as part of a deal that includes a farm-in agreement with Barrick Gold Corporation (TSE:ABX) for an earn-in of up to 70 percent interest in the Charaque Project.
Picha is located along a NNW regional trend of carbonate-replacement (CRD) and epithermal deposits, including the San Gabriel Gold Project (Buenaventura NYSE:BVN), which is fully permitted and in construction; and the Berenguela Ag, Cu, Mn, Zn Deposit (Aftermath Silver TSXV:AAG).
With a diversified portfolio of battery and base metals assets in two leading mining jurisdictions, Firetail is perfectly positioned to take advantage of the transition to green energy, driving considerable shareholder value in the process.
Company Highlights
- Demand for batteries is expected to exponentially increase by 2030, consequently driving the demand for battery and base metals.
- An Australian exploration company, Firetail Resources is well-positioned to take advantage of this market trend via a portfolio of Australian and Peruvian battery metals projects.
- Firetail's drill-ready assets are supported by smart field exploration and drilling programs to unlock their resource potential and increase shareholder value.
- The company's current portfolio of assets includes lithium, copper, cobalt, manganese, molybdenum, lead, zinc and nickel.
- All of Firetail's exploration activities are directed by a board and management team with a proven track record in mineral exploration, development and production.
Key Projects
Picha (Copper)
Located in Southern Peru's Moquegua and Puno departments, Picha represents Firetail's most recent acquisition. Intended as a complement to the company's portfolio of battery metals assets, the highly prospective 200-square-kilometre copper project hosts multiple drill-ready targets which Firetail plans to test in the coming months. Picha was obtained as part of a deal that included a farm-in agreement with Barrick Gold Corporation for the Charaque Project located 30 kilometres to the northeast.
Firetail recently confirmed its official drill permit for Picha and site preparations are underway for a October drilling campaign.
Project Highlights
- Promising Geology: Picha is located within Peru's Epithermal Au-Ag-Cu-Pb-Zn metallogenic zone along a north-northwest regional trend of carbonate-replacement and epithermal deposits.
- Nearby Projects: Picha is situated roughly 17 kilometres east-northeast of Compania de Minas Buenaventura's San Gabriel gold-copper-silver project, which hosts:
- Reserves of 14.9 Mt with 4.04 grams per ton (g/t) gold and 6.43 g/t silver representing 1.94 Moz gold.
- Resources of 24.86 Mt with 2.10 g/t gold and 8.46 g/t silver.
- Multiple Mineralisation: The project is prospective for multiple styles of copper mineralisation, including epithermal, stratabound, polymetallic carbonate replacement and porphyry-style. It also hosts several untested and geologically significant geochemical and geophysical anomalies, displaying similar mineralisation to the Storm/Seal copper project on Somerset Island.
- Significant Exploration Potential: Firetail has identified 13 exploration targets through a combination of geological mapping, surface sampling and geophysical surveys. Thus far, the company has collected 651 rock/chip samples and 289 soil samples and performed 118 line-kilometre IPs and 240 line-kilometre magnetic surveys. Highlights of its exploration work include:
- Widespread surface copper mineralisation coincident with IP anomalies.
- Channel Sample Results
- Cobremani: 41.6 metres at 1.12 percent copper and 22.85 g/t gold.
- Maricate: 17.6 metres at 1.95 percent copper and 29.58 g/t gold.
- Cumbre Coya: 32.85 metres at 0.61 percent copper and 209.76 g/t gold.
- Fundicion Target: Identification of a large chargeability anomaly reflecting potential sulphide mineralisation and/or alteration at depth indicative of a large porphyry body. This anomaly is roughly 2 kilometres long and 2 kilometres across at its widest point.
- Additional Drill Targets: Firetail's second IP survey revealed additional anomalies, including:
- Ichucollo: Semi-contiguous 2.5-kilometre long IP anomaly with coincident surface mineralisation and sample results of 24 metres at 1.08 percent copper, 13 metres at 1.38 percent copper and 30 metres at 0.79 percent copper. Manto-type mineralisation at the target's southern end also averages 1.45 percent copper over 18 metres.
- Huancune: A 1.5-kilometre long anomaly coincident with surface mineralisation. Multiple channel samples ranging from less than 0.5 percent copper up to 3.95 percent copper.
Charaque (Copper)
The Charaque Copper Project is located roughly 30 kilometres northeast of Firetail's Picha project, consisting of eight claims covering roughly 60 square kilometres. The region around the project is an active exploration area where multiple leading mining companies maintain significant landholdings, including Barrick Gold, Teck Resources (TSE:TECK.B) and Fresnillo (LON:FRES).
Charaque was acquired via a farm-in agreement between Firetail and Barrick Gold which entitles the latter to earn up to a 70 percent interest in the project.
Yalgoo & Dalgaranga (Lithium)
Firetail's Yalgoo and Dalgaranga lithium projects collectively span more than 1,750 square kilometres in Western Australia's highly prospective Murchison region. Located close to Geraldton Port and with easy access to all necessary infrastructure, the two projects host known lithium-caesium-tantalum (LCT) pegmatites with a strong rubidium association. Firetail recently completed a small maiden drilling program in the Johnson Well area of Yalgoo, itself the site of a historic lepidolite mine.
Rock chip sampling of surrounding areas is ongoing along with a detailed analysis of lithium prospectivity. Results and a project update are expected within four to six weeks.
Project Highlights
- Yalgoo Exploration Results: Thus far, exploration at Yalgoo has returned highly promising results, including:
- A 25-kilometre "Goldilocks Zone" at Yalgoo confirmed to host LCT pegmatites with historic results of up to 3.75 percent lithium oxide.
- Rock chip assay results of up to 0.54 percent lithium oxide and under 1 percent rubidium.
- High-grade rubidium, including 10 metres at 0.44 percent rubidium from 10 metres.
- Dalgaranga Exploration Results: Firetail has completed detailed geological mapping in the project's north, returning anomalous lithium, rubidium, caesium and tantalum values indicative of LCT pegmatites. The company plans to undertake further mapping in the area.
- Dalgaranga's Strong Prospectivity: Dalgaranga counts several advanced critical minerals projects amongst its neighbours which together confirm its prospectivity:
- King Tamba (ASX:KTA): Maiden mineral resource estimate (MRE) of 5 Mt at 0.14 percent rubidium oxide with a lithium oxide credit. Open mineralisation in all directions with a planned infill drill program to expand MRE.
- Aldoro Resources Limited (ASX:ARN): Aldoro's Niobe Tantalum-Lithium project has delivered a maiden inferred JORC MRE of 4.6 Mt at 0.17 percent rubidium oxide and 0.07 percent lithium oxide. Potential to upgrade is present thanks to mineralisation at shallow depth.
- Farm-in Agreement on Southern Yalgoo Tenement: Completion of the farm-in agreement completed with SensOre (ASX:S3N), through its joint-venture subisidiary Exploration Ventures AI Pty (EXAI) in partnership with German resource investment group Deutsche Rohstoff AG, on tenement E59/E2252, a part of the Firetail Yalgoo Lithium Project. As per the agreement, EXAI is to earn up to 80 percent of lithium rights on E59/E2252 by spending $3.5 million in two stages. Additional considerations of up to $600,000 will be fulfilled upon the delivery of maiden mineral resource estimate (MRE) and pre-feasibility study (PFS). SensOre will further provide Firetail access to its proprietary AI technology across the Yalgoo and Dalgaranga Lithium Projects. The two companies will work closely together to identify and confirm Lithium exploration targets in the region.
Mt. Slopeaway (Nickel)
Situated in Central Queensland, Firetail's Mt. Slopeaway Nickel Project contains an existing JORC 2012-compliant inferred mineral resource of 4 MT at 1 percent nickel, 0.2 percent cobalt and 1 percent manganese. Having recently been awarded project status, Firetail plans to conduct environmental and heritage surveys. Planning of an onsite drilling program is also underway.
Project Highlights
- Current Progress: In addition to drilling, heritage and environmental surveys, highlights of Firetail's work at Mt. Slopeaway include:
- Development of a geological model indicative of a manganese-cobalt-nickel layer at the base of a limonite section.
- Finalisation of a project land access agreement and completion of site earthworks.
- Phase 1 reverse circulation (RC) drilling with results exceeding historical nickel and cobalt assay data.
- A planned Phase 2 RC and diamond drilling program to upgrade the project's current resource classification.
- Extensional drilling to potentially expand the project's current inferred resource.
- Drilling Results: A drilling program completed in Q4 2022 returned up to 51 metres of thick laterite nickel-cobalt mineralisation.
Paterson (Copper)
Firetail's Paterson Copper Project spans five tenements across roughly 1,000 square kilometres in Western Australia. Heritage agreements for the project are in place and desktop studies are currently progressing, with multiple prospective target areas identified for drilling.
Project Highlights
- Shallow Intercepts: Paterson displays the shallowest known historical gold/copper intercepts in the region, with up to 6.5 percent copper, 0.99 g/t gold and copper, 0.99 g/t gold and 1,330 parts per million (ppm) molybdenum across an approximately 50-metre wide magnetite alteration zone.
- Drilling Targets: Paterson has identified the following potential targets for drilling at Paterson:
- 87WDRC2: 17 metres at 1.6 percent copper and 317 ppm molybdenum including 9 metres at 2.6 percent copper and 456 ppm molybdenum from 84 metres.
- 87WDRC6: 9 metres at 2 percent copper and 272 ppm molybdenum including 5 metres at 3.1 percent copper and 430 ppm molybdenum from 84 metres.
- 87WDRC8: 11 metres at 1.5 percent copper and 181 ppm molybdenum including 7 metres at 2.1 percent copper and 250 ppm molybdenum from 83 metres.
- 87WDRC14: 13 metres at 1.1 percent copper including 6 metres at 2 percent copper from 107 metres.
Management Team
Brett Grosvenor — Executive Chair
Brett Grosvenor is a seasoned executive with over 25 years of experience in the mining and power industry. He holds a dual tertiary qualification in engineering and a Master in Business. Prior to his current position, Grosvenor was the director of development at Primero Group, focused on the development of projects from an initial concept through to contract delivery and operation.
Grosvenor is currently a director of ASX-listed Perpetual Resources and Firebird Metals. He is a member of the project steering group for Patriot Battery Metals and also the Australian Industry Consultation Group for Battery and Critical Minerals.
Simon Lawson — Non-executive Director
Simon Lawson is a professional geoscientist with more than 16 years operational experience spanning multiple commodities and jurisdictions, and was a founding member of Northern Star Resources (ASX:NST).
He holds a Master of Science in geology from Auckland University and has more than 15 years of exploration, production and management experience in gold and base metals. He is currently the managing director of Spartan Resources (ASX:SPR) formerly Gascoyne Resources (ASX:GCY).
Cai Kecheng — Non-executive Director
Cai Kecheng is a representative of Hong Kong Jayson Mining Co. (Jayson), a substantial shareholder of Firetail. Kecheng has over eighteen years of experience in financial investment and corporate strategy. He is currently the associate president and head of investment & strategy for Jayson. Prior to that, he served as managing director at a number of private equity firms in Shanghai
George Bauk — Non-executive Director
George Bauk is an experienced director with over 17 years as a listed company director and 30 years within the resources industry including global operational and corporate roles.
He has experience managing everything from exploration to production in Australia and internationally, with expertise across a variety of commodities including rare earths, lithium, graphite, gold, uranium and copper. During his time as managing director of Northern Minerals, he led his team from a greenfields heavy rare earth explorer to one of the few global producers of high-value dysprosium outside of China.
Alongside his position as director at Firetail, he is also an executive chairman of ASX-listed Valor Resources (ASX:VAL) and Lithium Australia (ASX:LIT), as well as an executive director of PVW Resources (ASX:PVW).
Robin Wilson — Technical Director
Robin Wilson has held senior exploration positions in several exploration and mining companies, including Valor Resources, Polaris Metals, Tanganyika Gold, Troy Resources, CRA Exploration and Northern Minerals. He has also spent five years working in oil and gas exploration for Woodside Energy.
During nearly 30 years of involvement in mineral exploration, Wilson has worked on gold, nickel, REE, uranium, copper, lithium and phosphate projects throughout Australia, Africa, South America and North America and was involved in the initial discovery and outlining of several gold deposits in Australia. Between 2006 and 2021 he led the Northern Minerals exploration team that discovered the Browns Range REE deposits that have advanced through development to production of HRE carbonate.
Frank Bierlein — Technical Consultant
Dr. Frank Bierlein is a geologist with 30 years of experience as a consultant, researcher, lecturer and industry professional. He served on the Firetail board of directors from the time of its listing on ASX in April 2022 until July 2023. He remains a technical consultant to Firetail, in particular for ongoing technical work on the Mt Slopeaway Project.
Bierlein has held exploration and generative geology management positions with QMSD Mining, Qatar Mining, Afmeco Australia and Areva NC and consulted for, among others, Newmont Gold, Resolute Mining, Goldfields International, Freeport McMoRan and the International Atomic Energy Agency.
He is currently a Non-executive director of Blackstone Minerals, Impact Minerals and Variscan Mines.
Leon Bagas — Senior Exploration Geologist
Leon Bagas is an exploration geologist with forty years of industry experience. He has held senior exploration roles with multiple Australian companies and senior research positions for the University of Western Australia.
Bagas is highly experienced in developing mineralisation models using geochemistry and geochronology. Combined with his proficiency in the field, this makes Bagas an excellent candidate to assist in the development of the exploration and drilling programs at Firetail's Paterson Orogen and Yalgoon-Dalgaranga project areas.
Phillip Mackenzie — Senior Exploration Geologist
Phillip Mackenzie has worked in Central Queensland over several decades, exploring the Marlborough and Yeppoon terrain to assess and explore for nickel, cobalt, chromite, magnesite and gold related to the Princhester Serpentinite. His work included management of projects and teams to perform activities ranging from regional sampling to resource drilling. As a result of his work, several hundred drill holes targeting lateritic nickel and cobalt were assessed and an indicated resource determined for a mining lease.
Charger Metals
Overview
Australia is known as the top lithium-producing country on the planet, with an average lithium production of 55,000 metric tons (MT) per year and an estimated 3.8 million MT of lithium reserves. In 2019, Australia produced 55 percent of the world’s lithium supply. The added presence of nickel and copper in Australia makes it an ideal destination for mining essential battery metals and an extremely valuable location for exploration. The country is poised to play a significant role in the global quest for emissions reduction, as demand for battery metals for electric vehicle production continues to rise.
Charger Metals (ASX:CHR) is an exploration-focused battery minerals company targeting lithium and other battery metal projects throughout Western Australia and the Northern Territory. Charger Metals currently has three projects in the exploration phase, with drill-ready targets for lithium, nickel, copper and platinum-group elements (PGEs). The company has a strong management team composed of mining industry professionals with strong backgrounds in battery metals.
The company’s 70-percent-owned Bynoe project is the company’s flagship and covers 62.7 square kilometers. Located in the Northern Territory, the project is surrounded by the Finnis Lithium Project, a successful mine operated by Core Lithium, with a current mineral resource estimate of 18.9 million tonnes (Mt) at 1.32 percent lithium oxide. The proximity of a world-class mine creates confidence that the Bynoe project will yield positive results.
Charger Metals is led by a team with the experience and expertise to help nurture each of the company’s projects. Aidan Platel, managing director and CEO, is a geologist and mining executive with more than 25 years of experience in the minerals industry. Terry Gardiner, a non-executive chairman, has over 20 years of experience in capital markets, stockbroking, derivatives trading and working with private investors. Along with Charger’s team of geologists, these executives’ combined experience has the potential to lead the company to success.
Company Highlights
- Charger Metals is an Australia-based exploration company with three projects located throughout Australia, the world’s largest producer of lithium.
- Each of the company’s projects provides access to important battery metals, such as lithium, nickel, copper and PGEs.
- The Lake Johnston project is Charger Metals’ most advanced project and contains a high amount of unexplored pegmatites with final assays of its maiden drill program at the Medcalf Prospect indicating significant intersections including:
- 4 meters @ 2.06 percent Li2O from 145 meters (23CRC013)
- 6 meters @ 1.56 percent Li2O from 19 meters (23CRC006)
- 6 meters @ 1.52 percent Li2O from 26 meters (22CRC005)
- 5 meters @ 1.86 percent Li2O from 24 meters (22CRC007)
- The Bynoe project is surrounded by Australia’s most recent lithium producer, creating confidence that Bynoe will also bear fruit.
- T1 drilling program at the Coates project has been completed, with four diamond core drill holes all intersecting the targeted Coates Mafic intrusion.
- Charger Metals has a strong leadership team with decades of applicable experience that will help guide the development of each project and the company overall.
Key Projects
Bynoe Lithium Project
The Bynoe project is 70 percent owned by Charger and 30 percent owned by Lithium Australia NL (ASX:LIT). It is located within the Pine Creek orogen, which includes the Bynoe Pegmatite Field. The target is a lithium-bearing pegmatite that may also include gold. Bynoe is surrounded by Core Lithium Ltd.’s Finnis Lithium Project, Australia’s newest lithium mine with a current mineral resource estimate of 18.9 Mt at 1.32 percent lithium oxide. Geochemistry and aeromagnetic programs completed by Charger, combined with drilling information provided by Core Lithium Ltd, suggest multiple swarms of lithium-caesium-tantalum (LCT) pegmatites that extend from the adjacent Finniss Lithium Project into Charger’s Bynoe Lithium Project.
Project Highlights:
- Drill-ready Targets: Recent geochemistry results highlight large LCT pegmatite target zones, with significant strike lengths of 8 kilometers at Megabucks and 3.5 kilometers at 7-Up. Other large drill targets include Enterprise and Old Bucks.
- Drilling Plan Approved: All permits are currently in place for the maiden drill program.
Lake Johnston Project
Unlike many of the other greenstone belts in Western Australia, the Lake Johnston region has not been actively explored for lithium. However, the nearby Covalent Lithium’s Early Grey/MT Holland lithium deposit is located only 70 kilometers to the west, which creates significant interest in the area.
The area is known for its large LCT pegmatite field, which attracted Charger Metals’ interest. The Lake Johnston project is Charger Metals’ most advanced project and contains a high amount of unexplored granite intrusions that are associated with pegmatites. The Medcalf Spodumene Prospect is fully permitted for drilling and contains a swarm of spodumene pegmatites, strong soil anomalies, and rock chips ranging between 1.51 percent and 7.15 percent Li2O6. A maiden 7,199-meter drill program was completed in March 2023 with a total of 41 RC holes. The drilling aimed at testing pegmatites over a length of 700 meters at surface and up to 280 meters down dip of mapped spodumene-bearing pegmatite outcrops.
During the 1980s and 1990s, nickel was discovered in the area and paved the way for the Maggie Hay Nickel Mine currently owned by Poseidon Nickel Ltd. Most of the exploration in the area since then has focused on the greenstone belts, leaving many areas of the project unexplored.
Project Highlights:
- The drill campaign at the Medcalf Spodumene Prospect included 41 holes, which increased the known extent of the swarm of spodumene-bearing pegmatites occurring within a 100-meter zone, and demonstrated that these extend under transported cover and at depth.
- High-grade lithium results returned significant intersections including:
- 4 meters @ 2.06 percent Li2O from 145 meters (23CRC013)
- 6 meters @ 1.56 percent Li2O from 19 meters (23CRC006)
- 6 meters @ 1.52 percent Li2O from 26 meters (22CRC005)
- 5 meters @ 1.86 percent Li2O from 24 meters (22CRC007)
- Mount Day Lithium Prospect: Large geochemical survey generated lithium anomalies over LCT-pegmatites. Numerous mapped pegmatites within a 5.5-kilometer by 1.5-kilometer field
Coates Ni-Cu-PGE Project
The Coates project is approximately 25 kilometers southeast of the Julimar Ni-Cu-PGE Project, owned by Chalice Mining Limited. It was announced in March 2020 that new sulphide mineralization at the Julimar project contains nickel, copper and PGEs. Since the discovery, both Chalice and other regional explorers have found evidence of similar prospectus in the area.
These discoveries highlight the potential of the geological terrain of this style of mineralization.
Previous exploration has been conducted in the area dating back to the 1930s, however much of those exploration attempts were focused on vanadium or bauxite. The more recent exploration work, completed in 2011, showed the potential for a variety of valuable minerals, including nickel and copper. The Coates mafic intrusion extends onto Chargers’ project and previous drilling has identified anomalous nickel, copper and PGE mineralization.
Project Highlights:
- T1 Drilling Program Completed: Four diamond core drill holes were completed at the T1 target for a total of 593 meters, each of them intersecting the targeted Coates Mafic intrusion
- Pyrrhotite and pyrite, with accessory chalcopyrite, intersected in holes targeting FLTEM conductors at depths close to the modeled position
- Awaiting results of assay core samples
Management Team
Aidan Platel - Managing Director and CEO
Aidan Platel is an experienced geologist and mining executive with more than 25 years of experience in the minerals industry. Platel has a broad skill set covering exploration, study execution, project development, mining, mineral processing and corporate financing experience within the resource and mining service sectors. He has worked in both mining and exploration roles across a wide range of commodities and has held numerous board and senior management positions in the mining and exploration industry, including as managing director of Auroch Minerals. He holds a Bachelor of Science (honors in geology) from the University of Western Australia and has a Master of Business Administration from the Curtin Graduate School of Business.
Adrian Griffin - Non-executive Chairman
Adrian Griffin has more than 40 years of experience in the mining industry – ranging from project identification, through exploration, development and financing, and oversight of integrated mining and processing facilities. He was previously managing director of Lithium Australia. He is focused on the downstream production of lithium-ion battery components, and recycling of battery/e-waste to recover the energy metals they contain. Griffin was a founding director of Northern Minerals (the first heavy-rare-earths producer outside China) and brings particular expertise in a wide range of mineral exploration and mineral processing techniques, particularly in the lithium and nickel sectors.
David Crook - Non-executive Director
David Crook is an experienced managing director with a strong technical and commercial background. Crook has 40 years of experience as a geologist with a demonstrated discovery and production record, including in nickel, gold, caesium and lithium, which included 16 years as managing director of ASX-listed Pioneer Resources Limited. Crook was part of the geological teams that made discoveries at Mt Jewell (gold), Sinclair (caesium), Dome North (lithium), Kalpini and Goongarrie (nickel laterite) and Gidgee Gold Mine (gold).
Terry Gardiner - Non-executive Director
Terry Gardiner was appointed to the board of directors upon incorporation. He has strong experience in capital raising, support, promotion and corporate advisory services to listed companies in Australia and overseas. He has 30 years of experience investing in capital markets and extensive experience in funds management for sophisticated and private investors. He is currently a non-executive director of Cazaly Resources Limited and Galan Lithium Limited. He is also an executive director of Barclay Wells Ltd, a boutique stockbroking firm with offices in Perth and Melbourne.
Jonathan Whyte - Company Secretary
Jonathan Whyte has extensive corporate, company secretarial and financial accounting experience, predominantly for listed resource companies. He is currently the company secretary of AIM-listed Empyrean Energy Plc, ASX-listed Peninsula Energy Limited and ASX-Listed Ironbark Zinc Limited. Whyte previously worked in the investment banking sector in London over six years for Credit Suisse and Barclays Capital Plc.