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Successful ASX Listing
Oversubscribed $8m capital raising completed
US focused uranium and lithium explorer, Aurora Energy Metals Limited (Aurora or the Company) (ASX:1AE) is pleased to announce the successful completion of its public offer to raise $8,000,000 via the issue of 40,000,000 Ordinary shares at $0.20 per share (Public Offer).
- Aurora Energy Metals shares commence trading at 11.00am AEST today on ASX under the code 1AE
- Company successfully raised $8m in its IPO, at an indicative market cap of $28m
- The Company holds 100% of the Aurora Energy Metals Project in south-eastern Oregon, USA
- Project has a defined uranium resource and known lithium mineralisation
- Project located in the McDermitt Caldera, home to the USA’s two largest lithium deposits
Proceeds from the Public Offer will be used to fund exploration and development activities on the Company’s Aurora Energy Metals Project in south-eastern Oregon, USA. The program is aimed at growing the basement uranium mineral resource and progressing studies whilst also defining lithium mineral resources in the lakebed sediments surrounding and overlying the uranium resource.
The Company will commence trading today on the Australian Securities Exchange (ASX) at 11:00am AEST under the ticker 1AE.
Euroz Hartleys was Lead Manager to the capital raising.
Aurora’s Managing Director, Greg Cochran, commented:
“We are excited by the strong response that we had to the capital raising from both retail and institutional investors. We could not be happier with the performance of Euroz Hartleys in the process and the quality of the investors they introduced to the register.
“The Aurora Energy Metals Project offers investors two bites at the clean energy pie. We will look to grow the well-defined, shallow uranium resource hosted in the basement and conduct techno-economic studies, whilst following up the significant lakebed sediment-hosted lithium mineralisation that surrounds and overlies it.
“The McDermitt Caldera, which hosts our Aurora Energy Metals Project, is one of the most prospective lithium provinces in the USA. It is home to the two largest lithium resources in the USA and neighbouring peer companies have clearly demonstrated the region’s potential . We are looking forward to undertaking our planned work programs and keeping our shareholders updated on our progress.”
Figure 1: Location of Aurora Energy Metals Project in south-eastern Oregon, USA
Click here for the full ASX Release
This article includes content from [Company Name], licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Aurora Energy Metals Project Update
Uranium and lithium-focused advanced explorer, Aurora Energy Metals Limited (Aurora or the Company) (ASX:1AE) is pleased to provide a detailed update of project activities relating to the Company’s 100%- owned Aurora Energy Metals Project. These activities have been taking place in Oregon and in Nevada.
Highlights
- Transformational property purchase in Nevada, ideal location for plant infrastructure
- Additional claims staked in Nevada and in Oregon
- • Ranch house purchased in Nevada to serve as Project Operations Office
- • Phase 1 DOGAMI Drill Permit Assessment nearing completion
- • Phase 2 BLM Drilling Program Notice Submitted and under Assessment
- Final lithium assays received, results consistent with previous results
- Mineral Resource conversion of uranium deposit close to completion
Transformational Property Purchase for Plant Facilities
Key Points
- 410-acre Private Property purchased in Nevada, on the border with Oregon
- The site is considered an ideal location for plant and tailings facilities
- Easy access to the Aurora uranium deposit, approximately 12km by road
- Serviced by excellent infrastructure, sealed road and HV transmission line
- Offers tangible environmental, permitting and operational advantages
Click here for the full ASX Release
This article includes content from Aurora Energy Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Filling of HMW Pond 2 Commences as Lithium Chloride Production Journey Continues
Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to provide a further update on the progress of construction activities at its 100% owned Hombre Muerto West (HMW) Phase 1 lithium brine project, with lithium chloride production expected in H1 2025. Galan continues its steady progress in advancing its low cost, high grade HMW project to production in a timely manner.
- Filling of pond 2 has commenced, evaporation process is underway
- Pond 2 earthworks and liner installation progressing well (65% complete)
- Pond 3 earthworks construction work well under way (40% complete)
- Pond 1 evaporation continuing, containing approximately 500t LCE already
- Ten (10) production wells completed; only six are required for Phase 1
- The HMW production process uses very little fresh water and considerably less water than subsequent conversion to lithium carbonate or hydroxide
- Water was never intended to be sourced from the Los Patos River; water for the HMW Project will be sourced directly from in situ dedicated water wells
- Strategic HMW lithium chloride production plan continues; phase 1 (permits granted) and phase 2 development plans are unaffected by the recent provincial court ruling
- Low all-in sustaining costs; HMW is expected to be in the 1st quartile of lithium industry’s cost curve with an initial reserve estimate of 40 years
- Phase 2 Operating cost to LiCl concentrate of $US3,510/t LCE equates to a low Li2O equivalent operating cost of SC6 (Spodumene Concentrate) $US310/t-$US350/t; solid production margins at current spot prices
- Glencore due diligence process continues to advance, outcomes to be announced upon completion
As previously announced, the HMW project was separated into four production phases. The initial Phase 1 Definitive Feasibility Study (DFS) focused on the production of 5.4ktpa LCE of a lithium chloride concentrate by H1 2025, as governed by the approved production permits. The Phase 2 DFS targets 21ktpa LCE of a lithium chloride concentrate in 2026, followed by Phase 3 production of 40ktpa LCE by 2028 and finally a Phase 4 production target of 60ktpa LCE by 2030. Phase 4 will include lithium brine sourced from both HMW and Galan’s other 100% owned project in Argentina, Candelas. The very positive Phase 2 DFS results were announced on 3 October 2023 (https://wcsecure.weblink.com.au/pdf/GLN/02720109.pdf).
Pond 2 filling has commenced
Galan and its lithium chloride strategy
The HMW Project is a tier one project that will produce a premium high grade lithium chloride (LiCl) concentrate of 6% Li, comparable to 13% Li2O or 32% Lithium Carbonate Equivalent (LCE) in H1 2025.
This LiCl product results in 85 times the concentration of contained Lithium compared to raw brines sourced from the Hombre Muerto Salar. Galan’s 6% LiCl concentrate contains more than twice the Li content of Spodumene concentrates exported from Australia.
Galan is confident on the viability of its LiCl production strategy. There is an established market precedent for the sale of liquid LiCl concentrate in the industry, including over 10 years of exports to China by SQM in Chile. Domestically, the potential addition of the premium HMW high grade, low impurity LiCl product is likely to improve the performance of any lithium carbonate plant in northern Argentina. It is expected that there will be up to 10 downstream processing plants operating in Argentina within the next 5 years.
Click here for the full ASX Release
This article includes content from Galan Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Further Broad and High-Grade Drill Intersections Resource Extension Drilling Results Ewoyaa Lithium Project, Ghana, West Africa
69m at 1.25% Li2O from 45m returned at Dog-Leg target, outside of current MRE1
Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, “Atlantic Lithium” or the “Company”), the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, is pleased to announce further broad and high-grade assay results from resource drilling completed at the Company’s flagship Ewoyaa Lithium Project (“Ewoyaa” or the “Project”) in Ghana, West Africa.
Highlights:
- Further assay results received for 2,514m of extensional resource reverse circulation (“RC”) drilling completed at the Dog-Leg target, representing the final results from drilling undertaken in 2023, with a total of 25,898m drilled throughout the year.
- Multiple high-grade and broad extensional drill intersections reported at the new Dog-Leg target outside of the current 35.3Mt @ 1.25% Li2O JORC (2012) compliant Ewoyaa Mineral Resource Estimate1 (“MRE” or the “Resource”), including highlights at a 0.4% Li2O cut-off and a maximum 4m of internal dilution of:
- GRC1024: 69m at 1.25% Li2O from 45m
- GRC1027: 34m at 1.02% Li2O from 160m
- GRC1024: 22m at 0.85% Li2O from 141m
- GRC1030: 16m at 1.08% Li2O from 111m
- GRC1032: 12m at 1.11% Li2O from 83m
- Results at Dog-Leg are significant; drilling has intersected shallow dipping, near surface mineralised pegmatite bodies with true thicknesses up to 35m outside of the MRE1, proving potential for significant resource growth.
- The Company is advancing the drilling programme to be undertaken in 2024:
- Plant site sterilisation drilling now completed for a total of 3,177m in 21 holes, with no mineralisation intersected, providing confidence in the proposed plant site location.
- A further 804m of RC drilling and 70m of diamond core drilling recently completed at Dog-Leg, with assay results pending.
- Further resource extension and exploration drilling planned alongside ongoing regional exploration.
- MRE upgrade, for both lithium and feldspar, to incorporate all 2023 and 2024 drilling, targeted for H2 2024.
Commenting on the Company’s latest progress, Neil Herbert, Executive Chairman of Atlantic Lithium, said:
“The final assay results from drilling completed in 2023 have again delivered impressive intersections, providing further confidence in the growth potential of the current 35.3Mt @ 1.25% Li2O Resource at the Ewoyaa Lithium Project.
“These results are from the new mineralised area at the Dog-Leg target, located on the northern tip of the Ewoyaa Main deposit, outside of the current MRE, where drilling has returned multiple high-grade and broad near surface extensional intersections, including 69m at 1.25% Li2O from 45m. This follows the intersection of 83m at 1% Li2O from 36m in hole GRC1020 reported at Dog-Leg last month.
“On the back of the encouraging results delivered from drilling completed in 2023 at Dog-Leg, we are excited to have recently completed a further 874m of resource extension drilling at the target as part of our resource growth programme for 2024. We look forward to receiving further drilling results and delivering a MRE upgrade for the Project, targeted for H2 2024. The MRE upgrade will include updates to both the lithium and feldspar and incorporate all of the results received from drilling completed in 2023 and results pending for 2024.
“In addition, we are pleased to have recently completed the plant site sterilisation programme without any surprises, allowing us to continue with our mine site designs and permitting.
“We look forward to updating shareholders on our ongoing progress.”
Click here for the full ASX Release
This article includes content from Atlantic Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Jindalee Lithium Eyes Mid-year PFS Completion, CEO Says
Lithium exploration and development company Jindalee Lithium (ASX:JLL,OTCQX:JNDAF) expects to complete its prefeasibility study on the McDermitt lithium project in Oregon by the middle of 2024, according to CEO Ian Rodger.
“We’ve completed a lot of the metallurgical testwork, we’re at the back end of that, as well as the engineering and cost estimates (and) the mine planning work. Ultimately we've got a very big resource,” he said.
Rodger said the PFS will focus on the first five to 10 years of the mine life to maximise margin and economic returns.
With a mineral resource estimate of 21.5 million tonnes of lithium carbonate equivalent, the McDermitt lithium project is the largest deposit of its kind in the US. Through the property, Jindalee aims to become a significant supplier of lithium chemicals to the US electric vehicle (EV) industry.
“The reason it's compelling (is its) strategic location on the doorstep of the EV supply chain, and … this thematic around reshoring and the North American buildout really plays into why the (McDermitt) asset is interesting,” Rodger said. "And certainly from conversations with groups that are potentially interested in offtakes and partnerships down the line, the scale is really attractive."
Watch the full interview with Ian Rodger, CEO of Jindalee Lithium, above.
Disclaimer: This interview is sponsored by Jindalee Lithium (ASX:JLL,OTCQX:JNDAF). This interview provides information which was sourced by the Investing News Network (INN) and approved by Jindalee Lithium in order to help investors learn more about the company. Jindalee Lithium is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Jindalee Lithium and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Galan’s HMW Project Phase 1 & 2 Unaffected by Provincial Court Ruling
Galan Lithium Limited (ASX:GLN) (Galan or the Company) wishes to provide a response to speculation about any impact of the recent court ruling at its 100% owned Hombre Muerto West (HMW) lithium brine project, with lithium chloride production expected in H1 2025. Galan continues its steady progress in advancing its low cost, high grade HMW project to production in a timely manner.
- A recent court ruling by the Court of Justice in the Province of Catamarca has temporarily halted the issuance of new environmental permits and authorizations for the Los Patos River area until the provincial government completes an environmental impact assessment that takes into consideration the cumulative impact of all projects in the area.
- The resolution relates to the use of fresh water in the south-east part of the Hombre Muerto Salar, where the Los Patos River runs. The ruling has no impact on Galan’s existing and granted Phase 1 HMW permits and Environmental Impact Assessments (EIAs). Phase 1 construction continues.
- The resolution is also not expected to have any impact on Galan’s HMW Phase 2 development plans or permitting process, as Galan is not planning to source water from the Los Patos River. Galan is confident that the Phase 2 permitting application process remains on track with continued strong support from both local communities and government.
- Galan’s proposed HMW production process to produce a high grade lithium chloride concentrate (6% Li or 32% LCE) uses very little fresh water and considerably less water than the subsequent conversion to lithium carbonate or hydroxide, underpinning the low environmental impact of Galan’s chloride strategy. Furthermore, water for the HMW Project is to be sourced directly from in situ dedicated non-potable water wells.
As previously announced, the HMW project was separated into four production phases. The initial Phase 1 Definitive Feasibility Study (DFS) focused on the production of 5.4ktpa LCE of a lithium chloride concentrate by H1 2025, as governed by the approved production permits. The Phase 2 DFS targets 21ktpa LCE of a lithium chloride concentrate in 2026, followed by Phase 3 production of 40ktpa LCE by 2028 and finally a Phase 4 production target of 60ktpa LCE by 2030. Phase 4 will include lithium brine sourced from both HMW and Galan’s other 100% owned project in Argentina, Candelas. The very positive Phase 2 DFS results were announced on 3 October 2023 (https://wcsecure.weblink.com.au/pdf/GLN/02720109.pdf).
Galan’s Managing Director, Juan Pablo (JP) Vargas de la Vega, stated:
“We wish to confirm that a recent ruling by the Court of Justice in the Province of Catamarca, Argentina will have no impact on Galan's Phase 1 project and no expected impact on our Phase 2 development plans at Hombre Muerto West. We are not located in the area under dispute and there is no river running close by to Hombre Muerto West, that could be affected by similar rulings in the future. We are confident that this is a localised issue which may potentially impact some other projects operating on the Hombre Muerto Salar but has no impact on Galan.”
Click here for the full ASX Release
This article includes content from Galan Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Avenira Completes Placement
Avenira Limited (ASX: AEV) (“Avenira” or “the Company”) advises that it has completed a placement of approximately 137 million new fully paid ordinary shares at an issue price of A$0.008 per share, raising approximately A$1 million (before costs) (“Placement”).
Placement Details
137,125,000 fully paid ordinary shares will be issued under the Company’s existing Listing Rule 7.1A placement capacity at an issue price of A$0.008 per share to raise approximately A$1million, before costs.
Proceeds from the Placement will be used to replace working capital that was utilised to repay the outstanding secured convertible loan of A$3.7 million (including capitalised interest) from Au Xingao Investment Pty Limited that matured on 8 March 2024. Avenira is currently in discussions with several parties in relation to new note funding.
Commenting on the Placement, Avenira Chairman and Chief Executive Officer, Brett Clark stated:
“We are pleased that we have completed this small placement, with funds to be used for our ongoing working capital requirements. We are looking forward to providing shareholders with further progress on our projects in the coming weeks.”
Petra Capital Pty Ltd acted as Sole Lead Manager and Bookrunner to the Placement.
An indicative timetable for the Placement is set out below. The timetable remains subject to change at the Company’s discretion, subject to compliance with applicable laws and listing rules.
Indicative Timetable
This timetable is indicative only and the Company may, at its discretion, vary any of the above dates, subject to the ASX Listing Rules and the Corporations Act 2001 (Cth) and other applicable laws.
This announcement was authorised for release by the Chairman.
Click here for the full ASX Release
This article includes content from Avenira Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Jindalee Lithium
Overview
Jindalee Lithium (ASX:JLL,OTCQX:JNDAF) is an Australia-based exploration and development company advancing North America’s largest lithium deposit. After a spinout of its Australian assets, Jindalee has become a pure-play lithium company focused exclusively on its promising 100-percent-owned McDermitt project. Jindalee recognises the vast opportunity for lithium projects in the US as the country progresses towards its sustainable energy transition and developing a robust domestic supply chain for critical minerals.
As the US strives to transition to clean energy, demand for lithium will continue to increase as this critical mineral is necessary to achieve the country’s net-zero goals. With its favorable mining policies and infrastructure, the US actively supports the advancement of new projects to strengthen its domestic supply chain.Jindalee’s McDermitt asset, located in southeast Oregon, contains a unique type of lithium mineralisation. Most lithium projects in North America are lithium brine or pegmatite deposits; however, the McDermitt project is an unconventional sediment-hosted lithium asset.
Sediment-hosted lithium deposits such as McDermitt are long-life assets with low strip ratios and low mining costs. Jindalee can leverage this advantage over other lithium assets, both in terms of reaching production faster and reducing operating expenses.
There is currently no commercially operating sediment-hosted lithium project in North America. Two recently announced projects, however, are under development and demonstrate McDermitt’s future trajectory as both companies move toward production.
The 2023 mineral resources estimate (MRE) for McDermitt contains a combined indicated and inferred mineral resource inventory of 3 billion tons at 1,340 parts per million (ppm) lithium for a total of 21.5 million tons (Mt) lithium carbonate equivalent (LCE) at 1,000 ppm cut-off grade. At 21.5 Mt LCE, McDermitt is the largest lithium deposit in the US by contained lithium in mineral resource, and a globally significant resource, with the deposit remaining open to the west and south.
In June 2023, Jindalee commenced a pre-feasibility study (PFS) on the McDermitt Lithium Project appointing Fluor Corporation as lead engineer. The company expects completion of the PFS by mid-2024. Jindalee also announced initial metallurgical results from acid leaching of the beneficiated samples of McDermitt ore. Lithium extraction from composite samples averaged 93 percent (250 micron (µm)) and 94 percent (75 µm) while lithium extraction from all units exceeded 98 percent with higher acid additions.
An experienced management team, with the right blend of experience and expertise in geology, corporate administration and international finance, leads Jindalee to fully capitalise on the potential of its assets.
Company Highlights
- Jindalee Lithium is a pure-play lithium exploration and development company focusing on its flagship McDermitt lithium project, currently the largest lithium deposit in North America.
- The United States has ambitious electrification goals but lacks the critical minerals to reach them. Jindalee aims to strengthen the North American supply chain to enable the country to reach net-zero emissions targets.
- Globally, most of the lithium is currently sourced from either pegmatite or lithium brine deposits. The company’s McDermitt deposit, however, is sediment-hosted, an emerging style of lithium deposit with the potential to be a long-life, low-cost source of lithium.
- There are presently no sediment-hosted lithium assets in North America that have reached production. Jindalee is ideally positioned to help fill this void in the market.
- Other companies in North America are moving towards production, and their progress indicates Jindalee’s future trajectory.
- An experienced management team leads Jindalee towards capitalising on the potential of its assets.
Key Project
McDermitt Lithium Project
The McDermitt Project is located in Malheur County on the Oregon-Nevada border and is approximately 35 kilometres west of the town of McDermitt. The 100-percent-owned asset covers 54.6 square kilometres of claims at the northern end of the McDermitt volcanic caldera. Following positive results from its 2022 drill campaign, the resource at McDermitt has increased to 21.5 Mt LCE, making McDermitt the largest lithium deposit in North America.
Project Highlights:
- Rare Sediment-hosted Lithium Deposits: The McDermitt asset supports low-cost mining operations due to its flat-lying sediments. This type of lithium deposit is amenable to low-cost mining operations, while still producing excellent metallurgical results.
- Resource Increased by 62 percent early 2023: Compilation of the 2022 drilling results saw the estimated indicated and inferred resources at McDermitt increase to 3 billion tons at 1,340 ppm lithium, a 62 percent increase in contained lithium. The updated resource released by the company contains a combined indicated and inferred total of 21.5 Mt LCE at 1,000 ppm cut-off grade.
- Memorandum of Understanding (MOU) with POSCO Holdings: Jindalee entered into an MOU with POSCO Holdings (NYSE:PKX), under which POSCO will fund metallurgical testwork on McDermitt ore and undertake joint research for the asset. POSCO is partnering with General Motors to supply cathode active material (including lithium) for its electric vehicles.
- Fluor recommended processing route: In March 2023, US engineering group Fluor reviewed all testwork undertaken at McDermitt and recommended beneficiation and acid leaching as the optimal processing route.
- Highly encouraging metallurgical testwork: Results from beneficiation and acid leaching tests have exceeded expectations. Beneficiation testwork completed in late 2023 (on sample representing a nominal life-of-mine average feed) recovered 92 percent of the lithium to leach feed and rejected 25.3 percent of the mass at a cut size of 250 µm. Additionally the acid leach test work announced in early 2024 demonstrated very high lithium extraction rates on beneficiated ore. Specifically, the calculated lithium extraction for a composite sample using 250 µm leach feed was 92.9 percent which compares favourably with the extraction rate (94 percent) achieved through testwork from the finer (75 µm) leach feed using 500 kg/t acid. Further testwork is now underway.
- PFS in progress: Jindalee has appointed Fluor Corporation to commence the PFS for McDermitt, set to be completed by mid-2024.
Management Team
Ian Rodger - Chief Executive Officer
Ian Rodger is a qualified mining business executive with almost 15 years of experience in various roles including as a mining engineer for Rio Tinto across two large greenfield mine developments, before successfully transitioning into mining corporate finance where he held Executive and Director positions at RFC Ambrian overseeing origination and management of numerous mandates across a range of corporate advisory roles. Rodger was the project director for Oz Minerals (ASX:OZL) where he made significant contributions to successfully define the value potential of the West Musgrave nickel/copper province through the delivery of a portfolio of growth studies. Most notably, he led technical, market and partnership development workstreams, successfully confirming value potential for producing an intermediate Nickel product for the battery value chain.
Rodger holds a Bachelor of Mining Engineering from the University of Queensland, a Masters of Mineral Economics from Curtin University and is also a graduate of the Australian Institute of Company Directors and member of the Australasian Institute of Mining and Metallurgy.
Lindsay Dudfield - Executive Director
Lindsay Dudfield is a geologist with over 40 years of experience in multi-commodity exploration, primarily within Australia. He held senior positions with the mineral divisions of Amoco and Exxon. In 1987, he became a founding director of Dalrymple Resources NL and spent the following eight years helping acquire and explore Dalrymple’s properties, leading to several greenfield discoveries. In late 1994, Lindsay joined the board of Horizon Mining NL (Jindalee Lithium’s predecessor) and has been responsible for managing Jindalee Lithium since inception. Lindsay is a member of the Australasian Institute of Mining and Metallurgy, the Australian Institute of Geoscientists, the Geological Society of Australia and the Society of Economic Geologists. He is also a non-executive director of Jindalee spin-out companies Energy Metals (ASX:EME), Dynamic Metals (ASX:DYM) and Alchemy Resources (ASX:ALY).
Wayne Zekulich - Non-executive Chair
Wayne Zekulich was appointed to the board as Chair on 1 February 2024. He holds a Bachelor of Business and is a fellow of the Institute of Chartered Accountants. Zekulich is a consultant and non-executive director who has substantial experience in advising, structuring and financing transactions in the infrastructure and resources sectors. He was previously the head of Rothschild in Perth, chief financial officer of Gindalbie Metals Limited, chief development officer of Oakajee Port and Rail and a consultant to a global investment bank. Currently, he is chair of Pantoro Limited (ASX:PNR) and non-executive director of the Western Australian Treasury Corporation. In the not-for-profit sector, he is the past chair of the Lester Prize and is a mentor in the Kilfinan program.
Darren Wates - Non-executive Director
Darren Wates is a corporate lawyer with over 23 years of experience in equity capital markets, mergers and acquisitions, resources, project acquisitions/divestments and corporate governance gained through private practice and in-house roles in Western Australia. Wates is the founder and principal of Corpex Legal, a Perth-based legal practice providing corporate, commercial and resources related legal services, primarily to small and mid-cap ASX listed companies. In this role, he has provided consulting general counsel services to ASX listed company Neometals (ASX:NMT) since 2016, having previously been employed as legal counsel of Neometals. Wates holds Bachelor's degrees in Law and Commerce and a Graduate Diploma in Applied Finance and Investment.
Paul Brown - Non-executive Director
Paul Brown has over 23 years of experience in the mining industry, most recently with Mineral Resources (ASX:MIN) where he was chief executive – lithium, and chief executive – commodities. Brown has held senior operating roles with Leighton, HWE and Fortescue (ASX:FMG) and has a strong track record in technical leadership, project/studies management, and mine planning and management. Brown is currently CEO of Hastings Technology Metals (ASX:HAS). He holds a Master in Mine Engineering.
Brett Marsh - VP Geology and Development (US)
Brett Marsh is an AIPG certified professional geologist and a registered member of the Society for Mining, Metallurgy and Exploration (SME) with over 25 years of diverse mining and geological experience. He has worked for and held senior leadership roles for Kastan Mining, Luna Gold, Kiska Metals, Newmont, Freeport-McMoRan, Phelps Dodge, ASARCO and consulted to deliver numerous NI 43-101 technical reports. Marsh has demonstrated the ability to deliver results in culturally diverse and geographically difficult environments, such as Brazil, Peru, Chile, Democratic Republic of Congo, Ghana, Tanzania, Indonesia, Australia, and has also worked in remote areas of Alaska. He has managed all phases of the mining lifecycle including greenfield and brownfield exploration, project development (including preliminary economic assessments, pre-feasibility and feasibility), project construction, mine operations, and environmental. He successfully led multi-cultural teams to develop business processes and implementation plans for many mine development and operational projects.
Carly Terzanidis - Company Secretary
Carly Terzanidis has 20 years of prior experience in the financial services industry, having been employed by Euroz Hartleys, DJ Carmichael and Shaw and Partners. Terzanidis’ recent experience has been in corporate services and in the role of company secretary for resources-focused entities. Terzanidis acts as company secretary for Alchemy Resources (ASX:ALY), Kalamazoo Resources (ASX:KZR) and Viridis Mining and Minerals (ASX:VMM). Terzanidis holds a Bachelor of Commerce with majors in Accounting and Corporate Administration and a Graduate Diploma in Applied Corporate Governance.
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