Last checked at 1 Jun 2023 07:00
01 June 2023
Corporate Update
Board Changes
Keith Muller and Patrick Brindle appointed to the Atlantic Lithium Board
Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to announce the appointments of Chief Executive Officer ("CEO") Keith Muller and Patrick Brindle to the Company's Board of Directors, subject to the completion of normal regulatory due diligence.
Mr Muller was appointed as CEO on 16 May 2023, having joined the Company in November 2022, initially as Chief Operating Officer ("COO"). Mr Muller has over 20 years of operational and leadership experience and a background in hard rock lithium mining and processing, specifically in dense medium separation spodumene processing. He previously held roles as Business Leader and as General Manager at Allkem and, prior to that, as Operations Manager and Senior Mining Engineer at Simec. His involvement at the Mt Cattlin lithium mine in Western Australia during his time at Allkem provides the Company with invaluable experience of operating a successful lithium mine. Mr Muller's appointment as CEO reflects the Company's focus on delivering its Ewoyaa Lithium Project ("Ewoyaa" or "the Project") as Ghana's first lithium mine.
Mr Brindle currently serves as Executive Vice President & Chief Operating Officer at Piedmont Lithium Inc. (NASDAQ: PLL, ASX: PLL, "Piedmont"), a leading global developer of lithium resources. Mr Brindle joins the Board as Non-Executive Director to take up the position available to Piedmont, as detailed in the agreement between the Company and Piedmont (refer announcement of 31 August 2021), which sees Piedmont fund Ewoyaa to production.
Mr Brindle joined Piedmont in January 2018 and, prior to his appointment as Executive Vice President and Chief Operating Officer in March 2022, held roles as Vice President of Project Management and subsequently as Chief Development Officer. Mr Brindle has more than 20 years' experience in senior management and engineering roles and has completed EPC projects in diverse jurisdictions including, but not limited to, the United States, Canada, China, Mongolia, Australia and Brazil. Before joining Piedmont, he was Vice President of Engineering for DRA Taggart, a subsidiary of DRA Global, an engineering firm specialising in project delivery of mining and mineral processing projects globally.
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:
"In Keith and Patrick's appointments, we add considerable engineering and mine management experience to the Atlantic Lithium Board as we proceed towards production at Ewoyaa.
"Keith joins the Board shortly after his appointment as CEO, further aligning his role and responsibilities with the Company's goal of delivering a successful lithium-producing mine at Ewoyaa. Having played a key role in the operation of the Mt Cattlin mine during his time at Allkem, Keith provides invaluable lithium mine operating experience and insight.
"Through his position in the Project's Technical Committee, Patrick has contributed significantly to Ewoyaa's development to date. Piedmont has remained a highly supportive partner of Atlantic Lithium since the funding agreement was completed in August 2021 and Patrick brings with him global mining and mineral process project delivery expertise. We are, therefore, delighted that he has taken up the opportunity to join the Board.
"I look forward to Keith and Patrick's contributions going forward as we move forward to deliver the Ewoyaa Project as Ghana's first lithium-producing mine."
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
For any further information, please contact:
Atlantic Lithium Limited Neil Herbert (Executive Chairman) Amanda Harsas (Finance Director and Company Secretary) www.atlanticlithium.com.au IR@atlanticlithium.com.au | Tel: +61 2 8072 0640
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SP Angel Corporate Finance LLP Nominated Adviser Jeff Keating Charlie Bouverat |
Tel: +44 (0)20 3470 0470 |
Canaccord Genuity Limited Joint Company Broker Raj Khatri James Asensio Harry Rees |
Tel: +44 (0) 20 7523 4500
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Liberum Capital Limited Joint Company Broker Scott Mathieson Kane Collings |
Tel: +44 (0) 20 3100 2000
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Yellow Jersey PR Limited Charles Goodwin Bessie Elliot atlantic@yellowjerseypr.com
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Tel: +44 (0)20 3004 9512 |
Notes to Editors:
About Atlantic Lithium
www.atlanticlithium.com.au
Atlantic Lithium is an AIM and ASX-listed lithium company advancing a portfolio of lithium projects in Ghana and Côte d'Ivoire through to production.
The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium spodumene pegmatite discovery on track to become Ghana's first lithium-producing mine. The Company signed a funding agreement with Piedmont Lithium Inc. towards the development of the Ewoyaa Project. Atlantic Lithium is currently advancing the Ewoyaa Project through feasibility studies and intends to be producing a spodumene concentrate via simple gravity only process flowsheet.
Atlantic Lithium holds 560km2 & 774km2 of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licences.