Resource News

The board of International Lithium Corp. is pleased to announce the completion of the sale of its 49% stake in the Mavis Lake lithium project in Ontario to Critical Resources Ltd. in line with the announcement made on October 25, 2021 whereby CRR buys 100% of the claims from the Company and its partner Essential Metals Ltd.HighlightsFollowing completion of the Mavis Lake sale and the sale of its remaining stake ...

The board of International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce the completion of the sale of its 49% stake in the Mavis Lake lithium project in Ontario to Critical Resources Ltd. in line with the announcement made on October 25, 2021 whereby CRR buys 100% of the claims from the Company and its partner Essential Metals Ltd.

Highlights

  • Following completion of the Mavis Lake sale and the sale of its remaining stake in Mariana to Ganfeng Lithium in October 2021, ILC now has CAD$ 12.9m of cash and marketable securities.
  • Proceeds of the Mavis Lake sale being used to strengthen balance sheet further to fund exploration program in Raleigh Lake, where ILC now has claims of 47,700 hectares, and to progress acquisition of other properties
  • Upon completion of the Mavis Lake sale, ILC has received AUD 0.75m (CAD$ 0.69m) and share consideration of 34,000,000 shares in Critical Resources Ltd at a deemed value of AUD 748,000 calculated at a share price of AUD 0.022 per share.
  • At CRR's current share price of AUD 0.041, ILC's stake in CRR now has a market value of about AUD 1.39m (approximately CAD$ 1.28m).
  • Further payments of upto AUD 1.5m (approximately CAD$ 1.38m) are payable to ILC depending on the achievement by CRR or any successor company of certain resource milestones at Mavis Lake.
  • In the event of achievement of Mavis Lake resource milestones, ILC would receive
    • AUD 0.75m in cash following the definition of a Mineral Resource Estimate (as defined in the JORC Code 2012) for the Project with a volume of not less than 5.0 million tonnes containing not less than 50,000 tonnes of Li2O using a cut-off grade of not less than 0.4% Li2O
    • a further AUD 0.75m in cash following the definition of a Mineral Resource Estimate (as defined in the JORC Code 2012) for the Project with a volume of not less than 10.0 million tonnes containing not less than 100,000 tonnes of Li2O using a cut-off grade of not less than 0.4% Li2O
  • A royalty obligation of ILC and its partner Essential Metals to Rich Resource Investments Ltd in respect of the Fairservice claims at Mavis Lake has been assumed by CRR, and ILC has in turn agreed to give up the NSR which it had on Mavis Lake.

John Wisbey, Chairman and CEO of ILC, commented as follows :

"We are pleased to be able to kick off the New Year with the completion of the Mavis Lake sale, and we congratulate CRR on their good execution at Mavis Lake and their fund-raising. ILC remains deeply committed to Ontario with our claims at our 100% owned Raleigh Lake lithium and rubidium project near Ignace, Ontario now totalling over 47,700 hectares, and we are glad to be able to focus our Canadian efforts on that major project. We retain a further CAD$ 1.38m of upside in further payments at Mavis Lake if CRR achieves the hoped for results there. Our strong cash and marketable securities position of CAD$ 12.9 m equivalent equips us very well for the next phase of exploration at Raleigh Lake and for other projects under consideration."

About International Lithium Corp.

International Lithium Corp. believes that the '20s will be the decade of battery metals, at a time that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. Our key mission in this decade is to make money for our shareholders from lithium and rare metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. In addition, we have seen the clear and growing wish by the USA and Canada to safeguard their supplies of critical battery metals, and our Canadian Raleigh Lake property is strategic in that respect.

A key goal has been to become a well funded company to turn our aspirations into reality, and following the disposal of the Mariana project in Argentina in 2021 and the Mavis Lake project in Canada in January 2022, the Board of the Company considers that ILC is already well placed in that respect with a strong net cash position.

International Lithium Corp. has a significant portfolio of projects, strong management, and strong partners. Partners include Ganfeng Lithium Co. Ltd., ("Ganfeng Lithium") a leading China-based lithium product manufacturer quoted on the Shenzhen and Hong Kong stock exchanges (A share code: 002460, H share code: 1772).

The Company's primary strategic focus is now on the Raleigh Lake lithium and rubidium project in Canada and on identifying additional properties.

The Raleigh Lake project now consists of over 47,000 hectares (470 square kilometres) of adjoining mineral claims in Ontario, and is ILC's most significant project in Canada. The exploration results there so far, which are on only about 5% of ILC's current claims, have shown significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

Complementing the Company's rare metal pegmatite property at Raleigh Lake, are interests in two other rare metal pegmatite properties in Ontario, Canada known as the Mavis Lake and Forgan Lake projects, and the Avalonia project in Ireland, which encompasses an extensive 50-km-long pegmatite belt.

Mavis Lake, sold to Critical Resources in January 2022, stands to earn ILC up to a further CAD$1.4m if certain resource targets are achieved by CRR. If CRR were to sell or joint venture the Mavis Lake claims in future, this further payment obligation would pass to any future owner of the claims. ILC and its former partner Essential Metals Ltd would have a right of first refusal to buy the claims back if CRR had not achieved and made additional payment for the first additional payment milestone.

The Forgan Lake project will, upon Ultra Resources Inc. meeting its contractual requirements pursuant to its agreement with ILC, become 100% owned by Ultra Resources, and ILC will retain a 1.5% NSR on Forgan Lake.

The ownership of the Avalonia project is currently 55% Ganfeng Lithium and 45% ILC. Ganfeng Lithium has an option to earn an additional 24% by either incurring CAD$ 10 million expenditures on exploration activities by September 2024 or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithium and 21% ILC. In the event that ILC does not contribute to the project after that, and its share consequently falls below 10% of the project, its share will be substituted by a 1% NSR.

With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil", and is a key part of a "green tech" sustainable economy. By positioning itself with projects with significant resource potential and with solid strategic partners, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.

Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, has verified the disclosed technical information and has reviewed and approved the contents of this news release.

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

For further information concerning this news release please contact +1 604-449-6520

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Avalonia projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, budgeted expenditures and planned exploration work on the Avalonia Joint Venture, satisfactory completion of the sale of mineral rights at Forgan Lake, increased value of shareholder investments, and assumptions about ethical behaviour by our joint venture partners where we have them. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109101

News Provided by Newsfile via QuoteMedia

ILC:CA
International Lithium Corp. Announces Passing of Director

International Lithium Corp. Announces Passing of Director

The board of International Lithium Corp. (TSXV: ILC) much regrets to announce the unexpected death of Nicholas Davies, Non-executive Director. Nick was only aged 51 and was a good and valued colleague as well as an energetic person with a high work ethic. He should have had so many more years of active life. Our condolences go to his family and to his close friends.

On behalf of the Company,

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International Lithium Corp. Outlines Tanco-Style Targets With Up to 339 PPM Caesium From Lithogeochemical Survey Results at Raleigh Lake Lithium and Rubidium Project in Ontario, Canada

International Lithium Corp. Outlines Tanco-Style Targets With Up to 339 PPM Caesium From Lithogeochemical Survey Results at Raleigh Lake Lithium and Rubidium Project in Ontario, Canada

International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce results from the lithogeochemistry program on the Company's 100% owned Raleigh Lake lithium, caesium and rubidium project in Ontario, Canada. Further to a news release dated December 16, 2021, early analysis of the results confirms there are over 15 new coincident lithium, caesium and rubidium anomalies in predominantly meta-volcanic host rocks. These targets within the newly surveyed portion of the Raleigh Lake Greenstone Belt are highly prospective for Tanco-style lithium bearing pegmatite mineralization.

Highlights

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International Lithium Corp. Reports Results of 2021 Annual General Meeting

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International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce that all resolutions proposed at the Company's annual general and special meeting of shareholders held on December 29, 2021 were passed. All agenda items outlined in the information circular for the meeting were approved and all director nominees were elected, with over 99% of votes cast in favour of all the motions. The directors elected for the ensuing year were: John Wisbey, Maurice Brooks, Nicholas Davies, Anthony Kovacs and Ross Thompson.

About International Lithium Corp.

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Iconic Minerals Ltd. CEO, Richard Kern, comments: "With funding in place and our Plan of Operation (PoO) filed with the BLM, the Company will complete a major expansion of its exploration and development program in 2022. The transition from resource to reserve and moving toward completion of a Pre-Feasibility Study (PFS) is a major step forward in defining this major Lithium deposit."

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Lake Resources NL Chairmans Address - Annual General Meeting

Sydney, Australia (ABN Newswire) - Ladies and Gentlemen, my name is Stuart Crow, I am a fellow shareholder and Non-Executive Chairman of Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF). I'm excited to report to you on the recent activity of your company, it's been a great year for Lake Resources!

The year has been one of significant achievement and growth for Lake as the transition to electrification of transport gathers pace globally, but not without the challenges arising from continued disruption due to the impacts of the global pandemic. Your company has performed well.

As we start 2022 the final numbers on EV sales are still being gathered but it has been reported sales of EV's globally has surpassed estimates and looks to be in the order of 6.5million vehicles, more than double 2020 numbers, with many new models due for release this in the next 12 months. Volume growth and demand looks to be rising although challenged by battery raw material shortages. Deficits are forecast to last well into the next decade as demand growth goes exponential and the supply response is muted and linear at best, providing an exceptional opportunity for your company as we look to advance our Kachi project toward production in 2024 and bring our three other lithium brine projects rapidly into development.

Activity in 2021 has set a very strong foundation for us in 2022, a year that will surpass any in the company's history in terms of growth and achievement to date.

In this year we intend to deliver the following outcomes for shareholders:

1) On-site demonstration plant, production of samples for potential off-takers (March)
2) Off-take (ongoing)
3) DFS, ESIA and permitting (Mid 2022)
4) Completion of project financing (Mid 2022)
5) Construction activities (H2/22)
6) DFS expanded to 50,000tpa (complete)
7) Production of High Purity Lithium Carbonate at Kachi (H2/24)
8) Expanded exploration activity & test work across three other projects (2022)

We finished 2021 in a very strong financial position having secured expressions of interest from UKEF and EDC for the project debt whilst having significant cash reserves at bank, deep in the money options to be exercised in June 2022 and a commitment from our technology partner to fund their share of project finance as we commence construction at Kachi.

We continue to advance offtake discussions with a growing number of potential partners and customers. The rising prices of lithium across global markets is delivering an exceptional opportunity for your company. Lake is now one of only a few remaining companies with near term production ambitions that remain independent, and we intend to remain so as supply chain issues come to the fore. With increased efforts underway to build out new home-grown supply chains across Europe and North America we see a significant opportunity to be a part of that growth. Lake's high purity product is highly sought after as audited sustainable supply chains become required to access significant government assistance in Europe and no doubt other parts of the world in time.

The ever-expanding gap between demand and supply has motivated your board to expand our DFS to 50,000tpa in recent times as part of an aspirational corporate target to deliver 100,000tpa or more of high purity sustainably produced lithium product to market by 2030. Your board is increasingly confident in delivering this target as Lake has the benefit of using Direct Lithium Extraction to extract the lithium from the brines that delivers much higher recoveries than traditional methods and it's also an extremely scalable process delivering a sustainable high purity product that is keenly sought by the market.

I would like to take this opportunity to thank shareholders for their continued support of their company with our fundraising efforts, the high participation of shareholders in the bonus options programs has set the company up for a very exciting future and its pleasing to see shareholders prosper as the company continues to grow. This year we have also welcomed a growing number of large institutional investors onto our register for the first time as well as a number of ESG funds and impact investors from international markets, we are pleased to have their continued support and interest in our projects.

Our company could not have achieved the growth and success it has over the last 18 months without a great team on the ground both in Argentina and here in Australia and my thanks to all employees, partners, consultants and bankers globally and of course my fellow board members for their commitment through very trying and disruptive times, I am truly grateful for your continued support and for the great work you do, thank you.

The year ahead, whilst challenging, I suspect will be the company's best year yet as we move into construction phase of the Kachi project and continued development of other projects.

I look forward with great anticipation, excitement, and pride as a founding shareholder as your company strives to become one of the world's leading suppliers of high purity lithium products.

Thank you.
Stuart Crow
Chairman
Lake Resources NL

To view the AGM Presentation, please visit:
https://www.abnnewswire.net/lnk/0NW381B3



About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world's lithium is produced at the lowest cost.

This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.



Source:
Lake Resources NL

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Green Technology Metals Logo

Green Technology Metals


Overview

Lithium prices have surged in the new year as an earlier than expected supply shortage, combined with the well-established battery and electrification thematic, fuels robust global demand. With only one operating lithium mine in North America, the United States has recognised its looming domestic lithium supply problem. In response, the National Blueprint for Lithium Batteries was developed to supply the rapidly growing EV market, support long-term U.S. economic competitiveness and meet national security requirements.

Already home to Electrovaya’s 200MWh facility in Ontario, Canada is considered a cornerstone of the battery supply chain and an important partner to the US. In recognition of this, UK-based Britishvolt and locally based Stromvolt are planning new gigawatt-hour scale cell manufacturing facilities in Canada. Naturally, companies with lithium projects proximate to growing downstream infrastructure present an interesting opportunity for investors.

Green Technology Metals Limited (ASX:GT1) is a mineral exploration company that recently listed on the ASX and is focused on the sustainable development of a portfolio of high-grade lithium projects in Ontario, Canada. The company’s current exploration program is targeting rapid and substantial expansion of what is already a significant resource base. Targeted future development of its lithium projects is focused on utilisation of regional low-carbon power sources, most particularly significant hydro power options. Green Technology Metals is led by a premier Board and senior management team with a track record of successfully delivering sustainable hard-rock lithium projects around the world.

Green Technology Metals

“We are perfectly located right in the beating heart of a growing North American battery ecosphere. You've got all of the downstream players nearby –– lithium converters and battery makers are popping up everywhere, said Green Technology Metals CEO Luke Cox.

Company Highlights

  • Portfolio of three highly prospective lithium projects located in Canada including an existing JORC Mineral Resource estimate at the Seymour Project of 4.8 Mt at 1.25% Li2O (2.1 Mt Indicated and 2.7 Mt Inferred).
  • Phase 1 11-hole 3,500m drilling program at Seymour underway and due for completion in March 2022. Assay results for the first completed step-out hole have returned a thick and continuous intercept of 40m @ 1.54% Li2O (from 244m downhole), confirming the company’s geological modelling and drill targeting.
  • A sustainability focused business with strong ESG credentials. Green Technology Metals is actively evaluating low-carbon energy solutions and is targeting access to the Hydro One hydro power interconnector, delivering responsibly sourced power to future development of its lithium assets.
  • The company is led by a proven hard-rock lithium team with a successful track record of project delivery, including John Young (founder of Pilbara Minerals Limited, ASX:PLS, Mkt Cap A$6.2bn), Cameron Henry (founder of Primero Group Limited, EPC and Operations contractor to Piedmont’s North American Lithium Hydroxide Plant) and Patrick Murphy (Managing Director AMCI Group, a specialist natural resources group).

Green Technology Metals Portfolio

The company’s portfolio consists of the Seymour, Root and Wisa Projects located in Ontario, Canada. The projects are ideally placed to supply spodumene concentrate to a range of future converters, both locally and within the United States. Existing resource and exploration targets are just the beginning of the lithium deposition potential across the company’s landholding. Management believes that limited historical exploration combined with high prospectivity represents very strong discovery and exploration upside potential.

Green technology metals

Seymour

The Seymour Project is located in Northwest Ontario, Canada. It is situated approximately 60 kilometers from the town of Armstrong and approximately 230 kilometers from the major town and port of Thunder Bay.

In the 1950s, regional exploration began on the property conducted by government geologists, which eventually delineated an Archean Greenstone Belt.

Seymour now holds a JORC Mineral Resource estimate of 4.8 Mt at 1.25% Li2O (2.1 Mt Indicated and 2.7 Mt Inferred). The resource is open both along strike and down dip.

The project also possesses a defined Exploration Target of 22 to 26 Mt at 0.8% to 1.5% Li2O, with 7 kilometers of strike identified. There are also numerous discrete pegmatite occurrences exposed at surface with rock chip samples returned lithium grades up to 4.54 Li2O.

Seymour

Through the second half of 2021 Green Technology Metals completed a significant initial work program including review of historical exploration, drilling and mining information to build a geological database and model of Seymour. In addition, new LIDAR, aerial photography, composite 3D mapping and geophysical surveying of the property was completed.

An 11-hole 3,500m drilling program at Seymour is now underway and due for completion in March 2022. Assay results from the first completed step-out drill hole have returned a thick and continuous intercept of 40m @ 1.54% Li2O (from 244m downhole), confirming the Company’s geological modelling and drill targeting. This result represents an excellent start to the program and delivers immediate potential for growth in the existing Seymour Mineral Resource estimate.

Green Technology Metals plans to provide an updated Mineral Resource estimate during Q2 2022, post completion of the current drilling program.

Seymour Project

Root

The Root Project is located in Northwest Ontario, Canada. It is situated near the town of Slate Falls and approximately 300 kilometers from Thunder Bay.

Green Technology Metals has the rights to patented claims and a mining lease over the McCombe area, which hosts a dense pegmatite swarm. The pegmatite swarm was identified with implicit modelling and features significant grades and widths of up to 20 meters thick

The Root Project has a defined 4.8 kilometer Exploration Target of 20 to 24 Mt at 0.8% to 1.5% Li2O. Historical drilling confirmed depths greater than 100 meters. It also hosts four prospects with outcropping pegmatites offering walk-up drill targets.

Root Project

Wisa

The Wisa Project is located in Northwest Ontario, Canada. It is situated 8 kilometers from the US border and approximately 100 kilometers from the town of Fort Francis in the US. The project spans 18.9 square kilometers and is accessible by an established all seasons road that is 40 kilometers from the Trans-Canada Highway.

The Wisa Project is historically underexplored and has a defined Exploration Target of 8 to 10 Mt at 0.8% to 1.5% Li2O, which is supported by exploration results. The project hosts a primary pegmatite with widths exceeding 20 meters and a 1.5 kilometer corridor of mapped surface exposed pegmatite occurrences.

Wisa Project

Board and Management Team

John Young - Chairman

John Young is a highly experienced geologist. Young was a co-founder and executive director of Pilbara Minerals Limited (ASX: PLS) which is a successful ASX200 lithium producer. Young played a critical role in growing Pilbara from a junior ASX-listed company to a globally significant $2 billion lithium producer in the Pilbara region of Western Australia. Young currently serves as a non-executive director of ASX-listed Bardoc Gold Limited, Trek Metals Limited and RareX Limited.

Cameron Henry - Non-Executive Director

Cameron Henry is the founding managing director of Primero Group Limited, an engineering and construction contractor which holds globally recognised expertise in lithium processing and operations. At Primero Group, he led the company’s strategic and operational direction resulting in its successful listing on the ASX in 2018 and rapid growth globally.

He has been instrumental in positioning Primero Group to grow within the resources sector as a leader in sub-$300 million CAPEX EPC projects. His contribution includes ensuring Primero Group can differentiate its services offering across design, construction and operation. Primero Group now operates in several regions globally with annual revenues of approximately A$400 million.

Henry has over 20 years of industry experience in the development and delivery of minerals processing, energy and infrastructure projects across Australia, Indonesia and North and South America.

He has been a member of the Australian Institute of Company Directors since 2013. He has also previously held non-executive roles with ASX-listed resource company Titan Minerals Limited.

Patrick Murphy - Non-Executive Director

Patrick Murphy is a managing director at AMCI which is a specialist natural resources group. AMCI is a highly successful and fully integrated global business with exploration, development, production, processing, logistics and marketing expertise, inclusive of substantial bulk materials interests.

Murphy is an experienced mining investment professional. He has spent 13 years at AMCI and the global investment group Macquarie. He has specialized in deploying capital in the raw materials and mining industries for his entire career and is head of AMCI's iron ore business.

Murphy has global experience and a proven pedigree in identifying and successfully executing value-enhancing initiatives in the industry. He holds board positions for several AMCI companies.

Robin Longley – Non-Executive Director

Robin Longley is a geologist with extensive experience in global resources across the gold, nickel, cobalt, lithium and iron ore sectors. His experience includes the role of Managing Director at Helios Gold Limited. Before that, Longley was the general manager of geology for Sundance Resources in Africa from 2007 to 2015.

Longley has an impressive track record of successfully managing and executing exploration programs in a range of different locations. Longley has also delivered progressive results and mineral resources to bring shareholder value and underpin the development of mineral projects.

Longley is well-respected in the industry for his professional integrity, resource growth achievements and commercial leadership.

Longley is the managing director and CEO of Ardiden Limited.

Luke Cox - Chief Executive Officer

Luke Cox is a Professional Geologist and mine manager who has worked in the mining industry for over 25 years. His experience has encompassed exploration, mining and mining finance. Cox’s experience ranges across an extensive range of commodities, including nickel, cobalt, lithium, gold, iron ore and diamonds.

Cox has been involved in developing a considerable number of mineral deposits, including Murrin Murrin, Mlibizi, Mali Green, Binduli, Davyhurst, Francis Creek, Edna May, Greenfinch, Carina, Wodgina and Sunrise. Cox has also been involved in all stages of development from exploration to project feasibility, financing, mine development and operations.

Cox has worked in Europe, Africa, North and South America, the United Kingdom and Australia. He has been an integral part of the owners’ teams of numerous LSE, ASX, TSX-listed exploration and mining companies. Cox has worked extensively with these companies at both the board and executive levels. He also has significant experience in technical and commercial diligence with off-take customers, mining companies and investment groups.

Matt Herbert - General Manager North America

Matt Herbert is a multi-commodity geologist with more than 20 years of experience in mining, processing and rail that spans Australia and PNG. This experience includes start-ups, expansions and end-of-life mining environments.

He has a proven track record in high-intensity and large-scale operations with companies such as Rio Tinto and Fortescue Metals where he has undertaken management roles across the integrated supply chain.

Herbert is a well-respected member of the West Australian mining community.

Joel Ives - Chief Financial Officer and Company Secretary

Joel Ives is a finance and business advisory executive that specialises in CFO, accounting, and company secretarial services. Ives also specialises in mergers and acquisitions for private companies and ASX-listed and public small-cap companies across various industries.

Ives currently acts as the company secretary to Harvest Technology Ltd. (ASX:HTG), DigitalX Limited (ASX:DCC), Kuniko Limited (ASX:KNI) and OliveX Holdings Limited (NSX:OLX).

John Winterbottom - General Manager Technical Services

John Winterbottom is a professional geologist with over 25 years of experience in mining and exploration. His experience spans a large range of hard rock commodities, including gold, base metals, laterite nickel/cobalt and iron ore in both open-pit and underground settings. He has managed mining and exploration teams from junior to mid-tier companies. Winterbottom has experience transitioning projects from greenfield concept targets through advanced exploration, PEA, PFS, DFS, project development and operation.

Winterbottom has experience in Africa, Canada and Australia in a wide range of geological settings and deposits, including Fosterville (Kirkland Lake Gold), Rosebery (MMG), Dikilushi (Mawson West), Mt Rawdon (Evolution), Cracow (Evolution), Edna May (Evolution), Frances Creek (Territory Resources), Murrin (Minara Resources), the Superpit (KCGM) and Golden Grove (Newmont).

Winterbottom has extensive experience in ASX and TSX-listed companies. He has worked closely with executive teams and boards to maximize shareholder returns.

Andrea Johnstone - ESG and FN Manager

Andrea Johnstone has more than 10 years of experience in environment and governance compliance across large-scale mining operations that span Australasia and the Americas.

She has a deep knowledge of regulatory protocols required for start-up, steady-state and closure mining requirements. She brings with her a diverse range of experience, including approvals, setting up governance frameworks and managing operational compliance. During her career, she has continued to nurture strong stakeholder relationships in local indigenous communities. Johnstone has also fostered harmonious outcomes for mining companies and First Nations groups.

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