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OAR appoint Paul Stephen as CEO

8 November 2022 09:36
ASX: OAR

Oar Resources has its man, with the effective immediate appointment of Paul Stephen as chief executive.

The new CEO comes steps in with a demonstrated record of delivering exploration projects from discovery to production.

As co-founder and executive director of Crusader Resources, Stephen oversaw the Posse Iron Ore mine coming alive on top of discovery and delineation of over 2.6 million gold ounces and a market valuation exceeding $160 million.

Now Stephen joins OAR operations as it moves on forging up a portfolio brimming with battery potential, including a new lithium acquisition being primed towards drill-readiness.

The company said it would take full advantage of Stephen’s skill set to drive shareholder value.

“We are delighted to have Paul as the CEO at this important point in the Company’s development, to assist OAR in progressing its battery metal projects portfolio which includes a graphite project in South Australia and a lithium project in Western Australia,” chair Chris Gale said.

“Paul brings a wealth of experience, having delivered projects from discovery through to production, which will help ensure OAR successfully delivers the next phase of its critical mineral development strategy.”

OAR’s Australian Stock Exchange-listed share price was trading at 0.6c today (9.28 am UTC+ 8 hours).

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