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Pursuit Minerals Limited Appoints Aaron Revelle as CEO and Managing Director

3 July 2023 14:41
ASX: PUR

As focus shifts towards its Rio Grande Sur Project in Argentina, Pursuit Minerals Limited (ASX: PUR) has announced that its current COO Aaron Revelle will take the reins and lead the company as its CEO and Managing Director, bringing his extensive experience in the lithium sector to task on the emerging lithium brine project.

Impressive Track Record

Revelle brings over 15 years of experience as a senior mining executive, specialising in the development and founding of natural resources companies with a focus on bringing resource deposits into production. His impressive track record and expertise in the mining industry have garnered him recognition as a key figure in the sector.

Of particular interest to Pursuit is Revelle’s extensive experience in the Argentinian lithium sector, with Revelle being a founding member of both Centaur Resources and Trilogy Minerals, who previously held and developed the Rio Grande Sur projects up until Pursuit acquired both the company and project in March this year.

On top of his history with Rio Grande Sur, Revelle also has proven experience in taking Argentinian Lithium Brine projects into development from his time at Centaur, where he worked to develop the Pastos Grandes Salar project to the point that it was sold to Arena Minerals for an astounding A$23 million in late 2020, with Arena Minerals subsequently being acquired by Lithium Americas Corp for a substantial A$340 million in December 2022.

Revelle has also been involved in the development and founding of various companies with a focus on lithium exploration projects located in Argentina’s Hombre Muerto and Rincon Salars.

Significant Contributions

Since joining Pursuit as COO following the company’s acquisition of Trilogy, Revelle’s in-country experience and network have already provided substantial contributions to the company and have enabled him to drive value-add activities and implement strategic initiatives as the company continues to develop Rio Grande Sur.

Some notable achievements under his leadership include the fast-track grant of the large Mito tenement, securing an option to acquire a lithium carbonate pilot plant (with due diligence nearing completion), lodgement of environmental applications for drilling at southern tenements (drilling expected in Q3/Q4 2023), conducting a TEM survey nearing completion to define drilling targets, and planning a CSAMT survey to explore the off-salar potential of the large Mito tenement, set to begin in the first weeks of July 2023.

Looking Forward

Covering approximately 3000 hectares of the massive Rio Grande Sur, which hosts an inferred resource of 2.1 million tonnes LCE reported by an existing Canadian National Instrument, it is obvious why Pursuit has shifted its focus to this promising project, with it having witnessed rapid progress since the acquisition.

And Revelle’s appointment looks to accurate development even further, with Pursuit Chairman, Peter Wall, expressing that Revelle’s background in lithium projects, along with his extensive operating experience in Argentina, positions Pursuit for a significant advantage in advancing the Rio Grande Sur Project forward towards successful production.

“Aaron was the main driver behind the generation of the Rio Grande Sur Project and his background in lithium projects, together with his extensive operating experience in Argentina, provides the Company and its shareholders with a significant head-start in terms of advancing the project towards production,” Wall remarked.

Bob Affleck, the outgoing CEO and Managing Director, played a major role in the development of the Company and its assets. The Pursuit board acknowledged his contributions and wished him well in his future endeavours.

PUR’s Australian Stock Exchange-listed share price has risen 7.14 per cent and is currently trading at 1.5c (11.15 am UTC+ 8 hours).

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