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Latin Resources Welcomes New Executive Director and Development Committee Chair

14 February 2024 14:02
ASX: LRS

Latin Resources (ASX:LRS) have announced the appointment of Mr. Peter Oliver as Executive Director and Chairman of the Company’s Development Committee, proactively accelerating efforts to progress the Salina’s Lithium Project into production.

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Figure 1: Mr. Peter Oliver

Experienced New Personnel

Since October 2022, Mr. Oliver has been a valuable member of Latin Resources‘ Board as a Non-Executive Director, playing a crucial role in steering the Company through the rapid expansion of the Salinas Lithium Project.

Latin’s announcement in December showcased a significant 56% increase in the Mineral Resource Estimate for Salinas, totalling 70.3 million tonnes with a high grade of 1.27% Li2O.

This growth was fuelled by a substantial 41% expansion in the Colina Deposit MRE and the inaugural JORC resource at Fog’s Block.

With confidence in Mr. Oliver’s capabilities, Latin is certain he will excel in his new role, leveraging his extensive experience and expertise for the Company’s benefit.

Key Roles

During his tenure as Chief Executive Officer and Managing Director of Talison Lithium, which owns and operates the world’s largest lithium mine, Greenbushes, in Western Australia, he led the Company through exponential growth, culminating in its listing on the Toronto Stock Exchange.

Under his leadership, Talison also underwent major expansions and was eventually acquired by Tianqi Lithium.

Mr. Oliver remained an advisor to Tianqi until March 2022, overseeing further expansions of Greenbushes’ lithium concentrate production capacity and the establishment of Tianqi Lithium’s Kwinana Lithium Hydroxide plant.

Company Comments

Latin’s Managing Director Chris Gale commented on Mr. Oliver’s appointment.

“I am extremely pleased that Peter has decided to take an active role in the development of our Salinas Lithium project in Brazil,” he said.

“Peter brings a wealth of lithium development experience having been the key person to develop the world’s largest lithium spodumene mine, Greenbushes. We are now confident, with Peters vast lithium knowledge and expertise, we can take the next steps of being a lithium developer to becoming a lithium producer in 2026.”

Mr. Oliver added; “Since I joined Latin Resources, we have proved that the Salinas project is without doubt exceptional.”

“As we are now progressing to the development phase, Chris is assembling a world class development team that I am confident will move us to the next phase, that of being a major global producer.”

“As an executive director and Chair of the development committee, I look forward to working with Chris to assist him in building the team, complete the DFS and bring Salinas into production. Undoubtedly an exciting time ahead.”

LRS’s Australian Securities Exchange-listed share price has risen 11.11% and is currently trading at $0.200 (2.00pm UTC+ 8 hours).

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