REG - Atlantic Lithium Ltd - Board Changes

Atlantic LithiumAnnouncement

01/06/2023 07:00

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RNS Number : 3151B  Atlantic Lithium Limited  01 June 2023

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                                           Tel: +61 2 8072 0640

 Neil Herbert (Executive Chairman)

 Amanda Harsas (Finance Director and Company Secretary)

 www.atlanticlithium.com.au (http://www.atlanticlithium.com.au)

 IR@atlanticlithium.com.au

 SP Angel Corporate Finance LLP                                     Tel: +44 (0)20 3470 0470

 Nominated Adviser

 Jeff Keating

 Charlie Bouverat

 Canaccord Genuity Limited                                          Tel: +44 (0) 20 7523 4500

 Joint Company Broker

 Raj Khatri

 James Asensio

 Harry Rees

 Liberum Capital Limited                                            Tel: +44 (0) 20 3100 2000

 Joint Company Broker

 Scott Mathieson

 Kane Collings

 Yellow Jersey PR Limited                                           Tel: +44 (0)20 3004 9512

 Charles Goodwin

 Bessie Elliot
 atlantic@yellowjerseypr.com (mailto:atlantic@yellowjerseypr.com)

Notes to Editors:

 

About Atlantic Lithium

www.atlanticlithium.com.au (http://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 560km(2) & 774km(2) of tenure across Ghana and
Côte d'Ivoire respectively, comprising significantly under-explored, highly
prospective licences.

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