Brief: Core Lithium Says Gareth Manderson Will Step Down As CEO

Core Lithium

12/03/2024 06:10

March 12 (Reuters) - Core Lithium Ltd  CXO.AX :
    * CEO TRANSITION
    * GARETH MANDERSON WILL STEP DOWN AS CHIEF EXECUTIVE OFFICER
    * CONTINUES TO PROCESS ORE STOCKPILES TO PRODUCE SPODUMENE
CONCENTRATE FOR SALE TO CUSTOMERS
    * CORE IS RESTRUCTURING ITS BUSINESS IN RESPONSE TO DRAMATIC
DECREASE IN SPODUMENE PRICE
    * APPOINTMENT OF JAMES VIRGO AS INTERIM CFO
    * DOUG WARDEN, CORE'S CURRENT CFO, WILL ASSUME ROLE AS
INTERIM CEO
    * MINING OPERATIONS AT FINNISS SUSPENDED, BUT CONTINUES TO
PROCESS
ORE STOCKPILES TO PRODUCE SPODUMENE CONCENTRATE
    * REVIEWING LOCAL AND REGIONAL PROSPECTIVITY OF LITHIUM
TENEMENTS
AND POTENTIAL OF CO'S GOLD, URANIUM AND BASE METAL PROJECTS

Further company coverage:  CXO.AX 

 ((Reuters.Briefs@thomsonreuters.com;))