Core Lithium Ltd (ASX: $CXO) announces appointment of new CEO

Core Lithium Ltd (ASX: $CXO) has appointed Paul Brown as Chief Executive Officer, effective 4 June 2024, following a comprehensive domestic and global search process. Mr Brown's extensive leadership experience in the Australian resources industry, particularly in lithium mining and operations, makes him the ideal candidate for this position.

Board and new CEO's comments on the appointment

Core's Chair Greg English expressed confidence in Mr Brown's ability to lead the company, emphasizing his extensive experience and proven track record in the Australian mining industry. Mr Brown, in turn, expressed his honor to lead Core and outlined his focus on operational review of the Finniss Lithium Project and opportunities for the exploration program to grow resources.

Summary of the appointment and future outlook

The appointment of Paul Brown as the new CEO of Core Lithium Ltd marks a significant development for the company as it prepares to restart mining at Finniss in a cost-efficient and sustainable manner. With Mr Brown's extensive experience and focus on operational review and exploration program, Core aims to transform its operations and develop a sustainable lithium project. The Board's confidence in Mr Brown's ability to guide Core's activities in response to the low-price lithium environment reflects the company's ambitions for sustained value generation and growth in the critical minerals exploration and mining sector.