After its ASX listing got off to a flying start yesterday, lithium explorer Kali Metals Ltd (ASX:KM1) has appointed highly experienced geologist Stuart Peterson as general manager – Geology.
Peterson has extensive experience working as a geologist and exploration manager in the Australian lithium industry, including exploring, discovering and developing world-class lithium projects.
Previously, he held the position of general manager – Geology with Global Lithium, where he was instrumental in driving the success of the Manna Lithium Project in the Goldfields region of Western Australia.
During a 16-year career, Peterson has worked for several ASX-listed, Australian-based critical mineral companies, including Global Lithium Resources Ltd, Nimy Resources Ltd, Neometals Ltd and Lithium Power International Ltd.
He has led the development and execution of exploration programs throughout Australia and overseas, and has experience and expertise in asset valuation and value-adding through targeted field programs.
Peterson was initially appointed by Kali as technical advisor – Geology in November 2023. He holds a Bachelor of Science, specialising in structural geology and is a member of the Australian Institute of Mining and Metallurgy (AusIMM).
Shares soar on ASX listing
The company announced Stuart’s appointment yesterday afternoon after Kali commenced trading on the ASX, following completion of its successful Initial Public Offering (IPO).
The IPO raised $15 million through the issue of 60 million shares at an issue price of $0.25 per share. Shares in Kali ended the day 82% higher at 45.5 cents after trading as high as 47.5 cents per share intraday.
Kali was established from the spin-out of a portfolio of Australian lithium assets in Western Australia, New South Wales and Victoria owned by ASX-listed Kalamazoo Resources Ltd combined with TSX-listed Canadian gold miner Karora Resources Inc. and its highly prospective lithium mineral rights across an extensive range of projects south of Kalgoorlie, known as the Higginsville Lithium Project.
Another step to fast-track high-priority targets
Kali Metals managing director Graeme Sloan said: “We are delighted to appoint Stuart as general manager – Geology on the same day as Kali Metals commences trading on the ASX.
“The appointment is another step along the pathway to fast-track Kali’s multiple high-priority targets. Stuart brings significant experience across the Western Australian lithium sector to the company, including the Pilbara region and the Higginsville area in the Eastern Yilgarn.
“Importantly, in the two months Stuart was contracted by Kali as technical advisor – Geology, he has used his significant lithium skill set to help plan the next phase of the company’s upcoming exploration programs in Western Australia, New South Wales and Victoria.
“Following the appointment of Stuart and the successful completion of IPO, the company will now focus on the release of their results from recent field programs and commence planning on the next phase of work, such as our initial drilling programs.
“With a busy year ahead for Kali, we look forward to Stuart’s ongoing role driving these programs.”