Kali Metals Ltd (ASX:KM1) has appointed highly experienced mining executive and current non-executive director Paul Adams as the company’s new managing director, commencing on July 1, 2024.
Adams will take over the role currently held by Graeme Sloan who will retire as managing director but will remain with the company in a non-executive director role and assist with the transition.
Mining experience
The company expects to benefit from the new MD’s more than 20 years of experience in the mining industry in exploration, open pit and underground operational roles both in Australia and overseas.
He has more than 10 years of experience as the head of Equities Research at a well-known Perth stockbroking company, specialising in small to mid-cap resource companies.
“Exciting phase”
Kali Metals’ chairman Luke Reinehr said: “Kali Metals is delighted to appoint Paul to lead the company during this exciting exploration phase, particularly as he has played an instrumental role in the company’s Initial Public Offering (IPO) and subsequent listing on the ASX in January this year.
"Paul brings a strong combination of high-level technical expertise, experience and commercial insight to the role and is well-placed to maximise the potential of Kali Metals’ highly prospective exploration portfolio.
"On behalf of the board, I would like to acknowledge and thank Graeme Sloan for his outstanding efforts, commitment and enthusiasm in leading Kali Metals through the IPO process, and we look forward to his ongoing contributions as a non-executive director.”
Adams is currently an executive director of Kalamazoo Resources Ltd (ASX:KZR), a 20.22% shareholder in Kali Metals, and a non-executive director of Meeka Metals Ltd (ASX:MEK), having previously served as managing director of Spectrum Metals Ltd.
He will transition to non-executive director of Kalamazoo commensurate with his appointment as managing director of Kali Metals.
“Great deal of work ahead”
Incoming managing director Paul Adams said: “Having been closely associated with Kali Metals since its inception, I am very much looking forward to assuming the role of managing director from July 1 this year.
"We have only just begun our exploration journey and we have a great deal of work ahead of us across our three highly prospective project areas in Australia.
"I look forward to working with our technical and support teams to make Kali Metals a successful company for our shareholders and all our stakeholders.”
Adams holds a Geology Degree (Honors) from Derbyshire University and a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australia.