Stelar Metals Ltd has shown confidence in the ability of chief executive officer Colin Skidmore to continue driving the company’s lithium strategy by extending his executive services agreement for another two years.
The extension takes the CEO’s contract with the company out to December 2025.
Skidmore, an exploration geologist with more than 25 years of industry experience, began in the CEO role at Stelar in December 2021 prior to the company’s successfully oversubscribed initial public offer (IPO) in March 2022.
“Diligence and dedication”
Stelar Metals chairman Stephen Biggins said: “The Stelar board acknowledges Colin’s demonstrated diligence and dedication to the role as well as the stewardship he has brought to the company.”
Skidmore has had experience in a number of mineral commodities covering a broad range of national and international jurisdictions.
He is the former vice president of Exploration and Geology at Uranium One and has held senior management roles with Pepininni Minerals, Investigator Resources and Core Lithium.
Role in Finniss project
At Core Lithium, Skidmore was the exploration manager who, with Stelar Metals chairman Stephen Biggins, led the team that identified and acquired the Finniss Lithium Project in the Northern Territory.
Earlier this year, Skidmore identified and facilitated the acquisition of the Trident Lithium Project in NSW for Stelar Metals.
The Trident project, near Broken Hill, was one of the first lithium mines in Australia along with Wodgina and Finniss with production of lithium minerals dating back more than 80 years ago.
"The board is confident of Colin’s ability to progress the company’s flagship Trident Lithium Project and add significant value to the company,” Biggins added.
"I personally look forward to working with Colin into the future as Stelar Metals become a significant player in the lithium industry.”
About Stelar Metals
Stelar has five 100%-owned projects located in South Australia’s premier world-class exploration and mining district.
In February 2023, the company acquired a 90% interest in three NSW projects in the Broken Hill Block which are in joint venture with Everest Metals Corporation Limited.
The company has an experienced exploration team with a track record of discovery success exploring for commodities that are in increasing demand.