Lake Resources NL (ASX:LKE, OTCQB:LLKKF) has appointed experienced mining executive Sean Miller to the newly created role of corporate development manager to accelerate operations at its Cauchari, Olaroz and Paso brine projects in the province of Jujuy in Argentina.
Lake established the Business Development Division to accelerate its goal of reaching 100,000 tonnes per year of lithium carbonate equivalent (LCE) to meet growing global demand for high-purity lithium as well as to strengthen its position as world’s largest producer of lithium.
Approximately US$15 million has been committed to the projects, with testing underway on recovered brine samples to maximize lithium recovery rate and end product quality.
Lake will secure additional drilling rigs and personnel for projects this year.
Miller has extensive experience in general management, strategic planning, supply chain, finance, legal, information technology, sustainability and human resources in greenfield projects and brownfields, and has overseen the successful completion of multi-billion dollar projects in Australia and international markets. .
His previous roles include Commercial Operations Manager for the Carmichael Rail Project in Queensland, Business Development Manager for Kamoto Copper Company’s copper and cobalt mine in Katanga Province in the Democratic Republic of Congo, contracts and purchasing for Glencore’s North Queensland Metals and superintendent of metal handling at Rio Tinto’s Boyne Smelters Ltd.
Miller’s appointment is the first of several new appointments by Lake as the company bolsters its management team and board of directors before finalizing financing for the project.
The clean lithium developer is set to appoint a new US-based CEO following final talks with the board of directors as it transitions to a headquarters in America.
Lake’s Executive Chairman, Stuart Crow, said, “Lake is entering an exciting phase in the company’s history as we transition the company into the development and production of our first project at Kachi.
“Adding new skills and experience to the company will position Lake as a key supplier as the lithium industry faces a supply shortage and limited number of projects coming online.
“Supply is needed to meet the growing demand for lithium as sales and penetration of electric vehicles reach the inflection point of adoption in all major markets around the world. This limited supply momentum offers a huge opportunity at Lake as one of the few companies with multiple very promising projects to meet this growing demand.