Trembling lithium producer Core Lithium's boss Gareth Manderson will step down as chief executive as the miner continues to grapple with deflated commodity prices.
Perth-based lithium miner Core Lithium's shares have taken a dive after the company announced it was considering temporarily curtailing mining operations.
Core Lithium has recorded a $10.8 million profit on the back of its first fiscal year as a producer, as it gears up to lift production up to 90,000 tonnes in the 12 months ahead.
Starting miner Core Lithium has sought investor support to the tune of $120 million as it grapples with growing pains at its flagship Finniss project in the Northern Territory.
Adelaide-based Core Lithium is relocating its head office to Perth, citing the location's large talent pool and access to mining services providers as reasons for the move.
