Hewlett leaves Wildcat Resources

Booming lithium explorer Wildcat Resources announced on Friday that Alex Hewlett has resigned as a non-executive director, effective immediately.

The announcement comes following the West Perth-based company's decision to promote Ajanth (AJ) Saverimutto from a non-executive director to managing director, along with Samuel Ekins moving from managing director to technical director late last year. During this time, Wildcat also entered a trading halt, where it completed a capital raising up to $100million, which was brought on by its surging share price.

In one of the biggest performances over the past 12 months, Wildcat shares went from 3 cents a share on January 9 2023 to 91.5 cents a share on November 24. 

Wildcat closed at 69 cents per share on Friday, down 0.72 per cent. 

Chairman Jeff Elliott told the market that Mr Hewlett had represented the West Perth-based company with distinction at board level. 

“Alex has been a valued board member over the past four-and-a-half years and played a significant role in the growth of the business to where it is today," he said.

"We extend our gratitude to Alex for his service and commitment, and we wish him all the best in his future endeavours.”

Mr Hewlett said he would remain a shareholder of the company.

As it stands, he has 22,939,285 total shares, valued at $15.48 million. 

“I am very grateful to have had the opportunity to work with an amazing team and to have been part of such an exciting discovery," he said.

“I remain a significant and supportive shareholder and am excited by the future value proposition at [Wildcat’s] Tabba Tabba [lithium-tantulum project in the Pilbara].”