Mortimer appointed as Kalamazoo CEO

Newly appointed Kalamazoo Resources chief executive officer Luke Mortimer said he was committed to forwarding the company's gold exploration and project acquisition interests in both Western Australia and Victoria.

Kalamazoo told the market on Thursday that Dr Mortimer, who has been with the company since 2019, had been an integral part of its lithium operations. 

Dr Mortimer also spent time as Kali Metals' exploration manager, prior to its listing on the ASX.

Kalamazoo has a 20.2 per cent stake in Kali, with shares in both companies almost doubling on Kali's first day of trade. 

Dr Mortimer said he was keen to work alongside outgoing CEO and Kalamazoo co-founder Luke Reinehr, who will stay on as the company's executive chairman, along with holding a non-executive chairman role at Kali. 

“It is a privilege to be appointed to the role of chief executive officer as Kalamazoo moves into the next phase of delivering tangible and on-going returns for our shareholders," he said.

"With the assistance of the board it will be my role to lead our highly talented team in advancing our gold exploration assets as well as acquiring and discovering new resource projects that create tangible shareholder value. I have had the pleasure of working alongside Luke since 2019 and look forward to continuing to work closely with him and the board moving forward.”

Kalamazoo presently has two gold projects in WA and five in Victoria. 

At the close of trade on Thursday, Kalamazoo shares were down 12.90 per cent, at 13.5 cents per share.