Premier1 appoints new MD
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Aspiring exploration company Premier1 Lithium has appointed Jason Froud as its managing director.
Mr Froud, who has more than 25 years of experience in the resources sector, recently spent time as Liontown Resources’ business development manager.
He will begin his new role on June 1.
It’s been a busy five months for the company, which changed its name from SensOre on February 1, as part of a de-merger of its technology business, which was finalised on January 25.
On the same day, four directors – Robert Peck, Robert Rowe, Adrian Manger and Anthony O’Sullivan – resigned from the board, with Mr Limb, Mr Taylor and Anja Ehser assuming positions on the reconstituted board.
On March 15, Premier1 told the market that as part of the company’s transition, chief executive officer Richard Taylor was stepping down due to a variety of variables – with company chair Nic Limb saying the board, including Mr Taylor, felt the move was at the right time.
Premier1 told the market that Mr Taylor will remain as a non-executive director from June onwards, with the company expected to add further personnel to its leadership team.
“I am impressed at the rigour and diligence the team has applied in assembling the current exploration package and look forward to the opportunity to fully test this and enhance it with further organic growth or mergers and acquisition activity,” Mr Froud said.
“Recent months have been challenging for battery minerals but I am confident in the underlying demand for EV metals and strong recovery in the sector.
“I look forward to working closely with Premier1's board and shareholders, and to delivering value for all stakeholders.”
Premier1 posted a net loss after tax of $6.31 million during the first six months of the 2024 financial year, up from $4.73 million during the prior corresponding period.
The aspiring lithium explorer said its first half revenue of $502,457, up from $41,425, was predominantly offset by exploration and personnel-based costs.
Premier1 last traded at 2.5 cents per share.