Appointment of Chief Financial Officer
Brisbane, April 26, 2024 AEST (ABN Newswire) - North American lithium producer Sayona Mining Limited (
ASX:SYA) (SYAXF:OTCMKTS) today announced the appointment of Mr Dougal Elder to the position of Chief Financial Officer (CFO).
Since joining Sayona in September 2022 as Finance Manager, Mr Elder has made a significant contribution to the Company's evolution from a developer to a lithium producer by playing a key role in financial management and leading Sayona's investor relations function.
Mr Elder has more than 15 years' experience in large private and publicly owned companies in both Australia and the United Kingdom, including group finance and financial planning and analysis roles across a range of industries. He is recognised for his contribution and expertise in driving budget management and strategic initiatives across the Sayona group.
Former CFO, Paul Crawford, will continue as an Executive Director focusing on strategic management and corporate secretarial functions.
Sayona has further strengthened its senior management team by appointing Mr Andrew Barber to lead the Investor Relations and Communications functions. Mr Barber will be responsible for managing relationships with both retail and institutional investors as well as enhancing broader stakeholder communications.
Mr Barber is a highly experienced investor relations professional, having most recently served as the Director of Investor Relations for Allkem Limited for over 7 years. Prior to Allkem, Mr Barber held senior investor relations and business development roles at a variety of companies in the resources sector. He also developed extensive expertise in equity markets through research and analyst roles at Perpetual Investments and QIC. Mr Barber commenced his career as a geologist working in North-West Queensland.
Sayona's Interim CEO, James Brown, said: "Dougal has an incredible work ethic and has taken on a range of responsibilities outside of his brief to support Sayona's growth. We are delighted to make this appointment, recognising Dougal's efforts and enabling him to make an even greater contribution to financial management and strategic initiatives that will lead to the growth of the Company.
"I'm also thrilled to welcome Andrew who will drive the Investor Relations and Communications functions. Andrew's deep understanding of the sector as well as his extensive equity markets experience will be invaluable as we continue to enhance our engagement with shareholders.
"Together, these appointments strengthen our senior management team, enabling us to dedicate increased focus and resources in the critical areas of financial management, strategic development, investor relations and communications. I look forward to working closely with Dougal and Andrew on the next phase of Sayona's development into a major lithium producer."
About Elevra Lithium Limited
Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) is North America's largest hard-rock lithium producer with a diversified portfolio of high-quality assets across Quebec Canada, the United States, Ghana and Western Australia.
Our flagship operation, the North American Lithium (NAL) mine in Quebec, Canada has successfully ramped up production of spodumene concentrate, supported by ongoing operational enhancements to increase recovery rates, throughput, and mill utilisation. Following a Mineral Resource upgrade, Elevra completed a Scoping Study for a brownfield expansion to increase NAL's annual spodumene concentrate production and reduce unit operating costs.
Complementing NAL, the Moblan Lithium Project in northern Quebec represents one of the largest undeveloped spodumene resources in North America, with a Mineral Resource of 121 Mt @ 1.19% Li2O.
Development activities are progressing with feasibility studies targeting a large-scale, long-life operation capable of supplying both domestic and international markets.
In Western Australia, Elevra holds an extensive portfolio of lithium and gold tenements, where exploration programs are advancing to unlock additional growth opportunities. Meanwhile, in the United States, our Carolina Lithium Project offers a strategic foothold in the downstream lithium chemicals market and our project in Ghana provides a further option for future growth.
Looking ahead, Elevra is focused on strategic downstream partnerships to enable further value-added lithium production, positioning the Company to deliver a secure, sustainable supply of critical minerals to global customers. Together, these assets establish Elevra as a growth-focused supplier supporting the global energy transition.
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