The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

Changes to the Board & Company Update

by admin February 18, 2024
February 18, 2024
Changes to the Board & Company Update

Oceana Lithium Limited (ASX: OCN) advises that Non-Executive Chairman Mr Jerome Vitale and Non-Executive Director Mr Simon Mottram have resigned as directors with immediate effect to focus on their other business commitments.

The Board has appointed Oceana’s company secretary, Mr Daniel Smith, as a Non-Executive Director, as well as Mr Chen Chik (Nicholas) Ong. With Mr Vitale’s departure, Mr Zeng will assume the role of Non-Executive Chairman.

Mr Ong brings 19 years’ experience in IPO, listing rules compliance and corporate governance. He is experienced in mining project finance, mining and milling contract negotiations, mine CAPEX & OPEX management, and toll treatment gold reconciliation. Nicholas is a Fellow of the Governance Institute of Australia and holds a Bachelor of Commerce and a Master of Business Administration from the University of Western Australia. Nicholas is currently a director and/or company secretary of several ASX listed companies.

The Board thanks both Mr Vitale and Mr Mottram for their contribution and valuable insights since the Company’s IPO in July 2022 and wishes them well for the future.

As announced 6 February 2024, the Company has identified a number of high- priority drill targets at the Company’s 100% owned, Solonópole lithium project in Brazil. In response to current market conditions for junior exploration companies, the Board will evaluate a number of potential cost-cutting measures, including the reduction of corporate overheads, to maximise exploration expenditure at Solonópole.

The Company ended the December 2023 quarter with approximately $3.3 million in cash and no debt.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Putin says a Biden presidency is better for Russia than a Trump one
next post
Ukraine makes major troop withdrawal in key win for Putin and Russia

Related Posts

True North Copper Appoints Bevan Jones as Managing...

June 3, 2024

Is Now a Good Time to Invest in...

February 7, 2024

First Gold Doré Following Successful Carbon Strip

February 5, 2025

Allied Critical Metals

June 20, 2025

WESTERN COPPER AND GOLD PROVIDES POSITIVE METALLURGICAL UPDATE

February 14, 2025

Lode Gold Closes Financing – $790,186 to Advance...

April 16, 2025

Patriot Produces Battery-grade Lithium Hydroxide Sample from CV5...

December 17, 2024

Eric Nuttall: Oil vs. Natural Gas Stocks, Plus...

May 15, 2025

Geophysics and Drilling Discovers New Mineralised Structure West...

August 6, 2024

Completion of Institutional Component of Entitlement Offer and...

May 27, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,456)
    • Investing (3,634)
    • Politics (4,895)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved