Sydney, Australia – Pantera Minerals Limited (ASX:PFE) ("Pantera" or "the Company"), an ASX lsited lithium explorer, today announced significant leadership changes aimed at strengthening its strategic direction and operational capabilities in lithium brine exploration and production. The Company has appointed Mr. Barnaby Egerton-Warburton, previously Non-Executive Chairman, as its new Executive Chairman and Chief Executive Officer (CEO). In addition, Mr. Tim Goldsmith, a current Strategic Advisor, has been appointed as Non-Executive Director.
These appointments come at a crucial time as Pantera positions itself at the forefront of the North American lithium market, with a focus on environmentally sustainable extraction methods. Mr. Egerton-Warburton brings a wealth of experience from his role as Non-Executive Chairman of Arizona Lithium (ASX: AZL) and his involvement in the acquisition of the AU$70m Prairie Lithium Brine Project. Mr. Goldsmith, formerly CEO of Rincon Mining Pty Limited and instrumental in its US$825m sale to Rio Tinto, adds significant operational expertise and a deep understanding of Direct Lithium Extraction (DLE) technology.
Pantera is committed to becoming a leader in the zero-carbon production of lithium, leveraging DLE technology to extract lithium from saltwater in an environmentally responsible manner. The Company's strategic initiatives in SW Arkansas, alongside industry giants such as Exxon Mobil, Koch Industries-backed Standard Lithium, and Albemarle, underscore its ambition to contribute to the US's energy security, support local jobs, and advance climate policy objectives.
The board changes are aligned with Pantera's operational milestones, including the re-entry of the Company’s maiden well in H2 2023 and the expansion of its drilling program across its extensive acreage through 2024. Pantera's SW Arkansas Project is set to establish the Company as a key player in one of the world's most promising lithium-brine regions.
Commenting on the leadership transition, incoming CEO Barnaby Egerton-Warburton stated, "These management changes reflect mine and Tim’s deeply held belief that the Arkansas Smackover is one of the best regions globally for lithium brine production. In the near-term we look forward to kicking off the exploration side of our project with the imminent aim of generating a JORC resource. I would like to thank outgoing Non-Executive Directors Emmanuel Correia and John Hebenton for their contributions since the Company IPO’d in mid-2021. I would also like to draw attention to outgoing CEO Matt Hansen who has worked tirelessly over the last twelve months to see the Daytona Transaction through to completion and welcome him to the board as Non-Executive Director."
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