Astro Resources (ASX:ARO) strengthens board to advance lithium strategy

• Astro Resources NL (ARO) strengthens its board in a bid to advance its lithium growth strategy moving forward
• Astro appoints Tony Leibowitz, the founding Chairman of Pilbara Minerals (PLS), as its Executive Chairman and geologist John Young as a Non-Executive Director
• The company remains focused on advancing its lithium-in-clay projects in Nevada, its Georgina Basin IOCG project in the Northern Territory and the Governor Broome mineral sands project in Western Australia
• ARO has also purchased two new “highly prospective” landholdings in Nevada
• Astro says the additions to its portfolio and its new board appointments reflect the company’s focus on growth opportunities in Australia and offshore
• ARO shares closed 3.33 per cent higher at 6.2 cents on Friday afternoon

Astro Resources (ARO) has strengthened its board in a bid to further advance its lithium growth strategy both in Australia and overseas.

The company announced the appointment of Tony Leibowitz as its Executive Chairman and John Young as a Non-Executive Director.

Mr Leibowitz is the founding Chairman of lithium producer Pilbara Minerals (PLS) and is considered a highly successful business executive.

“I intend to take a hands-on role to progress the exploration and development of these assets to take advantage of the exceptionally strong long-term outlook for lithium and the other commodities within our portfolio,” Mr Leibowitz stated.

Meanwhile, Mr Young — an experienced geologist — has worked on projects involving gold, uranium and speciality metals such as lithium. He is currently a Non-Executive Director for Trek Metals (TKM), Green Technology Metals (GT1) and RareX (REE).

“John is a talented and highly experienced geologist who, together with Neil Biddle, helped implement the exploration strategy which saw the rapid growth of the Pilgangoora lithium-tantalum project to become one of the world’s foremost hard rock lithium projects,” Mr Leibowitz said.

Astro’s appointments complement its recent acquisition of two highly prospective lithium projects, Polaris and Altair, in Nevada, United States. Nevada is considered the ‘lithium capital’ of North America.

The company remains focused on advancing its lithium-in-clay projects in Nevada, its Georgina Basin IOCG project in the Northern Territory and the Governor Broome mineral sands project in Western Australia.

ARO shares closed 3.33 per cent higher at 6.2 cents on Friday afternoon.