- Oceana Lithium (OCN) appoints geologist Caue Araujo as its new CEO
- Mr Araujo is a seasoned mining industry professional with experience in evaluating the technical and economic aspects of mineral resource projects
- Previous stints include SRK Consulting Brazil, Hatch Australia and Asia, and most recently Palaris Australia
- OCN Chairman Gino Vitale says the company looks forward to working with Mr Araujo to create shareholder value through the continued development of its assets
- Shares in OCN closed almost 10 per cent higher, trading at 24 cents at market close
Oceana Lithium (OCN) has appointed Australian-Brazilian geologist Caue Araujo as its new CEO, effective immediately.
The company introduced Mr Araujo as a seasoned mining industry professional renowned for his abilities in evaluating the technical and economic aspects of mineral resource projects.
Before assuming this role, he served as the General Manager of SRK Consulting Brazil, held the position of Regional Director of Investment and Business Planning at Hatch for Australia and Asia, and most recently, served as the Global General Manager of Mine Finance at Palaris Australia.
Throughout his career, he has contributed to the development of various projects, collaborating with finance providers and equity investors, including emerging lithium miners and mine gate concentrate producers.
OCN Chairman Gino Vitale expressed the company’s enthusiasm for bringing Mr Araujo on board.
“Caue brings both critical minerals industry experience, broader corporate leadership skills and extensive international experience, and will be based in Perth,” he said.
“The board and I look forward to working closely with Caue to create shareholder value through continued development of Oceana’s exploration assets and value-accretive project expansion opportunities.
OCN also announced that Mr Vitale would resume his role as Non-Executive Chairman in October, following a brief transition period.
Shares in OCN closed almost 10 per cent higher, trading at 24 cents at market close.