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- Power Minerals’ (PNN) executive director is appointed Managing Director
- The company says Mena Habib’s appointment is in recognition of the pivotal role he played in the growth of the company since his appointment as executive in January 2022
- Meanwhile, former Lake Resources (LKE) Technical Director, Dr Nicholas Lindsay, has been appointed as Power’s Technical Advisor
- Both appointments become effective from today
- Power Minerals is down 3.54 per cent, trading at 54.5 cents at 12:57 pm AEDT
Power Minerals’ (PNN) executive director has been appointed Managing Director.
The company said Mena Habib’s appointment is in recognition of the pivotal role he has played in the growth of the company since his appointment as executive in January 2022.
He was considered ‘instrumental’ in establishing in-country relationships for the Salta lithium project and implementing the project’s exploration and development strategy.
He also oversaw successful maiden drilling programs at the Eyre Peninsula kaolin-halloysite project and Santa Ines copper-gold project.
As Managing Director, Mr Habib will continue to have responsibility for Power’s day-to-day operations and the implementation of the company’s growth strategy.
The key terms of the agreement include a salary increase from $200,000 to $240,000 per annum and eligibility to join the company’s employee share scheme, once finalised.
Meanwhile, former Lake Resources (LKE) Technical Director, Dr Nicholas Lindsay, has been appointed as Power’s Technical Advisor.
Dr Lindsay will work closely with Power’s management and technical team to advance the company’s lithium strategy at the Salta lithium project.
Power Minerals Non-Executive Chairman Stephen Ross said its important the company has the right “mix of people” to help meet its goals and ambitions.
“Mr Habib’s commitment to advancing our project portfolio and delivering shareholder value has been exceptional, and along with Dr Lindsay’s hands-on experience and expertise in developing a major emerging lithium project in the region will be invaluable to Power as we forge ahead with our plans to maximise the commercial outcomes of the Salta project.”
Both appointments become effective from today.
Power Minerals was down 3.54 per cent, trading at 54.5 cents at 12:57 pm AEDT.
