European Lithium Ltd.
04.05.2018
05/04/2018
CEO Appointment – European Lithium Strengthens Management in Austria
CEO Appointment - European Lithium Strengthen Management in Austria
Highlights
Highlights
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Dietrich Wanke appointed CEO of European Lithium Limited
Dietrich Wanke appointed CEO of European Lithium Limited
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Process to convert the Company's Austrian subsidiary to European Lithium AG is on track
Process to convert the Company's Austrian subsidiary to European Lithium AG is on track
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Definitive Feasib ility Study to commence in third quarter
Definitive Feasibility Study to commence in third quarter
4 May 2018 - European Lit hium Limited (ASX : EUR , FRA: PF8 , VSE: ELI )
4 May 2018 - European Litium Limited (ASX : EUR , FRA: PF8 , VSE: ELI )
(the Company ) is pleased to announce th e appointment of Dietrich Wanke ,
(the Company ) is pleased to announce the appointment of Dietrich Wanke ,
as CEO of the Company .
the CEO of the Company .
He is replacing Mr Steve Kesler who leaves us today .
He is replacing Mr. Steve Kesler who leaves us today .
Mr. Wanke has successfully run European Lithium's operations in Austria as the Company's General Manager since 2016 .
Mr. Wanke has successfully run European Lithium's operations in Austria as the Company's General Manager since 2016 .
He was responsible for
He was responsible for
the development of
the development of
the Wolfsberg
the Wolf Mountain
resource from an exploration into a pre-production project.
resource from an exploration into a pre-production project.
Dietrich
Dietrich
lives and operates in Wolfsberg , has built up and runs the local team and is well- known and respected by the Company's shareholders in Europe as well as in the Carinthia region , where he has strong relationships with local government, businesses and community.
lives and operates in Wolfsberg , has built up and runs the local team and is well- known and respected by the Company's Shareholders in Europe as well as in the Carinthia region , where it has strong relationships with local government, businesses and community.
Mr. Wanke i sa highly e xperienced mine engineer/surveyo r with more than 30 years' experience in management at operational level for both underground and open cut mines.
Mr. Wanke i sa highly e xperienced mine engineer / surveyor with more than 30 years experience in management at operational level for both underground and open cut mines.
Mr. W anke has held statutory positions as registered manager under the applicable mining acts in several commodities and countries, including Germany, Australia, Indonesia, Papua New Guinea and Sierra Leone.
Mr. W anke has held a position as a registered manager under the relevant mining acts in several commodities and countries, including Germany, Australia, Indonesia, Papua New Guinea and Sierra Leone.
His experience extends through all operational phases, starting from greenfield exploration to full scale production as well as extension of existing mines.
His experience extends through all operational phases, starting from greenfield exploration to full scale production as well as the extension of existing mines.
His previous roles include, General Manager for Marampa Iron Ore in Sierra Leone, General Manager for Tolukuma Gold Mines in Papua New Guinea, Mine Manager for Atlas Iron in Western Australia, Technical Services Manager for Thiess (hard coal) in Indonesia, Mine Manager for Kimberley Diamonds in Western Australia, Technical Services Manager for Lightning Nickel in Western Australia, Technical Director for LMV, an engineering/surveying service provider for coal mines in Germany and Technical Services Manager and Licensed Surveyor for Laubag (lignite) in Germany .
His previous roles include General Manager for Marampa Iron Ore in Sierra Leone, General Manager for Tolukuma Gold Mines in Papua New Guinea, Mine Manager for Atlas Iron in Western Australia, Technical Services Manager for Thiess (hard coal) in Indonesia, Mine Manager for Kimberley Diamonds in Western Australia, Technical Services Manager for Lightning Nickel in Western Australia, Technical Director for LMV, engineering / surveying service provider for coal mines in Germany and Technical Services Manager and Licensed Surveyor for Laubag (lignite) in Germany .
Mr. Wanke holds a Mine Engineering/Mine Surveying degree from Technical University Bergakademie Freiberg, a licensed Mine Surveyor's certificate in Germany and 1 st
Mr. Wanke holds a Mine Engineering / Mine Surveying Degree from Technical University Bergakademie Freiberg, a licensed Mine Surveyor's certificate in Germany and 1 st
class Mine Manger's certificates in Western Australia and Papua New Guinea.
class Mine Manger's certificates in Western Australia and Papua New Guinea.
The appointment follows the announcement of the recent completion of the Wolfsberg Lithium Project PFS
The appointment follows the announcement of the recent completion of the Wolfsberg Lithium Project PFS
and the transformation of the Company's Austrian subsidiary, ECM Lithium AT GmbH (which owns the project and is 100 percent owned by European Lithium Limited) into European Lithium AG.
and the transformation of the Company's Austrian subsidiary, ECM Lithium AT GmbH (which owns the project and is 100% owned by European Lithium Limited) into European Lithium AG.
Both being key to become Europe's first Lithium producer .
Be the first to become Europe's first Lithium producer .
The Company's next steps include the completion of th is transformation anticipated within the next few weeks and the commencement of the DFS, which is anticipated in the third quarter .
The Company's next steps include the completion of the process of anticipation within the next few weeks and the commencement of the DFS, which is anticipated in the third quarter .
Moreover, the company is in discussions with numerous European corporate s regarding potential partnerships.
Moreover, the company is in discussion with numerous European corporate potentials.
Through strengthening European Lithium's operating management in Austria , the company ensures operating efficiency and regular presence of its key personnel to facilitate communication with the government, businesses and community.
Through strengthening European Lithium's operating management in Austria , the company ensures the operating efficiency and regular presence of its key personnel to facilitate communication with the government, businesses and community.
Tony Sage, Chairman, commented on the appointment “ It's a critical time for the Company as the project progresses toward operation, the skills that Dietrich can bring to his new role will be most valuable at this important time.
Tony Sage, Chairman, commented on the appointment " It's a critical time for the company as the project progresses towards operation .
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“On behalf of the Board I would like to thank Steve Kesler for his dedication to the Company over the past 4 years.
"On behalf of the Board I would like to thank Steve Kesler for his dedication to the Company over the past 4 years.
He has been instrumental in developing the Company and completing the positive PFS for the Wolfsberg Lithium Project.
He has been instrumental in developing the company and completing the PFS for the Wolfsberg Lithium Project.
We wish him all the best for his future endeavours .
We wish him all the best for his future endeavors .
”
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In accordance with ASX Listing Rule 3.16.4, the Company advises that a contract defining the terms of Mr
In accordance with ASX Listing Rule 3.16.4, the Company advises
Wanke's appointment as CEO is still being finalised .
Wanke's appointment as CEO is still being finalized .
Tony Sage
Tony Sage
Non- Executive Chairman
Non- Executive Chairman
European Lithium Limited
European Lithium Limited
END
END
Visit the Company's website to find out more about the advanced Wolfsberg Lithium Project located in Austria.
The Wolfsberg Lithium Project located in Austria.
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