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Kidman Resources Limited: Executive Appointment and Changes (McGill ’97)

Posted on 02/05/2018

Australia:Kidman Resources Limited has issued the following news release: 

Kidman Resources (Kidman or the Company) is pleased to announce the appointment of Charles (Charlie) McGill as its Chief Financial Officer (CFO). The current CFO, Jason Eveleigh, will move to a strategic and newly-created position as Group General Manager - Corporate. Both appointments are effective 1 February 2018. 

 In discussing the new appointments Kidman's Managing Director, Martin Donohue, said: "Kidman continues to evolve and the appointment of a new CFO and the creation of a new Corporate role are significant steps in ensuring the Company has all the necessary skill sets required to develop our Earl Grey Lithium project in JV with Sociedad Quimica y Minera de Chile (SQM). Both SQM and Kidman have a clear plan to develop a fully integrated business with a WA based refinery that will produce Lithium Hydroxide and / or Carbonate depending on end user demand. Further key technical appointments within the SQM/KDR JV are also expected in the near term.

 "In his new role, Jason will play a key part in advancing our project development activities, particularly in the lithium sales and marketing space. Charlie's appointment to the senior management team at Kidman not only allows Jason to focus on project development, but also strengthens the Company's expertise in risk and capital market activity as well as capital expenditure and joint venture management." 

Charlie joins Kidman from Incitec Pivot Limited (IPL) where he was Group Vice President, Investor Relations & Corporate Development. In addition to leading IPL's investor engagement program, Charlie advised on IPL's strategy, M&A, corporate finance, and risk and capital markets activities. Prior to joining IPL, Charlie was a senior executive in Wesfarmers' Business Development team where he led major M&A transactions and capital expenditure reviews. His earlier corporate experiences include Chief Operating Officer, Service & Systems for Austal Limited, a Perth-based global shipbuilder and defence contractor as well as a period in investment banking and capital markets advisory in Sydney and New York with Morgan Stanley. Charlie served in the US Navy from 1997 to 2003, ultimately serving as Aide to the Secretary of the Navy in the Pentagon from 2001 to 2003. He holds a Bachelor of Science (with Merit) in Systems Engineering from the US Naval Academy and an MBA from the Harvard Business School. 

Kidman Resources Limited (ASX: KDR) is focused on the discovery, development and sustainable long-term delivery of lithium to service a growing product demand. Kidman has a 50% interest in at least one Tier-1 globally-significant lithium discovery within the broader Mt Holland tenements, located in the Forrestania Greenstone Belt near Southern Cross in Western Australia.

 The Mt Holland Project contains the world-class Earl Grey lithium deposit as well as the promising Bounty lithium prospect, with considerable potential across the Mt Holland tenements for additional discovery. Kidman's 50:50 Joint Venture partner in the Mt Holland lithium deposits and proposed project infrastructure is Sociedad Quimica y Minera de Chile (SQM), the world's largest lithium producer.

 Within the Mt Holland Project, Kidman retains sole marketing rights to its 50% share of lithium production, providing optionality for refinery funding beyond the current-funded program to build an on-site lithium concentrator. The Mt Holland Project also contains a significant gold endowment, to which Kidman retains all rights. 

LOAD-DATE: February 2, 2018 

LANGUAGE: ENGLISH 

PUBLICATION-TYPE: Newswire

LENGTH: 594 words  

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