Global Lithium Resources Limited (ASX:GL1) Announces Board Changes and CEO Appointment
Board Changes
Global Lithium Resources Limited (ASX:GL1) has renewed its Board following the 2025 Annual General Meeting. Dr Dianmin Chen was re-elected as Director, alongside newly appointed Directors Mr Liaoliang (Leon) Zhu and Dr Xiaoxuan (David) Sun.
Executive Appointment
Dr Dianmin Chen has been appointed Managing Director and Chief Executive Officer, effective 14 February 2025, succeeding former Executive Chairman Ron Mitchell. The Board is also seeking a suitable Non-Executive Chairman to lead the company forward.
Strategic Focus
The renewed Board will concentrate on delivering strategic milestones at the Manna Lithium Project and revitalising shareholder and investor confidence. Emphasis is placed on making the Manna project a more investable proposition in the current challenging lithium market.
Executive Comments
Dr Chen stated, “The key to rebuilding trust with the Company’s shareholders and potential project partners was making Manna a ‘more investable’ proposition, particularly in the challenging market currently being experienced for lithium developments.”
He further added, “For Manna to realise its maximum value for shareholders in this market, we must focus on delivering three key milestones with the project in 2025. The first priority is concluding a Native Title Mining Agreement with the Kakarra Part B Native Title Group, so the local community is aligned with the company’s future approach. A mutually successful outcome with Native Title partners is essential for a Mining Lease application to be granted for Manna, which in turn is central to the completion of a Definitive Feasibility Study on the project.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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