Ian Wells Joins Liontown Resources: Will His Expertise Transform the Future of Lithium Mining?

Liontown Resources' Board Transition: Steering Toward a New Era of Leadership

In a strategic move poised to reshape its leadership landscape, Liontown Resources Limited has unveiled a significant Board transition, marking the appointment of Mr. Ian Wells as an Independent Non-Executive Director, while bidding farewell to Mr. Anthony Cipriano after nearly a decade of dedicated service.

A Notable Transition in Leadership

Effective from January 1, 2024, Ian Wells, a seasoned finance professional, will join Liontown's Board, bringing over two decades of operational experience spanning diverse finance functions across various industries, including mining, infrastructure, and energy. Wells, previously the Chief Financial Officer of Fortescue Metals Group Limited, is hailed for his expertise in corporate finance, capital management, and business transformation, positioning him as a valuable asset for Liontown.

With a Bachelor of Business (Accounting) from Curtin University and esteemed memberships in CPA Australia and the Australian Institute of Company Directors, Wells is anticipated to assume the role of Chair of the Company’s Audit Committee, leveraging his financial acumen to bolster strategic decision-making.

Farewell to a Seasoned Contributor

The planned retirement of Mr.

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Anthony Cipriano, scheduled for December 31, 2023, marks the departure of a pivotal figure who played a crucial role in Liontown's transformative journey from an explorer to a pre-production mining company. Cipriano, a Lead Independent Non-Executive Director and Chair of the Audit Committee, leaves a significant legacy, having guided the Company through various stages of growth, including the recent successful debt and equity funding for the Kathleen Valley Lithium Project.

Tim Goyder, Liontown's Chairman, expressed gratitude for Cipriano's immense contribution, acknowledging his financial prowess and strategic insights that steered Liontown's evolution. Goyder commended Cipriano's pivotal role in shaping Liontown’s growth trajectory and wished him success in his future endeavors.

A Vision for the Future

Chairman Tim Goyder expressed optimism about the new appointment, emphasizing Ian Wells' strategic significance as Liontown ventures into the critical phase of advancing the Kathleen Valley Lithium Project. Goyder highlighted the wealth of operational experience Wells brings, essential as the Company approaches the construction, commissioning, and eventual production stages of the significant lithium project.

In anticipation of his new role, Ian Wells conveyed his excitement and commitment, emphasizing his readiness to contribute strategic and financial counsel. He expressed eagerness to leverage his operational experience to guide Liontown through the critical phase of developing a major new resource project.

As Liontown Resources embraces this pivotal change in its leadership, the Company remains steadfast in its commitment to strategic growth and operational excellence, poised to navigate the dynamic landscape of the lithium mining industry with renewed expertise and vision.

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