Lord Resources Appoints Andrew Taylor as New CEO

New Leadership at Lord Resources

Lord Resources Limited (ASX: LRD) is pleased to announce the appointment of Mr. Andrew Taylor as its new Chief Executive Officer, effective from August 1, 2024. Taylor, a seasoned geologist with over 15 years of experience, has a notable background in project management and resource delineation.

Taylor previously served as a geological consultant for the Bellevue Gold Project and played a key role in the transaction into Draig Resources Limited, now known as Bellevue Gold Limited (ASX: BGL). His expertise in exploration targeting and securing EIS funding for significant projects like 'The Gap' zone and underground mine extension has been widely recognized.

Strategic Vision and Goals

Andrew Taylor's appointment is expected to bring a fresh strategic vision to Lord Resources. He is currently conducting a strategic review of the company's existing tenure and assessing several high-value acquisition targets. Taylor's extensive experience as both a project vendor and technical consultant makes him well-suited for this role.

Non-Executive Chairman Paul Lloyd expressed his enthusiasm about Taylor's appointment, stating, 'Lord is delighted to have attracted a CEO of Andrew’s calibre. He joins the team with a strong record of project generation, assessment, and delivery. Andrew will be instrumental in leading a strategic review of Lord’s existing tenure and identifying new opportunities for the Company.'

Transition and Future Plans

Outgoing Managing Director Barnaby Egerton-Warburton will remain on the Board as a Non-Executive Director. He has been credited with leading the company through its IPO, initial exploration, and JV with MinRes. Lloyd thanked Egerton-Warburton for his contributions over the past few years.

On his new role, Taylor commented, 'Lord is well placed to continue to explore and progress both the Horse Rocks Lithium Project in Joint Venture with Mineral Resources and the Jingjing Project. I look forward to bringing a complementary skill set to build on the existing Lord team’s proven track record of assessing, acquiring, and exploring projects attractive to both investors and major mining companies.'

Key Terms of Employment

According to the ASX listing Rule 3.16.4, the key terms of Mr. Taylor’s Employment Agreement include a total fixed remuneration of $220,000 per annum plus statutory superannuation. The agreement also includes incentive securities such as 1 million options exercisable at $0.10 and expiring on June 15, 2027, and various performance rights based on capital raising and tenure milestones.