Meet the stalwarts driving Monger Gold’s (ASX:MMG) progress in battery metals space

Highlights

• Monger Gold (ASX:MMG) is committed to building a North American lithium business.
• The Company’s foundational lithium assets hold potential for three main lithium resource types.
• MMG is driven by a technically and commercially experienced leadership team.
• The ASX-listed lithium explorer recently appointed a highly experienced lithium and development professional as its CEO.

Australia-based explorer Monger Gold Limited (ASX:MMG) is focused on advancing its portfolio of foundational lithium assets covering all lithium resource types within Tier 1 mining jurisdictions. The recently acquired Scotty Lithium Project and Brisk Lithium Project sit within the North American region, holding potential for three main lithium resource types - brine, sedimentary and hard rock.

In light of the emerging technologies and increased concerns for carbon footprint, MMG lays strong emphasis on exploring a diverse range of lithium resources. Moreover, the Company sees itself in a prime position to take advantage of legislation recently passed by the US congress, enforcing a minimum level of locally sourced raw materials within the North American battery supply chain.

The Company’s management team looks to define JORC-compliant resources and deliver value for its shareholders through executing systematic exploration across its lithium projects.

Growing battery metals market

According to the Resources and Energy Quarterly report of the Australian government, robust lithium prices are supporting the recovery of Australian producers across the globe.

Moreover, the EV market continues to witness growing traction, with the global market share for passenger EVs quadrupled since 2019. EV sales are further expected to reach up to 40% of vehicle sales annually by 2030.

Several international automakers have shared their plans to develop new product lines and convert their existing manufacturing capacity to expedite the transition to EVs.

This presents a significant opportunity for lithium explorers like MMG to fast-track work across projects, as lithium is critical in battery manufacturing.

Given this backdrop, let us get acquainted with the highly experienced leadership team of MMG that is driving its progress in the hot battery minerals market.

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Mr Peretz Schapiro - Non-Executive Chairman

Mr Peretz Schapiro, the Non-Executive Chairman of MMG, has a proven history of developing and advancing projects across the resources sector.   

His professional experience includes roles in management consulting, marketing, and fundraising. He has been a global investor for around 10 years and knows the technicalities of the drivers for a high-growth business.

Besides his engagement with MMG, Schapiro serves as an Executive Director of Asra Minerals (ASX:ASR). He has also served as the Chairman of Summit Minerals (ASX:SUM).

Mr Adam Ritchie - Chief Executive Officer

Mr Adam Ritchie is the latest addition to the leadership team of MMG. He joined the Company as its Chief Executive Officer by the end of June 2022.

Since Mr Ritchie is a highly experienced lithium and development professional, MMG believes that his appointment fortifies the Company’s capabilities and skills. Moreover, the appointment comes at a time when MMG is looking to progress the development of its lithium assets.

Mr Ritchie, who brings with him more than 20 years of experience in the resources sector, has held senior positions at the leading resources companies across Australia. One of the key highlights of Mr Ritchie’s career is his engagement as the Project Director at Pilbara Minerals’ (ASX:PLS) flagship Pilgangoora Lithium Project.  

Mr Andrew Graham – Non-Executive Director

Mr Andrew Graham has around 30 years of experience in technical, operational and managerial engagements in the resources space. He has worked with private as well as public companies across Australia and abroad.

During his professional journey, Mr Graham has founded several companies in the mining, mineral processing, consulting, and environmental space.

Besides this, he has been engaged in significant investment capital raisings, assembling huge teams of specialists and advancing several projects from greenfield exploration to operating mines.

Monger Gold envisions to become a globally recognised lithium business. Backed by the skillset and experience of its leadership team, along with highly prospective lithium assets, the Company aims to tap the growth opportunity for the next wave of lithium producers eyeing to deliver an enhanced value proposition to the growing market.  

MMG shares were trading at AU$0.360 midday on 29 August 2022.