Craig Williams has announced his retirement from the board of ASX-listed Liontown Resources on March 31, having served more than 17 years as an independent nonexecutive director.
Williams, who is a geologist, was a founding director of Liontown when it listed on the ASX in 2006.
Williams played an important role in Liontown’s decision to re-focus on building a battery metals-focused portfolio in Australia, and particularly the discovery, drill-out and evaluation of its flagship asset, the Kathleen Valley lithium project, in Western Australia. The success of this strategy has established Liontown firmly on its current growth trajectory as a world-class battery materials company.
More recently, Williams agreed to remain on the board in 2022 to provide commercial and operational expertise in assisting guide the company as it has rapidly progressed the development and construction of Kathleen Valley.
Williams’ decision to retire at the end of the month follows execution of the recently announced $550-million debt facility designed to ensure that the Kathleen Valley lithium project is funded through first production in the middle of 2024 and ramp-up to a three-million-tonne-a-year base case.
“Craig has been an integral part of the Liontown story from its foundation over 17 years ago. He has been a close friend, colleague, mentor and adviser to me throughout that time. Craig has made an enormous and lasting contribution to Liontown, and his input and guidance have been invaluable – helping to steer us on the path which has ultimately delivered huge rewards for our shareholders,” comments chairperson Tim Goyder.