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Core Lithium “deeply saddened” to advise of sudden passing of CFO

Chief financial officer Erik Palmbachs passed away suddenly last week following a cardiac arrest.
Pegmatite outcrop at Finniss project
The company aims to start lithium production from the Finniss project in 2019

Core Lithium Ltd (ASX:CXO) is “deeply saddened” to advise of the sudden passing of chief financial officer Erik Palmbachs, who died last week following a cardiac arrest.

The emerging Australian lithium developer said in a statement that although he was a recent addition to the ‘family’, he had an immediate and positive impact on the company and team.

READ: Core Exploration becomes Core Lithium Ltd to reflect battery metal focus

Core Lithium, which recently changed its name from Core Exploration, is progressing plans to bring the Finniss Lithium Project in the Northern Territory into production in 2019.

Provided highly valued, professional and erudite advice

The company’s statement said: “As chief financial officer, and with over 20 years’ experience in the resources sector, Erik gave highly valued, professional and erudite advice to the board and management during this important time in the company’s transition.

“On behalf of the company and our shareholders, we express deepest sympathy to Erik’s family. His positivity and friendly demeanour will be greatly missed.”

READ: Core Exploration early drill results suggest large hidden pegmatite swarms

The company is advancing the Finniss project near Darwin and last month lodged an application for a mining lease at the Grants prospect with the NT Government.

A definitive feasibility study is underway and is on track for completion later this month.

This study is focused on mining and production of high-grade lithium concentrate with development planned to start in 2019.

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