en.Wedoany.com Reported - Lightning Minerals Ltd has announced the appointment of Andrew Lambert, who has a geological background and corporate management experience, as Exploration and Corporate Development Manager to accelerate the company's strategic transformation from lithium to gold exploration in Australia. The company has recently focused its core assets on the Mt Turner gold project in northern Queensland, shifting from previous lithium exploration to a gold-dominated business layout.
Company CEO Troy Brice stated that Lambert possesses both geological expertise and business acumen, with extensive experience in financing, capital markets, and executive leadership roles within junior resource companies, aligning with the company's next phase of development needs. Lambert will play a key role in the divestment of lithium assets and the expansion of gold and copper assets, supporting the company in seeking monetization opportunities and exploration growth.
Lightning Minerals' current primary focus is the Mt Turner project, which includes the Warby and Glen Gordon tenements. The project is assessed as having significant gold, lead, and copper potential, particularly associated with porphyry-style mineralizing systems. The company plans to allocate the vast majority of its exploration and development capital to this asset, with the remaining approximately 20% distributed across projects in Western Australia and New South Wales.
Brice stated that the current top priority is to accelerate the maiden Mineral Resource Estimate for gold. The company has invited mining industry veteran Lee Spencer to support operational activities at Mt Turner. Spencer has over 44 years of experience in the mining sector and is currently assisting the company in enhancing its technical capabilities.
Following a recent site visit, Brice expressed significantly increased confidence in the project's potential. He noted that the company plans to commence Phase 2 drilling at Mt Turner in early June, with follow-up drilling operations later this year. The drilling program will systematically expand the understanding of mineralization along a 14-kilometer gold trend on the Dromedary fault line.
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