QX Resources Limited announced the appointment of Steve Promnitz to the new role of Managing Director to facilitate the growth and development of the Company's lithium assets in Western Australia and its gold projects in Queensland. Mr. Promnitz recently resigned as Managing Director from Lake Resources NL, a lithium brine developer, as part of a CEO transition. He successfully secured the lithium assets for Lake Resources in 2016, and developed the previously untested Kachi lithium brine project in Argentina with new technologies to a stage where most project financing is indicatively in place for its development.

In the process, he took a $1 million market value private company, using new exploration models and ESG friendly extraction techniques, to form an ASX 200 Company with a strong balance sheet and a market capitalisation of AUD 2.1 billion at the time of his departure. Prior to Lake Resources, Mr. Promnitz worked in the gold sector with major and mid-tier producers as well as across the battery minerals of copper, nickel and rare earths, and the broader natural resources and energy sector, with a focus on South America, South-East Asia and Australia. Previously he was CEO of small/mid-tier companies and has held senior management roles with global resource companies (Rio Tinto, WMC) and senior corporate finance roles with major banks (Westpac, Citigroup).

He holds a BSc (Hons) from Monash University.