Spey Resources Announces Phillip Thomas to Advisory Board
Spey Resources Announces Phillip Thomas to
Advisory Board
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2021) -
Spey Resources Corp.
(
CSE: SPEY)
(OTC PINK: SPEYF)
("Spey" or the "Company") is pleased to announce that it has appointed Phillip
Thomas to its advisory board. Phillip Thomas is currently CEO of AIS Resources Ltd, and was Director
of Exploration until December 18, 2020 when Denis M Walsh MAIG was appointed chief geologist.
Mr.
Thomas continues to be President of Panopus Plc (
www.panopus.net
) and Gurtan Pty Ltd, both of which
are exploration, valuation and geological exploration consulting companies.
From 2012, he was Vice
President of Exploration, and subsequently President, CEO and Chairman (2014-2019) of Arrowstar
Resources Ltd, a TSX-V listed company. Throughout his years of service, he has been instrumental in
establishing a number of significant exploration and mining projects in Mexico, USA, Chile, Australia and
Argentina.
Mr. Thomas has been involved in the lithium industry since 2003 when he was appointed Managing
Director of Admiralty Resources NL. He and his team explored the Rincon Salar in the Puna in Northern
Argentina, and over a three year period designed a fractional crystallization process that resulted in
99.2% Li2CO3 being produced.
This was the first new facility since FMC started in 1995. In 2006, a
2,000 tonne plant was built, and after ponds were evaporated produced lithium carbonate. In 2008,
Admiralty sold the project to Rincon Lithium and Mr. Thomas continued exploring the Pozuelos Salar,
entering into a JV with Lithea Inc.
In 2010, a JORC measured, indicated and inferred resource was
estimated.
From 2012 to 2016 Phil reviewed a number of salars and arranged several joint ventures and
investment with clients of Panopus Plc.
In 2018, Phil got involved with Tsinghua University in Beijing and the University of Melbourne in Australia
to perfect the Ekosolve Solvent Extraction lithium extraction process. Brines from Pozuelos Salar were
processed in a pilot plant in Melbourne with great success and the solvent exchange process was
subsequently further refined to increase yields and recovery through use of solvents.
It is now
commercially ready for application.
Mr. Thomas is a certified Mineral Valuer with extensive lithium brine experience in exploration and
project construction.
He has explored using geophysics and drilled in Pocitos, Guayatayoc, Pzuelos and
Rincon salars.
He built a test plant at Rincon and has explored nearly all 26 salars that are economic in
Puna, Northern Argentina.
During his exploration phases, Mr. Thomas lived in Salta, Argentina.
Mr. Thomas has extensive experience in lithium brines.
His initial experience was in geophysics, drilling
and mine planning at Control Data Mining Centre in 1980 where he analysed synthetic seismograms, 3D
oil reservoir modelling for BHP, and drill hole planning in uranium and block modelling of mine
simulations.
He then decided to follow a career in resource banking and finance in 1982.
Phil was
Exploration Director and CEO of Admiralty Resources for six years from 2003-2008.
He explored, built
and operated the Harper iron ore mine, an IOCG deposit in Chile, explored and built the lithium
carbonate plant at Rincon Salar in Argentina, explored the Ag-Pb-Zn deposit at Bulman in the Northern
Territory, and extended the exploration at Pyke Hill for Cobalt and nickel.
He worked with Geos
Consulting to produce a JORC report for the Harper Iron Ore project.
Mr. Thomas is a fellow of the Australian Institute of Mining and Metallurgy, a Member of the Australian
Institute of Geoscientists, a Director and member of the Australasian Institute of Mineral Valuers and
Appraisers, and an accredited Certified Mineral Valuer.
He has a Bachelor of Science degree in
Geology from the Australian National University, a Master's Degree in Business with high distinction from
Monash University, and has completed numerous post graduate courses including updating his
qualification in JORC reporting.
Spey Resources chief executive officer and director Nader Vatanchi states, "We are very happy to
welcome Phillip Thomas to Spey Resources, and I would like to congratulate him on recently being
awarded fellowship of the Australian Institute of Mining and Metallurgy. This is a significant achievement
and a testament to the skills he has acquired. Considering his vast experience in lithium brine
exploration and production, he will undoubtedly prove to be a very valuable addition to our team and we
look forward to working with him."
About Spey Resources Corp.
Spey Resources is a Canadian mineral exploration company which holds an option to acquire 100%
interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina.
Spey also holds an option to acquire a 100% undivided interest in the Silver Basin Project located in the
Revelstoke Mining Division of British Columbia as well as an option to acquire a 100% interest in the
Kaslo Silver project, west of Kaslo British Columbia.
For more information, please visit the Company's public disclosure at
www.sedar.com
and
www.speyresources.ca
Contact:
Nader Vatanchi
CEO, Director
778-881-4631
www.speyresources.ca
###
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.
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term is defined in applicable Canadian securities legislation. The words "may", "would", "could",
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including, without limitation: the potential of the Company's mineral properties; the estimation of
capital requirements; the estimation of operating costs; the timing and amount of future business
expenditures; and the availability of necessary financing. Many factors could cause the actual results,
performance or achievements that may be expressed or implied by such forward-looking information
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forward-looking information prove incorrect, the actual results or events may differ materially from the
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accuracy or completeness of such forward-looking information. The forward-looking information
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undertakes no obligation to publicly update or revise any forward-looking information, other than as
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