Billionaire Chris Ellison’s Mineral Resources has snared a 19.8 per cent stake in a new lithium target with links to MinRes chairman James McClements.
MinRes disclosed its shareholding in Wildcat Resources late on Tuesday, after The Australian Financial Review revealed 10 days ago it was targeting the West Australian explorer with ground near the Wodgina lithium mine jointly owned by MinRes and Albemarle.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
