Resources investor Tolga Kumova is the latest high-profile mining sector figure to wade into the hot Pilbara lithium sector, getting exposure on Friday to tenements in the geological region known as the Tabba Tabba shear.
Mr Kumova is the biggest shareholder in micro-cap explorer Industrial Minerals, which doubled in value on Friday after buying an option to extract lithium from tenements owned by an unlisted quarrying company.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com