The explorer says it owns 75pc of one of the world’s largest lithium deposits
Three mining executives seek election to its board at its November AGM
A former director of lithium explorer AVZ Minerals has alleged its board’s decision to pay a Congo middleman $US1 million ($1.5 million) cash for services in the African nation sparked a boardroom row that led to his exit from the miner.
Peter Huljich resigned from AVZ’s board in July 2022 just months after the explorer entered an indefinite sharemarket suspension, which has left around 21,000 Australian investors stuck in the stock that last traded with a $2.7 billion market cap.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
