Zenith Minerals Limited (ASX: ZNC), a pioneering mining exploration company, today announced the appointment of Azure Capital Pty Ltd, a leading Perth-based corporate advisory firm, as its strategic adviser for the review of its lithium business. This move underscores Zenith's commitment to maximizing shareholder value and exploring new strategic opportunities in the rapidly evolving lithium sector.
Azure Capital, renowned for its extensive expertise in the metals and mining sector, particularly in lithium, will guide Zenith through a comprehensive strategic review. This collaboration aims to enhance the value of Zenith's lithium assets, including the 100% owned Split Rocks and Waratah Well lithium projects in Western Australia.
The appointment follows Zenith's recent announcement (ASX Release 11-Jan-24) of regaining full control over the Split Rocks and Waratah Well lithium projects. With Azure's support, Zenith will explore various strategic avenues, including potential sales and partnerships, in response to the growing interest from various strategic investors in the lithium market.
Azure Capital, part of Natixis CIB’s affiliate network with a global presence in over 30 countries, brings a wealth of experience in financing, mergers and acquisitions, and strategic reviews. This partnership will provide Zenith with unparalleled access to global investors and partners, further strengthening its position in the lithium sector.
In addition to guiding the strategic review, Azure has also been appointed as Zenith's takeover response adviser, positioning the Company to effectively navigate the dynamic corporate landscape of the lithium industry.
Zenith Minerals Managing Director, Michael Clifford commented:
“We are delighted to appoint Azure Capital as our Corporate Adviser at this important time for the Company. Azure has a very strong track-record advising ASX-listed lithium companies and we believe they will be an excellent partner for Zenith as we undertake a strategic review of our lithium projects and look to maximise value for shareholders over these high-quality assets.
We have received several unsolicited expressions of interest from potential strategic investors and continue to see significant corporate activity across the lithium sector. Now that the Company has reassumed control of the assets, we will explore these opportunities further with the assistance of Azure”.
About us:
Zenith Minerals Limited (ASX:ZNC) is an Australian-based minerals exploration company leveraged to the increasing global demand for metals critical to the production processes of new energy industrial sectors. The Company currently has four lithium projects all located in Western Australia. The 100% owned Split Rocks and Waratah Well projects are the two most advanced lithium projects in Zenith’s portfolio
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au