# Tony Sage Executive Chairman ## Career chronology - **current at cutoff; start date undisclosed: European Lithium Limited** — Executive Chairman. [Annual Report]() (Corporate directory or key management personnel disclosure) - **since 2014; CEO from 2024-04: European Lithium Ltd** — Executive Chairman / CEO. [Annual Report]() (2025/26 reporting and company bio: chair; appointed CEO April 2024; career corporate advisory, investment and fundraising; concurrent CuFe and Cyclone roles.) - **2014: Cape Lambert Resources** — Executive Chairman. [Cape Lambert Reaches Settlement with ATO]() (2014 issuer release identifies Sage as Executive Chairman during resolution of company ATO dispute.) ## Litigation and enforcement ### Cape Lambert settled disputed ATO assessment during his executive-chair tenure [tony-sage_research_update] 2012–2014 · issuer reported · medium materiality Cape Lambert’s 2014 ASX release identifies a A$96m amended assessment and net final payment of about A$2.465m after objections/dispute. The release quotes Sage as executive chairman and states settlement resolved the matter; no personal tax liability or misconduct finding was identified. **Attribution:** Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so. **Relevance:** Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility. [Cape Lambert Reaches Settlement with ATO]() (Cape Lambert’s 2014 ASX release identifies a A$96m amended assessment and net final payment of about A$2.465m after objections/dispute. The release quotes Sage as executive chairman and states settlement resolved the matter; no personal tax liability or misconduct finding was identified.) ### AFP searches of Sage-associated business offices were reported; public outcome not established [tony_sage_afp_investigation_reported] 2012–2014; later outcome not located by cutoff · alleged · medium materiality ABC reported in February 2014 that AFP officers searched offices occupied by companies associated with Tony Sage, including Cape Lambert Resources and Perth Glory, as part of a continuing tax investigation involving Commonwealth agencies. The article did not report charges or a finding against Sage. The documented open-web follow-up through the cutoff did not identify a public prosecution or formal closure; that search result does not prove the investigation ended. **Attribution:** Role overlaps event; causation unproven. The source documents searches, not charges or findings; later resolution remains unlocated in reviewed public sources. **Relevance:** Material reputational/legal context because contemporaneous reporting named businesses associated with Sage; no inference of personal guilt or of a closed investigation. [Australian Federal Police raid Perth offices of mining boss Tony Sage]() (ABC report: AFP searches and description as continuing investigation) ## Governance and interests ### European Lithium paid final €160,000 market-manipulation penalty [tony-sage_eur_fma_2021] 2019–2021 · documented · high materiality On 15 June 2021 the Austrian FMA announced a final €160,000 penalty against European Lithium as a legal person for market-abuse breaches involving false or misleading market signals. The issuer’s 17 June response says the statements were made by director Stefan Muller in a May 2019 Austrian interview, were unauthorized and inconsistent with contemporaneous ASX disclosures; Muller resigned on 4 March 2020. The company said it paid without admission and reserved rights against Muller. This is an issuer enforcement outcome, not a personal finding against the current executive. **Attribution:** Role overlaps event; causation unproven. The regulator penalized the company. The issuer specifically attributes the statement to former director Stefan Muller and says it was unauthorized; no personal liability is inferred for the executives listed. **Relevance:** Material listed-company disclosure and governance history during the current executive team’s tenure; personal responsibility is attributed by the issuer to former director Stefan Muller, not these executives. [FMA imposes sanction against European Lithium Limited for market manipulation]() (FMA announcement: final penalty against legal person European Lithium); [Response to Media Article re FMA fine]() (paras 2–15: identity of speaker, resignation, issuer response and no-admission payment) ### European Lithium paid €122,850 final penalty for delayed disclosure [tony-sage_eur_fma_2022] 2020–2022 · documented · high materiality On 10 May 2022 the Austrian FMA announced a final €122,850 penalty against European Lithium as a legal person for a delayed ad hoc disclosure of 5 March 2020. No current individual is named in the FMA notice. The reported penalty is company-level and does not establish personal wrongdoing by this executive. **Attribution:** Role overlaps event; causation unproven. The fine is against the legal person European Lithium. The regulator page reviewed does not identify an individual as responsible. **Relevance:** Relevant to governance oversight at the issuer. Reviewed record does not identify individual culpability. [FMA sanction for late ad hoc disclosure]() (FMA announcement, lines 304–313: amount, underlying date and finality) ## Suitability for the current role ### Limited public evidence for role fit [tony_sage_role_fit] current at cutoff; start date undisclosed · analyst inference · low materiality The issuer identifies Tony Sage as Executive Chairman. The cited source establishes the disclosed role and any stated appointment date. This source alone does not establish attributable prior-employer outcomes, verified credentials or independently benchmarked delivery. This is an evidence limitation, not an adverse personal finding. **Attribution:** Responsibility not applicable. No personal outcome responsibility is inferred from the title alone. **Relevance:** The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence. [Annual Report]() (Corporate directory, key management personnel or appointment disclosure; role and date) ## Evidence gaps - Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record. - The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented. - Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.