Tusker Minerals deal raises questions in Cameroon
Australian miner Tusker acquired two firms linked to its CEO for rutile exploration in Cameroon.
Australian mining company Tusker Minerals acquired two firms on June 13, 2025, gaining access to rutile exploration projects in Cameroon. The transaction was with Gondwana Capital Pty Ltd, a company where Tusker's CEO, Clifford Fitzhenry, also serves as a director. Fitzhenry was a technical consultant for the company, then known as DY6 Metals, before becoming CEO on July 14, 2025.
The deal involved Tusker acquiring 100% of Aardvark Minerals Pty Ltd and EKOM Metals Pty Ltd, which control Rhino Resources Ltd and Gorilla Mining Ltd in Cameroon respectively. Shareholders approved the acquisition on June 11, 2025. Through Rhino Resources, Tusker gained rights to the Douala Basin project, covering 2,580 square kilometers.
The Douala Basin project includes three granted exploration permits and three pending permit applications. Tusker Minerals was formerly known as DY6 Metals. The company's annual report for the financial year ended June 30, 2026, details Fitzhenry's directorship at Gondwana Capital.
Why it mattersThe acquisition of mining rights by Tusker Minerals, a company linked to its CEO, affects Cameroon's resource management and potential revenue.