Zenith Minerals Limited (ASX:ZNC) announced it had appointed Azure Capital to oversee the strategic review of its lithium operations. The appointment comes on the back of an announcement last week that Zenith had regained control of two of its Western Australia-based lithium projects, Split Rocks and Waratah Well, after EV Metals Group was unable to meet conditions within its earn-in agreement. Michael Clifford, Zenith's managing director, said the appointment of the Perth-based firm was designed to maximise benefits for shareholders.

"We are delighted to appoint Azure Capital as our corporate adviser at this important time for the company," Mr. Clifford said. "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." As part of the appointment, Azure has also been selected as Zenith's takeover response adviser.