Tony Sage

In 1997 Sage formed the consulting firm Okewood Pty Ltd to finance and manage mining and exploration companies in Australia and overseas. Sage came to corporate prominence in 2008, when he sold a magnetite project called Mt Anketell to the Metallurgical Corporation of China for $400 million after buying it 18 months earlier for just $20m. In 2009 he asset flipped CopperCo the receivership and after converting its debt to equity, sold the CopperCo assets for approximately $300m. The sale of African Iron Ltd to Exarro for approximately $375m took place in 2012.[1]

In October 2014 Sage became Executive Chairman of Cape Lambert Resources Ltd, and Non Executive Chairman of Cauldron Energy Ltd and Fe Ltd. He is a non-executive director of Kupang Resources Ltd, Caeneus Minerals Ltd, and International Petroleum Limited and Managing Director of his consultancy business Okewood Pty Ltd.[2]

From 2012 to February 2014, Cape Lambert was the subject of continuing investigations by the Australian Taxation Office. The result was a $96m assessment issued to his flagship company, Cape Lambert Resources Ltd, plunging the share value by 75%. After two years of intense scrutiny, the ATO settled for $2.4m.[3][4]

In 2007 Sage purchased a part ownership stake in A-League football club Perth Glory, and fully took over the club in 2009 after buying out co-owner Brett McKeon. In 2020 he began the process of selling part of the club to the London Football Exchange, a football-based Cryptocurrency exchange.[5][6]

Sage is part owner of the Perth Fashion Festival. He was also the owner and publisher of the defunct Kurv fashion magazine.[7][8]