Indago Resources

Northern Minerals managing director George Bauk has been named the new chair of lithium miner Cobre Montana.

Indago Resources director Tim Kestell has spent more than $2 million subscribing to a shortfall of shares in the company's recent capital raising.

Indago Resources is set to get a new board after its current directors conceded a request from Subiaco-based GoldLink IncomePlus to appoint Miles Kennedy, Karl Simich and Matthew Fitzgerald.

The Karl Simich-chaired investment company GoldLink IncomePlus has proposed to buy 10 per cent of shares in Subiaco-based Indago Resources as part of a bid to replace the board with its own nominees.