Richard Tucker and John Bumbak were appointed Deed Administrators of Alita Resources Limited (Subject to Deed of Company Arrangement) on 17 December 2019.

Alita Resources Limited (Subject to Deed of Company Arrangement)
ACN 147 393 735 (‘Alita’)

Richard Tucker and John Bumbak were appointed Administrators of Alita and certain subsidiaries on 28 August 2019 pursuant to Section 436A of the Corporations Act 2001. Subsequently, Richard Tucker and John Bumbak were appointed Deed Administrators of Alita and certain subsidiaries at the Second Meetings of Creditors held on 17 December 2019 at which creditors resolved that the Companies execute a Deed of Company Arrangement.

Alita, is a dual-listed (ASX and SGX Catalist) company which commenced lithium (spodumene) concentrate production at its principal project, the Bald Hill Lithium and Tantalum Mine in March 2018. As a result of its merger with Joint Venture Partner Tawana Resources in December 2018, Alita now owns 100% of the Bald Hill spodumene mine. The Bald Hill Mine entered commercial lithium concentrate production in July 2018 and production of high quality lithium and tantalum concentrates at the mine continues to ramp up.

Bald Hill Project

The Bald Hill Lithium and Tantalum Mine  is located 50km south east of Kambalda in the Eastern Goldfields region of Western Australia.

The Bald Hill hard rock lithium operation  boasts a top quality +1mm spodumene concentrate (low mica, low iron) and a significant tantalum by-product production.

 

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The Scheme of Arrangement between Alliance Mineral Assets Limited  (Alliance) and Tawana Resources NL  (Tawana) whereby Alliance acquired 100% of the ordinary shares in Tawana became effective in December 2018. Refer links below to Tawana Resources’ Scheme Booklet and Supplementary Scheme Booklet:

Supplementary Scheme Booklet

Scheme Booklet

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