Allegiance Mining

Allegiance Mining (ASX:AGM) is an Australian mining company.

Allegiance Mining NL was listed on the Australian Securities Exchange on 29 October 1993.

Allegiance operatred the Avebury nickel mine project on the west coast of Tasmania, Australia. Allegiance had an ongoing exploration effort targeting nickel sulphide deposits around the Avebury nickel project area and production was scheduled to start in 2008.

Avebury was a significant nickel sulphide discovery located 8 km west of Zeehan. The mineralisation is essentially remobilised nickel sulphide (pentlandite mineral) and is of simple metallurgy, producing some of the world's highest-grade nickel sulphide concentrate.[1][2]

Takeover Offer by Zinflex

On 17 December 2008, Allegiance received a bid from Ziniflex Australia Limited ("Ziniflex") at $0.90 cents per share (increased to $1.00 per share if the bid was successful). The Board initially rejected this bid, but on 22 February 2008, the Board recommended sharehodlers accept the increased offer of $1.10 per share, and accepted for all shares owned or controlled by Board members.[3][4]

In March 2008 the board of directors recommended to shareholders the sale of Allegiance Mining to Zinifex Limited for $1.10 per share.[5]

Avebury was then later owned by QCG Resources.[6]

Board of Directors

Peter Cassidy - Chairman

Anthony Barnes - Director

Brett Fletcher - Director

Graham Hurwitz - CFO

Barry Sullivan - Non Exec Director

Anthony ("Tony") Howland-Rose - former Chairman & CEO.

Eddie Lee - former Deputy Chairman, Non Exec Director.

David Deitz - former Executive Director

Ian Levy - former CEO

Company Secretary

Langer Edward ("Ted") Avery - held role of Company Secretary between 1993 and unknown.

David Deitz - held role of Company Secretary between unknown and 1 April 2008.

Elan Slater - held role of Company Secretary between unknown and 1 April 2008.

Francesca Lee - Company Secretary

References
  1. Keays, Reid; Jowitt, Simon (2013), The Avebury Ni deposit, Tasmania: a case study of an unconventional nickel deposit, Elsevier Science BV, retrieved 19 November 2018
  2. Keays, Reid R; Jowitt, Simon M (1 August 2013), "The Avebury Ni deposit, Tasmania: A case study of an unconventional nickel deposit", Ore Geology Reviews, Elsevier B.V, 52: 4(14), doi:10.1016/j.oregeorev.2012.07.001, ISSN 0169-1368
  3. "Allegiance Mining NL - Report for March 2008 Quarter" (PDF). ASX.
  4. Regan, James (25 February 2008). "Allegiance Mining agrees sweeter $790 mln Zinifex bid". Reuters. Retrieved 15 November 2020.
  5. https://www.smh.com.au/business/852m-allegiance-takeover-offer-accepted-20080508-2c5b.html
  6. https://mining-atlas.com/operation/Avebury-Nickel-Mine.php


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