Allegiance Mining

Allegiance Mining NL (ASX:AGM) is an Australian mining company listed on the Australian Securities Exchange on 29 October 1993.

Allegiance operated 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]

On February 21, 2023, Allegiance Mining's U.S. division filed for Chapter 11 bankruptcy protection.[3] On February 15, 2024, debtor in possession lenders sued Allegiance Mining, stating the company has over $1.8 million in unpaid fees.[4]

  1. ^ Keays, Reid; Jowitt, Simon (2013), "The Avebury Ni deposit, Tasmania: a case study of an unconventional nickel deposit", Ore Geology Reviews, 52, Elsevier Science BV: 4, Bibcode:2013OGRv...52....4K, doi:10.1016/j.oregeorev.2012.07.001, retrieved 19 November 2018
  2. ^ Keays, Reid R; Jowitt, Simon M (2013), "The Avebury Ni deposit, Tasmania: A case study of an unconventional nickel deposit", Ore Geology Reviews, 52, Elsevier B.V (published 1 August 2013): 4–17, Bibcode:2013OGRv...52....4K, doi:10.1016/j.oregeorev.2012.07.001, ISSN 0169-1368
  3. ^ "Allegiance Coal USA files for Chapter 11 bankruptcy in Delaware". Bloomberg Law. 21 February 2023. Retrieved 22 February 2023.
  4. ^ "DIP Lenders Sue Allegiance Coal Over $1.8M In Unpaid Fees". Law360. 15 February 2024. Retrieved 22 March 2024.