Liatam Mining Pty Ltd entered into a deed of company administration to acquire Alita Resources Limited (Catalist:40F) on December 17, 2019. As per terms, 100% of the shares will be transferred for no consideration. The creditors in a meeting on December 17, 2019 approved the deed. The transaction requires approval from Court; which is expected to be received by February 25, 2020 and Foreign Investment Review Board. The transaction is expected to close on February 28, 2020. On January 17, 2020, the court hearing extended to March 4, 2020 and hence the expected closing also postponed to March 9, 2020. As of February 18, 2020, submitted no objection certificate for the delisting of the shares from stock exchange. KordaMentha Pty Ltd, Nicki Ivory of Deloitte Financial Advisory Pty Ltd and Jeames McKibben and Karen Lloyd of SRK Consulting (Australasia) Pty Ltd acted as valuers in the transaction.

Liatam Mining Pty Ltd cancelled the acquisition of Alita Resources Limited (Catalist:40F) on July 21, 2023. As of July 21, 2023, Liatam Mining was unable to get FIRB approval.