WML 0.00% 0.2¢ woomera mining limited

Ann: Exploration Update, page-39

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  1. 367 Posts.
    lightbulb Created with Sketch. 2040

    Let me see if I can clear up any confusion here.

    On 28 February 2022, WML announced that it was going to transfer all of its lithium-prospective tenements into Liquid Lithium Pty Ltd:

    https://hotcopper.com.au/data/attachments/4233/4233863-6c7abc7da39086d3beb4aa903a1e6480.jpg

    This is not a new company, but seemingly a pre-existing entity that already seems to hold some of the tenements per the table above.

    Liquid Lithium is a company controlled / owned by WML and hence the intended transfers are simply an internal restructuring, and not an external disposal by WML at this time. In other words WML will continue to retain the interest in the tenements following the internal transfers to Liquid Lithium.

    The question arises as to why WML is doing this, about which I have posted comments earlier.

    As always please do your own research.
    Last edited by Disclosure: 04/04/22
 
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