LIQUIDATION & BALD HILL FOR SALE, page-1688

So as I read this, Alita received the 203m tax notice as it is head of the tax Grouping of Alita, Lithco and Tawana.
Page 11 shows the tax liability remains with Lithco and Tawana but Alita has to get the money from them and give it to the ATO.

Further, Alita has tax loss carried forward of 250m which more than offsets any bill from the ATO.

If my reading is correct, MIN probably want Alita because without it they have to pay the 203m to the ATO. With it, the carried forward loss can be used and nothing is payable to ATO.