Shares in the company will remain halted until the earlier of either, the release of relevant information, or, the commencement of trading on Thursday 16 May 2019.
READ: Alliance Mineral Assets identifies new exploration target at Bald Hill Lithium and Tantalum Mine
Last week Alliance revealed that drill has provided further evidence of a new extensive mineralised pegmatite body at Bald Hill Lithium and Tantalum Mine in Western Australia.
A drill hole (LRCD0842), which formed part of recent exploration drilling, intersected 20 metres of coarse-grained spodumene-bearing pegmatite from 189 metres.
Kidman bid attracts takeover speculation
With M&A activity starting to heat up and some specific action in the ASX lithium sector with Wesfarmers (ASX:WES) bidding for Kidman Resources Ltd (ASX:KDR), Alliance has been touted as a potential takeover target.
Media speculation earlier this month suggested Alliance’s status as a lithium and tantalum producer makes it a viable takeover option.