The lithium bust is threatening to claim its first casualty, with the operator of the Bald Hill mine suspended from trading amid fears it could run out of money within months and is close to breaching debt covenants.
Alita Resources was deep in talks with its major lender Tribeca Investment Partners this week over whether it should continue mining at Bald Hill, near Widgiemooltha in Western Australia.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
