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Two firms act on Lounge Lizard Nickel acquisition

Two firms act on Lounge Lizard Nickel acquisition

Allion Legal and Clifford Chance have acted on a mining acquisition of Australia-based nickel sulphide explore and producer Western Areas.

Firms: Allion Legal (Western Areas), Clifford Chance (Kagara)

Deal: Western Areas purchases Lounge Lizard Nickel Project from Kagara Mining

Area: M&A

Value: $68 million

Key players: Allion principal Craig Readhead and associate Jo Steer acted for Western Areas

Deal significance: The Lounge Lizard deposit is located adjacent to Western Areas’ 100 per cent-owned Flying Fox nickel mine at the Forrestania nickel project. Western Areas currently mines, mills and sells the Lounge Lizard nickel concentrate utilising the existing Flying Fox infrastructure under a project agreement with Kagara.

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