Allegiance Mining is an Australian nickel

Nickel

Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

 mining

Mining

Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...

 company.

Its sole operation is the Averbury mine on the west coast

West Coast, Tasmania

The West Coast of Tasmania is the part of the state that is strongly associated with wilderness, mining and tourism, rough country and isolation...

 of Tasmania

Tasmania

Tasmania is an Australian island and state. It is south of the continent, separated by Bass Strait. The state includes the island of Tasmania—the 26th largest island in the world—and the surrounding islands. The state has a population of 507,626 , of whom almost half reside in the greater Hobart...

, Australia. Avebury nickel project is due to start production in 1Q-08 and the company has an on-going exploration effort targeting nickel sulphide deposits around this area.

Averbury is a significant nickel sulphide discovery located 8 km west of Zeehan

Zeehan, Tasmania

Zeehan is a town on the west coast of Tasmania, Australia. It lies southwest of Burnie. At the 2006 census, Zeehan had a population of 845. It is part of the Municipality of West Coast....

. The mineralisation is essentially remobilised nickel sulphide (pentlandite mineral) and is of simple metallurgy, producing some of the world's highest-grade nickel sulphide concentrate.

In March 2008 the board of directors recommended to shareholders the sale of Allegiance Mining to Zinifex

Zinifex

Zinifex was an Australian company which operated two zinc and lead mines, three zinc refineries and a lead smelter. It was created following the insolvency of Pasminco in 2002, taking on Pasminco operations. In 2008 it merged with Oxiana Limited to form OZ Minerals.-History:Zinifex was the...

Limited for $1.10 per share