Arizona Lithium (formerly Hawkstone Mining, formerly ZYL Limited) was in administration until 27 February 2017, subject to a Deed of Company Arrangement (DOCA) signed on 19 February 2015. The DOCA satisfied creditors’ debts through the disposal of interests in the Kangwane Central Anthracite Project and other assets, while retaining the interest in the Kangwane South Anthracite Project.
Before entering into the DOCA, ZYL was actively attempting to progress its anthracite projects in South Africa. Following effectuation of the DOCA and the Company being reinstated to official quotation under the new name of Hawkstone Mining on the ASX on 2 March 2017, it continued exploration activities on the Kangwane South Anthracite Project.
The company was formerly known as Zylotech Limited, prior to the ZYL Limited name.