ATAA to spin out Drummond and NSW assets

▪ ATAA intends to spin out its Drummond Basin and NSW assets into a new standalone, gold centric ASX listed exploration company to be named King Metals Limited (King), subject to ATAA shareholder and ASX approval. ▪ The proposed listing seeks to unlock value of the Drummond Basin and NSW exploration assets for ATAA shareholders and separate from the US assets which are now the primary focus of ATA