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The administrators have also made good progress in their campaign to sell Delta’s business and assets a going concern, joint administrator Said Jahani said in a statement to the Australian Securities Exchange.
“At this stage we anticipate the second meeting of creditors will be convened within the next four weeks,” he said.
“Please note that the timing of the second meeting will be dependent on how our sale negotiations progress.
“At the second meeting, creditors will determine the future of the companies in the group.”
Delta had a highly experienced and professional workforce who understood site expectations and requirements with Tier-1 and 2 mining clients.
“It is a reputable and well-recognised brand,” Jahani said.
“It has operations across New South Wales and in Mackay, Queensland.
“The business generated revenue of circa $70.4 million in FY16.”
