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Alien Metals Ord Shs ASLRF

Alien Metals Ltd is a United Kingdom-based mining exploration and development. The principal activity of the Company and its subsidiaries is the exploration and development of mineral resource assets. It holds a collection of projects within its portfolio, spearheaded by its Hancock DSO (direct shipping ore) iron ore project in which it has a 90% holding, through its 100% owned subsidiary the Iron Ore Company of Australia (IOCA). In addition to this, the IOCA portfolio consists of the Brockman (90%) and Vivash Gorge (100%) iron ore projects both surrounded by tier 1 tenements owned by mining corporates, such as Rio Tinto and FMG. Its Hancock Iron Ore Project is within 20 kilometres (km) of the established regional mining hub of Newman. Its Elizabeth Hill Silver Project is situated approximately 45 km south of Karratha in the Achaean Pilbara Block of the Pilbara Craton. The Munni Munni Project hosts significant PGE mineralization. This includes palladium, platinum, gold, and rhodium.


OTCPK:ASLRF - Post by User

Post by Goodtoreadthis1on Jun 01, 2022 4:49am
157 Views
Post# 34722286

News report on Alien Metals

News report on Alien Metals

News Article

Alien Metals Shares Rise as Iron Ore Project Progresses, on Track

4:01am ET 6/1/2022 Dow Jones

 

 

 

 

By Jaime Llinares Taboada

 

 

 

Shares in Alien Metals Ltd. rose Wednesday after it said that the development of its Hancock iron ore project in Australia is progressing well and is on track to be shovel-ready by early 2023.

The AIM-listed minerals exploration company said that results of a metallurgical test work program highlighted the high-grade and low impurity nature of the deposit. This has allowed Alien to advance discussions with potential offtake partners which led to the delivery of marketing samples.

In addition, Alien said that it has been presented with a range of debt and equity funding options for the project, and that key approvals and permitting are advancing on schedule.

Shares at 0743 GMT were up 12% at 0.73 pence.

 

 

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

 

 

(END) Dow Jones Newswires

June 01, 2022 04:01 ET (08:01 GMT)

 


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