Alien Metals Ord Shs ASLRF

Metals & Mining Industrial Metals & Minerals

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.

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Post by Goodtoreadthis1on Sep 05, 2022 2:37pm

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Alien -mining at Hancock next year

Strategic acquisition agreement boosts Hancock Development

Alien Metals Ltd (AIM:UFO), a global minerals exploration and development company, is pleased to advise that its wholly owned subsidiary, Iron Ore Company of Australia Pty Ltd (“IOCA") has entered into a binding Heads of Agreement with Mallina Exploration Pty Ltd (“Mallina”) to acquire a strategic tenement, currently under application with the Department of Mines, Industry Regulation and Safety DMRIS, Western Australia (the “Tenement Interest”) bounding the Hancock Project (the “Project”) key to the development of the Project. Alien also announces that it has applied directly for two additional exploration licences within the Hancock area, ELA47/4605 or ‘Hancock West’, and ELA47/4817 or ‘Hancock Northwest’, which provide future resource growth opportunities.

Bill Brodie Good, CEO of Alien Metals, commented: “This is a key strategic acquisition of the tenement application located on the southwestern boundary of Hancock. This underlies the optimum route of the planned haul road to enable extraction of the iron ore from Hancock to market via the shortest and most unencumbered route. The farm-in commitment allows us to include the relevant geotechnical work required from us on the haul road. We therefore view this as coming well within our general Project budget. This is a further significant step in de-risking the Project and enabling us to have full control to get the Project into production.
“Coupling the recent mandate agreement with Anglo America along with this agreement allows us to continue to strengthen our position to be mining at Hancock next year.”