Alien Metals remain focused on delivering long-term value

Alien Metals Ltd (LON:UFO), a minerals exploration and development company, has announced its financial results for the six months ended 30 June 2023.  The full Interim Results, with accompanying notes, are available on the Company’s website: www.alienmetals.uk.

Guy Robertson, Executive Director – Finance of Alien, commented: After being appointed Executive Director – Finance earlier this year, I am pleased to share our Interim Results for the first six months of 2023.

“Over the last half of the year, we have made significant progress across our portfolio, with particular highlights including the acquisition of Mallina Exploration Pty Ltd, providing us with a strategic tenement holding at the Hancock Iron Ore Project and the publication of the Maiden Ore Reserves at Hancock.

“The completion of the Maiden Ore Reserves at our Hancock Iron Ore Project declared 1.9 million tonnes (“Mt“) at 60.2% Iron (“Fe“) and an update to our JORC Resource to 9.1Mt at 60.3% Fe. This was a significant milestone for the Company, as it built confidence for the potential of Direct Ship Iron Ore (“DSO”) at Hancock and allowed us to commence the updated Study works.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn

More articles like this

Insights on the Platinum Group Metals market

The Platinum Group Metals (PGMs) market has recently been examined in a study released by USD Analytics Market, shedding light on its size, share, and sales while identifying opportunities and conducting a risk analysis. The report

PGM metals in Global Innovation and Sustainability

Platinum group metals (PGMs) play a pivotal role in a wide range of industries, making them highly valuable and indispensable resources in today’s global economy. Comprising six metals – platinum, palladium, rhodium, ruthenium, iridium, and osmium

The global importance of Iron Ore

Iron ore, a naturally occurring mineral, plays a crucial role in the development of modern infrastructure and industries. As one of the most abundant elements on Earth, it is a primary source of iron, a key

Promising lithium discovery at Pinderi Hills

Errawarra Resources received promising results from an extensive two-month reconnaissance exploration at the Pinderi Hills project. The exploration, which involved soil, stream sediment, and rock chip sampling, successfully identified a significant lithium footprint and uncovered valuable

Iron ore futures recover amid positive China data

Iron ore futures saw a recovery on Friday, driven by better-than-expected inflation data from China, the top consumer of the metal. However, ongoing concerns about demand and high supply kept prices on track for a weekly

Iron ore prices soar to two-week high

Iron ore futures experienced a significant rise on Monday, reaching a two-week high, influenced by a promising Chinese economic outlook. This surge followed robust services data and continued expectations of economic stimulus from China, the leading

Alien Metals raises £0.6 million via Placing

Alien Metals Ltd (LON:UFO), a global minerals exploration and development company, has announced that, further to its announcement of 11:01 a.m. (London time), it has successfully completed and closed the Placing. The Placing has raised, in aggregate, gross proceeds

The significance of Iron Ore in the global economy

Iron ore is one of the most abundant and widely utilised natural resources globally. It serves as the primary raw material for steel production, essential for industries like construction, transportation, manufacturing, and energy. Its significance extends

Alien Metals and Australia’s Platinum Group Metals potential

Australia’s history with platinum group metal (PGM) deposits is mixed, with numerous unsuccessful attempts to develop operations since the market’s initial excitement in 1985. However, current conditions might favour the resurgence of these metals. Rob Mosig,