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.