In the Pilbara region of Australia, Alien Metals’ Hancock Iron Ore Project shows great promise, boasting an updated mineral resource estimate of 8.4 million tonnes at 60% iron. The project’s strong financials, extensive exploration prospects, and commitment to community partnerships position it for future growth and expansion in the global iron ore market.
In the heart of Australia’s iron ore country, the Pilbara region, an intriguing tale unfolds. Alien Metals Ltd, a London-listed exploration and development company, has announced the results of a much-awaited development study on its 90% owned Hancock Iron Ore Project. The study reveals a promising financial outlook, with an updated JORC mineral resource estimate of 8.4 million tonnes at 60% iron, demonstrating the project’s potential to generate substantial wealth in this vast and rugged landscape.
The development study, conducted by independent consultants, highlights impressive financial metrics for the Hancock Iron Ore Project.
Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer. The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.