The Western Australia Department of Mines, Industry Regulation and Safety has granted Aim-listed Alien Metals a mining lease for the Hancock iron-ore project.
This represents a key milestone on the pathway towards development of the project and provides Alien with security of tenure for a 21-year term through to April 17, 2045.
“The company has made significant progress and is now in discussion with various parties regarding the required development funding. The technical team is currently focused on mining proposal submission and environmental assessment.
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.