Alien Metals Exploration and Corporate Update

Alien Metals Ltd (LON:UFO), a minerals exploration and development company, has announced that it has today published an updated presentation which is available on the Company’s website.

Included in the presentation is a timeline for the development of the Hancock Project in 2023 which includes the objective of concluding a deal with Anglo America (as announced on 31 August 2022) in Q3, along with a Native Title Agreement also targeted to conclude in Q3 with operations commencing thereafter. Furthermore an updated MRE on the Sirius Extension is expected in Q2 2023.

Alien Metals Ltd is a mining exploration and development Company listed on the AIM market of the London Stock Exchange (LSE: UFO). The Company’s focus is on delivering a profitable, long life direct shipping iron ore operation based out of the Pilbara in Western Australia. In 2019, the Company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and in December 2022 moved to 90% legal and beneficial ownership. The Company also acquired 100% the Vivash Gorge Iron Ore project in the west Pilbara in July 2022.

The Company acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Mining Lease and the 115km2 exploration tenement around the mine.

In March 2022 the Company acquired 100% of the former joint venture interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia, one of Australia’s major underexplored PGE and base metals projects. Munni Munni holds a historic deposit containing 2.2Moz 4E PGM: Palladium, Platinum, Gold, Rhodium.

The Company also holds silver, copper and base metal projects in various locations around the world however is currently looking at the best way to divest these for the benefit of shareholders.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Share on facebook
    Share on twitter
    Share on linkedin

    More articles like this

    Iron ore climbs on improving China steel margins

    Iron ore futures climbed on Monday (Mar 13), with the Singapore benchmark rising back above US$130 a tonne, as improving profitability of steel mills and demand outlook in top steel producer China lifted sentiment, although regulatory concerns capped gains.

    Silver price approaches the target

    Silver price resumed its positive trades to surpass the EMA50 and approaches our waited target at 21.40, noticing that the price completed forming double bottom pattern that its signs appear on the chart, which has positive targets that

    Iron ore rises on China demand optimism

    Dalian iron ore futures rose on Monday, extending gains to a fourth consecutive session, as hopes of stronger demand in top steelmaker China supported market sentiment. The most-traded May iron ore on China’s Dalian Commodity Exchange ended day-time

    Alien Metals focus on bringing Hancock into production (VIDEO)

    Alien Metals plc (LON:UFO) Executive Chairman Rod McIllree joins DirectorsTalk Interviews to discuss and update on Exploration and Corporate Activities for its Australian Operations. Rod provides us with an overview of the company, its strategy and explains why he

    Alien Metals’ Hancock investment remains an attractive opportunity

    Alien Metals Ltd (LON:UFO), a global minerals exploration and development company, has provided an updated on Exploration and Corporate Activities for its Australian Operations. This includes drill results from Elizabeth Hill, Australia’s highest grade silver deposit, as well as