Alien Metals granted 21-Year mining lease for Hancock Iron-Ore project

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.

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

More articles like this

Iron Ore as a pillar of industrial and economic progress

Iron ore is an essential component of steel production, offering several notable benefits. This renewable resource is extracted from the earth’s surface and requires minimal energy for extraction. However, the extraction process itself demands substantial energy

Iron Ore futures poised for second weekly gain

Iron ore futures prices were stable on Friday but were poised for a second weekly gain, driven by sustained optimism for increased demand in China, the top consumer, fuelled by a series of property stimulus measures.