Minerals explorer and developer Alien Metals updated the market on its Hancock iron ore project on Tuesday, announcing the execution of heritage agreements (HPAs) with the Karlka Nyiyaparli Aboriginal Corporation.
The AIM-traded firm said the initiative was for two exploration and one miscellaneous licence application for the project, which is 90%-owned through its subsidiary, the Iron Ore Company of Australia (IOCA).
It said IOCA’s commitment to a long-term, constructive relationship with the Nyiyaparli traditional owners culminated in the execution of the HPAs for exploration licence applications E 47/4817, E 47/5001, and miscellaneous licence application L 47/1063 at the Hancock Project, in the Pilbara region of Western Australia.
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.