Alien Metals MoU executed with Pilbara Ports Authority for Iron Ore exports

Alien Metals Ltd (LON:UFO), a minerals exploration and development company, has announced it has entered into a conditional, non-binding Memorandum of Understanding (“MoU”) with Pilbara Ports to access its Utah Bulk Handling Facility, multi-user berth in Port Hedland. The agreement is the first important step in securing the formal commitment from Pilbara Ports to export the iron ore produced by the Company’s Hancock iron ore Project.

Highlights:

·   Pilbara Ports and the Company’s wholly owned subsidiary, Iron Ore Company of Australia Pty Ltd (“IOCA”), entered into an MoU

·   Pilbara Ports operates in the Pilbara Region of Western Australia, with the Port of Port Hedland as the largest bulk export port in the world

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