Alien Metals Limited (LON:UFO) has provided an update, further to an independent review undertaken by Resource Potentials Pty Ltd, covering recent activities and exploration works planned for later this year at its 100% owned Pinderi Hills silver and precious metals project in Western Australia and the Hancock Iron Ore Project.
Overview
The Pinderi Hills Project is located in the world-class mining province of the West Pilbara, covering an area of 180 square kilometres. The Project contains a unique combination of platinum group metals (“PGM”) and gold (“Au”) associated with the Munni Munni Intrusive Complex, the nearby historic Elizabeth Hill silver (“Ag”) mine and multiple nickel-copper (“Ni-Cu”) and lithium (“Li”) exploration targets.
The current resource base for the Project, as previously announced, includes:
· Munni Munni (JORC 2004): 24Mt @ 2.9g/t PGM and gold for 2.2Moz PGM1
· Elizabeth Hill (pre-JORC): 46.8kt @ 2,700g/t Ag for 4.05Moz Ag2