Alien Metals delineates two robust targets at Donovan 2, and is now planning a drill programme
Alien Metals has a diverse portfolio of assets in Mexico and Australia
Company
LON:UFO
Alien Metals Ltd is advancing the development activities for its 90% owned Hancock Iron Ore Project in the Pilbara region of Western Australia. The company’s development study has confirmed that Hancock has excellent project economics and prospectivity with extensive untested mineralisation trends.
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Alien Metals has a diverse portfolio of assets in Mexico and Australia
Alien Metals has a broad portfolio of projects in Mexico and Australia
The projects, now 51% owned by UFO, present the potential for high-grade direct shipping ore (DSO) operations.
The miner said the open pit resource at Elizabeth Hill was “untouched to date” and that there was further resource potential in underground workings and strike extensions at the site
The company said it had raised the funds through the issue of around 466mln new shares at a price of 0.15p each
Alien has built up a diverse portfolio of exploration and development assets in Mexico and Australia
Alien is building up an extensive portfolio of projects
A couple of copper and sulphide bearing float samples were located from a hand-dug water well located right over the ground magnetic anomaly defined from work performed in 2019
The company is close to submitting requests to SEMARNAT, the Environmental Ministry of Mexico, to obtain permission to drill at Los Campos and San Celso
Alien Metals is building a diverse portfolio of projects
Alien Metals is rapidly building up diverse portfolio of base and precious metals assets
Elizabeth Hill is situated in an established mining district with full infrastructure and a port 25km away.
The low cost deal will give it ownership of Elizabeth Hill in the Pilbara region of Western Australia
Alien is moving forward with its plans to become a project generator
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Alien Metals has recently been revitalised with new finance and new dealflow
Alien Metals has recently been recapitalised and is now positioning itself as a project generator
The company and its technical consultants have identified prospective areas and visited the Pilbara sites over the past week to take samples
One deal has already been done, and more are in the pipeling
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