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Alien Metals begins new mapping and sampling programme to refine newly established targets at Hammersley

Alien Metals has a diverse portfolio of assets in several jurisdictions

Alien Metals Ltd -

Alien Metals Ltd (LON:UFO) has begun follow-up detailed geological mapping and sampling at the Hamersley iron ore projects in Australia.

The programme is designed to validate recently announced exploration targets across both projects and will consist of four-to-five kilometres of grid-based sampling across priority prospects, and detailed mapping over exposed iron ore formations.

"The company is extremely pleased with the results and findings of the recent detailed data compilation, which helped generate maiden exploration targets for both projects,” Alien Metals' chief executive Bill Brodie Good said in a statement.

“The field work undertaken last year replicated the high-grade direct shipping ore results previously recorded at the projects and so our next objectives are to carry-out further exploration work, including an upcoming maiden drilling programme, to potentially convert the exploration targets into JORC compliant resources,” he added.

 

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Price: 1.389 GBX

LSE:UFO
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Market Cap: £43.9 m
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