Alien Metals Ltd (LON:UFO) said it is set to acquire 117sq km of acreage adjacent to its Elizabeth Hill silver project in Western Australia.
The acquisition comes with historical technical data on precious and base metal prospects identified by previous operators, Alien added.
The ELA 47/4422 tenement includes several priority prospects within 10km of the Elizabeth Hill Silver Project including a zinc target Sunchaser, a copper, zinc and lead target Conquest and Carver and Munni Munni East where there are indications of PGM elements.
Bill Brodie Good, Alien’s technical director, said the company was thrilled by the acquisition, which remains subject to granting and ministerial consent.
“It adds significant tenure to the Elizabeth Hill Silver Project area allowing us to work from a central location on several different targets.”
“We know that some of these are almost walk up targets and with the extensive data acquisition we hope to uncover more prospects to develop.
“This area has been quite neglected for many years and the company is keen to get on the ground and make new discoveries."