Alien Metals Ltd (AIM:UFO, OTC:ASLRF) said the latest sampling results from its Hancock project in Pilbara, Western Australia, showed more high grades of iron ore.
Bulk samples from the Ridge C resource returned an average grade of 62.2% with low levels of impurities.
The sampling indicates that the high-grade material commences from less than 1m below surface, said Alien, and represented a homogenous bulk sample across the centre of the Ridge C resource.
Bill Brodie Good, Alien’s chief executive, said: “The high-grade nature of these results demonstrate the quality of the project and continue to give us great confidence in the planning and development process we are progressing. “