Alien Metals Ltd (AIM:UFO, OTC:ASLRF) said it completed the acquisition of the Vivash Gorge iron ore project in the Pilbara region of Western Australia from Zenith Minerals Ltd (ASX:ZNC).
Alien announced last month that it had entered into an agreement to buy the project.
READ: Alien Metals enters agreement to buy Vivash Gorge iron ore project in Western Australia
“We thank the team at Zenith for their support in this process and look forward to getting on the ground in the coming quarter,” said Alien Metals chief executive Bill Brodie Good. “We feel it's a great fit to our iron ore portfolio which adds further potential to the company's growth in the high-grade iron ore sector."
Alien has allotted 7.8mln shares to ASX-listed Zenith as part of the deal.