REG - Alien Metals Limited - Heritage Agreements signed for Hancock Project

Alien MetalsAnnouncement

03/10/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231003:nRSC4341Oa&default-theme=true

RNS Number : 4341O  Alien Metals Limited  03 October 2023

 

Trading Symbols

AIM: UFO

FWB: I3A1

3 October 2023

 

 

Alien Metals Ltd

("Alien" or "the Company")

 

Heritage Agreements signed for Hancock Iron Ore Project Exploration Licences
and Miscellaneous Licence

 

Alien Metals Ltd (AIM: UFO), a minerals exploration and development company,
is pleased to announce its subsidiary company Iron Ore Company of Australia
("IOCA") has executed Heritage Agreements ("HPAs") with the Karlka Nyiyaparli
Aboriginal Corporation RNTBC ("KNAC") associated with two exploration licences
and one miscellaneous licence for its 90% owned Hancock Iron Ore Project
("Hancock Project"), in the Pilbara Region, Western Australia.

Highlights:

·  IOCA has entered into the HPAs with KNAC for exploration licence
applications E 47/4817, E 47/5001, and Miscellaneous Licence application L
47/1063 at the Hancock Project ("the Licences").

·  The Nyiyaparli native title determination spans the Hancock Project and
associated tenements, which have significant potential for additional iron ore
discoveries (AIM: 2 August 2023).

·  The HPAs are a critical step in the Company's engagement with Nyiyaparli
Traditional Owners in relation to the Hancock Project and their endeavours for
long-term collaboration, cooperation and agreed protection measures for areas
of cultural importance to Nyiyaparli people and inter alia provide the basis
for the Company undertaking the required heritage surveys.

·   The HPAs provide for the grant of the Licences without objection by
native title parties, including the withdrawal of existing objections as well
as mechanisms for engagement with the Nyiyaparli People and the conduct of
heritage surveys.

·  The miscellaneous licence provides the Company necessary tenure to
construct essential infrastructure (subject to FID) for road access from the
Great Northern Highway to the proposed mine site.

·   The finalisation of the HPAs reflects the constructive relationship
Alien has developed with KNAC as the registered representative body for
Nyiyaparli Native title Holders as it continues negotiations on a separate
mining agreement providing for common law holders' consent to the grant of
mining tenure and operations, which is due to be considered by the end of
2023.

Troy Whittaker, Chief Executive Officer commented:

"The Company and its Board would like to thank the Karlka Nyiyaparli
Aboriginal Corporation and its Board of Nyiyaparli Directors for their support
in reaching this significant milestone regarding the relevant Licences. We are
delighted to have signed the HPAs as they will further advance the approvals
pathway and in the long-term, it will assist in the Company de-risking the
project execution for the Hancock Project".

Further Information

Figure 1: Location of the Company's Iron Ore Projects, Western Australia

Figure 2: Hancock Project Tenements

 

For further information please visit the Company's website
at www.alienmetals.uk (https://www.alienmetals.uk/) or contact:

 

Beaumont Cornish Limited (Nomad)

James Biddle / Roland Cornish   Tel: +44 (0) 207 628 3396

 

WH Ireland Ltd

Harry Ansell / Katy Mitchell   Tel +44 (0) 207 220 1666

 

BlytheRay (Financial PR)

Tim Blythe / Megan Ray / Said Izagaren   Tel: +44 (0) 20 7138 3204

 

 

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

Notes to Editors:

Alien Metals Ltd is a mineral exploration and development Company listed on
the AIM market of the London Stock Exchange (LSE: UFO). The Company's focus is
on delivering a near term direct shipping iron ore operation at the Hancock
Project in the Pilbara region of Western Australia.

In 2019, the Company acquired 51% of the Brockman and Hancock Ranges
high-grade (Direct Shipping Ore) iron ore projects and in December 2022 moved
to 90% legal and beneficial ownership. In May 2023, the Company also acquired
100% of Mallina Exploration Pty Ltd and with it, the Western Hancock Tenement.
The new tenement adjoins the Company's existing Hancock tenement, giving the
entire Hancock project direct access to the Great Northern Highway.

The Company also acquired 100% of the Vivash Gorge Iron Ore project in the
west Pilbara in July 2022.

The Company owns 100% of the Elizabeth Hill Silver Project, which consists of
the Elizabeth Hill Historic Mining Lease and the 115km(2) exploration tenement
around the mine.

In March 2022 the Company acquired 100% of the former joint venture interest
in the broader Pinderi Hills tenement group in the West Pilbara, Western
Australia. This includes the Munni Munni Platinum Group Metals Project, one of
Australia's major underexplored PGE and base metals projects. Munni Munni
holds a historic deposit containing 2.2Moz 4E PGM: Palladium, Platinum, Gold,
Rhodium. The Pinderi hills tenement group also has significant Nickel and
Copper prospectivity.

The Company also holds silver, copper and base metal projects in Mexico,
however is currently looking at the best way to divest these for the benefit
of shareholders.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBLBDGDDGDGXD