REG - Alien Metals Limited - Miscellaneous Licence granted

Alien MetalsAnnouncement

04/10/2023 07:15

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RNS Number : 5825O  Alien Metals Limited  04 October 2023

 

Trading Symbols

AIM: UFO

FWB: I3A1

4 October 2023

 

 

Alien Metals Ltd

("Alien" or "the Company")

 

Miscellaneous Licence granted and access secured for Hancock Project

 

Alien Metals Ltd (AIM: UFO), a minerals exploration and development company,
is pleased to announce that following the execution of the Heritage Agreements
("HPAs") with the Karlka Nyiyaparli Aboriginal Corporation RNTBC ("KNAC"),
KNAC has withdrawn its objection to the application for a Miscellaneous
Licence by Iron Ore Company of Australia ("IOCA") and the Western Australian
Department of Mines, Industry Regulation and Safety ("DMIRS") has now granted
the Miscellaneous Licence associated with its 90% owned Hancock Iron Ore
Project ("Hancock Project"), in the Pilbara Region, Western Australia.

Highlights:

·   IOCA's application for a Miscellaneous Licence from the Great Northern
Highway to the proposed Hancock Project Mine Site has been approved by DMIRS.

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

·   The proposed infrastructure will include the construction of an
intersection at the Great Northern Highway and an access track into the mine
site.

Troy Whittaker, Chief Executive Officer commented:

"The granting of the Miscellaneous Licence is an important milestone for the
Company. It is a milestone that significantly de-risks the Hancock Project
execution. Consent for the miscellaneous licence not only provides us with an
essential approval, but also grants us the critical land tenure that secures
unconstrained access to the mine site."

 

 

 

 

 

Further Information

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

Figure 2: Granted Miscellaneous Licence

 

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.

 

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