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Alien Metals reveals maiden inferred resource of 10.4Mt for Hancock iron ore project

Published: 02:34 22 Sep 2021 EDT

Alien Metals Ltd -

Alien Metals Ltd (LSE:UFO) announced a maiden inferred resource estimate of more than 10 million tonnes for the Hancock iron ore project in the Pilbara region of Western Australia.

The company reported an inferred JORC-compliant resource of 10.4 million tonnes (Mt) at 60.4% iron, including 7.8Mt at 60.1% at the Sirius Extension target, 1.5Mt at 61.2% at the Ridge E target and 1.1Mt at 61.9% iron at the Ridge C target. These three targets form part of the Western Ridges prospect.

The resource estimate was restricted to material that fell within an optimised open pit shell and within the tenement boundary.

Ridges E and C have only been partially tested to date, and the AIM-traded company said it feels they have considerable potential to define further direct shipping ore (DSO) grade material.

"We are really pleased to have delineated in excess of 10Mt of DSO iron ore with our initial MRE [mineral resource estimate] at Hancock,” said chief executive Bill Brodie Good. “With only a quarter of the Western Ridges targets tested to date, we believe there is considerable scope to grow the DSO resource over the next 6 months.”

Low levels of deleterious elements indicate that Hancock could produce high-quality DSO product, Alien said.

“Having a sizeable maiden resource is encouraging; having DSO material with low impurities is even more pleasing and we are pushing ahead on the scoping study work with Mining Plus and continued planning for the Phase 3 drilling programme," said Brodie Good.

Alien increased its interest in Hancock to 90% in May 2021.

Alien Metals delighted with progress at Hancock and Elizabeth Hill

Alien Metals Ltd (AIM:UFO, OTC:ASLRF) chief executive Bill Brodie Good updates Proactive on the Hancock iron core project in Pilbara, Western Australia.  Brodie says that Hancock is the project that the company is "most excited" about, but that there are many other reasons for optimism with...

on 11/08/2022