TIDMUFO
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 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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October 03, 2023 02:00 ET (06:00 GMT)
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