Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer.
The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.
Hancock – Iron Ore
- Maiden JORC compliant resource of 10.4Mt @ 60.4% Fe DSO (Direct Shipping Ore)
- Near 1:1 strip ratio and minimal processing gives a capex of <US$30m and opex of <US$60/t.
- Anglo American have exclusive right to negotiate up to US$15m in funding and 100% offtake
- 8+ year mine life at 1.2mtpa is likely to be extended given ~80-% of tenement is unexplored.
- Acquisition of access to Great Northern Highway and securing of a 600,000tpa bunker at Utah point (through JV with E25) completes transport chain
Brockman – Iron Ore
- Historic sampling had an average grade of 62% Fe, Alien’s own due diligence sampling returned grades as high as 65.4%.
- The tenement contains parts of historic BHP deposits and is bordered by projects owned by FMG and Rio Tinto.
- The project is still heavily underexplored and thus has potential to considerably increase the size of Alien’s Iron Ore resources.
Vivash Gorge – Iron Ore
- FMG has defined a high grade Iron Ore Mineral Resource of 28Mt @58.8% Fe over a neighbouring tenement that abuts Alien’s tenement.
- FMG has historically drilled up to the Vivash tenement boundary returning high grade results such as 70m @ 60.5% Fe.
- Programme of Work (POW) for drilling of up to 150 RC holes been granted which allows Alien immediate access
Elizabeth Hill – Silver
- Pre-JORC Compliant Resource of 4.05Moz Ag at 200g/t Ag cut off
- 1.2Moz @ 2195 g/t Ag in it’s single year of operation (1999-2000)
- Bonanza Grade Silver hit during Alien’s initial drilling with 9.7m @ 8326 g/t Ag from 15m and 1.7m @ 19,865g/t Ag from 23m
- Historically Australia’s highest grade silver mine noted for its exceptional native silver nuggets including Australia’s largest ever silver nugget the 145kg Queen Karratha
- Mining ceased in a single day due to a fall out of JV partners thus leaving a considerable untapped resource
- Alien has erected headframes over both existing shafts and has purchased necessary equipment for dewatering, camp construction and mine re-opening
Munni Munni – PGM
- Historic JORC 2004 compliant resource of 24Mt @ 2.9g/t PGM and Gold for 1.14Moz Pd, 0.83Moz Pt, 152Koz Au and 76Koz Rh (Rhodium)
- First time in 30 years that Munni Munni and Elizabeth Hill projects have been consolidated into a single coherent tenement, under 100% ownership.
- Potential for a much larger, high value, multi-commodity resource many of which appear on critical mineral lists.
- One of the largest undeveloped primary PGM Resources in Australia.
