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Alien Metals Limited (UFO)

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Wednesday 11 August, 2021

Alien Metals Limited

Hancock firming up as standalone DSO operation

RNS Number : 1959I
Alien Metals Limited
11 August 2021
 

 

 

Trading Symbols

AIM: UFO

FWB: I3A1

11 August 2021

 

Alien Metals Ltd

("Alien" or "the Company")

 

Hancock Iron Ore Project firming up as standalone DSO operation

 

Follow the link to view the announcement in full including all figures: http://www.rns-pdf.londonstockexchange.com/rns/1959I_1-2021-8-10.pdf

 

Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update the market on the Hancock Iron Ore Project in the Pilbara region of Western Australia.

 

Highlights

· Initial Assay results from the second phase of Reverse Circulation (RC) resource drilling have demonstrated significant widths of direct shipping ore (DSO) grade intersections from surface at the Sirius Extension Project

· All intersections from the Sirius Extension Project clearly point to a contiguous DSO grade deposit with best initial results from the second phase drill program including:

47m @ 61.50 % Fe in hole AM21RC002 001 from 2m  

78m @ 61.20 % Fe in hole AM21RC002 002 from 1m 

25m @ 61.50 % Fe in hole AM21RC002 003 from surface 

88m @ 60.60 % Fe in hole AM21RC002 004 from 1m 

29m @ 59.60 % Fe in hole AM21RC002 005 from 12m  

19m @ 59.30 % Fe in hole AM21RC002 006 from 15m

68m @ 58.50 % Fe in hole AM21RC002 007 from 11m 

 

· With the continued strong results from the Sirius Extension Project, maiden resource estimation work and mining studies have commenced with initial results anticipated in the September quarter

· Further drilling at the Western Ridges Project is being planned as a third phase program; management's expectation is that this will deliver a zone to contain a potential second resource

 

The second phase of drilling was designed to in-fill the maiden drilling at the Sirius Extension Project. We are now confident that the current drill spacing is sufficient to enable the delineation of a maiden JORC resource to be calculated. The laboratory results received to date have further confirmed the excellent potential of the Sirius prospect.

 

 

Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:

"Our Hancock Iron Ore Project is shaping up to be a significant development opportunity for Alien. We have now defined DSO grade iron ore over a strike length of 350 metres at the Sirius Extension Prospect alone and we now have nearly all the data to calculate a maiden JORC resource at Sirius."

 

"In parallel to this work the Company has already engaged specialisist mining consultants, Mining Plus, to deliver a high level scoping study for the Sirius Extension prospect. Mining Plus has extensive experience with similar DSO grade projects that have recently transitioned from explorer to producer in Western Australia; this provides valuable data as a benchmark for Alien and will provide robustness to the financial model, even at this preliminary stage. Alien is highly encouraged by the early review work and looks forward to providing an update in due course."

 

"In addition to the Sirius Extension prosect and the yet to be resource drilled Western Ridges, significant potential still remains at Hancock, with only 15% of the tenement tested to date."

 

John Battista, Principal Mining Consultant, Mining Plus, commented:

"Based on our conceptual study-level work to date, the Hancock project has the potential to be developed into a niche direct-shipping iron ore producer in the heart of the world-famous Pilbara region of Western Australia."

 

 

 

Figure 1: Location of Hancock Iron Ore Project, Western Australia

 

 

 

 

Figure 2: Summary drilling results to date, Sirius Extension, Hancock Tenement, August 2021

 

 

Figure 3: Section AM21L03, Sirius Extension, August 2021

 

Alien used the industry standard of inserting 5% Certified Reference Material (CRM) samples and 5% duplicate samples at source. The CRMs are sourced from Geostats Pty Ltd, Perth, WA, a global leader in the manufacture and sale of CRMs. All samples generated were dispatched to Intertek Genalysis at Maddington, Perth, WA, and analysed for their Standard Iron Ore Package Analysis with XRF finish, which includes elements Fe, Al, Ca, K, Mg, Mn, Na, P, S and Si. This is the same as the analysis and laboratory used in all Alien's analysis work on these projects to date to maintain consistency and comparability between all analyses.

The Company notes that we are still waiting on the laboratory results of 3 holes from the Sirius Extension Prospect phase 2 drilling as well as all the Western Ridge prospect holes and are hoping to receive these in the coming couple of weeks.

Figure 4 below shows the Company's untested target ridges outline for the remainder of the Hancock tenement and plans are already afoot to start testing these targets as well.

 

 

Figure 4: Target areas for further ground reconnaissance, Hancock Tenement, Hamersley Iron Ore Project, August 2021

 

Alien Metals Limited

Bill Brodie Good, CEO & Technical Director

(via St-James' Corporate Services, Company Secretary)

Tel: +44 20 7796 8644

 

Beaumont Cornish Limited (Nomad)

James Biddle / Roland Cornish

www.beaumontcornish.com

Tel: +44 (0) 207 628 3396

 

Turner Pope Investments (TPI) Limited (Broker)

Andrew Thacker / James Pope

Tel: +44 (0) 20 3657 0050

 

Yellow Jersey PR (Financial PR)

Sarah Hollins / Joe Burgess / Matthew McHale

[email protected]

Tel: +44 (0) 20 3004 9512

 

 

 

Notes to Editors

Alien Metals Ltd is a mining exploration and development company listed on AIM of the London Stock Exchange (LSE: UFO). The Company's focus is on precious and base metal commodities, with its operations located in proven mining jurisdictions and it has embarked upon an acquisition-led strategy headed by a high-quality geological team to build a strong portfolio of diversified assets.

 

In 2019, the company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and increased its holding to 90% in May 2021 while in 2020 acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Silver Mine Mining Lease and the surrounding Munni Munni North Exploration Tenement. The Australian projects are located in the world-renowned Pilbara region of Western Australia.

 

The Company also holds two silver projects, San Celso and Los Santos, located in Zacatecas State, Mexico's largest silver producing state, which produced over 190m oz of silver in 2018 alone, accounting for 45% of the total silver production of Mexico for that year. The Company holds a Copper Gold project in the same region, Donovan 2.

 

The company was also awarded an Exploration Licence in Greenland in late 2020, which surrounds the world class Citronen Zinc-Lead deposit.

 

In addition to progressing and developing its portfolio of assets and following its strategic review of its portfolio of silver and precious metals projects, Alien Metals has identified priority exploration targets within all of its projects which it is working to advance systematically.

 

Qualified Person

The information in this report which relates to Exploration Targets, Exploration Results and Mineral Resources or Ore Reserves is based on information compiled by Mr. Allen Maynard, who is a Member of the Australian Institute of Geosciences ("AIG"), a Corporate Member of the Australasian Institute of Mining & Metallurgy ("AusIMM") and independent consultant to the Company. Mr. Maynard is the Director and principal geologist of Al Maynard & Associates Pty Ltd and has over 40 continuous years of exploration and mining experience in a variety of mineral deposit styles. Mr. Maynard has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves" (JORC Code). Mr. Maynard consents to inclusion in the report of the matters based on this information in the form and context in which it appears.

 

Glossary:

Reverse Circulation Drilling - Often referred to as RC drilling, is a method of drilling which uses dual wall drill rods that consist of an outer drill rod with an inner tube. These hollow inner tubes allow the drill cuttings to be transported back to the surface in a continuous, steady flow. Drill results using this method with adequate QA/QC can be used in Mineral Resource Calculations

DSO - Direct Shipping Ore

XRF - X-ray fluorescence, used for elemental analysis and chemical analysis, particularly in the investigation of metals in the resource industry.

 

QA/QC - Quality Assurance/Quality Control - This is the combination of quality assurance, the process or set of processes used to measure and assure the quality of a product, and quality control, the process of ensuring products and services meet consumer expectations. In this case an independent verification of the laboratory analysis result.

Fe - Iron

Al - Aluminium

Ca - Calcium

K - Potassium

Mg - Magnesium

Mn - Manganese

Na - Sodium

P - Potassium

S - Sulphur

Si - Silica

 

 

 

 

 

Appendix 1

Table 1: Summary interim results 2nd Drilling phase, Sirius Extension, Hancock Tenement, Hamersley Iron Ore Project, August 2021

 

Hole Nbr

From (m)

To (m)

Fe %

AM21RC002_001

2

3

57.48

AM21RC002_001

3

4

59.02

AM21RC002_001

4

5

54.8

AM21RC002_001

5

6

56.88

AM21RC002_001

6

7

61.42

AM21RC002_001

7

8

60.87

AM21RC002_001

8

9

61.43

AM21RC002_001

9

10

61.55

AM21RC002_001

10

11

62.09

AM21RC002_001

11

12

57.28

AM21RC002_001

12

13

58.25

AM21RC002_001

13

14

57.59

AM21RC002_001

14

15

57.32

AM21RC002_001

15

16

59.49

AM21RC002_001

16

17

61.69

AM21RC002_001

17

18

61.73

AM21RC002_001

18

19

63.07

AM21RC002_001

19

20

62.9

AM21RC002_001

20

21

63.77

AM21RC002_001

21

22

63.76

AM21RC002_001

22

23

63.49

AM21RC002_001

23

24

62.98

AM21RC002_001

24

25

63.4

AM21RC002_001

25

26

63.76

AM21RC002_001

26

27

63.34

AM21RC002_001

27

28

63.07

AM21RC002_001

28

29

63.84

AM21RC002_001

29

30

63.65

AM21RC002_001

30

31

63.85

AM21RC002_001

31

32

63.86

AM21RC002_001

32

33

63.24

AM21RC002_001

33

34

63.37

AM21RC002_001

34

35

63.15

AM21RC002_001

35

36

63.17

AM21RC002_001

36

37

62.89

AM21RC002_001

37

38

62.62

AM21RC002_001

38

39

63.14

AM21RC002_001

39

40

63.08

AM21RC002_001

40

41

62.93

AM21RC002_001

41

42

62.96

AM21RC002_001

42

43

62.35

AM21RC002_001

43

44

61.5

AM21RC002_001

44

45

61.58

AM21RC002_001

45

46

61.57

AM21RC002_001

46

47

61.62

AM21RC002_001

47

48

59.96

AM21RC002_001

48

49

54.77

AM21RC002_002

1

2

60.94

AM21RC002_002

2

3

63.4

AM21RC002_002

3

4

59.17

AM21RC002_002

4

5

60.5

AM21RC002_002

5

6

61.21

AM21RC002_002

6

7

57.71

AM21RC002_002

7

8

59.06

AM21RC002_002

8

9

61.5

AM21RC002_002

9

10

61.98

AM21RC002_002

10

11

62.76

AM21RC002_002

11

12

61.7

AM21RC002_002

12

13

58.89

AM21RC002_002

13

14

57.19

AM21RC002_002

14

15

58.95

AM21RC002_002

15

16

55.41

AM21RC002_002

16

17

56.34

AM21RC002_002

17

18

47.7

AM21RC002_002

18

19

62.39

AM21RC002_002

19

20

63.15

AM21RC002_002

20

21

61.44

AM21RC002_002

21

22

61.31

AM21RC002_002

22

23

59.8

AM21RC002_002

23

24

62.51

AM21RC002_002

24

25

62.39

AM21RC002_002

25

26

61.11

AM21RC002_002

26

27

62.53

AM21RC002_002

27

28

61.8

AM21RC002_002

28

29

59.26

AM21RC002_002

29

30

61.46

AM21RC002_002

30

31

60.26

AM21RC002_002

31

32

60.8

AM21RC002_002

32

33

61.19

AM21RC002_002

33

34

61.24

AM21RC002_002

34

35

61.48

AM21RC002_002

35

36

61.88

AM21RC002_002

36

37

62.06

AM21RC002_002

37

38

61.81

AM21RC002_002

38

39

62.25

AM21RC002_002

39

40

61.51

AM21RC002_002

40

41

60.89

AM21RC002_002

41

42

60.79

AM21RC002_002

42

43

55.69

AM21RC002_002

43

44

59.66

AM21RC002_002

44

45

60.54

AM21RC002_002

45

46

60.83

AM21RC002_002

46

47

59.73

AM21RC002_002

47

48

59.71

AM21RC002_002

48

49

60.03

AM21RC002_002

49

50

59.21

AM21RC002_002

50

51

60.22

AM21RC002_002

51

52

60.05

AM21RC002_002

52

53

60.16

AM21RC002_002

53

54

59.24

AM21RC002_002

54

55

59.48

AM21RC002_002

55

56

59.5

AM21RC002_002

56

57

59.75

AM21RC002_002

57

58

59.96

AM21RC002_002

58

59

60.43

AM21RC002_002

59

60

60.74

AM21RC002_002

60

61

60.77

AM21RC002_002

61

62

60.31

AM21RC002_002

62

63

58.59

AM21RC002_002

63

64

59.14

AM21RC002_002

64

65

60.09

AM21RC002_002

65

66

59.35

AM21RC002_002

66

67

59.27

AM21RC002_002

67

68

59.73

AM21RC002_002

68

69

59.88

AM21RC002_002

69

70

59.32

AM21RC002_002

70

71

60.1

AM21RC002_002

71

72

60.02

AM21RC002_002

72

73

59.97

AM21RC002_002

73

74

60.2

AM21RC002_002

74

75

60.34

AM21RC002_002

75

76

60.25

AM21RC002_002

76

77

60.75

AM21RC002_002

77

78

60.11

AM21RC002_002

78

79

60.2

AM21RC002_003

0

1

61.2

AM21RC002_003

1

2

50.81

AM21RC002_003

2

3

61.19

AM21RC002_003

3

4

62.68

AM21RC002_003

4

5

54.13

AM21RC002_003

5

6

55.64

AM21RC002_003

6

7

62.18

AM21RC002_003

7

8

62.12

AM21RC002_003

8

9

59.02

AM21RC002_003

9

10

60.93

AM21RC002_003

10

11

62.27

AM21RC002_003

11

12

64.19

AM21RC002_003

12

13

60.07

AM21RC002_003

13

14

58.82

AM21RC002_003

14

15

64.42

AM21RC002_003

15

16

64.49

AM21RC002_003

16

17

65.7

AM21RC002_003

17

18

64.95

AM21RC002_003

18

19

64.79

AM21RC002_003

19

20

64.92

AM21RC002_003

20

21

65.11

AM21RC002_003

21

22

61.84

AM21RC002_003

22

23

63.3

AM21RC002_003

23

24

62.45

AM21RC002_003

24

25

59.96

AM21RC002_004

1

2

50.55

AM21RC002_004

2

3

55.69

AM21RC002_004

3

4

61.63

AM21RC002_004

4

5

57.97

AM21RC002_004

5

6

56.9

AM21RC002_004

6

7

60.86

AM21RC002_004

7

8

60.35

AM21RC002_004

8

9

60.01

AM21RC002_004

9

10

61.58

AM21RC002_004

10

11

60.44

AM21RC002_004

11

12

60.97

AM21RC002_004

12

13

61.77

AM21RC002_004

13

14

61.67

AM21RC002_004

14

15

62.98

AM21RC002_004

15

16

62.05

AM21RC002_004

16

17

61.63

AM21RC002_004

17

18

61.71

AM21RC002_004

18

19

62.12

AM21RC002_004

19

20

60.88

AM21RC002_004

20

21

56.04

AM21RC002_004

21

22

60.99

AM21RC002_004

22

23

58.62

AM21RC002_004

23

24

56.91

AM21RC002_004

24

25

59.42

AM21RC002_004

25

26

57.88

AM21RC002_004

26

27

57.91

AM21RC002_004

27

28

57.98

AM21RC002_004

28

29

58.61

AM21RC002_004

29

30

58.85

AM21RC002_004

30

31

58.62

AM21RC002_004

31

32

58.19

AM21RC002_004

32

33

58.3

AM21RC002_004

33

34

58.35

AM21RC002_004

34

35

59.44

AM21RC002_004

35

36

58.56

AM21RC002_004

36

37

60.4

AM21RC002_004

37

38

59.67

AM21RC002_004

38

39

59.75

AM21RC002_004

39

40

62.5

AM21RC002_004

40

41

63.12

AM21RC002_004

41

42

54.91

AM21RC002_004

42

43

59.69

AM21RC002_004

43

44

61.36

AM21RC002_004

44

45

62.02

AM21RC002_004

45

46

61.51

AM21RC002_004

46

47

61.79

AM21RC002_004

47

48

61.2

AM21RC002_004

48

49

60.5

AM21RC002_004

49

50

62.99

AM21RC002_004

50

51

63.62

AM21RC002_004

51

52

63.61

AM21RC002_004

52

53

62.99

AM21RC002_004

53

54

61.95

AM21RC002_004

54

55

61.82

AM21RC002_004

55

56

61.01

AM21RC002_004

56

57

62.33

AM21RC002_004

57

58

60.21

AM21RC002_004

58

59

61.85

AM21RC002_004

59

60

61.31

AM21RC002_004

60

61

61.66

AM21RC002_004

61

62

61.52

AM21RC002_004

62

63

62.13

AM21RC002_004

63

64

62.08

AM21RC002_004

64

65

62.18

AM21RC002_004

65

66

61.35

AM21RC002_004

66

67

61.63

AM21RC002_004

67

68

60.67

AM21RC002_004

68

69

60.02

AM21RC002_004

69

70

61.15

AM21RC002_004

70

71

61.61

AM21RC002_004

71

72

61.6

AM21RC002_004

72

73

62.22

AM21RC002_004

73

74

62.76

AM21RC002_004

74

75

62.22

AM21RC002_004

75

76

64.04

AM21RC002_004

76

77

62.93

AM21RC002_004

77

78

62.64

AM21RC002_004

78

79

62.31

AM21RC002_004

79

80

62.42

AM21RC002_004

80

81

62.88

AM21RC002_004

81

82

63

AM21RC002_004

82

83

63.62

AM21RC002_004

83

84

63.6

AM21RC002_004

84

85

63.05

AM21RC002_004

85

86

60.3

AM21RC002_004

86

87

57.62

AM21RC002_004

87

88

57.34

AM21RC002_004

88

89

54.73

AM21RC002_005

12

13

59.85

AM21RC002_005

13

14

61.9

AM21RC002_005

14

15

59.28

AM21RC002_005

15

16

54.91

AM21RC002_005

16

17

52.13

AM21RC002_005

17

18

62.48

AM21RC002_005

18

19

61.08

AM21RC002_005

19

20

61.91

AM21RC002_005

20

21

61.65

AM21RC002_005

21

22

62.23

AM21RC002_005

22

23

59.69

AM21RC002_005

23

24

43.89

AM21RC002_005

24

25

57.79

AM21RC002_005

25

26

58.92

AM21RC002_005

26

27

61.3

AM21RC002_005

27

28

61.01

AM21RC002_005

28

29

64.25

AM21RC002_005

29

30

63.62

AM21RC002_005

30

31

62.69

AM21RC002_005

31

32

63.95

AM21RC002_005

32

33

59.61

AM21RC002_005

33

34

60.68

AM21RC002_005

34

35

62.76

AM21RC002_005

35

36

60.68

AM21RC002_005

36

37

52.7

AM21RC002_005

37

38

53.18

AM21RC002_005

38

39

60.17

AM21RC002_005

39

40

60.85

AM21RC002_005

40

41

62.94

AM21RC002_006

15

16

60.9

AM21RC002_006

16

17

58.96

AM21RC002_006

17

18

56.4

AM21RC002_006

18

19

54.38

AM21RC002_006

19

20

58.89

AM21RC002_006

20

21

60.35

AM21RC002_006

21

22

47.84

AM21RC002_006

22

23

57.72

AM21RC002_006

23

24

61.82

AM21RC002_006

24

25

63.32

AM21RC002_006

25

26

64.09

AM21RC002_006

26

27

62.7

AM21RC002_006

27

28

64.2

AM21RC002_006

28

29

62.05

AM21RC002_006

29

30

60.53

AM21RC002_006

30

31

46.56

AM21RC002_006

31

32

61.01

AM21RC002_006

32

33

63.19

AM21RC002_006

33

34

61.55

AM21RC002_007

11

12

59.78

AM21RC002_007

12

13

58.71

AM21RC002_007

13

14

61.23

AM21RC002_007

14

15

62.49

AM21RC002_007

15

16

61.47

AM21RC002_007

16

17

61.53

AM21RC002_007

17

18

58.39

AM21RC002_007

18

19

60.32

AM21RC002_007

19

20

62.74

AM21RC002_007

20

21

61.93

AM21RC002_007

21

22

59.43

AM21RC002_007

22

23

62.68

AM21RC002_007

23

24

58.84

AM21RC002_007

24

25

62.53

AM21RC002_007

25

26

60.39

AM21RC002_007

26

27

59.77

AM21RC002_007

27

28

59.53

AM21RC002_007

28

29

58.47

AM21RC002_007

29

30

56.08

AM21RC002_007

30

31

60.12

AM21RC002_007

31

32

59.07

AM21RC002_007

32

33

57.23

AM21RC002_007

33

34

51.74

AM21RC002_007

34

35

56.51

AM21RC002_007

35

36

58.17

AM21RC002_007

36

37

57.21

AM21RC002_007

37

38

57.58

AM21RC002_007

38

39

55.71

AM21RC002_007

39

40

54.63

AM21RC002_007

40

41

56.79

AM21RC002_007

41

42

58.91

AM21RC002_007

42

43

56.19

AM21RC002_007

43

44

60.25

AM21RC002_007

44

45

59.21

AM21RC002_007

45

46

57.77

AM21RC002_007

46

47

59

AM21RC002_007

47

48

56.05

AM21RC002_007

48

49

58.08

AM21RC002_007

49

50

57.17

AM21RC002_007

50

51

55.19

AM21RC002_007

51

52

53.65

AM21RC002_007

52

53

55.94

AM21RC002_007

53

54

57.32

AM21RC002_007

54

55

56.13

AM21RC002_007

55

56

55.91

AM21RC002_007

56

57

56.62

AM21RC002_007

57

58

58.1

AM21RC002_007

58

59

58.37

AM21RC002_007

59

60

52.48

AM21RC002_007

60

61

55.21

AM21RC002_007

61

62

58.13

AM21RC002_007

62

63

58.35

AM21RC002_007

63

64

58.38

AM21RC002_007

64

65

57.74

AM21RC002_007

65

66

58.25

AM21RC002_007

66

67

60.42

AM21RC002_007

67

68

61.29

AM21RC002_007

68

69

62.56

AM21RC002_007

69

70

63.18

AM21RC002_007

70

71

63.17

AM21RC002_007

71

72

58.6

AM21RC002_007

72

73

54.84

AM21RC002_007

73

74

59.03

AM21RC002_007

74

75

57.78

AM21RC002_007

75

76

60.84

AM21RC002_007

76

77

60.74

AM21RC002_007

77

78

59.71

AM21RC002_007

78

79

57.88

 

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