Alien Metals Ltd (AIM: UFO), a minerals exploration and development company, is pleased to announce that all results from the recent resource definition core drilling programme at its 90% owned Hancock Iron Ore Project ('Hancock Project'), in the Pilbara Region, Western Australia, have been received.
Highlights: 13 diamond core holes were drilled during Q2 2023 for a total of 1049 metres ('m') at the Company's Sirius Deposit, with the initial batch of assays reporting high-grade mineralisation (AIM: 20 July 2023). These final assay results confirm exceptional direct ship ore grades, as well as excellent widths and depth continuity of the proposed Sirius Mining Pit. Significant results from the final tranche of assays include: o 52.8m @ 60.9% iron ('Fe') from 1m including high-grade intercepts of 40m @ 61.5% Fe from 13m from Drill Hole 23IHD013 o 61.2m @ 60.8% Fe from 1m including high-grade intercepts of 31.9m @ 61.6% Fe from 22.2m from Drill Hole 23IHD010 o 57m @ 60.6% Fe from 13m including high-grade intercepts of 40.5m @ 61.3% Fe from 27m from Drill Hole 23IHD008 o 78.2m @ 60.4% Fe from 43.7m including high-grade intercepts of 11.3m @ 61.0% Fe from 110.6m from Drill Hole 23IHD007 o 98.5m @ 59.4% Fe from 1.5m including high-grade intercepts of 47.3m @ 60.3% Fe from 14.1m and 9m @ 62.6% Fe from 91m from Drill Hole 23IHD005 This final tranche compliments and reinforces grade from the first tranche of assay results (AIM: 20 July 2023) 26.9m @ 60.03% Fe from 13.9m including a high-grade intercept of 12m @ 61.2% Fe from 28.8m, and 16.1m @ 59.75% Fe from 46.9m including a high-grade intercept of 9.9m @ 61.03% Fe from Drill Hole 23IHD003 o 49.0m @ 59.29% Fe from 14.0m including high-grade intercepts of 8m @ 60.70% Fe from 17m, 9.0m @ 61.51% Fe from 36.0m and 12.0m @ 60.58% Fe from 51.0m from Drill Hole 23IHD006
Troy Whittaker, Chief Executive Officer commented: 'These significant results continue to showcase the abundant potential we have at our Hancock Project. The results demonstrate high-grade, direct ship ore at substantial intersections which continue to underpin further confidence in the resource. As an outcome of this resource definition drilling, we will in the coming months update the Hancock Project Resources and Reserves.'
The drilling was designed to support a planned update through likely higher confidence levels to the existing Mineral Resource Estimate and subsequent Mining Reserves (after the mining studies are completed) at the Sirius Pit. These updated resources and reserves will form part of the Company's updated Feasibility Study. All holes were also logged for geotechnical parameters to enable a Geotechnical Study to be completed to support the Definitive Feasibility Study and mine design process. The results from this drilling programme continue to increase the Company's confidence in the Hancock Project as they demonstrate excellent direct ship grades and wide mining widths available to support proposed production rates. Importantly, this round of core drilling confirms that the mineralisation continues at depth and is likely to extend beyond the existing Mineral and Mining Inventory pit design, as seen in the cross-section below.
Competent Person Statements
The information in this announcement relating to Ore Reserves is based on information compiled by Mr. Jeremy Peters, a Director of Burnt Shirt Pty Ltd, a Fellow of The Australian Institute of Mining and Metallurgy (AUSIMM) and Chartered Professional Geologist and Mining Engineer of that organisation who has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Peters consents to the inclusion in the document of the information in the form and context in which it appears. The information in this announcement that relates to the Hancock Mineral Resources is based on information compiled by Mr. Howard Baker, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy and is an employee by Baker Geological Services Ltd. Mr. Baker has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the 'Australasian Code for the Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code)'. Mr. Baker consents to the disclosure of information in this report in the form and context in which it appears. The information in this announcement that relates to Exploration Results, is based on information compiled by Mr. Bradley Toms, who is the Exploration Manager and a full-time employee of Alien Metals Ltd. Mr. Toms is a Member of The Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Toms consents to the inclusion in the document of the information in the form and context in which it appears. Mr Toms has declared that he holds Performance Rights in the Company.
Contact:
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Notes to Editors
Alien Metals Ltd is a mining exploration and development Company listed on the AIM market of the London Stock Exchange (LSE: UFO). The Company's focus is on delivering a profitable, long life direct shipping iron ore operation based out of the Pilbara in Western Australia. In 2019, the Company acquired 51% of the Brockman and Hancock Ranges highgrade (Direct Shipping Ore) iron ore projects and in December 2022 moved to 90% legal and beneficial ownership. The Company also acquired 100% of the Vivash Gorge Iron Ore project in the west Pilbara in July 2022. The Company acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Mining Lease and the 115km2 exploration tenement around the mine. In March 2022 the Company acquired 100% of the former joint venture interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia, 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 and sits within the Companies Pinderi Hills prospective Nickel, Copper and PGM tenements. In May 2023, the Company 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 holds silver, copper and base metal projects in various locations around the world however is currently looking at the best way to divest these for the benefit of shareholders.
ALIEN METALS LIMITED 
