Alien Metals announces Hancock Project maiden resource estimate

Highlights

• The initial Inferred JORC compliant resource stands at 10.4 million t at 60.4% iron (Fe) including 7.8 million t at 60.1% at the Sirius Extension target, 1.5 million t at 61.2% at the Ridge E target and 1.1 million t at 61.9% Fe at the Ridge C target.
• The mineral resource statement (MRE) has been restricted to material that falls within an optimised opencast shell and within the tenement boundary.
• Low levels of deleterious elements indicating that Hancock could produce high-quality direct shipping ore (DSO) product.
• Ridges E and C are only partially tested to date, and the company feel it has considerable potential to define further DSO grade material.

Bill Brodie Good, CEO and Technical Director of Alien Metals, commented: “We are really pleased to have delineated in excess of 10 million t of DSO iron ore with our initial MRE at Hancock. 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 six months.

“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.”

MRE summary

The MRE was completed by Baker Geological Services Ltd (BGS), being an independent consultancy to Alien. The MRE has been classified by Competent Person, Howard Baker (FAusIMM(CP)) in accordance with guidelines contained in the JORC Code. Due to the COVID-19 Pandemic, Baker of BGS has not been able to visit the project and observe the exploration activities. As such, BGS has relied upon the experience of the team employed by Alien and the QA/QC practices adopted. The MRE has an effective date of 16 September 2021. Mineral resources that are not mineral reserves have no demonstrated economic viability. BGS and Alien are not aware of any factors (environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors) that have materially affected the MRE.

The MRE covers three targets within the tenement boundary. These are the Sirius Extension Target, Ridge C and Ridge E, that form part of the Western Ridges prospect.

Read the article online at: https://www.globalminingreview.com/exploration-development/22092021/alien-metals-announces-hancock-project-maiden-resource-estimate/