Alien Metals Ltd, a global minerals exploration and development company, has completed the acquisition of a 100% interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia. As announced on 24 November 2021, the Munni Munni Project is currently subject to a joint venture (JV) between Artemis Resources Ltd and Platina Resources Ltd.
- Acquisition of a project containing palladium and platinum group elements (PGE) plus significant quantities of other strategic metals including rhodium, nickel and copper.
- Potential to extend the historic resource and identify new mineralised systems in both untested additional PGE bearing reefs and the larger base metal system associated with the regional geology.
- Consolidation of the highly prospective Munni Munni and Elizabeth Hill project areas for the first time in over 30 years.
Bill Brodie Good, CEO and Technical Director of Alien Metals, commented: “With the completion of the Munni Munni acquisition, we have further enhanced our position in the West Pilbara region. The company has now secured 100% of one of Australia's largest undeveloped PGE projects at a time when global geopolitics has placed significant supply constraints on strategic metals like palladium and platinum. It is important to note that almost 60% of the historically defined contained metal at Munni Munni is palladium. The security of supply for these critical minerals will become a key factor for global governments and industry.
“We are now in a position to start technical work on the project and consolidate activities undertaken over the last 20 years to advance the project as a priority. Additionally, we are excited to have a larger geological setting to incorporate aspects from the different locations of the intrusion into an overall project and concept.
“We also welcome both Artemis Resources and Platina Resources to the register as shareholders of the company.”
Alastair Clayton, Executive Director, Artemis Resources, added: “We are pleased to become a significant shareholder of Alien Metals who have been able to consolidate for the first time in many years one of Australia's largest PGE projects. Artemis is supportive of Alien's plans to explore and develop what could become a major strategic metals project and we look forward to being a long-term shareholder of the company.”
Upcoming work programmes
Over the last couple of months, the company has been establishing a team of experts to assist with driving the Munni Munni Project forward. This includes specialists in PGE geology, processing and metallurgy, product marketing and offtake and investment finance.
In conjunction with a Perth-based technical consulting group, the company plans to commence on-ground exploration at Munni Munni as soon as possible, once all appropriate permitting is in place. This work could include mapping and sampling at surface, follow-up trenching, in-fill, extension and exploration drilling on various targets both known and new, as well as looking at development options.
Read the article online at: https://www.globalminingreview.com/finance-business/23032022/alien-metals-completes-acquisition-of-munni-munni-platinum-group-metals-and-gold-project/