Alien Metals begins exploration work at Western Australia project

Highlights

Following the Company’s announcement detailing the joint venture entered into by Alien, via its wholly owned subsidiary Alien Metals Australia Pty Ltd, with Errawarra Resources Ltd in respect of the lithium rights on Pinderi Hills, Errawarra is undertaking an initial work programme as part of its Stage 1 commitment. Whilst the focus of the exploration work is on lithium, utilising the expertise of Errawarra, the data gathered from the fieldwork is also expected to provide important information that will assist in the analysis and drill targeting for silver, base, and precious metals at Pinderi Hills.

The work programme to date has focused on first-pass reconnaissance, mapping and sampling and comprises the following:

• Reconnaissance soil (100 m x 400 m grid), stream sediment, and rock chip sampling comprising 1017 samples is completed.
• Photogrammetry completed over the NE portion of E47/4422.
• An historical drone survey is being reprocessed to assist in the targeting of pegmatites.
• Completing surface mapping and sampling of pegmatites.
• All samples have been dispatched to Australian Laboratory Services Perth for analysis with the full assay results anticipated to be available by the end of July 2024. After all sample results are received and interpreted, a follow-up programme will be planned and is expected to be implemented during 4Q24.

Hancock Iron Ore Update

The Company is actively progressing the ongoing review of strategic funding options with regards to the Hancock Project, including possible funding by way of joint venture and or debt funding.

In addition, Alien is focusing on:

• Finalising approvals for the Hancock and Mallina projects to commence exploration work with a strategy to increase existing resources and reserves to 20 – 50 Mt. The current resource stands at 8.4 Mt @ 60.20% Fe.
• Continuing to build a positive, ongoing partnership with the traditional owners, KarlkaNyiyaparli Aboriginal Corporation RNTBC, as the mining development work progresses.
• Planning further works on country heritage surveys in 2H24.
• Discussions with various parties and field analysis to start exploration work.
• Undertaking bulk sample collection for testing to end users e.g. steel mills.
• Engineering and transport logistic disciplines remain well advanced and scoped for mining, crushing, road haulage, and port loading, with the intent to further develop them and move towards a tender process.

Guy Robertson, Executive Director, commented:

“The Errawarra joint venture exploration work will provide significant data for Alien as it continues to fast-track plans to develop the high-grade Elizabeth Hills Silver Mine. As the results are processed, we will be able to update the market with our plans for the next phase of exploration.

“As negotiations continue with potential funding partners with regards to the Hancock Project, Alien is working hard on progressing developmental milestones and expanding the existing iron ore resource significantly in 4Q24 with additional exploration at the Mallina Target west of the Hancock Mining Lease.”

Read the article online at: https://www.globalminingreview.com/mining/21062024/alien-metals-begins-exploration-work-at-western-australia-project/