Bill Brodie Good of Alien Metals talks about the maiden inferred resource in excess of 10Mt at their Hancock Iron Ore Project

Justin Waite
Vox Markets Podcast
10:48, 23rd September 2021

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Bill Brodie Good of Alien Metals talks about the maiden inferred resource in excess of 10Mt at their Hancock Iron Ore Project

Bill Brodie Good, CEO & Technical Director of Alien Metals #UFO FOLLOW talks about the maiden inferred resource in excess of 10Mt at their Hancock Iron Ore Project in the Pilbara region of Western Australia.

Highlights

- The initial Inferred JORC compliant resource stands at 10.4Mt @ 60.4% Fe including 7.8Mt @ 60.1% at the Sirius Extension target, 1.5Mt @ 61.2% at the Ridge E target and 1.1Mt @ 61.9% Fe at the Ridge C target.

- The Mineral Resource Statement ("MRE") has been restricted to material that falls within an optimised open pit 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 they have considerable potential to define further DSO grade material.

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

"We are really pleased to have delineated in excess of 10Mt 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 6 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."

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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