Business
Acquisition agreement boosts Hancock Development
Acquisition agreement boosts Hancock Development.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Trading Symbols\n \n \n \n \n AIM: UFO\n \n \n \n \n FWB: I3A1\n \n \n \n \n 5 September 2022\n \n \n \n \n \n \n \n \n \n Alien Metals Ltd\n \n \n \n \n (\"Alien\" or \"the Company\")\n \n \n \n \n \n \n \n \n \n Strategic acquisition agreement boosts Hancock Development\n \n \n \n \n \n \n \n \n Alien Metals Ltd (AIM:UFO), a global minerals exploration and development company, is pleased to advise that its wholly owned subsidiary, Iron Ore Company of Australia Pty Ltd (\"IOCA\") has entered into a binding Heads of Agreement with Mallina Exploration Pty Ltd (\"Mallina\") to acquire a strategic tenement, currently under application with the Department of Mines, Industry Regulation and Safety DMRIS, Western Australia (the \"Tenement Interest\") bounding the Hancock Project (the \"Project\") key to the development of the Project. Alien also announces that it has applied directly for two additional exploration licences within the Hancock area, ELA47/4605 or 'Hancock West', and ELA47/4817 or 'Hancock Northwest', which provide future resource growth opportunities. \n \n \n \n \n \n \n \n \n \n Bill Brodie Good, CEO of Alien Metals, commented\n \n : \"This is a key strategic acquisition of the tenement application located on the southwestern boundary of Hancock. This underlies the optimum route of the planned haul road to enable extraction of the iron ore from Hancock to market via the shortest and most unencumbered route. The farm-in commitment allows us to include the relevant geotechnical work required from us on the haul road. We the...