Business
Commencement of Definitive Feasibility Study
Commencement of Definitive Feasibility Study.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n\n\n \nTrading Symbols\nAIM: UFO\nFWB: I3A1\n3 August 2023 \n \nAlien Metals Ltd\n(\"Alien\" or \"the Company\")\n \nCommencement of Definitive Feasibility Study for Hancock Project\n \nAlien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to announce that its wholly-owned subsidiary Iron Ore Company of Australia Pty Ltd (\"IOCA\") has commenced works on the Definitive Feasibility Study (\"DFS\") for the Company's Hancock Iron Ore Project (\"Hancock Project\") located within Western Australia.\nHighlights\n· The DFS will optimise the mine plan, infrastructure layouts, the final capital and operating cost estimates for the Project.\n· The Company has engaged Mining Plus, a globally recognised engineering and consulting firm to be the lead consultant on the DFS.\n· Since the Scoping Study (see press release 19 October 2021) was delivered, the IOCA team has made significant progress in advancing the project towards production, which includes delivery of maiden resources and reserves, acquisitions of additional tenure to support expansion, securing infrastructure (port and road) access and development of finance and offtake discussions. \n· Progressed the required regulatory approvals for the project, which includes ongoing discussion with the Native Title Holders and completing the required Fauna, Flora and Vegetation studies to support the Environmental...