Business
Construction and Operations Contractor Secured
Construction and Operations Contractor Secured.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n\n \n \nTrading Symbols\nAIM: UFO\nFWB: I3A1\n23 August 2023 \n \nAlien Metals Ltd\n(\"Alien\" or \"the Company\")\n \nPreferred Construction and Operations Contractor Secured\n \nAlien Metals Ltd (AIM: UFO), a minerals exploration and development company, is pleased to announce that its wholly-owned subsidiary Iron Ore Company of Australia Pty Ltd (\"IOCA\") has awarded REGROUP Australia (\"REGROUP\") as its preferred primary contractor to undertake the construction works, mining operations and haulage services for its flagship Hancock Iron Ore Project (\"Hancock\" or the \"Project\") in the Pilbara region of Western Australia.\nIOCA has conducted a competitive market engagement over the previous six months to identify commercially and technically adept contractors to undertake works as part of the Hancock development and operations. This process has involved pre-qualified and targeted proponents submitting bids for specific scopes of works and agreeing to key commercial terms.\nREGROUP are a highly renowned and experienced civil construction, mining operator and haulier, having executed projects that exceed A$100 million on multiple occasions. It operates one of the largest privately and independently owned fleets in Western Australia, with clients that include Newcrest Mining, Roy Hill and Element 25. The selection of REGROUP allows the Company to update its financial model as part of the Definitive Feasibility Study work streams.\nHighlights\n· REGROUP has been selected as the preferred construction contractor for:\no Co...