Business
Direct Shipping Ore grades confirmed at Hancock
Direct Shipping Ore grades confirmed at Hancock.
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 Trading Symbols\n \n \n \n \n AIM: UFO\n \n \n \n \n FWB: I3A1\n \n \n \n \n 16 June 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 Direct Shipping Ore grades confirmed by bulk sample results from Hancock\n \n \n \n \n \n \n \n \n Follow the link to view the announcement in full, including all figures:\n \n \n http://www.rns-pdf.londonstockexchange.com/rns/1287P_1-2022-6-16.pdf\n \n \n \n \n \n \n \n Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update the market on the progress of the company to get the Hancock Iron Ore Project into production in 2023.\n \n \n \n \n \n \n Highlights:\n \n \n \n \n ·\n Metallurgical test work completed that produced an initial low cost flow sheet of simple crushing and screening for this material\n \n \n ·\n Metallurgical test work confirming Direct Shipping Ore Grade product\n \n \n ·\n High Grade Direct Shipping Ore Pilbara Fines product confirmed at a grade 62.7% Fe from the initial bulk sample from Ridge C Resource\n \n \n ·\n Very low impurities consistent with excellent quality product including silica content (SiO2) < 4.1%, Aluminium content (Al2O3) < 2.77% and Phosphorus content (P) < 0.1%\n \n \n ·\n Test work also indicated a potential for a Lump yield which can command a premium price over the fines above 62% Fe.\n \n \n ·\n Marketing samples prepared and being dispatched to potential customers\n \n \n \n \n \n \n Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:\n \n \"These results from the initial bulk sample on Ridge C are another significant positive step in the progress of the Hancock project further confirming the excellent quality of the product as well as providing a simple initial process flow sheet showing only simple crushing and screening is required prior to shipping, a key element in keeping Capex and Opex to a minimum thus minimising environmental and energy usages once in production.\n \n \n \n \n \n Returning higher than 62% Fe with associated low grade deleterious materials from a 2.5 ton bulk sample provides even more confidence in the overall quality and grade of the resource at C and only spurs ...