Business
MoU agreed with Pilbara Ports for Iron Ore Exports
MoU agreed with Pilbara Ports for Iron Ore Exports.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n\n \nTrading Symbols\nAIM: UFO\nFWB: I3A1\n28 November 2023\n \n \nAlien Metals Ltd\n(\"Alien\" or \"the Company\")\n \nMemorandum of Understanding executed with Pilbara Ports Authority for Iron Ore Exports\n \nAlien Metals Ltd (AIM: UFO), a minerals exploration and development company, is pleased to announce it has entered into a conditional, non-binding Memorandum of Understanding (\"MoU\") with Pilbara Ports to access its Utah Bulk Handling Facility (\"Utah Point\"), multi-user berth in Port Hedland. The agreement is the first important step in securing the formal commitment from Pilbara Ports to export the iron ore produced by the Company's Hancock iron ore Project.\nHighlights:\n· Pilbara Ports and the Company's wholly owned subsidiary, Iron Ore Company of Australia Pty Ltd (\"IOCA\"), entered into an MoU\n· Pilbara Ports operates in the Pilbara Region of Western Australia, with the Port of Port Hedland as the largest bulk export port in the world\n· The MoU paves the way for IOCA to access the common-use stockpiles at Utah Point and export up to 1.25 million tonnes per annum (mtpa) of Iron Ore from Q4 2024\n· IOCA is also pleased to announce that the next step in this process has progressed to a point whereby Pilbara Ports and IOCA have substantially agreed the terms of the binding agreement for iron ore export throug...