Business
New Iron Ore Company to expedite development
New Iron Ore Company to expedite development.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 1161U\n Alien Metals Limited\n 01 December 2021\n \n \n \n \n \n Trading Symbols\n AIM: UFO\n FWB: I3A1\n 1 December 2021\n \n Alien Metals Ltd\n (\"Alien\" or \"the Company\")\n \n New Iron Ore Company established to expedite development\n \n Follow the link to view the announcement in full including all figures:\n \n http://www.rns-pdf.londonstockexchange.com/rns/1161U_1-2021-11-30.pdf\n \n \n Alien Metals Ltd (LSE AIM:UFO), a minerals exploration and development company, is pleased to advise that, as part of its development of the Hancock and Brockman Iron Ore projects, it has formed a new wholly owned subsidiary named Iron Ore Company of Australia Pty Ltd ('IOCA').\n \n \n \n Highlights\n \n · IOCA has already commenced building a strong Perth based management team, focussed on these iron ore projects in Western Australia\n \n · IOCA has engaged a boutique environmental company, Green Values Australia, to commence and complete necessary statutory permitting to convert the Exploration Licence to a Mining Lease for the Hancock tenement\n \n · Commencement of discussions with interested parties in Iron Ore for possible offtake agreements\n \n · Company engagement with the contract mining sector for drill, blast, crush and screen activities and with the contract haulage and logistics sector\n \n · Planning of detailed metallurgical test work programme\n \n · Phase 3 drilling commenced\n \n \n Bill Brodie Good, Chief Executive Officer & Technical Director of Alien Metals, commented: \"As part of the Company's commitment to fast track the iron ore projects, we have created a dedicated company, Iron Ore Company of Australia Pty Ltd (IOCA). With the third phase of drilling at Hancock started and our Country Manager, Lloyd Edmunds, continuing drive on the permitting and development aspects, we are very pleased with the progress and continue to push Hancock to be 'shovel ready' as soon as possible. We remain extremely confident about the prospects for our iron ore projects and look forward to updating the market as we go.\"\n \n \n \n Figure 1: Location of Brockman and Hancock Iron Ore Projects, Western Australia\n \n Corporate\n With the third phase drilling programme commenced at Hancock, the recent very successful ...