Business
Pinderi Hills Update and Appointment of Adviser
Pinderi Hills Update and Appointment of Adviser.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n\nTrading Symbols\nAIM: UFO\nFWB: I3A1\n\n\n19 March 2025\nAlien Metals Ltd\n \n(\"Alien\" or the \"Company\")\n \nPinderi Hills Update and Appointment of Corporate Adviser for Hancock Project\n \nAlien Metals Ltd (AIM: UFO), a minerals exploration and development company, is pleased to report on recent exploration activities at Pinderi Hills and advise that it has appointed Corporate Advisory firm, Sternship Advisers Pty Ltd (\"Sternship\") to assist with potential M&A and joint venture options with regards to the Hancock Project.\nHighlights\n· Geophysical activities recently conducted at Pinderi Hills now require further follow-up investigations, with highlights being:\no Two weak and shallow electrical conductors over the Cadgerina Dyke identified; these two features may be related to disseminated sulphide mineralisation similar to the Canadian Thunder Bay Intrusive Complex (Ni-Cu-PGM mineralisation).\no Down Hole Electromagnetic (\"DHEM\") surveys conducted on two historical diamond drill holes at the Elizabeth Hill silver project and compilation of the historical aeromagnetic data will provide support for preparation of a diamond drilling programme.\n· The Hancock West applications (E47/5157 and E47/5158) are expected to be granted soon after the Native Title referral period completes in April 20251.\n· Tenements E47/5157 and E47/5158 are considered to host similar geology to the existing mineral resources at the Company's nearby Hancock Project. An initial field reconnaissance mapping exercise, to confirm the iron ore prospectivity will commence as soon as practicable.\n· The Company continues to progress with the ongoing review of strategic M&A and funding options concerning the Hancock Project and has appointed Sternship Advisers as Corporate Adviser to the process.\n· Sternship is a leading Perth-based advisory firm established in mid-2017 by the former UBS Perth advisory team. Sternship provides leading, independent M&A advice across various transaction types across all commodities, including iron ore. Sternship's strong M&A capability is demonstrated through its extensive transaction experience and team profile.\n \nGuy Robertson, Executive Chair...