Business
Replacement Hamersley Acquisition Completion
Replacement Hamersley Acquisition Completion.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \n \n RNS Number : 8201G\n Alien Metals Limited\n 19 March 2020\n \n \n \n \n \n \n \n The following amendment has been made to the 'Alien Metals Completes Acquisition of 51% Western Australia Iron Ore Projects. Issue of Equity and TVR' announcement released on 19 March 2020 at 10:54 under RNS No 7942G.\n \n \n \n \n \n The Admission of the Consideration Shares has been updated to become effective on or around 26 March 2020. \n \n \n \n \n \n All other details remain unchanged.\n \n \n \n \n \n The full amended text is shown below.\n \n \n \n \n \n \n \n \n Trading Symbols\n \n \n AIM: UFO\n \n \n FWB: I3A1\n \n \n 19th March 2020\n \n \n \n \n \n \n Alien Metals Ltd \n \n \n \n \n (\"Alien Metals\" or \"the Company\")\n \n \n \n \n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/8201G_1-2020-3-19.pdf\n \n \n \n \n \n \n \n \n ALIEN METALS COMPLETES ACQUISITION OF 51% WESTERN AUSTRALIA IRON ORE PROJECTS\n \n \n \n \n ISSUE OF EQUITY AND TVR\n \n \n \n \n \n \n Alien Metals (LSE: UFO), the minerals exploration and development company, \n is pleased to advise that it has completed a joint venture agreement (\"JVA\") with Windfield Metals Pty Ltd (\"Windfield\"), following its previously notified decision to exercise its option to acquire a 51% interest in the Hancock Ranges and Brockman Iron Ore Projects in Pilbara, Western Australia (see announcement dated 19 November 2019) (together the \"Projects\"). \n \n \n \n \n \n Projects Overview\n \n \n The Hancock Ranges and Brockman Iron Ore Projects highlight the potential for high-grade direct shipping ore (\"DSO\") based on independent laboratory analysis of 17 rock chip samples taken from both tenements, per announcement on 12 November 2019 and a review of historical data.\n \n \n \n \n \n Hancock Ranges Iron Ore Project\n \n \n The Hancock Ranges Iron Ore Project is on-strike to Brockman Mining's Sirius Deposit which has a JORC inferred and indicated mineral resource estimate dated December 2014 (Brockman Mining ASX Announcement 1 December 2014) of 124 million tonnes grading 60.32% iron (\"Fe\"). It contains one of four historic drill holes that returned 126 metres grading 60.28% Fe from surface (Hole 14SERC004), as reported by Volta Mining Ltd (\"Volta\") in 2014. The surface results taken...