Business
Scoping Study on Hancock Project to be announced
Scoping Study on Hancock Project to be announced.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 8627O\n Alien Metals Limited\n 13 October 2021\n \n \n \n \n \n Trading Symbols\n AIM: UFO\n FWB: I3A1\n 13 October 2021\n \n Alien Metals Ltd\n (\"Alien\" or \"the Company\")\n \n \n Alien to announce results of Scoping Study on Hancock Iron Ore Project \n \n Follow the link to view the announcement in full including all figures:\n \n http://www.rns-pdf.londonstockexchange.com/rns/8627O_1-2021-10-12.pdf\n \n \n Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update the market on the Hancock Iron Ore Project in the Pilbara region of Western Australia further to the publication of its maiden inferred resource on the 22nd September 2021.\n \n Further to the maiden JORC compliant inferred resource of 10.4Mt @ 60.4% Fe (including 7.8Mt @ 60.1% Fe at the Sirius Extension target and 2.6Mt @ 61.5% Fe at the Ridges targets), the Company engaged Mining Plus to carry out a follow up Scoping Study on the Hancock Iron Ore Project.\n \n The results of this work are due shortly and Alien is pleased to advise the market that it will be announcing the findings of this work in a more detailed announcement, with a subsequent live webinar next Tuesday 19th October 2021. To sign up to attend the webinar, hosted jointly by Turner Pope Investments and Vox Markets, please click here: https://voxmarkets.brand.live/c/alien-metals-webinar-19th-october-2021\n \n \n Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:\n \"After the rapid progress since acquiring the Hancock Iron Ore Project, including the recent initial mineral resource estimate (MRE), we have continued to advance the project through engaging Mining Plus to complete the Scoping Study, which provides an initial economic assessment of the MRE.\n \n \"Mining Plus provides a highly credentialed team with recent work including the design and planning of another high-grade DSO project in Western Australia.\n \n \"We are very pleased to be in a position whereby Mining Plus is finalising its initial Scoping Study and we are looking forward to sharing the findings with the market next week to show the progress and potential of this project. In the meantime, we continue to plan and make preparations for the Phase 3 drilling programme th...