Alien relinquishes Greenland Licence

RNS Number : 0881F

Alien Metals Limited

02 November 2022

 

  

Trading Symbols

AIM: UFO

FWB: I3A1

2 November 2022

Alien Metals Ltd

("Alien" or "the Company")

Alien relinquishes Greenland Licence

Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development Company, herby announces that it has relinquished its wholly owned Greenland Exploration licence 2020-44 MEL, as originally announced on 26^th October 2020.

With the Company focused on bringing the Hancock Iron Ore project into production in 2023 and pushing forward with the Munni Munni and Elizabeth Hill projects the relinquishment of this licence supports that strategy.

For further information please visit the Company's website at www.alienmetals.uk, or contact:

Alien Metals Limited

Rod McIllree, Executive Chairman

Bill Brodie Good, CEO

Tel: [phone]

Beaumont Cornish Limited (Nomad)

James Biddle / Roland Cornish

www.beaumontcornish.com

Tel: [phone]

WH Ireland Ltd (Joint Broker)

Harry Ansell / Katy Mitchell

Tel [phone]

Turner Pope Investments (TPI) Limited (Joint Broker)

Andrew Thacker / James Pope

Tel: [phone]

BlytheRay (Financial PR)

Tim Blythe / Megan Ray / Said Izagaren

Tel: [phone]

Notes to Editors

Alien Metals Ltd is a mining exploration and development Company listed on the AIM market of the London Stock Exchange (LSE: UFO). The Company's focus is on delivering a profitable, long life direct shipping iron ore operation based out of the Pilbara in Northwest Australia. In 2019, the Company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and in November 2022 exercised its option to move to 90% once certain CP's are satisfied.

The Company acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Silver Mine Mining Lease and the 115km² exploration tenement around the mine.

In March 2022 the Company acquired 100% of the former joint venture interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia, one of Australia's major underexplored PGE and base metals projects. Munni Munni holds a historic deposit containing 2.2Moz 4E PGM: Palladium, Platinum, Gold, Rhodium.

The Company also holds silver, copper and base metal projects in various locations around the world however is currently looking at the best way to divest these for the benefit of shareholders.

 

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