(Alliance News) - Alien Metals Ltd said Friday it extended the iron ore pellets option with Windfield Metals Ltd until November 18 in order to give additional time for complete due diligence.
Alien extended the option for the pellets, with no additional costs being incurred. The option relates to pellets located in Pilbara, Western Australia.
"The extension is intended to allow sufficient time for the necessary due diligence and analysis work to be completed before a decision on whether to commit to advancing the projects is taken," Alien Metals said.
"Iron ore samples from the recent field trip have been despatched to the laboratory for full chemical analysis, with results expected end of next week", Alien added.
Shares in Alien closed unchanged at 0.15 pence in London on Friday.
By Ahren Lester; ahrenlester@alliancenews.com
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Alien Metals (UFO)