Getting to grips with Munni Munni and Elizabeth Hill3 Nov 2022 16:41
This article was first published earlier this year.
Western Australia's most underated 'forgotten' mining projects....set to explode into the big league.
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Alien Metals has huge palladium and nickel upside at Munni Munni and Elizabeth Hill, and funds in place to get them moving
14:20 Thu 10 Mar 2022
Alien has iron ore, silver, palladium, and potentially nickel too
The headlines are all over the place at the moment, for understandable reasons, and in the mining sector much of the recent focus has been on nickel.
But nickel isn’t the only metal that has Russia as a major source of supply - it’s worth having a look at what’s been going on with palladium too, given that it’s also been hitting record prices in the past few days.
Who controls the world’s palladium? Number one on the list is South Africa, but Russia is a very prominent number two. After that come a disparate set of nations, including Australia, one of the safest mining jurisdictions around.
And, serendipitously, one particular company is just in the final stages of acquiring what’s likely to be a huge palladium deposit at Munni Munni – Alien Metals.
Alien seems to have a knack of hitting commodity price waves. It wasn’t long ago that silver and iron ore both went on a coincidental tear, and the markets looked around for companies that had both. One of the few that does is Alien, which has silver in Mexico and Australia, and iron ore at Hamersley in the Pilbara.
Work at Hamersley continues apace, building on an existing 10mln tonne resource, and drilling is just restarting in Mexico after a covid-related hiatus.
But just as we speak, it’s the potential at Munni Munni that really looks most mouth-watering.
The new ground at Munni Munni is contiguous with licences Alien already holds at Munni Munni North and Elizabeth Hill, and creates a huge block of mineralisation for chief executive Bill Brodie Good and his team to go to work on.
“We’ve got the majority of the intrusion within our landholding,” says Brodie Good.
For the non-geologists amongst us ‘intrusions’ are where molten rock forces its way into older ‘country’ rock, often bringing a rich endowment of metals and mineralisation with it.
In other words, it’s likely to yield plenty of goodies.
There’s already plenty on offer.
For one thing, Alien is looking to reopen the old high-grade Elizabeth Hill silver mine. And there’s also significant exploration potential for nickel, that other record-breaking metal.
But to date, on the new ground at least, work has been largely focused on the platinum group metals. Back in the day, a historic resource was put together for Munni Munni that amounted to 2.2mln ounces of platinum group elements, including rhodium and gold.
Once the final bureaucratic boxes have been ticked, the plan is to get that resource verified, to put some serious effort into working out potential metallurgical processes, and to est
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