RE: Clear detailed RNS25 Oct 2022 10:04
Rod's comments...
Roderick McIllree, Chairman of Alien Metals, commented: "The Company continues to move from strength to strength as evidenced by each of the recent agreements and deals completed for IOCA. We remain focussed on delivering a socially and environmentally sustainable iron export operation from Han**** during 2023. Importantly the Company has two other significant iron assets that appear not only commercial but have strategic value to several larger groups within the region and I am confident that future deals will be done on these in due course. Alien's portfolio of high-grade direct shipping ore ("DSO") iron projects is a standout in the small cap space, and we are excited by the potential to be the next iron ore producer to emerge in the Pilbara in Western Australia, one of the world's most stable mining jurisdictions.
"Making the transition from explorer to producer will mark a major inflection point in the Company's evolution and represent, I believe, a huge value transition for shareholders. The longer-term strategy for the Company is to deliver on multiple DSO iron mines in the Pilbara and we are currently working hard to build the team that will deliver this.
"The Company looks forward to updating the market in the coming months on the progress of this key Project and continues to be on track to be shovel ready during 2023."
Having now completed site visits to all the Australian assets and undertaken a detailed review with the Alien team and consultants what I have seen gives me great confidence regarding the future of the Company.