Member Info for Max111

@norm. Interesting posting from someone who said he will evaluate his large position in September.

With Native Title & Port Allocation executed, then the following actually seems spot on:

"By June the project will be fully permitted. Construction can commence in July/August. First ore on truck by Dec 2024. That is the pathway to first ore on ship this year."

And as I mentioned & RNS mentioned, DFS only necessary if partner requires it. So Looks like Alwyn has it lined up with a partner that doesn't require it, so why pay for a full DFS. Remember Alwyn was poached by Baosteel before etc and has been a iron ore industry player for 25 years.

However, you keep enjoying yourself posting about delays. ATB

@norm. As someone posted here before KOD was planning production in 2020 and will be in production inside the next twelve months!

You seem every inexperienced with your non-stop negative posting. This is mining.

Just a shame to have held a large position all this time and have sold just before approvals all start coming through.

Construction to commence in July/August. Hope you are positioned. ATB

Caught up with Alwyn Vorster, non-exec chairman of #UFO to look ahead to an exciting time:

https://twitter.com/IGcom/status/1757480760267669830

@Wolfy. 10-bagger from here on existing resources means you will almost hit your 2p sell target. Enjoy :)

@norm. How can you mine without executing Native Title Project Mining Agreement & Port Allocation. All done now.

Anyways, you continue and enjoy your "are we nearly there yet". ATB.

@norm. Port Hedland allocation starts Q4 and as Alwyn said, "By June the project will be fully permitted. Construction can commence in July/August. First ore on truck by Dec 2024. That is the pathway to first ore on ship this year."

Also regarding DFS, I am sure Alwyn has got things lined up to sell to China and as RNS stated, partner might not require DFS (so why pay for one).

Alwyn has a huge contact list since he ran Kerry Stokes' Iron Ore Holdings, was poached by Baosteel etc etc.

FYI Kerry Stokes is one of Australia's richest with a net worth of US$5.9 billion!

There is good reason why Alwyn is very confident.

@norm. As Alwyn said 10-bagger is just on existing resources. There is significant, significant upside on resources. Only explored about 5% of tenement areas. There are major targets that we have not been able to access due to constraints we had in the past that are now removed.

Good to see Alwyn is not camera shy and coming into play at a great time with approvals & production mapped out.

Looking forward to getting rid of some of some of the "are we nearly there yet" punters and bring in some serious investors looking for a 10-bagger opportunity.

He did say, "Quite a few interest parties talking with us about a joint development."

They will either need to pay a transit fee (as per previous RNS) or pay upfront for haul road costs.

I'm expecting deals to be done here.

"4 key points: Right industry. Right location. Hanc0ck project has a very solid development story. Significant upside as well.

By June the project will be fully permitted. Construction can commence in July/August. First ore on truck by Dec 2024. That is the pathway to first ore on ship this year.

Quite a few interest parties talking with us about a joint development.

There is a 10-bagger opportunity here!

These numbers are on existing resources. There is significant, significant upside on resources. Only explored about 5% of tenement areas. There are major targets that we have not been able to access due to constraints we had in the past that are now removed.

Get the resources up to 20-30Mt. Great upside potential."

Never seen Alwyn so confident about a project.

"Alwyn Vorster, Non-Executive Chairman spoke with @JeremyNaylor_IG from @IGTV this morning to discuss Alien Metals’ recent project developments at the Company’s Hanc0ck Project.

The Company is on track with development approvals to be received by mid-2024, allowing for site development to commence in 2024 and first ore sales to be achieved in Q1 2025."

https://twitter.com/AlienMetals/status/1757387558395240952

Yes Dean. I remember Bill stated in a presentation they were in discussions with the owners of the main Sirius deposit regarding "synergies to work together".

No deal yet since needed approvals first.

Fenix did a similar deal recently with a company called 10M Pty Ltd to unlock some of their DSO, so no reason why UFO can't.

"Synergies to work together" deal signed will send SP rocketing. 124Mt at Sirius and UFO have the only access to export channel for it!

Doubling production then will make a lot of sense.

Alwyn is definitely a straight shooter. Good to know he been an Iron Ore industry player for more than 25 years, developed numerous projects and sees great potential with Hanc0ck, plus enormous exploration potential with the "8Mt JORC Resource that we are currently talking about is absolutely just a minute part of what could come from that tenement group in the end."

"July/August construction should be underway"

Not long for a mining project.

@theannoyingdevil. Now that Traditional Owners have given their consent, the grant of the mining lease m 47/1633 won't be long (eg DMIRS granted Micellaneous Licence for the haul road day after the HPA).

Then submit the final regulatory documentation.

Application for Mining Lease was applied for initially in April 2022:

https://geodocs.dmirs.wa.gov.au/Web/documentlist/8/ML_NUM/M47%2F1633

But it's an ongoing process adding more items in.

Listen to interview:

https://www.youtube.com/watch?v=dlKh0uZCBXs

Production this year and first sales in around 12 months is enough for me to keep adding.

As Alwyn said:

“In the Iron Ore game, people normally talk about 5-10x EBITDA which gives a massive Market Cap for a company”

With EBITDA of A$39M (£20M GBP) = Market Cap should get to around £100-200M for Hanc0ck starter mine alone!

Also regarding Karratha Lithium see the Mafic Intrusions in Figure 1:

https://themarketbull.com.au/2023/10/27/pilbaras-promising-prospects/

I think we will soon find out why they started using the name "Pinderi Hills".

UFO's turn next IMO.

See page 24 about Lithium:

https://www.alienmetals.uk/wp-content/uploads/Coprorate-Slide-Deck-Dec-23.pdf

Azure which last year went from Market Cap $70M to $1.7bn, their pegmatites are from Mafic-Ultramafic host rock.

UFO have matching Mafic-Ultramafic intrusions.

No one was looking for Lithium before in Karratha at all. Now Karratha is a very important Lithium hot spot.

Strategy to still play out.

Alwyn Vorster, Non-Executive Chairman spoke with @proactive_UK this morning to discuss Alien Metals’ recent Development Study which shows excellent economics for the Hanc0ck Project.

https://twitter.com/AlienMetals/status/1757005636963848606

With REGROUP doing mining & haulage, I don't think we need to pay another Iron Ore director TBH.

Maybe a new director looking into Pinderi Hills since Field Mapping & Surveys due soon + Re-assay of existing core.

GRE & ARV rocketing. Just need confirmation of the pegmatites that have already been mapped out on desktop study.